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Author: Maurice W. Schiff
Publisher: World Bank Publications
ISBN:
Category : Bonds
Languages : en
Pages : 32
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Book Description
Social capital raises productivity and falls with labor mobility. Because labor mobility generates a negative externality, integration of labor markets results in too much mobility, too low a level of social capital, and an ambiguous effect on welfare. Trade liberalization is superior to labor market integration because it reduces mobility and the negative externality associated with it.
Author: Maurice W. Schiff
Publisher: World Bank Publications
ISBN:
Category : Bonds
Languages : en
Pages : 32
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Book Description
Social capital raises productivity and falls with labor mobility. Because labor mobility generates a negative externality, integration of labor markets results in too much mobility, too low a level of social capital, and an ambiguous effect on welfare. Trade liberalization is superior to labor market integration because it reduces mobility and the negative externality associated with it.
Author: Maurice Schiff
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
Social capital raises productivity and falls with labor mobility. Because labor mobility generates a negative externality, integration of labor markets results in too much mobility, too low a level of social capital, and an ambiguous effect on welfare. Trade liberalization is superior to labor market integration because it reduces mobility and the negative externality associated with it.Labor market integration is typically assumed to improve welfare in the absence of distortions, because it allows labor to move to where returns are highest.Schiff examines this result in a simple general equilibrium model in the presence of a common property resource: social capital.Drawing on evidence that social capital raises productivity and falls with labor mobility, Schiff's main findings are that:middot; Labor market integration imposes a negative externality and need not raise welfare.middot; The welfare impact is more beneficial (or less harmful) the greater the difference in endowments is between the integrating regions.middot; Whether positive or negative, the welfare impact is larger the more similar the levels of social capital of the integrating regions are and the lower the migration costs are.middot; Trade liberalization generates an additional benefit-over and above the standard gains from trade - by reducing labor mobility and the negative externality associated with it. Trade liberalization is superior to labor market integration.middot; The creation of new private or public institutions in response to labor market integration may reduce welfare.Schiff shows that the welfare implications depend on two parameters of the model, the curvature of the utility function and the cost of private migration.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the link between market performance and welfare.
Author: Ben Fine
Publisher: Routledge
ISBN: 113457830X
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
The idea of Social Capital is an attempt to incorporate social considerations into mainstream economic thinking. Its proponents feel that social factors are properly quantifiable. So, they use the compex algebra and statistics beloved of mainstream economic theory and measure 'units' of health care or education in the same way that they would machinery or transport. Ben Fine's main argument in this book is that such concers cannot be judged in terms of mathematical methods and that to try t odo so is overly simplistic. Fine assesses the impact of Social Impact across the social sciences and shows how economic analysis is being subsumed into these areas and how thinking in sociology and politics impacts upon economics.
Author: Partha Dasgupta
Publisher: World Bank Publications
ISBN: 9780821350041
Category : Political Science
Languages : en
Pages : 438
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Book Description
This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
Author: Timothy Dunne
Publisher: University of Chicago Press
ISBN: 0226172570
Category : Business & Economics
Languages : en
Pages : 623
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Book Description
The Census Bureau has recently begun releasing official statistics that measure the movements of firms in and out of business and workers in and out of jobs. The economic analyses in Producer Dynamics exploit this newly available data on establishments, firms, and workers, to address issues in industrial organization, labor, growth, macroeconomics, and international trade. This innovative volume brings together a group of renowned economists to probe topics such as firm dynamics across countries; patterns of employment dynamics; firm dynamics in nonmanufacturing industries such as retail, health services, and agriculture; employer-employee turnover from matched worker/firm data sets; and turnover in international markets. Producer Dynamics will serve as an invaluable reference to economists and policy makers seeking to understand the links between firms and workers, and the sources of economic dynamics, in the age of globalization.
Author: Jonathan Isham
Publisher: Edward Elgar Publishing
ISBN: 9781781950388
Category : Political Science
Languages : en
Pages : 264
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Book Description
The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.
Author: Bram Lancee
Publisher: Amsterdam University Press
ISBN: 9089643575
Category : Social Science
Languages : en
Pages : 382
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Book Description
"To what extent can different forms of social capital help immigrants make headway on the labour market? An answer to this pressing question begins here. Taking the Netherlands and Germany as case studies, the book identifies two forms of social capital that may work to increase employment, income and occupational status and, conversely, decrease unemployment. New insights into the concepts of bonding and bridging arise through quantitative research methods, using longitudinal and crosssectional data. Referring to a dense network with 'thick' trust, bonding is measured as family ties, co-ethnic ties and trust in the family. Bridging is seen in terms of interethnic ties, thus implying a crosscutting network with 'thin' trust. Immigrant Performance in the Labour Market reveals that although bonding allows immigrants to get by, bridging enables them to get ahead"--Publisher's description.
Author: Max Miller
Publisher: Routledge
ISBN: 1134274017
Category : Business & Economics
Languages : en
Pages : 374
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Book Description
Efforts to combine the outstanding economic performance in the decades following the Second World War with social security appear to be endangered half way through the first decade of the 21st century. This book draws together an international team of contributors, including Douglass North, Harold Demsetz and Michael Piore to assess the current world order.
Author: International Labour Office. Bureau of Library and Information Services
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 522
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Book Description
Author: Dorsati Madani
Publisher: World Bank Publications
ISBN:
Category : Globalization
Languages : en
Pages : 114
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Book Description
As instruments for encouraging economic development, export processing zones have only limited usefulness. A better policy choice is general liberalization of a country's economy.
