Download or read book From the Great Recession to Labour Market Recovery written by I. Islam and published by Springer. This book was released on 2010-12-14 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on the impact of the Great Recession from the perspective of both developing and developed countries. It traces the complex and multiple causes of the Great Recession, delineates the diversity in the macroeconomic and labour market consequences, and highlights the effectiveness of policy responses undertaken so far.
Download or read book The Economy Crises and the Labor Market written by Klaus F. Zimmermann and published by . This book was released on 2010 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2009 was marked by a deep global economic crisis triggered by turbulence on the financial markets. The crisis has affected different countries' economies to differing degrees. The impact on national labor markets was even more severe, and wider in scope, than the resulting economic slump itself. It appears likely that the different institutions are (at least partly) to blame.Against this backdrop, the 73rd ARGE meeting examined the relationships between institutions - labor market institutions but others as well - and labor market developments in times of crisis. The key question was whether and how institutions can serve as a "protective shield" for employment. The lectures focuses on the following aspects: European labor markets in international comparison, the role of labor market institutions in the crisis, labor market reforms and competition, labor force cohorts, meta-analysis of the minimum wage, and labor market regulation.
Download or read book Working through the Crisis written by Arup Banerji and published by World Bank Publications. This book was released on 2013-12-18 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the experience of workers in developing countries during the global financial crisis of 2009, asseses the recovery, and provides new evidence on the policy response that countries undertook in response to the crisis.
Download or read book Crises Labor Market Policy and Unemployment written by Mr.Lorenzo E. Bernal-Verdugo and published by International Monetary Fund. This book was released on 2012-03-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term.
Download or read book Financial Crisis Labour Markets and Institutions written by Sebastiano Fadda and published by Routledge. This book was released on 2013-02-11 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to explain the global financial crisis and its wider economic, political, and social repercussions, arguing that the 2007-9 meltdown was in fact a systemic crisis of the capitalist system. The volume makes these points through the exploration of several key questions: What kind of institutional political economy is appropriate to explain crisis periods and failures of crisis-management? Are different varieties of capitalism more or less crisis-prone, and can the global financial crisis can be attributed to one variety more than others? What is the interaction between the labour market and the financialization process? The book argues that each variety of capitalism has its own specific crisis tendencies, and that the uneven global character of the crisis is related to the current forms of integration of the world market. More specifically, the 2007-09 economic crisis is rooted in the uneven income distribution and inequality caused by the current financial-led model of growth. The book explains how the introduction of more flexibility in the labour markets and financial deregulation affected everything from wages to job security to trade union influence. Uneven income distribution and inequality weakened aggregate demand and brought about structural deficiencies in aggregate demand and supply. It is argued that the process of financialization has profoundly changed how capitalist economies operate. The volume posits that financial globalization has given rise to growing international imbalances, which have allowed two growth models to emerge: a debt-led consumption growth model and an export-led growth model. Both should be understood as reactions to the lack of effective demand due to the polarization of income distribution.
Download or read book East Asian Labor Markets and the Economic Crisis written by Gordon Betcherman and published by World Bank Publications. This book was released on 2001 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the impacts of the Asian economic crisis on the labor market, examining how various countries respondedIt identifies the labour policy reforms needed in areas of unemployment benefit, active labour market programs, support for vulnerable groups and social dialogue.
Download or read book To Fire or to Hoard Explaining Japan s Labor Market Response in the Great Recession written by Mr.Masato Nakane and published by International Monetary Fund. This book was released on 2011-01-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by international standards and small relative to the large output shock. This paper explores Japan’s cyclical labor market response to the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising over time with the increasing importance of the non-regular workforce; (ii) the labor market response was consistent with historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage system, and a corporate governance structure that places workers rights above shareholders.
