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Rapid Labor Reallocation With A Stagnant Unemployment Pool
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Book Synopsis Rapid Labor Reallocation with a Stagnant Unemployment Pool by : Jan Rutkowski
Download or read book Rapid Labor Reallocation with a Stagnant Unemployment Pool written by Jan Rutkowski and published by World Bank Publications. This book was released on 2002 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lithuania is a transition economy undergoing rapid enterprise restructuring associated with substantial job turnover. At the same time, unemployment in Lithuania is high and of long duration. This presents a puzzle: high job turnover epitomizes labor market flexibility, while high unemployment indicates labor market rigidities. What are the reasons behind this paradox? Why do the unemployed not benefit from job opportunities created by high job turnover, which entails high rates of job creation and hiring? To answer this question, the author looks at three perspectives on labor market flexibility: 1) The macroeconomic perspective-A flexible labor market is one that facilitates full use and efficient allocation of labor resources. 2) The worker perspective-A flexible labor market means ease in finding a job paying a wage adequate to the worker's effort and skills. 3) The employer perspective-A flexible labor market does not unduly constrain the employer's ability to adjust employment and wages to changing market conditions. The author looks at all three dimensions of labor market flexibility by analyzing job reallocation, worker transitions across labor force states, wage distribution, and regulatory constraints faced by employers. He focuses on the issue of job creation and job destruction, using micro level data on all registered firms. He finds that flexibility in one dimension can concur with rigidities in the other. Specifically, employers in Lithuania have a substantial degree of flexibility with employment adjustment coupled with limited flexibility to wage adjustment due to a high statutory minimum wage. The relatively rigid wage structure locks low productivity workers who are preponderant among the unemployed. The low-skilled long-term unemployed have become marginalized and unable to successfully compete for available jobs, while the high job turnover is accounted for largely by job-to-job transitions. As a result, a dynamic labor market coincides with a stagnant unemployment pool.
Book Synopsis Labor Market Developments During Economic Transition by : Jan J. Rutkowski
Download or read book Labor Market Developments During Economic Transition written by Jan J. Rutkowski and published by World Bank Publications. This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The paper reviews labor market developments in the transition economies of Europe and Central Asia. It argues that the scarcity of productive job opportunities and the growing labor market segmentation are the two main labor market problems facing the transition economies. In the European transition economies the lack of jobs has led to persistent open unemployment. In the Commonwealth of Independent States (CIS) it has led to hidden unemployment (underemployment and low productivity employment). Unemployment in the European transition economies is supported by the developed social safety net. In contrast, in the CIS for most workers unemployment is not an affordable option. They either stick to their old, unproductive jobs in unrestructured enterprises, or work in the informal sector, or resort to subsistence agriculture. Thus, underemployment in the CIS is a mirror image of unemployment in the European transition economies. Accordingly, the high employment-to-population ratios in many CIS countries do not necessarily signify favorable labor market performance. Instead they often indicate delayed enterprise restructuring, the maintenance of unsustainable jobs in uncompetitive firms, and the existence of a large informal sector as an employer of last resort. Labor market segmentation has been caused by a sharp increase in earnings differentials and the attendant increase in the incidence of low-paid jobs, by the polarization of regional labor market conditions, and finally by the growth of the informal sector offering casual, low-productivity jobs. Labor market segmentation and accompanying inequalities are more pronounced in the CIS than in the European transition economies. "--World Bank web site.
Book Synopsis Unemployment and the Earnings Structure in Latvia by : Mihails Hazans
Download or read book Unemployment and the Earnings Structure in Latvia written by Mihails Hazans and published by World Bank Publications. This book was released on 2005 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Latvia has recorded sustained GDP and productivity growth since 1997. Yet unemployment rates, despite gradual decrease, have remained high. Hazans explores the mysteries of unemployment in Latvia. He analyzes labor flows between employment, unemployment, and nonparticipation and finds the following results: * The type of education and the region of residence appear to be the most important determinants of success in finding jobs by the unemployed. * The unemployed from ethnic minorities have lower chances to find a job within a year, other things equal, while the difference between genders is not significant. However, neither ethnicity nor gender seems to matter as far as the transition from employment to unemployment is concerned. * Regional disparities in job destruction seem to be less sizable than disparities in job creation. * The analysis of job search methods by the unemployed indicates that two target groups of state employment policy (young unemployed and long-term unemployed) appear to make relatively little use of the public employment service. The author also looks at the impact of education, age, gender, ethnicity, and regional factors on individual earnings. The relative position of youth and women in Latvian labor market, compared with prime?age men, is less unfavorable than in many other countries. Yet the gender wage gap has increased recently, and the same is true for regional disparities. Beneficiaries of the so-called "new" education system have a relatively high market value, especially with graduates from universities and general secondary schools. Finally, returns to experience seem to be nonexistent for many adult workers without higher education. This paper--a product of the Poverty Reduction and Economic Management Division, Europe and Central Asia Region--is part of a larger effort in the region to understand labor market dynamics"--Abstract.
