Employment Protection Deregulation and Labor Shares in Advanced Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484373723
Total Pages : 72 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Employment Protection Deregulation and Labor Shares in Advanced Economies by : Gabriele Ciminelli

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.

Jobs with Inequality

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Publisher : University of Toronto Press
ISBN 13 : 1442665122
Total Pages : 399 pages
Book Rating : 4.4/5 (426 download)

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Book Synopsis Jobs with Inequality by : John Peters

Download or read book Jobs with Inequality written by John Peters and published by University of Toronto Press. This book was released on 2022-06-29 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality has skyrocketed in Canada over the past few decades. The rich have become richer, while the average household income has deteriorated and job quality has plummeted. Common explanations for these trends point to globalization, technology, or other forces largely beyond our control. But, as Jobs with Inequality shows, there is nothing inevitable about inequality. Rather, runaway inequality is the result of politics and policies - what governments have done to aid the rich and boost finance and what they have not done to uphold the interests of workers. Drawing on new tax and income data, John Peters tells the story of how inequality is unfolding in Canada today by examining post-democracy, financialization, and labour market deregulation. Timely and novel, Jobs with Inequality explains how and why business and government have rewritten the rules of the economy to the advantage of the few, and considers why progressive efforts to reverse these trends have so regularly run aground.

Greening Industries and Creating Jobs

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Author :
Publisher : ETUI
ISBN 13 : 287452249X
Total Pages : 227 pages
Book Rating : 4.8/5 (745 download)

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Book Synopsis Greening Industries and Creating Jobs by : Bela Galgoczi

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.

Strong Governments, Precarious Workers

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Publisher : Cornell University Press
ISBN 13 : 1501730606
Total Pages : 157 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Strong Governments, Precarious Workers by : Philip Rathgeb

Download or read book Strong Governments, Precarious Workers written by Philip Rathgeb and published by Cornell University Press. This book was released on 2018-12-15 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some European welfare states protect unemployed and inadequately employed workers ("outsiders") from economic uncertainty better than others? Philip Rathgeb’s study of labor market policy change in three somewhat-similar small states—Austria, Denmark, and Sweden—explores this fundamental question. He does so by examining the distribution of power between trade unions and political parties, attempting to bridge these two lines of research—trade unions and party politics—that, with few exceptions, have advanced without a mutual exchange. Inclusive trade unions have high political stakes in the protection of outsiders, because they incorporate workers at risk of unemployment into their representational outlook. Yet, the impact of union preferences has declined over time, with a shift in the balance of class power from labor to capital across the Western world. National governments have accordingly prioritized flexibility for employers over the social protection of outsiders. As a result, organized labor can only protect outsiders when governments are reliant on union consent for successful consensus mobilization. When governments have a united majority of seats, on the other hand, they are strong enough to exclude unions. Strong Governments, Precarious Workers calls into question the electoral responsiveness of national governments—and thus political parties—to the social needs of an increasingly numerous group of precarious workers. In the end, Rathgeb concludes that the weaker the government, the stronger the capacity of organized labor to enhance the social protection of precarious workers.

Labour Market Deregulation

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Publisher : Federation Press
ISBN 13 : 9781862875944
Total Pages : 260 pages
Book Rating : 4.8/5 (759 download)

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Book Synopsis Labour Market Deregulation by : Russell D. Lansbury

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.

Regulation and Deregulation

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Regulation and Deregulation by : Jules Backman

Download or read book Regulation and Deregulation written by Jules Backman and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513570749
Total Pages : 31 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies by : Mr.Romain A Duval

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.

Good Jobs, Bad Jobs

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Publisher : Russell Sage Foundation
ISBN 13 : 1610447476
Total Pages : 309 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Good Jobs, Bad Jobs by : Arne L. Kalleberg

Download or read book Good Jobs, Bad Jobs written by Arne L. Kalleberg and published by Russell Sage Foundation. This book was released on 2011-06-01 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic boom of the 1990s veiled a grim reality: in addition to the growing gap between rich and poor, the gap between good and bad quality jobs was also expanding. The postwar prosperity of the mid-twentieth century had enabled millions of American workers to join the middle class, but as author Arne L. Kalleberg shows, by the 1970s this upward movement had slowed, in part due to the steady disappearance of secure, well-paying industrial jobs. Ever since, precarious employment has been on the rise—paying low wages, offering few benefits, and with virtually no long-term security. Today, the polarization between workers with higher skill levels and those with low skills and low wages is more entrenched than ever. Good Jobs, Bad Jobs traces this trend to large-scale transformations in the American labor market and the changing demographics of low-wage workers. Kalleberg draws on nearly four decades of survey data, as well as his own research, to evaluate trends in U.S. job quality and suggest ways to improve American labor market practices and social policies. Good Jobs, Bad Jobs provides an insightful analysis of how and why precarious employment is gaining ground in the labor market and the role these developments have played in the decline of the middle class. Kalleberg shows that by the 1970s, government deregulation, global competition, and the rise of the service sector gained traction, while institutional protections for workers—such as unions and minimum-wage legislation—weakened. Together, these forces marked the end of postwar security for American workers. The composition of the labor force also changed significantly; the number of dual-earner families increased, as did the share of the workforce comprised of women, non-white, and immigrant workers. Of these groups, blacks, Latinos, and immigrants remain concentrated in the most precarious and low-quality jobs, with educational attainment being the leading indicator of who will earn the highest wages and experience the most job security and highest levels of autonomy and control over their jobs and schedules. Kalleberg demonstrates, however, that building a better safety net—increasing government responsibility for worker health care and retirement, as well as strengthening unions—can go a long way toward redressing the effects of today’s volatile labor market. There is every reason to expect that the growth of precarious jobs—which already make up a significant share of the American job market—will continue. Good Jobs, Bad Jobs deftly shows that the decline in U.S. job quality is not the result of fluctuations in the business cycle, but rather the result of economic restructuring and the disappearance of institutional protections for workers. Only government, employers and labor working together on long-term strategies—including an expanded safety net, strengthened legal protections, and better training opportunities—can help reverse this trend. A Volume in the American Sociological Association’s Rose Series in Sociology.

