Download or read book Labor Market Institutions and the Cost of Recessions written by Mr.Tom Krebs and published by International Monetary Fund. This book was released on 2017-04-03 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The theoretical analysis shows that an increase in JSA and a reduction in UI reduce the output cost of recessions by making the labor market more fluid along the job finding margin and thus making the economy more resilient to macroeconomic shocks. In contarst, the effect of JSA and UI on the welfare cost of recessions is in general ambiguous. The paper also provides a quantitative appliation to the German labor market reforms of 2003-2005, the so-called Hartz reforms, which improved JSA (Hartz III reform) and reduced UI (Hartz IV reform). According to the baseline calibration, the two labor market reforms led to a substantial reduction in the output cost of recessions and a moderate reduction in the welfare cost of recessions in Germany.

Download or read book Designing Labor Market Institutions in Emerging and Developing Economies written by Mr.Romain A Duval and published by International Monetary Fund. This book was released on 2019-05-21 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

Download or read book Globalization Labour Market Institutions Processes and Policies in India written by K.R. Shyam Sundar and published by Springer. This book was released on 2019-05-14 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the effects of product market and labour market reforms on firms, labour institutions and labour rights in the economic and industrial relations system in India. India has over the years liberalized its economy through a broad range of reforms concerning the product market and complementing these it has also sought to reform the labour market and the industrial relations system. The book assesses the impact of these reforms on both the formal and informal labour markets in India, critically examines the labour processes and uncovers/describes precarious conditions of labour in various industries and occupations, and analyzes the dynamics involved in the making of industrial, employment and labour policies in contemporary India.

Download or read book Reforming Labor and Product Markets written by Tito Boeri and published by International Monetary Fund. This book was released on 2005-05 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper evaluates European structural reforms over the last 20 years, in light of economic theory predictions about interactions between labor and product market reforms. Reforms in labor markets occur at higher frequencies than in product market, which are, however, more coherent. These asymmetries can be explained by the nature of political obstacles to reforms in the two domains. Labor market reforms can exploit institutional trade-offs; notably, reforms can trade labor market flexibility with state-provided unemployment insurance and can be applied only to new entrants in the market without affecting the set of regulations applied to existing workers. These two-tier strategies are infeasible in product markets, since incumbent firms can easily drive away new entrants. In product markets, however, it is possible to shift responsibilities to supranational authorities, resisting pressures of national lobbies.

Download or read book Reforming German Labor Market Institutions a Dual Path to Flexibility written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reforming Labor Market Institutions written by Olivier J. Blanchard and published by . This book was released on 2004 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the characteristics of both optimal and actual unemployment insurance and employment protection. It then sketches potential paths for reforms in both rich and middle-income countries. It reaches three main conclusions:There is a role for both state-provided unemployment insurance and employment protection. In rich countries, one challenge is to combine unemployment insurance with strong incentives for the unemployed to take jobs. Financial incentives are unlikely to be enough at the low end of the wage scale. The other challenge is to redefine employment protection by reducing administrative constraints and judicial intervention, and relying more on financial incentives. In middle-income countries, the main challenge is to move from the current system of high severance payments and employment protection to a system of state-provided unemployment benefits and lower severance payments. Keywords: Unemployment insurance, Employment protection, unemployment benefits, layoff taxes, layoffs, severance payments, informal sector. JEL Classifications: D60, E62, H21, J30, J32, J38, J65.

Download or read book Labour Market Institutions and Productivity written by Beata Woźniak-Jęchorek and published by Routledge. This book was released on 2020-10-25 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the role of formal labour market institutions in keeping the labour utilisation in Central and Eastern Europe above the level characteristic for Western European states. It provides an innovative and enriching take on labour utilisation at large and how various formal labour market institutions can affect the ongoing trend in labour utilisation in a way that is not covered by the extant literature. The impact of labour market institutions on labour market outcomes is analysed throughout 12 chapters, both from a cross-country perspective and in detailed case-studies, by 21 labour market experts from various CEE countries. Most chapters are based on empirical methods yet are presented in an easy-to-follow way in order to make the book also accessible for a non-scientific audience. The volume explores three key questions: How can labour utilisation be increased by labour market institutions? Which CEE countries managed to create a labour market institutional framework beneficial for labour utilisation? How should the labour market institutions in CEE countries be reformed in order to increase labour utilisation? The book argues that the legacy of transition reforms and a centrally planned past is still relevant in explaining common patterns among CEE countries and concludes that increasing the stock of skills accumulated by the employed and improving utilisation of these skills seems to be the first-best solution to increase labour utilisation. The book will be of interest to post-graduate researchers and academics in the fields of labour economics, regional economics, and macroeconomics as well as scholars interested in adopting an institutional analysis approach. Additionally, due to the broader policy implications of the topic, the book will appeal to policymakers and experts interested in labour economics.