Download or read book Enhancing Job Opportunities written by and published by World Bank Publications. This book was released on 2005-01-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This title looks at ways governments can promote the creation of more and better jobs in the region. It addresses the question of why labour market outcomes have been disappointing during the transition, and suggests policy interventions to promote firms' investment, job creation and economic development.
Book Synopsis Estonia, the New EU Economy by : Helena Hannula
Download or read book Estonia, the New EU Economy written by Helena Hannula and published by Ashgate Publishing, Ltd.. This book was released on 2006 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estonia is regarded by many as one of the most hopeful cases for the integration of eastern Europe into the enlarged European Union. It provides positive examples of how the integration process can be well handled, but at the same time some of the contentious issues this can give rise to. This book assesses the tensions involved in the development of the Estonian economy in terms of growth, convergence, financial development, labour reallocation, structural and organizational change, and the role of foreign companies and international networks. The analysis of Estonia is placed within a broader context and among a wider set of nations, and thus aims at understanding the potential for growth and structural change in the eastern part of the enlarged EU. In these and related fields, the book seeks to draw lessons from Estonia for other new (and indeed future) EU accession countries.
Book Synopsis The Labour Market Impact of the EU Enlargement by : Floro Ernesto Caroleo
Download or read book The Labour Market Impact of the EU Enlargement written by Floro Ernesto Caroleo and published by Springer Science & Business Media. This book was released on 2010-03-18 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Floro Ernesto Caroleo and Francesco Pastore This book was conceived to collect selected essays presented at the session on “The Labour Market Impact of the European Union Enlargements. A New Regional Geography of Europe?” of the XXII Conference of the Italian Association of Labour Economics (AIEL). The session aimed to stimulate the debate on the continuity/ fracture of regional patterns of development and employment in old and new European Union (EU) regions. In particular, we asked whether, and how different, the causes of emergence and the evolution of regional imbalances in the new EU members of Central and Eastern Europe (CEE) are compared to those in the old EU members. Several contributions in this book suggest that a factor common to all backward regions, often neglected in the literature, is to be found in their higher than average degree of structural change or, more precisely, in the hardship they expe- ence in coping with the process of structural change typical of all advanced economies. In the new EU members of CEE, structural change is still a consequence of the continuing process of transition from central planning to a market economy, but also of what Fabrizio et al. (2009) call the “second transition”, namely that related to the run-up to and entry in the EU.
Book Synopsis Geographical Labor Market Imbalances by : Chiara Mussida
Download or read book Geographical Labor Market Imbalances written by Chiara Mussida and published by Springer. This book was released on 2015-04-29 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the questions of how territorial differences in productivity levels and unemployment rates arise in the first place and why territorial differences in labor market performance persist over time. Unemployment divergence and unemployment club convergence have been touched on in a large number of works and have recently also been studied using spatial econometric analysis. In this book we aim to develop the debate to include several important new topics, such as: the reasons why structural changes in some sectors cause slumps in some regions but not in others; the extent to which agglomeration factors explain regional imbalances; the degree of convergence / divergence across EU countries and regions; the role of labor mobility in reducing / increasing regional labor market imbalances; the impact of EU and country-level regional policy in stimulating convergence and the (unsatisfactory) role of active labor market policy in stimulating labor supply in the weakest economic areas.
