The Labor Market And Economic Adjustment
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Author | : Pierre-Richard Agénor |
Publisher | : International Monetary Fund |
Total Pages | : 98 |
Release | : 1995-11-01 |
Genre | : Business & Economics |
ISBN | : 1451854781 |
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author | : Susan Horton |
Publisher | : World Bank Publications |
Total Pages | : 86 |
Release | : 1991 |
Genre | : Developing countries |
ISBN | : |
This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.
Author | : Susan Horton |
Publisher | : |
Total Pages | : 404 |
Release | : 1994 |
Genre | : Economic stabilization |
ISBN | : |
Author | : Pierre-Richard Agenor |
Publisher | : |
Total Pages | : 98 |
Release | : 2006 |
Genre | : |
ISBN | : |
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Author | : United States. Secretary of Labor's Task Force on Economic Adjustment and Worker Dislocation |
Publisher | : |
Total Pages | : 208 |
Release | : 1986 |
Genre | : Layoffs |
ISBN | : |
Author | : Peter Chinloy |
Publisher | : Springer Science & Business Media |
Total Pages | : 270 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9400932510 |
Peter T. Chinloy and Ernst W. Stromsdorfer I. Background to Adjustments in Labor Markets The book examines the process of adjustment in labor markets across countries arising from external shocks and shifts in international competi tiveness. The examination of specific countries and their data permits a comparison of alternative institutions for compensating and redeploying labor. Four countries are involved, whose labor markets are both competi tive and complementary: Canada, Japan, Mexico, and the United States. Both public labor market institutions, such as direct government com~ pensation of displaced workers and the effect of unemployment insurance, and private market arrangements, such as em loyer-employee agreements on layoffs, the work contract, and severance pay, are considered. Compara tive examination across countries of labor market and related insitutions is thus possible. The book has a common theme, namely the adjustment of labor markets to exogenous shocks, particularly those externally induced. The unifying focus in on workers whose specific skills in an industry or firm render them relatively immobile.
Author | : Susan Horton |
Publisher | : |
Total Pages | : 644 |
Release | : 1994 |
Genre | : Economic stabilization |
ISBN | : |
Author | : Mai Dao |
Publisher | : International Monetary Fund |
Total Pages | : 51 |
Release | : 2014-11-25 |
Genre | : Business & Economics |
ISBN | : 1498380433 |
We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.
Author | : Tito Boeri |
Publisher | : Princeton University Press |
Total Pages | : 464 |
Release | : 2013-09-24 |
Genre | : Business & Economics |
ISBN | : 0691158932 |
Most labor economics textbooks pay little attention to actual labor markets, taking as reference a perfectly competitive market in which losing a job is not a big deal. The Economics of Imperfect Labor Markets is the only textbook to focus on imperfect labor markets and to provide a systematic framework for analyzing how labor market institutions operate. This expanded, updated, and thoroughly revised second edition includes a new chapter on labor-market discrimination; quantitative examples; data and programming files enabling users to replicate key results of the literature; exercises at the end of each chapter; and expanded technical appendixes. The Economics of Imperfect Labor Markets examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working-time regulations, family policies, equal opportunity legislation, collective bargaining, early retirement programs, education and migration policies, payroll taxes, and employment-conditional incentives. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are today being changed by political and economic forces. Expanded, thoroughly revised second edition New chapter on labor-market discrimination New quantitative examples New data sets enabling users to replicate key results of the literature New end-of-chapter exercises Expanded technical appendixes Unique focus on institutions in imperfect labor markets Integrated framework and systematic coverage Self-contained chapters on each of the most important labor-market institutions
Author | : Claire H. Hollweg |
Publisher | : World Bank Publications |
Total Pages | : 123 |
Release | : 2014-07-03 |
Genre | : Business & Economics |
ISBN | : 1464802637 |
This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.