Download or read book Why Deregulate Labour Markets written by Gøsta Esping-Andersen and published by Oxford University Press. This book was released on 2000 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions from economists & political scientists, this text takes a hard look at the empirical connections between unemployment & regulation in Europe today, utilising both in-depth nation analyses & broader international comparisons.
Download or read book The Impact of Labour Market Deregulation written by C. Gorter and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labour Market Regulation and Deregulation in Asia written by Caroline Brassard and published by Academic Foundation. This book was released on 2006 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at the Conference on Regulation, Deregulation and Reregulation, held at Singapore during 22-24 March 2004.
Download or read book Challenging the Market written by International Working Group on Labour Market Regulation and Deregulation and published by McGill-Queen's Press - MQUP. This book was released on 2004 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: For two decades economic and social policy in most of the world has been guided by the notion that economies function best when they are fully exposed to competitive market forces. In labour market policy, this approach is reflected in the widespread emphasis on flexibility - a euphemism for the retrenchment of income support and social security, the relaxation of labour market regulations, and the enhanced power of private actors to determine the terms of the employment relationship. These strategies have had marked effects on labour market outcomes, leading to greater vulnerability and polarization - and not always in ways that enhance worker-centred flexibility. The authors offer a more balanced analysis of the functioning and effects of labour market regulation and deregulation. By questioning the underpinnings of the flexibility paradigm, and revealing its often damaging impacts (on different countries, sectors, and constituencies), they challenge the conclusion that unregulated market forces produce optimal labour market outcomes. The authors conclude with several suggestions for how labour policy could be reformulated to promote both efficiency and equity.
Download or read book Employment Protection Deregulation and Labor Shares in Advanced Economies written by Gabriele Ciminelli and published by International Monetary Fund. This book was released on 2018-08-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver of the decline in labor shares that took place across most advanced economies since the early 1990s. This paper assesses the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly constructed dataset of major reforms to employment protection legislation for regular contracts. We apply the local projection method to estimate the dynamic response of the labor share to our reform events at both the country and the country-industry levels. For the latter, we employ a differences-in-differences identification strategy using two identifying assumptions grounded in theory—namely that job protection deregulation should have larger negative effects in industries characterized by (i) a higher “natural” propensity to adjust the workforce, and (ii) a lower elasticity of substitution between capital and labor. We find a statistically significant, economically large and robust negative effect of deregulation on the labor share. In particular, illustrative back-of-the-envelope calculations suggest that job protection deregulation may have contributed about 15 percent to the average labor share decline in advanced economies. Together with existing evidence regarding the macroeconomic gains from job protection and other labor market reforms, our results also point to the need for policymakers to address efficiency-equity trade-offs when designing such reforms.
Download or read book Greening Industries and Creating Jobs written by Bela Galgoczi and published by ETUI. This book was released on 2012 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the objective of a resource-efficient low carbon economy is to be reached and how the transition is managed are the key issues addressed by this publication. The two main focuses are industrial policy and employment prospects on the road to a green economy that retains its industrial base. Any lasting recovery of the real economy will necessarily take the shape of a more resource-efficient production model. While we argue that only a more ambitious and comprehensive European climate policy framework would have a chance of delivering the broader 2050 climate targets, this does not mean that Europe has to give up its industrial base and its related competences. Several chapters of this book argue that the option of attaining a low-carbon economy through ‘deindustrialisation’ would prevent Europe from preserving its competitiveness and knowledge base, which are also essential for exploiting the potential of the emerging eco-industry. While decoupling economic growth from resource use is also possible with an industrial base that is more energy-and resource-efficient, this does require a fundamental shift in terms of how the economy is managed and how business decisions are made. Sustainable industrial and structural policies are needed also in order to ensure that this revolutionary process takes place in a socially balanced manner.
Download or read book The Impact of Labour Market Deregulation written by Cornelis Gorter and published by . This book was released on 1999 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Critical Notes on Labour Market Deregulation written by John Edward King and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Job Protection Deregulation in Good and Bad Times written by Mr.Romain A Duval and published by International Monetary Fund. This book was released on 2017-12-14 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the short-term employment effect of deregulating job protection for regular workers and how it varies with prevailing business cycle conditions. We apply a local projection method to a newly constructed “narrative” dataset of major regular job protection reforms covering 26 advanced economies over the past four decades. The analysis relies on country-sector-level data, using as an identifying assumption the fact that stringent dismissal regulations are more binding in sectors that are characterized by a higher “natural” propensity to regularly adjust their workforce. We find that the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the economy at the time of reform——they are positive in an expansion, but become negative in a recession. These findings are consistent with theory, and are robust to a broad range of robustness checks including an Instrumental Variable approach using political economy drivers of reforms as instruments. Our results provide a case for undertaking job protection reform in good times, or for designing it in ways that enhance its short-term impact.