Book Synopsis Firms, Jobs, and Employment in Moldova by : Jan Rutkowski
Download or read book Firms, Jobs, and Employment in Moldova written by Jan Rutkowski and published by World Bank Publications. This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite low open unemployment, labor market outcomes are unsatisfactory in Moldova. Employment is low and job opportunities are scarce. This paper examines labor market performance in Moldova by focusing on firm dynamics. It finds that the low level of employment in Moldova is due to the low rate of firm entry and the low rate of job creation in existing firms. Although the rate of job destruction is high, this is typical of transition economies and is a problem only because it is not coupled with a commensurate rate of job creation. Firm exit is limited and thus is not an important factor behind job losses. The only sector of the economy that creates jobs on a net basis is that of de novo private and small firms. However, in Moldova this sector is significantly smaller than in the most successful transition economies. The paper argues that the primary factor behind the small size of the employment generating sector is the high cost of doing business in Moldova. This includes numerous administrative barriers, intrusive and costly inspections and associated corruption. These costs - extremely high even be regional standards - lower the expected returns to business activity and thus discourage firm formation and growth. The paper recommends improvements in the investment climate as a primary policy to increase productive employment and lower unemployment. Priority should be given to fostering job creation by facilitating the formation of new firms and reducing constraints on the expansion of existing firms. The government should avoid measures designed to forestall the destruction of unviable jobs and firm exit, as these are not conducive to long-run productivity and employment growth. Enhancing labor market flexibility is a further priority, as the current stringent provisions of the Labor Code are not complied with and enforced. Given the unsatisfactory business environment, active labor market programs are unlikely to be effective, unless carefully targeted at the most disadvantaged worker groups. This paper - a product of the Human Development Sector Unit, Europe and Central Asia Region - is part of a larger effort in the region to examine labor market performance and its contribution to economic growth and poverty reduction.
Book Synopsis Globalization and Workers in Developing Countries by :
Download or read book Globalization and Workers in Developing Countries written by and published by World Bank Publications. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Growth and Structural Features of Transition by : E. Marelli
Download or read book Economic Growth and Structural Features of Transition written by E. Marelli and published by Springer. This book was released on 2010-01-20 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines, theoretically and empirically, the key aspects and differences of economic growth. It provides a comprehensive investigation of the numerous features of development in transition countries, covering the last two decades, from the fall of the Berlin Wall in 1989 to the current financial crisis.
Book Synopsis Land Allocation in Vietnam's Agrarian Transition by : Martin Ravallion
Download or read book Land Allocation in Vietnam's Agrarian Transition written by Martin Ravallion and published by World Bank Publications. This book was released on 2003 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: While liberalizing key factor markets is a crucial step in the transition from a socialist control-economy to a market economy, the process can be stalled by imperfect information, high transaction costs, and covert resistance from entrenched interests. Ravallion and van de Walle study land-market adjustment in the wake of Vietnam's reforms aiming to establish a free market in land-use rights following de-collectivization. Inefficiencies in the initial administrative allocation are measured against an explicit counterfactual market solution. The authors' tests using a farm-household panel data set spanning the reforms suggest that land allocation responded positively but slowly to the inefficiencies of the administrative allocation. They find no sign that the transition favored the land rich or that it was thwarted by the continuing power over land held by local officials. This paper"a joint product of the Poverty Team and the Public Services Team, Development Research Group"is part of a larger effort in the group to understand the welfare impacts of major policy reforms.
Book Synopsis Eastern European Youth Cultures in a Global Context by : Matthias Schwartz
Download or read book Eastern European Youth Cultures in a Global Context written by Matthias Schwartz and published by Springer. This book was released on 2016-04-29 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demise of state Socialisms caused radical social, cultural and economic changes in Eastern Europe. Since then, young people have been confronted with fundamental disruptions and transformations to their daily environment, while an unsettling, globalized world substantially reshapes local belongings and conventional values. In times of multiple instabilities and uncertainties, this volume argues, young people prefer to try to adjust to given circumstances than to adopt the behaviour of potential rebellious, adolescent role models, dissident counter-cultures or artistic breakings of taboo. Eastern European Youth Cultures in a Global Context takes this situation as a starting point for an examination of generational change, cultural belongings, political activism and everyday practices of young people in different Eastern European countries from an interdisciplinary perspective. It argues that the conditions of global change not only call for a differentiated evaluation of youth cultures, but also for a revision of our understanding of 'youth' itself – in Eastern Europe and beyond.
