Author: Beata Woźniak-Jęchorek
Publisher: Routledge
ISBN: 1000202410
Category : Business & Economics
Languages : en
Pages : 318
Get Book
Book Description
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.
Author: Stephen Nickell
Publisher:
ISBN:
Category : Condiciones economicas
Languages : en
Pages : 88
Get Book
Book Description
Author: Gilles Saint-Paul
Publisher: Oxford University Press
ISBN: 0198293321
Category : Business & Economics
Languages : en
Pages : 289
Get Book
Book Description
According to most orthodox economists, labour market rigidities are the key culprit for such high unemployment as has been observed in Europe during the past three decades. But governments that have attempted to follow the standard prescription of removing rigidities have often faced harsh political opposition. This book looks at why labour market institutions such as employment protection, unemployment benefits, and relative wage rigidities exist, what role they play in society, why they seem so persistent, where the pressure to reform them comes from, and whether reform can be politically viable or not. The book ascribes a central role to the existence of underlying microeconomic frictions and to redistributive pressures between rich and poor, and shows how these ingredients may give rise to labour market rents, which in turn explain why a coherent set of rigidities arise as the outcome of the political process. It is also shown that, at the same time, such rents create resistance to reform, and contribute to locking society into a high-unemployment, rigid equilibrium. Finally, the basic principles exposed in the book are used to discuss various strategies for a successful labour market reform.
Author: Richard Barry Freeman
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 52
Get Book
Book Description
The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory factor for the divergent economic performance of countries and reviews what economists have learned about the effects of these institutions on economic outcomes. It identifies three ways in which institutions affect economic performance: by altering incentives, by facilitating efficient bargaining, and by increasing information, communication, and trust. The evidence shows that labor institutions reduce the dispersion of earnings and income inequality, which alters incentives, but finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the cross-country data on which most studies focus, the paper argues for increased use of micro-data, simulations, and experiments to illuminate how labor institutions operate and affect outcomes.
Author: Gunther Schmid
Publisher: Routledge
ISBN: 1315483319
Category : Business & Economics
Languages : en
Pages : 299
Get Book
Book Description
The outcome of three years of research on the role of institutions in labor markets at the research unit Labor Market Policy and Employment of the Social Science Research Center Berlin, these seven contributions were originally presented at a conference in December 1992 before a group of experts i
Author: Yu-Fu Chen
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 32
Get Book
Book Description
Author: Alfonso Arpaia
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 68
Get Book
Book Description
Author: Thierry Tressel
Publisher: World Bank Publications
ISBN:
Category : Industrial productivity
Languages : en
Pages : 31
Get Book
Book Description
Scarpetta and Tressel present empirical evidence on the determinants of industry-level multifactor productivity growth. They focus on "traditional factors," including the process of technological catch up, human capital, and research and development (R & D), as well as institutional factors affecting labor adjustment costs. Their analysis is based on harmonized data for 17 manufacturing industries in 18 industrial economies over the past two decades. The disaggregated analysis reveals that the process of technological convergence takes place mainly in low-tech industries, while in high-tech industries, country leaders tend to pull ahead of the others. The link between R & D activity and productivity also depends on technological characteristics of the industries: while there is no evidence of R & D boosting productivity in low-tech industries, the effect is strong in high-tech industries, but the technology leaders tend to enjoy higher returns on R & D expenditure compared with followers. There is also evidence in the data that high labor adjustment costs (proxied by the strictness of employment protection legislation) can have a strong negative impact on productivity. In particular, when institutional settings do not allow wages or internal training to offset high hiring and firing costs, the latter reduce incentives for innovation and adoption of new technologies, and lead to lower productivity performance. Albeit drawn from the experience of industrial countries, this result may have relevant implications for many developing economies characterized by low relative wage flexibility and high labor adjustment costs. This paper--a joint product of the Social Protection Team, Human Development Network, World Bank, and the International Monetary Fund--is part of a larger effort to understand what drives productivity growth.
Author: Lambert van der Laan
Publisher: Routledge
ISBN: 0429766971
Category : Business & Economics
Languages : en
Pages : 324
Get Book
Book Description
First published in 1998, this volume examines the performance of labour markets against the background of different economic and institutional settings in Western and Eastern Europe. The book gives a clear picture of the mosaic of impressive transformations presently taking place in Western and Eastern European labour markets and provides access to information which was previously either widely dispersed or non-existent. The book gives detailed information about how countries and regions deal with transformations described. The substantive country-wide and regional diversity that is discussed allows the reader to understand the role of labour and institutions in the development of countries and regions. The book is written by labour market and regional experts from the various countries concerned.
Author: Mr.Romain A Duval
Publisher: International Monetary Fund
ISBN: 1498315208
Category : Business & Economics
Languages : en
Pages : 58
Get Book
Book Description
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.
