Wage Structures, Employment Adjustments and Globalization

Wage Structures, Employment Adjustments and Globalization PDF Author: David Marsden
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
This volume examines the development of linked and panel data sets for European labour market and social policy analysis, with special focus on labour turnover flows and mobility, the role of labour market institutions and firms human resource strategies in relation to wages, and the labor market outcomes of internationalization.

Wage Structures, Employment Adjustments and Globalization

Wage Structures, Employment Adjustments and Globalization PDF Author: David Marsden
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

Get Book Here

Book Description
This volume examines the development of linked and panel data sets for European labour market and social policy analysis, with special focus on labour turnover flows and mobility, the role of labour market institutions and firms human resource strategies in relation to wages, and the labor market outcomes of internationalization.

Globalisation and Labour Market Adjustment

Globalisation and Labour Market Adjustment PDF Author: D. Greenaway
Publisher: Springer
ISBN: 0230582389
Category : Business & Economics
Languages : en
Pages : 227

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Book Description
Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic. Workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, and asks whether the concerns are warranted.

Globalization, Wages, and the Quality of Jobs

Globalization, Wages, and the Quality of Jobs PDF Author: Raymond Robertson
Publisher: World Bank Publications
ISBN: 0821379550
Category : Political Science
Languages : en
Pages : 304

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Book Description
Since the early 1990s, most developing economies have become more integrated with the world s economy. Trade and foreign investment barriers have been progressively lifted and international trade agreements signed. These reforms have led to important changes in the structures of these economies. The labor markets have adjusted to these major changes, and workers were required to adapt to them in one way or another. In 2006, the Social Protection Unit of the World Bank launched an important research program to understand the impact that these profound structural changes have had on workers in developing countries. 'Globalization, Wages, and the Quality of Jobs: Five Country Studies' presents the findings and insights of this important research program. In particular, the authors present the similar experiences of low-income countries with globalization and suggest that low-income countries working conditions have improved in the sectors exposed to globalization. However, 'Globalization, Wages, and the Quality of Jobs' also highlights concerns about the sustainability of these improvements and that the positive demonstration effects on the rest of the economy are unclear. The empirical literature that exists, although vast, does not lead to a consensus view on globalization s eventual impact on labor markets. Understanding the effects of globalization is crucial for governments concerned about employment, working conditions, and ultimately, poverty reduction. Beyond job creation, improving the quality of those jobs is an essential condition for achieving poverty reduction. 'Globalization, Wages, and the Quality of Jobs' adds to the existing literature in two ways. First, the authors provide a comprehensive literature review on the current wisdom on globalization and present a micro-based framework for analyzing globalization and working conditions in developing countries. Second, the authors apply this framework to five developing countries: Cambodia, El Salvador, Honduras, Indonesia, and Madagascar. This volume will be of interest to government policy makers, trade officials, and others working to expand the benefits of globalization to developing countries.

Trade, Investment, Migration and Labour Market Adjustment

Trade, Investment, Migration and Labour Market Adjustment PDF Author: D. Greenaway
Publisher: Springer
ISBN: 1403920184
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
Globalization and the growing integration of national markets have had profound effects on the operation of markets, not least labour markets. In this book, a range of leading commentators on globalization and labour markets present original contribution on the interaction between these two areas. This book assesses the impact of globalization on trade, cross-border investment and migration from both a theoretical and econometric standpoint and discusses the possible applications of this analysis for both industrialized and developing countries.

Globalization of the Economy, Unemployment and Innovation

Globalization of the Economy, Unemployment and Innovation PDF Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 3642584675
Category : Business & Economics
Languages : en
Pages : 257

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Book Description
Economic globalization has intensified since the 1980s and created faster channels of international interdependence and an accelerating technology race. In this new asymmetric world economy the EU is facing a dynamic and flexible US system which takes advantage of the global quest for foreign direct investment. Innovation policies in the EU - in particular in Germany - are found to be rather inadequate. There are also new theoretical challenges where a "structural macro model" and a Schumpetrian model of innovation and full employment are presented as new approaches. Besides theoretical challenges the increasing global dynamics raise new problems of international policy coordination which could lead to unsustainable economic globalization.