Book Synopsis Mexico : in-firm training for the knowledge economy by : Hong Tan
Download or read book Mexico : in-firm training for the knowledge economy written by Hong Tan and published by World Bank Publications. This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Catastrophe Insurance Market in the Caribbean Region by : Philippe Auffret
Download or read book Catastrophe Insurance Market in the Caribbean Region written by Philippe Auffret and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Caribbean region suffers from a high degree of economic volatility. A history of repeated external and domestic shocks has made economic insecurity a major concern across the region. Of particular concern to all households, especially the poorest segments of the population, is the exposure to shocks that are generated by catastrophic events or natural disasters. The author develops a conceptual framework for risk management and shows that the insurance market for catastrophic risk in the Caribbean region remains a "thin" market characterized by "high" prices and "low" transfer of risk. He analyzes the possible market failures which could explain the lack of development of the catastrophe insurance market. Finally he outlines a set of recommendations for public sector interventions.
Book Synopsis Strategic Planning for Poverty Reduction in Vietnam by : Rob A. Swinkels
Download or read book Strategic Planning for Poverty Reduction in Vietnam written by Rob A. Swinkels and published by World Bank Publications. This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the progress that Vietnam has made toward meeting a core set of development goals that the government recently adopted as part of its Comprehensive Poverty Reduction and Growth Strategy (CPRGS). These goals are strongly related to the Millennium Development Goals (MDGs), but are adapted and expanded to reflect Vietnam's national challenges and the government's ambitious development plans. For each Vietnam Development Goal, the authors describe recent trends in relation to the trajectories implied by the MDGs, outline the intermediate targets identified by the government, and discuss the challenges involved in meeting these. Relative to other countries of similar per capita expenditures, Vietnam has made rapid progress in a number of key areas. Poverty has halved over the 1990s, enrollment rates in primary education have risen to 91 percent (although there is a quality problem), indicators of gender equity have been strengthened, child mortality has been reduced, maternal health has improved, and real progress has been made in combating malaria and other communicable diseases. In contrast, Vietnam scores worse than other comparable countries in the areas of child malnutrition, access to clean water, and combating HIV/AIDS. A number of important crosscutting issues emerge from this analysis that need to be addressed. One such challenge is improving equity, both in terms of ensuring that the benefits of growth are distributed evenly across the population and in terms of access to public services. This will involve addressing the affordability of education and curative health care for poor households. Improvements in public expenditure planning are needed to align resources better to stated desired outcomes and to link nationally-defined targets to subnational planning and budgeting processes. There is also a need to address capacity and data gaps which will be crucial for effective monitoring. This paper--a product of the Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region--is part of a larger effort in the region to help governments move toward outcome-based planning for poverty reduction.
Book Synopsis Survey Compliance and the Distribution of Income by : Johan A. Mistiaen
Download or read book Survey Compliance and the Distribution of Income written by Johan A. Mistiaen and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: While it is improbable that households with different incomes are equally likely to participate in sample surveys, the lack of data for nonrespondents has hindered efforts to correct for the bias in measures of poverty and inequality. Mistiaen and Ravallion demonstrate how the latent income effect on survey compliance can be estimated using readily available data on response rates across geographic areas. An application using the Current Population Survey for the United States indicates that compliance falls as income rises. Correcting for selective compliance appreciably increases mean income and inequality, but has only a small impact on poverty incidence up to commonly used poverty lines in the United States. This paper - a product of the Poverty Team, Development Research Group - is part of a larger effort in the group to develop better methods of measuring poverty and inequality from survey data.
Book Synopsis Malnutrition and Poverty in Guatemala by : Michele Gragnolati
Download or read book Malnutrition and Poverty in Guatemala written by Michele Gragnolati and published by World Bank Publications. This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to document the extent and distribution of child and adult malnutrition in Guatemala; to analyze the relationship between selected child, maternal, household and community characteristics and children's nutritional status; and to outline the implications of the most important findings for nutritional policy. The prevalence of chronic malnutrition among Guatemalan children in 2000 was the highest in Latin America and among the highest in the world. The data show very strong socioeconomic and geographic inequality. The econometric analysis reveals a strong impact of income and of intergenerational effects. Education of adults in the household and the availability of infrastructure are other important determinants of children's growth attainment. Finally, even controlling for income and other household and community characteristics, ethnicity remains an important determinant of child nutritional status. The study also reveals an increasing prevalence of excess weights and obesity among children and adults. Overnutrition tends to be higher among individuals living in urban areas and among non-poor and non-indigenous households. This paper-a product of the Human Development Sector Unit, Latin America and the Caribbean Region-is part of a larger effort in the region to study poverty and human development processes.
