Labor Market Flexibility in 13 Latin American Countries and the United States

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Publisher : World Bank Publications
ISBN 13 : 9780821344897
Total Pages : 78 pages
Book Rating : 4.3/5 (448 download)

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Book Synopsis Labor Market Flexibility in 13 Latin American Countries and the United States by : José Antonio González Anaya

Download or read book Labor Market Flexibility in 13 Latin American Countries and the United States written by José Antonio González Anaya and published by World Bank Publications. This book was released on 1999-01-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Once again, the quick capacity to overcome economic difficulties in 1995 was insufficient to mark improvements on the labor field." -ILO-Latin America, Editorial, "Labor Outlook 1996" For the first time, this volume compares labor market flexibility across countries in Latin America and the United States. The study uses two performance variables, a price variable measured by real wages and a quantity variable measured alternatively by either employment or unemployment. This paper looks into the structural relationship between output and these variables across 13 countries in Latin America and the United States for the last 20-30 years as a way of measuring the ability of the labor market to absorb output shocks.

Labor Markets in Latin America

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 9780815723240
Total Pages : 366 pages
Book Rating : 4.7/5 (232 download)

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Book Synopsis Labor Markets in Latin America by : Sebastian Edwards

Download or read book Labor Markets in Latin America written by Sebastian Edwards and published by Brookings Institution Press. This book was released on 2001-06-29 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the rules that govern labor markets in Latin America (and elsewhere) raise labor costs, create barriers to entry, and introduce rigidities in the employment structure. These include the exceedingly restrictive regulations on hiring and firing practices, as well as burdensome social insurance schemes. Such labor market regulations contribute to an over-expansion of precarious forms of employment and to rural poverty, and hinder countries from responding rapidly to new challenges from increased foreign competition. At the same time, other norms can reduce costs and raise productivity; they should be kept in place and their enforcement improved. For example, some occupational health and safety standards lower medical costs and save lives. One may also want to keep legislation aimed at providing a minimum social insurance for unemployment, old age, sickness, and disabilities. In practice, the most common decision that governments confront is not whether to intervene but to choose among different forms of intervention. This volume provides analysts and policymakers with useful insights on this issue. Part I addresses labor market institutions in a broader context, such as collective bargaining arrangements, minimum wages and poverty, and optimal unemployment insurance schemes. Part II analyzes labor market performance in Latin America, the links between performance and labor market regulations, and the status of labor market reform in the region. These questions are addressed for the region as a whole and in great detail for Argentina, Brazil, Chile, Mexico, and Colombia. The book provides a comprehensive description of the existing labor institutions in Latin America, the problems they pose, and the trends in labor market reforms as well as the difficulties encountered by the reform process in specific cases. In addition to the editors, the contributors are Edward Amadeo, Jose Marcio Camargo, Alejandra Cox Edwards, Rene Cortazar, Enriqu

Law and Employment

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Publisher : University of Chicago Press
ISBN 13 : 0226322858
Total Pages : 585 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Law and Employment by : James J. Heckman

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.

Economic Integration in Latin America

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Publisher :
ISBN 13 : 9789221110903
Total Pages : 54 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Economic Integration in Latin America by : John Weeks

Download or read book Economic Integration in Latin America written by John Weeks and published by . This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Good Jobs Wanted

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Publisher : IDB
ISBN 13 : 9781931003506
Total Pages : 330 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Good Jobs Wanted by : Inter-American Development Bank

Download or read book Good Jobs Wanted written by Inter-American Development Bank and published by IDB. This book was released on 2003 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation There is a widespread perception that the structural reforms implemented in Latin America in the 1990s have failed to spur employment growth. This perception is fueled by rising unemployment, slow wage growth, rising wage inequalities and a heightened sense of economic insecurity. This year's edition of Economic and Social Progress in Latin America investigates whether this disappointing outcome can be explained by an abnormal adjustment to rapid changes in goods and capital markets, increased female participation in the workplace, technological change, and secular changes in the sector composition of output. In particular, the book examines whether there are important demands for change that are being thwarted by inappropriate institutions and rigidities. The report documents unemployment and underemployment, employment creation and destruction, productivity growth, and the wage level and inequality. It includes a CD-ROM with data on labor markets in the region.

More Work to Do? Taking Stock of Latin American Labor Markets

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498302785
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis More Work to Do? Taking Stock of Latin American Labor Markets by : Mr.Antonio David

Download or read book More Work to Do? Taking Stock of Latin American Labor Markets written by Mr.Antonio David and published by International Monetary Fund. This book was released on 2019-03-08 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the performance of labor markets in Latin America since the late 1990s. Strong GDP growth during the commodity boom period led to important gains in employment and a fall in the unemployment rate as labor demand outpaced an increasing labor supply. We emphasize the role of informality in the dynamics of labor markets in Latin America. A re-examination of Okun’s law shows that informality dampens changes in unemployment accompanying output fluctuations. Moreover, we present some evidence that countries with higher redundancy costs and cumbersome dismissal regulations, exhibit “excess” informality over and above what would be expected based on their income and educational levels. Labor market reforms could thus contribute to reducing informality and increasing the responsiveness of labor markets to output growth. However, looking at selected case studies of reforms using the synthetic control method, we find mixed results in terms of labor market outcomes.

