Labour Market Institutions and Youth Labour Markets

Labour Market Institutions and Youth Labour Markets
Author: Niall O'Higgins
Publisher:
Total Pages: 0
Release: 2017
Genre:
ISBN:

This paper mainly focuses on the issue of interactions between labour market institutions and policies and their effects on youth labour markets, and is primarily concerned with issues grouped under pillars 1 and 3 of youth employment policy as identified by the resolution issued in 2012 by the International Labour Conference calling for action on the youth employment crisis. These institutions also have implications for pillar 5, young people's rights at work. The paper reports the results of a meta-analysis of the youth employment effects of minimum wage legislation. The main contribution of the paper, however, concerns the role of other labour market institutions in determining the size of the dis-employment effects of minimum wages in youth labour markets.

Minimum Wages

Minimum Wages
Author: David Neumark
Publisher: MIT Press
Total Pages: 389
Release: 2008
Genre: Income distribution
ISBN: 0262141027

A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.

Youth Unemployment and Minimum Wages

Youth Unemployment and Minimum Wages
Author: United States. Bureau of Labor Statistics
Publisher:
Total Pages: 204
Release: 1970
Genre: Minimum wage
ISBN:

Report on the relationship of minimum wage levels and the youth unemployment problem in the USA - covers wages differentials, the distribution of young workers of the 16 to 19 year-old age group in the occupational structure, military service, recruitment standards, job requirements, full time education for students and learner certification programmes, etc., and comments on the effect of national level and local level labour legislation. Statistical tables.

A Cross-national Analysis of the Effects of Minimum Wages on Youth Employment

A Cross-national Analysis of the Effects of Minimum Wages on Youth Employment
Author: David Neumark
Publisher:
Total Pages: 27
Release: 1999
Genre: Minimum wage
ISBN:

We estimate the employment effects of changes in national minimum wages using a pooled cross-section time-series data set comprising sixteen OECD countries for the period 1975-1997. We pay particular attention to the impact of cross-country differences in minimum wage systems and in other labor market institutions and policies that may either reduce or amplify the effects of minimum wages. Overall, our results generally are consistent with the view that minimum wages cause employment losses among youth. However, the evidence also suggests that the employment effects of minimum wages vary considerably across countries. Disemployment effects of minimum wages appear to be smaller when there are subminimum wages for youths, while, in the longer run at least, minimum wages set by collective bargaining may entail more deleterious employment effects. We also find that government policies restricting employers' ability to adjust nonpecuniary characteristics of jobs (such as hours restrictions or work rules) tend to exacerbate the negative effects of minimum wages on youth employment, while countries with active labor market policies designed to bring non-employed individuals into the work force tend to exhibit smaller disemployment effects from minimum wages

Minimum Wages and Youth Unemployment

Minimum Wages and Youth Unemployment
Author: Youcef Ghellab
Publisher:
Total Pages: 96
Release: 1998
Genre: Minimum wage
ISBN:

Reviews the main theoretical models and recent empirical evidence on the correlation between the minimum wage and youth employment.

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.