Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility

Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 33
Release: 1994-12-01
Genre: Business & Economics
ISBN: 1451856938

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This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions emerge: (i) the long-term unemployed do not exert a negative impact on wages; and (ii) there is some evidence that the incumbent workers, the “insiders,” exercise market power in wage determination, taking greater account of their own interests than those of the unemployed “outsiders.” In addition, it is argued that the automatic indexation of wages to prices in Belgium can cause a downward rigidity in real wages, given the multi-tier real wage bargaining process. Recent initiatives, including the introduction of a competitiveness norm for indexation, and labor market programs aimed at the long-term unemployed and the young, such as the plan d’accompagnement and the plan d’embauche des jeunes, are appropriate in view of the existence of insider power in wage determination.

Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility

Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility
Author: Reza Moghadam
Publisher:
Total Pages: 34
Release: 2006
Genre:
ISBN:

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This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions emerge: (i) the long-term unemployed do not exert a negative impact on wages; and (ii) there is some evidence that the incumbent workers, the quot;insiders,quot; exercise market power in wage determination, taking greater account of their own interests than those of the unemployed quot;outsiders.quot; In addition, it is argued that the automatic indexation of wages to prices in Belgium can cause a downward rigidity in real wages, given the multi-tier real wage bargaining process. Recent initiatives, including the introduction of a competitiveness norm for indexation, and labor market programs aimed at the long-term unemployed and the young, such as the plan d`accompagnement and the plan d`embauche des jeunes, are appropriate in view of the existence of insider power in wage determination.

When Old Technologies Were New

When Old Technologies Were New
Author: Carolyn Marvin
Publisher: Oxford University Press
Total Pages: 294
Release: 1990-05-24
Genre: Technology & Engineering
ISBN: 0198021380

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In the history of electronic communication, the last quarter of the nineteenth century holds a special place, for it was during this period that the telephone, phonograph, electric light, wireless, and cinema were all invented. In When old Technologies Were New, Carolyn Marvin explores how two of these new inventions--the telephone and the electric light--were publicly envisioned at the end of the nineteenth century, as seen in specialized engineering journals and popular media. Marvin pays particular attention to the telephone, describing how it disrupted established social relations, unsettling customary ways of dividing the private person and family from the more public setting of the community. On the lighter side, she describes how people spoke louder when calling long distance, and how they worried about catching contagious diseases over the phone. A particularly powerful chapter deals with telephonic precursors of radio broadcasting--the "Telephone Herald" in New York and the "Telefon Hirmondo" of Hungary--and the conflict between the technological development of broadcasting and the attempt to impose a homogenous, ethnocentric variant of Anglo-Saxon culture on the public. While focusing on the way professionals in the electronics field tried to control the new media, Marvin also illuminates the broader social impact, presenting a wide-ranging, informative, and entertaining account of the early years of electronic media.

Technical, Economic and Societal Effects of Manufacturing 4.0

Technical, Economic and Societal Effects of Manufacturing 4.0
Author: Mikael Collan
Publisher: Palgrave Macmillan
Total Pages: 266
Release: 2020-10-01
Genre: Business & Economics
ISBN: 9783030461027

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This open access book is among the first cross-disciplinary works about Manufacturing 4.0. It includes chapters about the technical, the economic, and the social aspects of this important phenomenon. Together the material presented allows the reader to develop a holistic picture of where the manufacturing industry and the parts of the society that depend on it may be going in the future. Manufacturing 4.0 is not only a technical change, nor is it a purely technically driven change, but it is a societal change that has the potential to disrupt the way societies are constructed both in the positive and in the negative. This book will be of interest to scholars researching manufacturing, technological innovation, innovation management and industry 4.0.

Temperate Agroforestry Systems

Temperate Agroforestry Systems
Author: Andrew M Gordon
Publisher: CABI
Total Pages: 327
Release: 2018-03-07
Genre: Technology & Engineering
ISBN: 178064485X

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Organic animal production has increased rapidly in recent years to keep up with the increasing consumer demand for organic meats. There are many guidelines and restrictions on what should go into the feedstuffs of organically farmed animals, from which difficulties arise when trying to ensure a well-balanced, nutritious diet without the use of any supplements. The book has been completely updated and revised to address how to formulate organic diets in situations where there is a declining supply of organic feed, as well as the feasibility of utilizing novel feedstuffs and their acceptability by consumers of organic meat products. Including the experiences of producers in relation to appropriate breeds and production systems for forage-based organic production, this book is an important read for researchers and students of organic food animal production, veterinary sciences and food; as well as food industry personnel and organic farmers.

Heartwood

Heartwood
Author: Rowan Reid
Publisher:
Total Pages: 0
Release: 2017-09
Genre: Agroforestry
ISBN: 9781925556117

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How can cutting down a tree be good for the environment? Why do we assume trees can only be grown for EITHER conservation OR profit, but never both? What if there was a way that landholders could profit from harvesting timber from the trees they plant for stock shelter, biodiversity, soil erosion control and beautification - whilst also helping control climate change? In Heartwood- The art and science of growing trees for conservation and profit, Rowan proposes a radical new approach to forestry and Landcare that challenges the idea that harvesting trees for timber is always bad for the environment. In fact, using real examples from his own farm and others around Australia and overseas, he proves that cutting down trees for firewood, furniture and building timbers can not only be good for the environment, it can also help pay the cost of large-scale landscape restoration. This book offers landholders, governments and the conservation movement a practical commercial solution to their environmental problems. Heartwood will fundamentally change the way people think about the future of forestry and in doing so it will encourage more landholders to grow more trees for the benefit of their land and all that depend on it.