Job Creation in Latin America and the Caribbean

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Publisher : World Bank Publications
ISBN 13 : 0821380257
Total Pages : 484 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Job Creation in Latin America and the Caribbean by : Carmen Pag s

Download or read book Job Creation in Latin America and the Caribbean written by Carmen Pag s and published by World Bank Publications. This book was released on 2009-06-19 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than a decade has passed since the introduction of comprehensive macroeconomic stabilization packages and trade, fiscal, and financial market reforms in Latin America and the Caribbean. However, growth prospects remain disappointing; labor markets show lackluster performance, with low participation rates, high and persistent informality, and, in some cases, open unemployment. Creating viable and lasting employment is vital to reduce poverty and spread prosperity in the region. The failure to create more and more productive and rewarding jobs carries substantial political, social, and economic costs. 'Job Creation in Latin America and the Caribbean: Recent Trends and Policy Challenges' provides a thorough examination of the labor market trends in the region in recent decades and assesses the role that labor demand and labor supply factors have played in shaping these outcomes.

Labor Markets in Latin America

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Publisher : Brookings Inst Press
ISBN 13 : 9780815721062
Total Pages : 334 pages
Book Rating : 4.7/5 (21 download)

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Book Synopsis Labor Markets in Latin America by : Sebastian Edwards

Download or read book Labor Markets in Latin America written by Sebastian Edwards and published by Brookings Inst Press. This book was released on 1997 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a comprehensive description of the existing labor institutions in Latin America, the problems they pose, and the trends in labor market reforms as well as the difficulties encountered by the reform process in specific cases.

Labor Market Dynamics, Informality and Regulations in Latin America

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513523759
Total Pages : 27 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Labor Market Dynamics, Informality and Regulations in Latin America by : Mr.Antonio David

Download or read book Labor Market Dynamics, Informality and Regulations in Latin America written by Mr.Antonio David and published by International Monetary Fund. This book was released on 2020-01-31 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor markets in Latin America and the Caribbean (LAC) are characterized by high levels of informality and relatively rigid regulation. This paper shows that these two features are related and together make the speed of adjustment of employment to shocks slower, especially when regulations are tightly enforced. Evidence suggests that strict labor market regulations also have an adverse effect on medium-term growth. While both regulations on prices (minimum wages) and quantities (employment protection) decrease the speed of adjustment to shocks, they appear to be binding in different phases of the cycle—the former affects mostly the (net) job creation margin and the latter the (net) job destruction margin. The results also highlight possible interactions between labor market regulations and the effectiveness of macro-stabilization tools—including exchange rate depreciation.

Monetary Policy and Macroeconomic Stabilization in Latin America

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3540282017
Total Pages : 261 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Monetary Policy and Macroeconomic Stabilization in Latin America by : Rolf J. Langhammer

Download or read book Monetary Policy and Macroeconomic Stabilization in Latin America written by Rolf J. Langhammer and published by Springer Science & Business Media. This book was released on 2007-08-07 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America is a very important region of the globe, which has been buffeted by successive waves of economic instability within the last decades. These waves have caused several episodes of hyperinflation or near hyperinflation, and several currency and financial crises, which, in certain moments, have even spilled over and affected other emerging markets. This has resulted in huge costs in terms of lost potential growth, and, as is inevitable, the markets most affected by this have been the least capable of defending themselves. In a region plagued by still considerable rates of social exclusion, with some of the highest rates of income concentration in the whole globe, the human costs of these crises have been very substantial. Starting in the early 1990s, the slow implementation of reforms, plus the resumption of more sustained growth—to a substantial degree linked to the increase in commodity prices, especially since the early 2000s—seems to have resulted in a more stable situation. Initially, in early reformers like Chile, later in the larger economies of the region, like Brazil and Mexico, a consensus— embraced by both sides of the political spectrum—towards integration in global markets, both in their trade and financial components, floating exchange rates, independent monetary authorities, and sustainable fiscal policies has emerged.

Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513508083
Total Pages : 36 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America by : Adriana D. Kugler

Download or read book Impacts of Labor Market Institutions and Demographic Factors on Labor Markets in Latin America written by Adriana D. Kugler and published by International Monetary Fund. This book was released on 2019-07-17 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents recent labor market performance in the Latin American region. The paper shows that unemployment, informality, and inequality have been falling over the past two decades, though still remain high. By contrast, productivity has remained stubbornly low. The paper, then, turns to the potential impacts of various labor market institutions, including employment protection legislation (EPL), minimum wages (MW), payroll taxes, unemployment insurance (UI) and collective bargaining, as well as the impacts of demographic changes on labor market performance. The paper relies on evidence from carefully conducted studies based on micro-data for countries in the region and for other countries with similar income levels to draw conclusions on the impact of labor market institutions and demographic factors on unemployment, informality, inequality and productivity. The decreases in unemployment and informality can be partly explained by the reduced strictness of EPL and payroll taxes, but also by the increased shares of more educated and older workers. By contrast, the fall in inequality starting in 2002 can be explained by a combination of binding MW throughout most of the region and, to a lesser extent, by the introduction of UI systems in some countries and the role of unions in countries with moderate unionization rates. Falling inequality can also be explained by the fall in the returns to skill associated with increased share of more educated and older workers.