Download or read book Labor Markets and Labor Market Policies Between Globalization and World Economic Crisis written by Toshihiko Hozumi and published by . This book was released on 2010 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication focuses on studies on Japan and Germany, as well as on comparative studies. The consequences of globalization and of the world economic and financial crisis are the recurrent theme: How did the labor markets cope with the crisis and what are the resulting challenges for labor market policy and social policy? On the brink of a global employment crisis following the global financial and economic crisis, this pub-lication analyzes the development of labor markets and labor market policies in two countries which during the second half of the 20th century were among the most suc-cessful in terms of economic growth and social inclusion. The recent history of labor markets and labor market policies in Germany and Japan can be divided into four phases: (1) a phase of strong institutional co-ordination of labor markets before the on-set of globalization, (2) the emergence of an employment crisis related to both the chal-lenges of globalization and to nation-specific factors, notably the burst of the real estate speculation bubble in Japan and reunification in Germany, (3) since 2003 an attempt to solve the employment crisis by a market-optimistic approach, and (4) finally new chal-lenges arising from the Global Financial and Economic Crisis of 2009. This book is the outcome of the conference "The flexibilization of labor markets between globaliza-tion and the global economic crisis: Comparing Japan and Germany" which was held at the Bremen University of Applied Sciences in June 2009.
Download or read book The Economy Crises and the Labor Market written by and published by . This book was released on 2010 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Redistribution Recession written by Casey B. Mulligan and published by Oxford University Press. This book was released on 2012-11-02 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Redistribution, or subsidies and regulations intended to help the poor, unemployed, and financially distressed, have changed in many ways since the onset of the recent financial crisis. The unemployed, for instance, can collect benefits longer and can receive bonuses, health subsidies, and tax deductions, and millions more people have became eligible for food stamps. Economist Casey B. Mulligan argues that while many of these changes were intended to help people endure economic events and boost the economy, they had the unintended consequence of deepening-if not causing-the recession. By dulling incentives for people to maintain their own living standards, redistribution created employment losses according to age, skill, and family composition. Mulligan explains how elevated tax rates and binding minimum-wage laws reduced labor usage, consumption, and investment, and how they increased labor productivity. He points to entire industries that slashed payrolls while experiencing little or no decline in production or revenue, documenting the disconnect between employment and production that occurred during the recession. The book provides an authoritative, comprehensive economic analysis of the marginal tax rates implicit in public and private sector subsidy programs, and uses quantitative measures of incentives to work and their changes over time since 2007 to illustrate production and employment patterns. It reveals the startling amount of work incentives eroded by the labyrinth of new and existing social safety net program rules, and, using prior results from labor economics and public finance, estimates that the labor market contracted two to three times more than it would have if redistribution policies had remained constant. In The Redistribution Recession, Casey B. Mulligan offers hard evidence to contradict the notion that work incentives suddenly stop mattering during a recession or when interest rates approach zero, and offers groundbreaking interpretations and precise explanations of the interplay between unemployment and financial markets.
Download or read book Unequal Burden written by Lourdes Beneria and published by Westview Press. This book was released on 1992-08-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt crisis and global economic changes of the 1980s caused Third World nations to restructure economic policies, community resources, the labor market, and intra-household divisions of labor. These changes swelled the ranks of the unemployed, the poor, and the malnourished. Women, in particular, were affected negatively by processes of structural adjustment because they represent a disproportionate share of the world's poor, are increasingly represented among low-wage workers, and are forced to balance wage work with subsistence and domestic production in meeting household needs. Using country-based studies, this text offers new perspectives on the consequences of economic crisis in terms of changing state practices and household and family organization, patterns of resource allocation, and women's work.
