Designing Labor Market Institutions in Emerging and Developing Economies PDF Download

Author: Mr.Romain A Duval
Publisher: International Monetary Fund
ISBN: 1498315208
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
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.

Author: Richard B. Freeman
Publisher: University of Chicago Press
ISBN: 0226261816
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
Private sector unionism is in decline in the United States. As a result, labor advocates, community groups, nongovernmental organizations, and individuals concerned with the well-being of workers have sought to develop alternative ways to represent workers' interests. Emerging Labor Market Institutions for the Twenty-First Century provides the first in-depth assessment of how effectively labor market institutions are responding to this drastically altered landscape. This important volume provides case studies of new labor market institutions and new directions for existing institutions. The contributors examine the behavior and impact of new organizations that have formed to solve workplace problems and to bolster the position of workers. They also document how unions employ new strategies to maintain their role in the economic system. While non-union institutions are unlikely to fill the gap left by the decline of unions, the findings suggest that emerging groups and unions might together improve some dimensions of worker well-being. Emerging Labor Market Institutions is the story of workers and institutions in flux, searching for ways to represent labor in the new century.

Author: Jacqueline Mazza
Publisher: Springer
ISBN: 1137486686
Category : Business & Economics
Languages : en
Pages : 152

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Book Description
This book demonstrates how rethinking and adapting basic employment services into labor intermediation services can help address the many labor market disconnections of developing country economies. It addresses how scarce resources required to escape poverty – good jobs, schools, and training - more often go to the privileged and well-connected than to those who need them most. With jobs now at the top of development debates, this is a rare book on how to practically adapt one key labor market policy to very different developing and emerging country markets. It shows through examples how developing countries can build in stages from basic employment services to diverse labor intermediation services – opening up job listings, stimulating public-private partnerships, and making job connections for those who don’t have a "cousin Vinny who knows a guy". This book is for policy practitioners, development organizations, and academics who are ready to think differently about one of the policies that needs to change so that developing economies can better meet the employment and higher skill challenges of the global age.

Author: Ms. Florence Jaumotte
Publisher: International Monetary Fund
ISBN: 1513526901
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.

Author: Mr. Romain A Duval
Publisher: International Monetary Fund
ISBN: 1513584472
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
Raising South Africa’s low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the urgency of action. This paper reviews labor market policy and other reform options to enhance South Africa’s job market performance, drawing from international evidence and new analysis. We find much scope for improving the design of key labor market institutions—including collective bargaining and employment protection legislation—and active labor market policies to improve job seekers’ prospects. These reforms should come hand-in-hand with others, such as in the areas of education or product market regulation, that may work pay. Labor market and other reforms would primarily benefit disadvantaged groups such as youth.

Author: Jordi Gual i Sole
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 230

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Book Description
Economists and scholars of management assess the impact of changes in the labor market institutions on the creation of jobs. They focus on public policy and its effects on the adaptation of the labor force to international markets. Several look at how information technology has changed both the internal and external labor markets of companies. Some propose regulatory changes to facilitate competitiveness of both workers and companies. The seven papers are from a June 1997 conference in Barcelona. Annotation copyrighted by Book News, Inc., Portland, OR

Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1513516175
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.

Author: Jean-Marie Baland
Publisher: Princeton University Press
ISBN: 0691192014
Category : Business & Economics
Languages : en
Pages : 786

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Book Description
The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its interactions with the dynamics of economic development. This book focuses on three critical issues: the definitions of institutions in order to argue for a causal link to development, the complex interplay between formal and informal institutions, and the evolution and coevolution of institutions and their interactions with the political economy of development. Topics examined include the relationship between institutions and growth, educational systems, the role of the media, and the intersection between traditional systems of patronage and political institutions. Each chapter—covering the frontier research in its area and pointing to new areas of research—is the product of extensive workshopping on the part of the contributors. The definitive reference work on this topic, The Handbook of Economic Development and Institutions will be essential for academics, researchers, and professionals working in the field.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513575910
Category : Business & Economics
Languages : en
Pages : 414

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Book Description
The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.

Author: Asmaa El-Ganainy
Publisher: International Monetary Fund
ISBN: 1513573519
Category : Business & Economics
Languages : en
Pages : 50

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Book Description
Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity presents challenges, we discuss how data can be used to shed light on the extent of inclusivity and document cross-country trends and stylized facts. We also discuss the role of policy in achieving an inclusive labor market, focusing on the need to rebalance growth; improve risk sharing; and fight discrimination. Several messages emerge. First, some policies entail a trade-off between the different dimensions of inclusivity. Second, it is important to view policies as a bundle, taking into account substitution and complementarities. Third, some policies are win-win, in the sense that they both increase inclusivity and improve overall efficiency.