Designing Labor Market Institutions in Emerging and Developing Economies

Designing Labor Market Institutions in Emerging and Developing Economies
Author: Mr.Romain A Duval
Publisher: International Monetary Fund
Total Pages: 58
Release: 2019-05-21
Genre: Business & Economics
ISBN: 1498313264

This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

Unemployment Insurance in the United States

Unemployment Insurance in the United States
Author: Christopher J. O'Leary
Publisher: W. E. Upjohn Institute
Total Pages: 792
Release: 1997
Genre: Business & Economics
ISBN:

Discusses the unemployment insurance system in which programmes are operated by each state within the minimum standards established by the federal government.

Unemployment Insurance Reform

Unemployment Insurance Reform
Author: David E. Balducchi
Publisher: W.E. Upjohn Institute
Total Pages: 247
Release: 2018-09-11
Genre: Political Science
ISBN: 0880996528

The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.

Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties

Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties
Author: Klaus-Peter Hellwig
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-03-12
Genre: Business & Economics
ISBN: 1513572687

I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in outcomes to identify treatment effects. Identification rests on a differences-in-differences approach which exploits heterogeneity in county exposure to policy changes. To distinguish demand and supply-side channels, I estimate the model separately for tradable and non-tradable sectors. Finally I use benefit extensions as an instrument to estimate local fiscal multipliers of unemployment benefit transfers. I find (i) that the overall impact of benefit extensions on activity is positive, pointing to strong demand effects; (ii) that, even in tradable sectors, there are no negative supply-side effects from work disincentives; and (iii) a fiscal multiplier estimate of 1.92, similar to estimates in the literature for other types of spending.

Monthly Labor Review

Monthly Labor Review
Author: United States. Bureau of Labor Statistics
Publisher:
Total Pages: 26
Release: 1956
Genre: Labor
ISBN:

Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.