Politics of Labor Reform in Latin America

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Publisher : Penn State Press
ISBN 13 : 0271045485
Total Pages : 249 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Politics of Labor Reform in Latin America by : Maria Lorena Cook

Download or read book Politics of Labor Reform in Latin America written by Maria Lorena Cook and published by Penn State Press. This book was released on 2010-11-01 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monthly Labor Review

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Publisher :
ISBN 13 :
Total Pages : 436 pages
Book Rating : 4.:/5 (6 download)

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Book Synopsis Monthly Labor Review by : United States. Bureau of Labor Statistics

Download or read book Monthly Labor Review written by United States. Bureau of Labor Statistics and published by . This book was released on 2000 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Labor Politics in Latin America

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Publisher : University Press of Florida
ISBN 13 : 1683400569
Total Pages : 275 pages
Book Rating : 4.6/5 (834 download)

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Book Synopsis Labor Politics in Latin America by : Paul W. Posner

Download or read book Labor Politics in Latin America written by Paul W. Posner and published by University Press of Florida. This book was released on 2018-08-14 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, Latin American countries have sought to modernize their labor market institutions to remain competitive in the face of increasing globalization. This book evaluates the impact of such neoliberal reforms on labor movements and workers’ rights in the region through comparative analyses of labor politics in Chile, Mexico, Argentina, Brazil, and Venezuela. Using these five key cases, the authors assess the capacity of workers and working-class organizations to advance their demands and bring about a more just distribution of economic gains in an era in which capital has reasserted its power on a global scale. In particular, their findings challenge the purported benefits of labor market flexibility—the freedom of employers to adjust their workforces as needed—which has been touted as a way to reduce income inequality and unemployment. In-depth case studies show how flexibilization as well as privatization, trade liberalization, and economic deregulation have undermined organized labor in all of these countries, leading to the current internal fragmentation of unions and their inability to promote counterreforms or increase collective bargaining. This assessment concludes that even with substantial variation among countries in how reforms have been implemented, most workers in the region have experienced increasing precarity, informal employment, and weaker labor movements. This book provides vital insights into whether these movements have the potential to regain influence and represent working people’s interests effectively in the future.

Labor and Economic Reforms in Latin America and the Caribbean

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821333488
Total Pages : 44 pages
Book Rating : 4.3/5 (334 download)

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Book Synopsis Labor and Economic Reforms in Latin America and the Caribbean by :

Download or read book Labor and Economic Reforms in Latin America and the Caribbean written by and published by World Bank Publications. This book was released on 1995-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, most countries in the Latin America and Caribbean Region have stabilized their economies and lowered barriers to international trade. Many of the policies aimed at reducing poverty and tackling inequality in the 1960-1980 period were well intentioned, but the region made little or no progress in improving income distribution. With the recent shift toward market orientation and openness to international trade, these countries will need a new approach to labor policy as well as different instruments for addressing income distribution goals. This report gives special attention to four areas of labor policy: 1) change from direct government intervention in wage determination and strict seniority rules to a system that rewards effort, high productivity, and good management within a framework that relies on voluntary negotiation of working conditions between workers and firms; 2) replacement of job security legislation by a more effective mechanism that protects workers when they change jobs; 3) careful design of mandatory contributions to social security and other programs in order to minimize the distortionary effect of labor taxes; and 4) redirecting of government subsidies for training and education to the demand side and targeting to those who cannot afford to pay.

Grenada Investment and Business Guide Volume 1 Strategic and Practical Information

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Author :
Publisher : Lulu.com
ISBN 13 : 1438767676
Total Pages : 257 pages
Book Rating : 4.4/5 (387 download)

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Book Synopsis Grenada Investment and Business Guide Volume 1 Strategic and Practical Information by : IBP USA

Download or read book Grenada Investment and Business Guide Volume 1 Strategic and Practical Information written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Grenada Investment and Business Guide - Strategic and Practical Information

A Decade of Development Thinking

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Publisher : Inter-American Development Bank
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4./5 ( download)

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Book Synopsis A Decade of Development Thinking by : Carmen Pagés

Download or read book A Decade of Development Thinking written by Carmen Pagés and published by Inter-American Development Bank. This book was released on 2004-12-10 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research Department of the IDB (RES) performs innovative, comparative research on the development issues of greatest concern to the region today. It generates a wide variety of products based on this research and disseminates them to three principal audiences: the Bank, policymakers and the academic community. To commemorate its first decade of research, RES compiled a selection of the department's ten most influential papers, published through the Latin American Development Forum, a joint publications venture among the Economic Commission for Latin America and the Caribbean (ECLAC), the IDB, Stanford University Press and the World Bank.