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Author: Mr.Lorenzo E. Bernal-Verdugo
Publisher: International Monetary Fund
ISBN: 146393842X
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term.
Author: Mr.Lorenzo E. Bernal-Verdugo
Publisher: International Monetary Fund
ISBN: 146393842X
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term.
Author: Gordon Betcherman
Publisher: World Bank Publications
ISBN: 9780821344781
Category : Political Science
Languages : en
Pages : 516
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Book Description
This book looks at the impacts of the Asian economic crisis on the labor market, examining how various countries respondedIt identifies the labour policy reforms needed in areas of unemployment benefit, active labour market programs, support for vulnerable groups and social dialogue.
Author: Arup Banerji
Publisher: World Bank Publications
ISBN: 0821394622
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
This book reviews the experience of workers in developing countries during the global financial crisis of 2009, asseses the recovery, and provides new evidence on the policy response that countries undertook in response to the crisis.
Author: Mr.Olivier J Blanchard
Publisher: International Monetary Fund
ISBN: 1484325486
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
This paper does two things. First, it articulates what are the main implications of theoretical and empirical research for design of labor market policies and labor market institutions. Second, in this light, the paper analyzes the IMF’s labor market recommendations since the beginning of the crisis, both in general, and more specifically in program countries
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498336639
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
The human cost of the recent global crisis is reflected in its impact on the labor market. Explaining why economies with similar downturns had very different employment trends can help design policies to reduce such costs and improve labor markets. This paper analyzes the recent employment experiences of six economies: Germany, Korea, Mexico, New Zealand, Spain, and Sweden. These economies represent a wide range of labor market institutions, policy responses, and outcomes to the crisis. The divergence of labor market outcomes and of the effectiveness of policies during the crisis can be explained by the interaction between the nature of the shocks and differences in the structure and institutions of each country’s economy. The worst job losses compared to the drop in output followed permanent shocks, particularly in dual labor markets and in the presence of wage rigidities. Policies to avoid job cuts were much more effective when they were well-targeted and responded to temporary shocks. In contrast, policies to facilitate labor movements were more appropriate following permanent shocks.
Author: Richard Layard
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
This is a fully revised and updated version of the author's undergraduate textbook on unemployment, previously titled "Unemployment: Macroeconomic Performance and the Labour Market". The authors question the inevitability of present levels of unemployment in the Western world.
Author: Tamar Mayer
Publisher: Routledge
ISBN: 1351247646
Category : Science
Languages : en
Pages : 208
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Book Description
Since the economic and financial crisis of 2008, the proportion of unemployed young people has exceeded any other group of unemployed adults. This phenomenon marks the emergence of a laborscape. This concept recognizes that, although youth unemployment is not consistent across the world, it is a coherent problem in the global political economy. This book examines this crisis of youth unemployment, drawing on international case studies. It is organized around four key dimensions of the crisis: precarity, flexibility, migration, and policy responses. With contributions from leading experts in the field, the chapters offer a dynamic portrait of unemployment and how this is being challenged through new modes of resistance. This book provides cross-national comparisons, both ethnographic and quantitative, to explore the contours of this laborscape on the global, national, and local scales. Throughout these varied case studies is a common narrative from young workers, families, students, volunteers, and activists facing a new and growing problem. This book will be an imperative resource for students and researchers looking at the sociology of globalization, global political economy, labor markets, and economic geography.
Author: Sotiria Theodoropoulou
Publisher: Policy Press
ISBN: 1447335864
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
This book offers a close examination of current labor market and unemployment policies throughout Europe from 2010, when post-crisis austerity became the norm, to the present. Expert contributors present detailed national case studies, showing how policies have changed--or, in some cases, remained largely the same--in this period; taken together, the case studies enable researchers to make fruitful comparisons across the continent and determine what direction policy has been moving and whether those policy changes have been effective.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264353208
Category :
Languages : en
Pages : 370
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Book Description
The 2020 edition of the OECD Employment Outlook focuses on worker security and the COVID-19 crisis.
Author: Mr.Lorenzo E. Bernal-Verdugo
Publisher: International Monetary Fund
ISBN: 1463948905
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
The aim of this paper is to analyze the relationship between labor market flexibility and unemployment outcomes. Using a panel of 97 countries from 1985 to 2008, the results of the paper suggest that improvements in labor market flexibility have a statistically and significant negative impact on unemployment outcomes (over unemployment, youth unemployment and long-term unemployment). Among the different labor market flexibility indicators analyzed, hiring and firing regulations and hiring costs are found to have the strongest effect.