The Labor Market and Economic Adjustment

The Labor Market and Economic Adjustment PDF Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451854781
Category : Business & Economics
Languages : en
Pages : 98

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Book Description
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Labor Markets in the Global Economy

Labor Markets in the Global Economy PDF Author: Erich Gundlach
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 36

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Book Description
The strikingly different labor market performance of major industrial countries suggests that neither globalization nor skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers. Rather, globalization and technological change cause labor market problems in those economies that fail to adjust sectoral production structures in accordance with their comparative advantages. Labor market outcomes in Germany - especially when compared with the United States - suggest that high unemployment is the price for insufficient wage flexibility. However, the experience of Japan and the United Kingdom points to missing links in the debate on labor market effects of globalization and skill-biased technological change. In Japan, both unemployment and wage disparities remained low. The contrasting experience is provided by the United Kingdom, where the rising wage gap did not prevent high unemployment of low-skilled workers. All major industrial countries have been confronted with fiercer import competition and outsourcing in low-skill labor-intensive industries. But the response to this common challenge has different remarkably. Japan has outperformed its major competitors in restructuring manufacturing employment towards more sophisticated lines of production, and in achieving an appropriate pattern of trade specialization. Hence, structural change is the key to avoid labor market problems in the era of globalization. Different labor market outcomes are closely related to differences in the rate of factor accumulation, which comprises physical, human and technological capital. Especially industrial countries currently plagued with high unemployment have little choice but to forego consumption today in order to improve future real incomes and employment opportunities of lowskilled workers. Thus, successful structural change does not come for free.

Trade and Structural Adjustment Embracing Globalisation

Trade and Structural Adjustment Embracing Globalisation PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264010971
Category :
Languages : en
Pages : 338

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Book Description
Trade and Structural Adjustment: Embracing Globalisation identifies the requirements for successful reallocation of labour and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences.

The Effect of Globalization on Wages in the Advanced Economies

The Effect of Globalization on Wages in the Advanced Economies PDF Author: Matthew J. Slaughter
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Increased globalization--the international integration of markets for goods, factors, and technology--has coincided in the past two decades with a shift in labor demand away from less-skilled workers toward those with more skills. This shift in labor demand has produced a widening of the gap in wages between the two groups of workers, along with rises in income inequality and unemployment, primarily among low-skilled workers. This paper summarizes research on the connection between globalization and labor markets in the advanced economies. Much of the concern about the effects of globalization has focused on the impact of imports from developing countries on wages, employment, and income inequality. However, the consensus of empirical research is that increased trade accounts for only about 10 to 20 percent of the changes in wages and income distribution in the advanced economies. The more important influence on labor markets in the 1980's and 1990's has been a technology-driven shift in labor demand away from less-skilled workers and towards more-skilled workers. This has resulted in increased wage inequality in some countries and in lower relative employment among unskilled workers in others. Increased capital mobility, including the "outsourcing" of production to low-wage countries, as well as immigration from developing countries to the advanced economies appear to have had only modest effects on labor markets in the advanced economies. Nonetheless, increased globalization can increase the sensitivity of wages and employment to external shocks and thereby contribute to increased job insecurity. Moreover, the burden of adjusting to changes in the global economy falls most heavily on low-skilled workers. Policymakers must keep in mind potential social dislocations from these changes and ensure that those who are displaced do not become marginalized. It is important, however, that any policy actions do not impede adjustment, but rather provide incentives for workers and firms to adjust to and therefore gain from changes in the global economic environment.

Structural Adjustment & Employment Policy

Structural Adjustment & Employment Policy PDF Author: J. F. J. Toye
Publisher: International Labour Organization
ISBN: 9789221094456
Category : Employment
Languages : en
Pages : 102

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Book Description
"The interaction of structural adjustment policies with the evolution of wages and employment worldwide, and ... the examples of Chile and Indonesia during recent periods of policy reform."--Page 4 of cover.