Wage-Led Growth

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Author :
Publisher : Springer
ISBN 13 : 1137357932
Total Pages : 329 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Wage-Led Growth by : Engelbert Stockhammer

Download or read book Wage-Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Regulating Flexibility

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773576762
Total Pages : 320 pages
Book Rating : 4.7/5 (735 download)

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Book Synopsis Regulating Flexibility by : Mark P. Thomas

Download or read book Regulating Flexibility written by Mark P. Thomas and published by McGill-Queen's Press - MQUP. This book was released on 2009-04-24 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a contemporary labour market that includes growing levels of precarious employment, the regulation of minimum employment standards is intricately connected to conditions of economic security. With a focus on the role of neoliberal labour market policies in promoting "flexible" employment standards legislation - particularly in the areas of minimum wages and working time - Mark Thomas argues that shifts toward "flexible" legislation have played a central role in producing patterns of labour market inequality. Using an analytic framework that situates employment standards within the context of the broader social relations that shape processes of labour market regulation, Thomas constructs a case study of employment standards legislation in Ontario from 1884 to 2004. Drawing from political economy scholarship, and using a qualitative research methodology, he analyses class, race, and gender dimensions of legislative developments, highlighting the ways in which shifts towards "flexible" employment standards have exacerbated longstanding racialized and gendered inequities. Regulating Flexibility argues that in order to counter current trends towards increased insecurity, employment standards should not be treated as a secondary form of labour protection but as a cornerstone in a progressive project of labour market re-regulation.

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.

Employment Relations in Outsourced Public Services

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Publisher : Palgrave Macmillan
ISBN 13 : 9783030246297
Total Pages : 231 pages
Book Rating : 4.2/5 (462 download)

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Book Synopsis Employment Relations in Outsourced Public Services by : Anna Mori

Download or read book Employment Relations in Outsourced Public Services written by Anna Mori and published by Palgrave Macmillan. This book was released on 2020-08-09 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the consequences of the outsourcing of public services, this book explores the transformation of working conditions, employment relations and the role of the state under marketisation strain. It places these developments in a wider framework that incorporates the legacy of the national models of public administration and employment relations regimes in the public sector. Adopting a comparative perspective by focusing on Italy, Denmark and Britain, the author investigates and questions the influential interpretation of a spreading neo-liberal trajectory in public service working conditions and employment relations, and reveals significant diversity across countries mediated by national institutional configurations. Discussing the interplay between the austerity agenda in the aftermath of the financial crisis and the swelling of outsourcing practices in public services, this book responds to the scholarly call for an integrated approach towards institutions and actors. A valuable read for researchers examining human resource management, labour studies and public administration, this book provides a comprehensive overview of employment relations in outsourced public services.

Political, Economic And Social Dimensions Of Labour Markets: A Global Insight

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Author :
Publisher : World Scientific
ISBN 13 : 981123888X
Total Pages : 504 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Political, Economic And Social Dimensions Of Labour Markets: A Global Insight by : Soon Beng Chew

Download or read book Political, Economic And Social Dimensions Of Labour Markets: A Global Insight written by Soon Beng Chew and published by World Scientific. This book was released on 2022-06-23 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why and how do politics, society and economics shape the growth and failure of labour markets? Does government intervention help or harm labour market reforms/adjustments in times of economic downturn? What forces drive such government intervention and do they differ from society to society?In addressing these big-picture questions, this book's analytical scope is heavily centred around the topic of labour markets' performance. The book argues that performance in labour markets across countries are influenced by their labour market policies. In turn, these policies are shaped, in varying degrees, by the country's politics. Each chapter in this book dives into the labour market experiences in various countries to demonstrate why in some countries, labour markets perform better than in other countries. Major findings from this book suggest that countries can produce better economic and social outcomes (e.g. lower socio-economic inequality) if their labour market policies are aimed at fostering a socially and politically stable society via greater equity in wealth distribution across various socio-cultural and income groups.This book is an essential read for any public policy researchers, policy practitioners and undergraduate/graduate students who are interested or vested in the topic of labour markets' performance in the political, social and economic dimensions. Particularly, this book provides a critical synthesis of the labour market experiences in many countries. Hence, the book serves as an ideational tool to advance future labour market research and policy.

Challenging the Market

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 9780773527270
Total Pages : 404 pages
Book Rating : 4.5/5 (272 download)

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Book Synopsis Challenging the Market by : International Working Group on Labour Market Regulation and Deregulation

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 404 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.

Good Jobs, Bad Jobs, No Jobs

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Publisher :
ISBN 13 :
Total Pages : 524 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Good Jobs, Bad Jobs, No Jobs by : Tony Avirgan

Download or read book Good Jobs, Bad Jobs, No Jobs written by Tony Avirgan and published by . This book was released on 2005 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The World Bank Research Observer

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Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Adverse Selection in the Labor Market

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Author :
Publisher : Dissertations-G
ISBN 13 :
Total Pages : 330 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Adverse Selection in the Labor Market by : Bruce C. Greenwald

Download or read book Adverse Selection in the Labor Market written by Bruce C. Greenwald and published by Dissertations-G. This book was released on 1979 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: