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Author: Gøsta Esping-Andersen
Publisher: Oxford University Press
Published: 2000
Total Pages: 374
ISBN-13: 0198296819
DOWNLOAD EBOOK →With contributions from economists & political scientists, this text takes a hard look at the empirical connections between unemployment & regulation in Europe today, utilising both in-depth nation analyses & broader international comparisons.
Author: Gabriele Ciminelli
Publisher: International Monetary Fund
Published: 2018-08-16
Total Pages: 72
ISBN-13: 1484373723
DOWNLOAD EBOOK →Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver of the decline in labor shares that took place across most advanced economies since the early 1990s. This paper assesses the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly constructed dataset of major reforms to employment protection legislation for regular contracts. We apply the local projection method to estimate the dynamic response of the labor share to our reform events at both the country and the country-industry levels. For the latter, we employ a differences-in-differences identification strategy using two identifying assumptions grounded in theory—namely that job protection deregulation should have larger negative effects in industries characterized by (i) a higher “natural” propensity to adjust the workforce, and (ii) a lower elasticity of substitution between capital and labor. We find a statistically significant, economically large and robust negative effect of deregulation on the labor share. In particular, illustrative back-of-the-envelope calculations suggest that job protection deregulation may have contributed about 15 percent to the average labor share decline in advanced economies. Together with existing evidence regarding the macroeconomic gains from job protection and other labor market reforms, our results also point to the need for policymakers to address efficiency-equity trade-offs when designing such reforms.
Author: Gøsta Esping-Andersen
Publisher: OUP Oxford
Published: 2000-04-20
Total Pages: 378
ISBN-13: 0191522783
DOWNLOAD EBOOK →Europe's mass unemployment and the call for extensive labour market de-regulation have, perhaps more than any other contemporary issue, impassioned political debate and academic research. With contributions from economists, political scientists and sociologists, Why Deregulate Labour Markets? takes a hard look at the empirical connections between unemployment and regulation in Europe today, utilizing both in-depth nation analyses and broader-based international comparisons. The book demonstrates that Europe's mass unemployment cannot be directly ascribed to excessive worker protection. Labour market rigidities can, however, be harmful for particular groups. The weight of the evidence suggests that a radical strategy of de-regulation would probably cause more harm than benefits for European economic performance.
Author: International Working Group on Labour Market Regulation and Deregulation
Publisher: McGill-Queen's Press - MQUP
Published: 2004
Total Pages: 399
ISBN-13: 0773527265
DOWNLOAD EBOOK →For two decades economic and social policy in most of the world has been guided by the notion that economies function best when they are fully exposed to competitive market forces. In labour market policy, this approach is reflected in the widespread emphasis on flexibility - a euphemism for the retrenchment of income support and social security, the relaxation of labour market regulations, and the enhanced power of private actors to determine the terms of the employment relationship. These strategies have had marked effects on labour market outcomes, leading to greater vulnerability and polarization - and not always in ways that enhance worker-centred flexibility. The authors offer a more balanced analysis of the functioning and effects of labour market regulation and deregulation. By questioning the underpinnings of the flexibility paradigm, and revealing its often damaging impacts (on different countries, sectors, and constituencies), they challenge the conclusion that unregulated market forces produce optimal labour market outcomes. The authors conclude with several suggestions for how labour policy could be reformulated to promote both efficiency and equity.
Author: Mr.Romain A Duval
Publisher: International Monetary Fund
Published: 2017-12-14
Total Pages: 44
ISBN-13: 1484333012
DOWNLOAD EBOOK →This paper explores the short-term employment effect of deregulating job protection for regular workers and how it varies with prevailing business cycle conditions. We apply a local projection method to a newly constructed “narrative” dataset of major regular job protection reforms covering 26 advanced economies over the past four decades. The analysis relies on country-sector-level data, using as an identifying assumption the fact that stringent dismissal regulations are more binding in sectors that are characterized by a higher “natural” propensity to regularly adjust their workforce. We find that the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the economy at the time of reform——they are positive in an expansion, but become negative in a recession. These findings are consistent with theory, and are robust to a broad range of robustness checks including an Instrumental Variable approach using political economy drivers of reforms as instruments. Our results provide a case for undertaking job protection reform in good times, or for designing it in ways that enhance its short-term impact.
Author: Gabriele Ciminelli
Publisher: International Monetary Fund
Published: 2018-08-16
Total Pages: 72
ISBN-13: 1484370082
DOWNLOAD EBOOK →Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver of the decline in labor shares that took place across most advanced economies since the early 1990s. This paper assesses the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly constructed dataset of major reforms to employment protection legislation for regular contracts. We apply the local projection method to estimate the dynamic response of the labor share to our reform events at both the country and the country-industry levels. For the latter, we employ a differences-in-differences identification strategy using two identifying assumptions grounded in theory—namely that job protection deregulation should have larger negative effects in industries characterized by (i) a higher “natural” propensity to adjust the workforce, and (ii) a lower elasticity of substitution between capital and labor. We find a statistically significant, economically large and robust negative effect of deregulation on the labor share. In particular, illustrative back-of-the-envelope calculations suggest that job protection deregulation may have contributed about 15 percent to the average labor share decline in advanced economies. Together with existing evidence regarding the macroeconomic gains from job protection and other labor market reforms, our results also point to the need for policymakers to address efficiency-equity trade-offs when designing such reforms.
Author: Günther Schmid
Publisher: Edward Elgar Publishing
Published: 2002
Total Pages: 472
ISBN-13:
DOWNLOAD EBOOK →Contributors in European labor market studies, economics, political science, and employment studies argue that transitional markets, defined as politically supported sets of mobility options, are becoming essential ingredients of successful employment policies in modern societies. They draw on empirical evidence to examine the dynamics of modern labor markets and describe the theoretical foundation of transitional labor markets. The book is of interest to academics and policymakers in employment policy. Edited by Schmid (political economics, Free University of Berlin) and Gazier (economics, University Paris 1). Annotation copyrighted by Book News, Inc., Portland, OR
Author: Goul Andersen, Jørgen
Publisher: Policy Press
Published: 2002-01-23
Total Pages: 320
ISBN-13: 1847425402
DOWNLOAD EBOOK →Changing labour markets, welfare policies and citizenship readdresses the question of how full citizenship may be preserved and developed in the face of enduring labour market pressures. It: clarifies the relationship between changing labour markets, welfare policies and citizenship; discusses possible ways in which the spill-over effect from labour market marginality to loss of citizenship can be prevented; specifies this problem in relation to the young, older people, men and women and immigrants; offers theoretical and conceptual definitions of citizenship as a new, alternative approach to empirical analyses of labour market marginalisation and its consequences; highlights the lessons to be learned from differing approaches in European countries.
Author: Nick Adnett
Publisher: Financial Times/Prentice Hall
Published: 1996
Total Pages: 332
ISBN-13:
DOWNLOAD EBOOK →This new book originates from Nick Adnett's popular, Labour Market Policy, retaining much of its features and coverage, but now concentrating on the emerging European policy issues, such as: Eurosclerosis, social dumping, minimum wage laws and wage inequality and subsidiarity. It discusses fully EU-level policy, including a full examination of social policy and the implications of economic and monetary union. Topical policy issues are highlighted in the text and the book also benefits from improved presentation of statistical data. All text and data has been thoroughly updated.
