Real Wage, Labor Productivity, and Employment Trends in South Africa

Real Wage, Labor Productivity, and Employment Trends in South Africa
Author: Nir Klein
Publisher: International Monetary Fund
Total Pages: 28
Release: 2012-04-01
Genre: Business & Economics
ISBN: 1475588380

The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while there is a co-integrating link between the real wage and labor productivity, the deviations from equilibrium are persistent and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding is also supported by a cross-country analysis, which shows that in South Africa the link between the real wage and labor productivity is substantially weaker than in other emerging markets, even after controlling for labor market tightness indicators.

Wages and Employment in Africa

Wages and Employment in Africa
Author: Dipak Mazumdar
Publisher: Routledge
Total Pages: 366
Release: 2018-02-06
Genre: Social Science
ISBN: 1351749668

This title was first published in 2002: Analyzing labour market trends in sub-Saharan Africa since 1970, this volume employs data collected from the International Labor Organization (ILO), United Nations Industrial Development Organisation (UNIDO) and World Bank (the RPED surveys). It examines the economics of the labour market against the presistent decline in real wages over some 20 years in some of these countries. Setting the African story against the background of wage-employment trends in other regions of the world, the author proceeds to examine the impact of this decline on the rural-urban earnings gap. The consequences of the declining wage levels on the lifetime earnings of workers and on trends in labour productivity are then discussed, followed by an analysis of the employment and wage structure in African manufacturing firms.

Labour Market and Fiscal Policy Adjustments to Shocks

Labour Market and Fiscal Policy Adjustments to Shocks
Author: Nombulelo Gumata
Publisher: Springer
Total Pages: 617
Release: 2017-12-18
Genre: Business & Economics
ISBN: 3319665200

This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability. Evidence suggests there are benefits in adopting an approach that coordinates labour market policies and reforms, fiscal policy, price and financial stability. In particular, the benefits of coordinating policies present policymakers with policy options in cases where they are confronted by binding policy trade-offs and dilemmas, such as in cases when there is divergence in price and financial and economic growth outcomes. The empirical insights and policy recommendations are based on different techniques that include the counterfactual and endogenous-exogenous approaches, non-linearities introduced by thresholds and the impact of persistent and transitory shock effects. Themes covered in the book include various aspects of labour market conditions and reforms and their link to inflation and inflation expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic policy uncertainty and employment, government debt thresholds, sovereign yields and debt ratings downgrades, labour productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government cost of funding on price and financial stability and the link between fiscal policy and credit dynamics.

Analysis of Employment, Real Wage, and Productivity Trends in South Africa Since 1994

Analysis of Employment, Real Wage, and Productivity Trends in South Africa Since 1994
Author: Martin Wittenberg
Publisher:
Total Pages: 71
Release: 2014
Genre:
ISBN:

South Africa's transition to democracy in 1994 engendered expectations of rapid changes in racial and gender disparities in wages. Twenty years after the transition there are strong disagreements about whether there have been gains and how these have been distributed. In particular there are debates about whether wage increases have outstripped productivity increases.

Wage-Led Growth

Wage-Led Growth
Author: Engelbert Stockhammer
Publisher: Springer
Total Pages: 329
Release: 2013-12-03
Genre: Business & Economics
ISBN: 1137357932

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.

Structural Transformation in Employment and Productivity

Structural Transformation in Employment and Productivity
Author: Ms.Louise Fox
Publisher: International Monetary Fund
Total Pages: 43
Release: 2017-04-07
Genre: Business & Economics
ISBN: 1475593260

This paper provides the most complete analysis of the structural transformation among low- and low-middle-income countries in sub-Saharan Africa to date.

Disequilibrium in the Labor Market in South Africa

Disequilibrium in the Labor Market in South Africa
Author: Mr.Bankim Chadha
Publisher: International Monetary Fund
Total Pages: 38
Release: 1994-09-01
Genre: Business & Economics
ISBN: 1451853033

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

The South African Labour Market

The South African Labour Market
Author: F. S. Barker
Publisher: Van Schaik Publishers
Total Pages: 370
Release: 2003
Genre: Business & Economics
ISBN:

This edition of The South African Labour Market contains an abundance of information about the South African labour market.