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| Author | : Sandrine Cazes |
| Publisher | : Springer |
| Total Pages | : 299 |
| Release | : 2013-08-09 |
| Genre | : Business & Economics |
| ISBN | : 1137325356 |
The past few decades have witnessed the economic and geopolitical rise of a number of large middle-income countries around the world. This volume focuses on the labour market situations, trends and regulations in these emerging economies.
| Author | : Ms.Emine Boz |
| Publisher | : International Monetary Fund |
| Total Pages | : 51 |
| Release | : 2012-10-02 |
| Genre | : Business & Economics |
| ISBN | : 1475511205 |
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical interest rate shocks can jointly account for these regularities. In the face of countercyclical interest rate shocks, search-matching frictions increase future employment uncertainty, improving workers’ incentive to save and generating a greater response of consumption and the current account. Higher consumption response in turn feeds into larger fluctuations in the workers’ bargaining power while the interest rates shocks lead to variations in the firms’ willingness to hire; both of which contribute to a highly variable real wage.
| Author | : Emine Boz |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
This paper shows that labor markets of emerging economies are characterized by large fluctuations in wages while employment fluctuations are subdued. We find that a real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions can account for these aforementioned regularities. Moreover, the joint interaction of countercyclical interest rates and search-matching frictions can go a long way in accounting for higher consumption variability relative to output and countercyclical current account observed in emerging markets. Extending this baseline model to incorporate procyclical variations in the technical efficiency at which matches are generated, the model can match the unemployment variability observed in the data.
| 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.
| Author | : Mr.JaeBin Ahn |
| Publisher | : International Monetary Fund |
| Total Pages | : 30 |
| Release | : 2019-01-22 |
| Genre | : Business & Economics |
| ISBN | : 1484393902 |
Economic development and growth depend on a country’s young people. With most of their working life ahead of them they make up about a third of the working-age population in the typical emerging market and developing economy. But the youth in these economies face a daunting labor market—about 20 percent of them are neither employed, in school, nor in training (the youth inactivity rate). This is double the share in the average advanced economy. Were nothing else to change, bringing youth inactivity in these economies down to what it is in advanced economies and getting those inactive young people into new jobs would have a striking effect. The working-age employment rate in the average emerging market and developing economy would rise more than 3 percentage points, and real output would get a 5 percent boost.
| Author | : D Sapsford |
| Publisher | : Routledge |
| Total Pages | : 264 |
| Release | : 2013-04-17 |
| Genre | : Business & Economics |
| ISBN | : 1135045593 |
First published in 1981, Labour Market Economics develops the basic economic theory of introductory courses within the context of labour market analysis and applies it both to particular features and special problems of the subject. The author begins by outlining the nature of the area and the structure of the UK labour market at the time, and proceeds to explain and elaborate the tools of theoretical analysis. These are then applied in subsequent chapters to a variety of issues, including the economic analysis of trade unions, collective bargaining and the effects of unions, unemployment, wage inflation and the inequality of pay. Throughout the book, emphasis is placed on the economic theory of the labour market and the role of empirical work in testing its predictions, and wherever available, evidence from studies of the UK labour markets is cited.
| Author | : Arvo Kuddo |
| Publisher | : |
| Total Pages | : 136 |
| Release | : 1995 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Kantha Dayaram |
| Publisher | : Routledge |
| Total Pages | : 188 |
| Release | : 2020-04-21 |
| Genre | : Business & Economics |
| ISBN | : 1000068455 |
This edited volume examines how forces of globalization, demographic and technological change are manifested and accommodated in an emerging economy such as Indonesia, which has a large workforce pool. Using the human resource development framework, the book explains the opportunities and challenges in developing human capabilities to support current and future living standards. It looks at human development challenges across the spectrum of workforce skills and across the spectrum of formal and informal labour markets. Through the case study on Indonesia, this book presents many of the features and issues that are present in emerging economies as they grapple with human resource development in the globalized and networked era. This book will appeal to researchers and policy makers working in the areas of human resource and economic development.
| Author | : Janine Berg |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 430 |
| Release | : 2015-01-30 |
| Genre | : Business & Economics |
| ISBN | : 1784712108 |
Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti
| Author | : Amine, Samir |
| Publisher | : IGI Global |
| Total Pages | : 217 |
| Release | : 2020-06-26 |
| Genre | : Business & Economics |
| ISBN | : 179982781X |
Persistent unemployment and rising wage differences at the expense of low-skilled workers has characterized the labor market in most developed countries. Since the last economic crisis, unemployment rates and pay inequalities have increased among workers under 25 years of age, thus creating an ever-widening financial gap for an entire generation. Those who do not have a qualification or post-secondary diploma often find themselves in precarious jobs at minimum wage. Countries are now working to adopt reforms to improve the situation of young people in the labor market. International Perspectives on the Youth Labor Market: Emerging Research and Opportunities provides emerging research exploring the theoretical and practical aspects of financial inequality and applications within global economics. Unlike literature that focuses only on developed countries, this book also addresses emerging economies whose labor market is often characterized by a dualism that makes the situation of young workers worse. Featuring coverage on a broad range of topics such as unemployment rate, labor reform, and job insecurity, this book is ideally designed for economists, government officials, policymakers, executives, managers, business professionals, researchers, academicians, and students.
