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

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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.

Emerging Labor Market Institutions for the Twenty-First Century

Emerging Labor Market Institutions for the Twenty-First Century
Author: Richard B. Freeman
Publisher: University of Chicago Press
Total Pages: 338
Release: 2007-09-01
Genre: Business & Economics
ISBN: 0226261581

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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.

In Defence of Labour Market Institutions

In Defence of Labour Market Institutions
Author: Janine Berg
Publisher: International Labor Office
Total Pages: 320
Release: 2008
Genre: Business & Economics
ISBN:

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Annotation. Published by Palgrave Macmillan.

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: 1498315208

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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.

Labor Intermediation Services in Developing Economies

Labor Intermediation Services in Developing Economies
Author: Jacqueline Mazza
Publisher: Springer
Total Pages: 162
Release: 2016-12-16
Genre: Business & Economics
ISBN: 1137486686

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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.

Designing Good Labour Market Institutions

Designing Good Labour Market Institutions
Author: Werner Eichhorst
Publisher:
Total Pages:
Release: 2019
Genre:
ISBN:

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The world of work is in constant change. Demographic shifts, technological innovation, institutional reforms and global economic integration affect the way people work. Technological innovations have a major impact on occupations and industries, changing the ways economies in different world regions, in both developed and developing countries, work along with new division of labour that are facilitated by global economic integration. This paper is based on the joint work within the International Panel on Social Progress. It highlights three main areas of attention: a) skill formation, d) the challenges to collective bargaining, and e) social protection and labour market policies. Based on an assessment of the existing evidence, the paper suggests some policy principles and concrete policy options that might further those objectives, not ignoring some tensions that might exist between flexibility and security in the different labour markets. The ultimate direction of reforms in line with an idea of social progress lies in institutional arrangements that facilitate the reconciliation of flexibility and productivity with access to decent jobs and social protection. We argue that distinct policy options are available that can be implemented more globally in order to achieve these goals simultaneously.

Labor Market Reform Options to Boost Employment in South Africa

Labor Market Reform Options to Boost Employment in South Africa
Author: Mr. Romain A Duval
Publisher: International Monetary Fund
Total Pages: 39
Release: 2021-06-11
Genre: Business & Economics
ISBN: 1513584472

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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.

Labor-management Relations in Emerging Economies and Developing Countries

Labor-management Relations in Emerging Economies and Developing Countries
Author: Frank M. Horwitz
Publisher:
Total Pages:
Release: 2021
Genre:
ISBN:

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Adopting a largely institutional theoretical perspective, this chapter focuses on emerging and developing economies in Africa and Asia, including labor−management relations in South Africa and other jurisdictions in both Africa and Asia. The aim is to assess the effects of changes in the labor markets and regulatory institutions pertaining to employment relations. Whilst other theoretical lenses such as socio-cultural and cross-cultural management and post-colonial approaches are important, this chapter critically evaluates the institutional effects relating to changes in the nature of work and the effects of external factors on market and employment relations institutions. Providing a definitional overview, this chapter discusses empirical evidence on determinants and outcomes of institutions. Though referring to other regions such as Latin America, in order to narrow the scope of analysis, the analysis focuses on two major emerging and developing economic regions, namely Asia and Africa. It includes a discussion of the Africa-Asia nexus or Sino-Africa interface in labor−management relations. Labor market institutions, their relative strengths and weaknesses, trade unions and collective bargaining, inequality and informalization of employment practices, are discussed.

The Institutional Approach to Labour and Development

The Institutional Approach to Labour and Development
Author: Gerry Rodgers
Publisher: Routledge
Total Pages: 499
Release: 2005-06-28
Genre: Business & Economics
ISBN: 1135777780

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Bringing together the work of economists and sociologists in research programmes in a number of European institutions concerned with development, this collection analyses how social institutions contribute to an understanding of development. It shows how labour markets, labour relations and employment patterns respond to institutional forces, and thereby shape development paths and determine how different groups benefit from economic growth.

labor market policy in developing countries: a selective review of the literature and needs for the future

labor market policy in developing countries: a selective review of the literature and needs for the future
Author: Gary S. Fields
Publisher: World Bank Publications
Total Pages: 79
Release: 2007
Genre: Earning
ISBN:

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Abstract: This paper presents a selective overview of the literature on modeling labor market policies in developing countries. It considers welfare economics, theoretical models, and empirical evidence to highlight the three general features needed in future research on labor market policy in developing countries. The author identifies desirable research components (welfare economics, theoretical modeling, and empirical modeling) and pitfalls in the literature (inappropriate use of productivity, reliance on wrong kinds of empirical studies, lack of cost-benefit analysis, attention to only a subset of the goods and bads, and fallacy of composition). The paper concludes with suggested topics and methods for future research. The author states that sound labor market policy requires sound labor market models. The paper makes a case for developing policy based on explicit evaluation criteria, specific theoretical models, and comprehensive empirical evidence.