Download or read book The Distributional Effects of Labour Market Deregulation written by Marco Amendola and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1980s, most of the advanced economies have massively 'flexibilized' their labour markets by reducing protection against layoffs or introducing temporary and flexible contractual forms. Meanwhile, a stylized fact of economic theory has come undone, namely the stability of the wage share of income. Indeed, despite some criticism of possible measurement errors, there is a substantial consensus on the decreasing trends in the labour share. In this contribution, we empirically evaluate whether the two phenomena are causally linked, by investigating the impact of changes in the regulation of fixed-term contracts on functional distribution. Using Jorda's local projection method in a panel of 18 advanced countries in the period 1985-2019, we find that reforms that deregulate fixed-term contracts consistently reduce the wage share.
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Download or read book Labor and Product Market Reforms and External Imbalances Evidence from Advanced Economies written by Mr.Romain A Duval and published by International Monetary Fund. This book was released on 2021-02-26 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore the impact of major labor and product market reforms on current account dynamics using a new “narrative” database of major changes in employment protection for regular workers and product market regulation for non-manufacturing industries covering 26 advanced economies over the past four decades. Our main finding is that product market deregulation is associated with a weakening of the current account, while labor market deregulation is associated with an improvement. These effects are transitory and driven by both saving and investment responses. Labor and product market reforms both have a more positive impact on the current account balance when implemented under weak macroeconomic conditions. Our results are broadly consistent with predictions from recent DSGE models with endogenous producer entry and labor market frictions.
Download or read book Labour Market Deregulation written by Russell D. Lansbury and published by Federation Press. This book was released on 2005 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keith Hancock is honoured and celebrated in this work, following the significant contributions he made not only to academic research and teaching, but also to the practice of industrial relations, through the various roles he held as Professor, Vice-Chancellor, Senior Deputy President of the Australian Industrial Relations Commission and author of major government reviews and inquiries.The workshop held in his honour included a number of commentators. More specifically, the following issues arising from the papers were actively debated:Whether a decentralised and less regulated labour marketing is a necessary condition for meeting the requirements of global competition The effects of labour market deregulation on employment and the nature of employment on income distribution on wage inequality, on productivity, on work stress and on job satisfaction The consequences of labour market deregulation for Australians' work/care regime The impact of labour market deregulation on trade unions Whether macro-economic, policy has been unduly restrained by the risk of inflation in a deregulated labour market How labour market deregulation has affected industrial relations as a field of study and research, and How the nature of rights and obligations of employers, employees and unions have been affected by the changes in labour market regulation. Contributors include Keith Hancock, Ron McCallum, Barbara Pocock, Peter Saunders, Ron Callus, Sue Richardson, RG Gregory, Rae Cooper and Willy Brown.
Download or read book Law and Employment written by James J. Heckman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Download or read book Globalization and Labour in the Asia Pacific written by John Benson and published by Routledge. This book was released on 2018-12-07 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and labour market deregulation have had an impact on employment and workers, and brought pressure to bear on trade unions. This study looks at the challenges of globalization and deregulation in the Asia Pacific, and possible responses to them in a variety of ways.
Download or read book Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets written by Olivier Blanchard and published by . This book was released on 2001 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with strong distribution and dynamic effects. The transition may imply the decline of incumbent firms. Unemployment may increase for a while. Real wages may decrease before recovering, and so on. To study these issues, we build a model based on two central assumptions: Monopolistic competition in the goods market, which determines the size of rents; and bargaining in the labor market, which determines the distribution of rents between workers and firms. We then think of product market regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor market regulation as determining the bargaining power of workers. Having characterized the effects of labor and product market deregulation, we then use our results to study two specific issues. First, to shed light on macroeconomic evolutions in Europe over the last twenty years, in particular on the behavior of the labor share. Second, to look at political economy interactions between product and labor market deregulation.
Download or read book Labour Market Deregulation and the Decline of Labour Power in North America and Western Europe written by John Peters and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this article is to provide a critical evaluation of what has happened to organized labour and labour markets since 1980. It examines the impacts of labour market deregulation on wage share and pay standardization. It also explores how recent economic changes have weakened organized labour and eroded wage setting and social corporatism. The argument is made that contemporary institutional and 'Varieties of Capitalism' perspectives on labour market reform have overstated the power of states, institutions, and organized interests in deflecting global economic pressures. Drawing on a range of recent OECD statistics and qualitative studies, it is claimed that current labour deregulation policies and labour market reforms mark a fundamental break with post-war developments, and represent a reassertion of the power of capital ownership over organized labour and labour markets across North America and Western Europe. It assesses how far this reversal in power has gone by focusing on changes in four key variables: (i) job quality, (ii) wage share, (iii) pay standardization and income equality, and (iv) the effectiveness of wage setting institutions in allowing unions to bring bargaining pressure on capital. This is the first study to report on comparative changes and qualitative reforms to these labour market variables in 13 OECD countries between 1970 and the 25-year period 1980-2005.