Download or read book Workers in Hard Times written by Leon Fink and published by University of Illinois Press. This book was released on 2014-02-15 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seeking to historicize the 2007-2009 Great Recession, this volume of essays situates the current economic crisis and its impact on workers in the context of previous abrupt shifts in the modern-day capitalist marketplace. Contributors use examples from industrialized North America, South America, Europe, Asia, and Australia to demonstrate how workers and states have responded to those shifts and to their disempowering effects on labor. Since the Industrial Revolution, contributors argue, factors such as race, sex, and state intervention have mediated both the effect of economic depressions on workers' lives and workers' responses to those depressions. Contributors also posit a varying dynamic between political upheaval and economic crises, and between workers and the welfare state. The volume ends with an examination of today's "Great Recession": its historical distinctiveness, its connection to neoliberalism, and its attendant expressions of worker status and agency around the world. A sobering conclusion lays out a likely future for workers--one not far removed from the instability and privation of the nineteenth century. The essays in this volume offer up no easy solutions to the challenges facing today's workers. Nevertheless, they make clear that cogent historical thinking is crucial to understanding those challenges, and they push us toward a rethinking of the relationship between capital and labor, the waged and unwaged, and the employed and jobless. Contributors are Sven Beckert, Sean Cadigan, Leon Fink, Alvin Finkel, Wendy Goldman, Gaetan Heroux, Joseph A. McCartin, David Montgomery, Edward Montgomery, Scott Reynolds Nelson, Melanie Nolan, Bryan D. Palmer, Joan Sangster, Judith Stein, Hilary Wainright, and Lu Zhang.
Download or read book Labor Markets and Labor Market Policies Between Globalization and World Economic Crisis written by Toshihiko Hozumi and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Crisis of Global Youth Unemployment written by Tamar Mayer and published by Routledge. This book was released on 2018-09-21 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the economic and financial crisis of 2008, the proportion of unemployed young people has exceeded any other group of unemployed adults. This phenomenon marks the emergence of a laborscape. This concept recognizes that, although youth unemployment is not consistent across the world, it is a coherent problem in the global political economy. This book examines this crisis of youth unemployment, drawing on international case studies. It is organized around four key dimensions of the crisis: precarity, flexibility, migration, and policy responses. With contributions from leading experts in the field, the chapters offer a dynamic portrait of unemployment and how this is being challenged through new modes of resistance. This book provides cross-national comparisons, both ethnographic and quantitative, to explore the contours of this laborscape on the global, national, and local scales. Throughout these varied case studies is a common narrative from young workers, families, students, volunteers, and activists facing a new and growing problem. This book will be an imperative resource for students and researchers looking at the sociology of globalization, global political economy, labor markets, and economic geography.
Download or read book Who Loses in the Downturn written by Herwig Immervoll and published by Emerald Group Publishing. This book was released on 2011-04-15 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains fresh knowledge on the effects of the economic downturn on employment and income distribution. This title also contains research papers offering fresh insights into issues such as how wages, employment and incomes are affected by the crisis, which demographic groups are most vulnerable in the recession, and more.
Download or read book Foreign Exchange Value of the Dollar written by and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Global Economic Crisis written by Larry Allen and published by Reaktion Books. This book was released on 2013-06-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Greece scrambling to meet Eurozone austerity measures to America’s sluggish job growth, there is every indication that the world has not recovered from the economic implosion of 2008. And for many of us, the details of what led to the recession—and why it has continued—remain murky. Economic historian Larry Allen clears up the subject in The Global Economic Crisis, offering an insightful and nonpartisan chronology of events and their consequences. Illuminating the interlocked economic processes that lay beneath the crisis, he analyzes the changing nature of the global financial system, central bank policies, housing bubbles, deregulation, sovereign debt crises, and more. Allen begins the timeline with the economic crisis in Japan in the late 1990s, asking whether Japan’s experience could be an indicator of the outcome of the recession and what it can teach us about managing a sluggish economy. He then takes a comparative look at the economies of Brazil, China, and India. Throughout, he argues that many elements have contributed to the ongoing crisis, including the introduction of the euro, the growth of new financial instruments such as securitization, collateralized debt obligations and credit default swaps, interest rate policies, and the housing boom and subprime mortgage fiasco. Lucid and informative, The Global Economic Crisis provides an impartial explanation to anyone seeking to understand the current state—and future—of the world’s economy.