Download or read book Emerging Labor Market Institutions for the Twenty First Century written by Richard B. Freeman and published by University of Chicago Press. This book was released on 2007-09-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private sector unionism is in decline in the United States. As a result, labor advocates, community groups, nongovernmental organizations, and individuals concerned with the well-being of workers have sought to develop alternative ways to represent workers' interests. Emerging Labor Market Institutions for the Twenty-First Century provides the first in-depth assessment of how effectively labor market institutions are responding to this drastically altered landscape. This important volume provides case studies of new labor market institutions and new directions for existing institutions. The contributors examine the behavior and impact of new organizations that have formed to solve workplace problems and to bolster the position of workers. They also document how unions employ new strategies to maintain their role in the economic system. While non-union institutions are unlikely to fill the gap left by the decline of unions, the findings suggest that emerging groups and unions might together improve some dimensions of worker well-being. Emerging Labor Market Institutions is the story of workers and institutions in flux, searching for ways to represent labor in the new century.

Download or read book Policy Complementarities written by David T. Coe and published by . This book was released on 1996 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book In Defence of Labour Market Institutions written by J. Berg and published by Springer. This book was released on 2008-02-22 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though labour market regulations have been blamed for the poor economic performance of many developing countries, the evidence on which this argument rests is weak. Through a survey of different labour market institutions in developing countries, this book reaffirms the importance of labour market institutions in this era of globalization.

Download or read book The Italian Labor Market written by Mr.Martin Schindler and published by International Monetary Fund. This book was released on 2009-03-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country perspective, and discusses possible avenues for further reform. The policy discussion draws on international reform experience and on simulations based on a calibrated labor market matching model. A key lesson is that the details of reform design, and the sequencing of reforms, matter greatly for labor market outcomes and for the fiscal costs associated with these reforms.

Download or read book Reforming the Labor Market in a Liberalized Economy written by Gustavo Márquez and published by Idb. This book was released on 1995 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition, countries must produce a transparent atmosphere that depoliticizes contract disputes and negotiations. Finally, they must reform and strengthen institutions responsible for labor policies.

Download or read book Labor Market Institutions and Public Regulation written by Jonas Agell and published by MIT Press. This book was released on 2004 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effect of public regulation on the labor market: detailed analyses of a wide range of policy interventions. The six studies collected in this CESifo volume analyze the sometimes unpredictable effects of public regulation on the labor market. Examining a wide range of policy interventions -- from subsidized employment to an increased tax on capital -- and using a variety of methodologies to analyze them, these contributions by leading scholars of the European labor market will advance the policy debate over regulation at a time of serious labor market problems in Europe and elsewhere. The first three chapters of Labor Market Institutions and Public Regulation present empirical findings, comparing the effects of job training and subsidized employment on the Swedish labor market, analyzing the effect of extended unemployment benefits on unemployment duration for older Austrian workers, and examining poor labor market performance in Spain even after policy reforms. The following chapters take a more theoretical approach, applying the analytical tools of theory to policy issues. These three studies examine the general equilibrium repercussions of public support for both basic and higher education, develop an efficiency wage model to analyze mandated severance pay, and compare different kinds of redistribution to low-skill workers financed by an increased tax on capital.

Download or read book Institutions Ideas and Learning in Welfare State Change written by T. Fleckenstein and published by Springer. This book was released on 2011-02-18 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the transformation of German labour market policy, showing that Germany has departed from the conservative-corporatist path of welfare, especially with the Hartz Legislation of the Red-Green government.

Download or read book Labour Market Reforms in Portugal 2011 15 A Preliminary Assessment written by OECD and published by OECD Publishing. This book was released on 2017-02-21 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report evaluates the comprehensive labour market reforms undertaken in Portugal in 2011-15. It reviews reforms in employment protection legislation, unemployment benefits, activation, collective bargaining, minimum wages and working time, and assesses the available evidence on their impact.

Download or read book Reforming an Insider outsider Labor Market written by Samuel Bentolila and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a case study on reforming a very dysfunctional labour market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter the fundamental features of labour market institutions. While the Great Recession and the start of the sovereign debt crisis triggered two labour reforms, the political economy equilibrium has not allowed them to be transformational enough.

Download or read book The Social Dimensions of Employment written by Antonio Argandoña Rámiz and published by Edward Elgar Publishing. This book was released on 2002 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assesses the complex relationship between the economic and non-economic aspects of labour institutions at various levels. Firstly, the book explores the dilemma which calls for increased flexibility in contractual relationships whilst maintaining the present levels of social protection and job security. The discussion goes on to address the criteria that may provide guidelines for evaluating labour market and social protection system reform policies, and finally, the utility criteria usually used in economic analysis is questioned.