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Labor Market Institutions and Labor Market Performance

Labor Market Institutions and Labor Market Performance
Author: Hartmut Lehmann
Publisher:
Total Pages:
Release: 2010
Genre:
ISBN:

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This paper studies the relationship between labor market institutions and policies and labor market performance using a new and unique dataset that covers the countries of Eastern Europe and Central Asia, which in the last two decades experienced radical economic and institutional transformations. We document a clear trend towards liberalization of labor markets, especially in the countries of the former Soviet Union, but also substantial differences across the countries studied. Our econometric analysis implies that institutions matter for labor market outcomes, and that deregulation of labor markets improves their performance. The analysis also suggests several significant interactions between different institutions, which are in line with the idea of beneficial effects of reform complementarity and broad reform packages. Finally, we show that there are important advantages of focusing on a broader set of labor market outcomes, and not only on the unemployment rate, which until now has been the main approach in the empirical literature.


Labor Market Performance in Transition

Labor Market Performance in Transition
Author: Mr. Philippe Egoumé-Bossogo
Publisher: International Monetary Fund
Total Pages: 94
Release: 2006-07-10
Genre: Business & Economics
ISBN: 1451953992

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More than a decade after the start of the transition process, unemployment rates remain in the double digits in a number of Central and Eastern European countries. That unemployment rates have failed to decline, even in countries experiencing good growth, is puzzling. In this paper the authors examine three interrelated questions: How has the transition from central planning to market economies affected labor market performance? How have labor market institutions and policies influenced developments? Why have regional differences in unemployment persisted? The authors take an eclectic methodological approach: construction of a new data set and a simple analytical model; econometric estimation; and case studies. They find that faster-performing countries have better unemployment records; that labor market policies have some, but not dominant, influence over labor market outcomes; that policies not typically viewed as labor market policies can nevertheless significantly affect labor markets; and that market processes cannot be relied on to eliminate regional differences in unemployment.


Designing Labor Market Institutions in Emerging and Developing Economies

Designing Labor Market Institutions in Emerging and Developing Economies
Author: Mr.Romain A Duval
Publisher: International Monetary Fund
Total Pages: 58
Release: 2019-05-21
Genre: Business & Economics
ISBN: 1498313264

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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.


Labour Markets in Transition

Labour Markets in Transition
Author: Sandrine Cazes
Publisher: International Labour Organization
Total Pages: 180
Release: 2003
Genre: Business & Economics
ISBN: 9789221137238

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"This book aims to contribute to [the] debate on the degree of flexibility and security needed for the transition countries, and its implications for the new direction of labour market and social policies."--Foreword.


In Defence of Labour Market Institutions

In Defence of Labour Market Institutions
Author: J. Berg
Publisher: Springer
Total Pages: 310
Release: 2008-02-22
Genre: Business & Economics
ISBN: 0230584209

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Though labour market regulations have been blamed for the poor economic performance of many developing countries, the evidence on which this argument rests is weak. Through a survey of different labour market institutions in developing countries, this book reaffirms the importance of labour market institutions in this era of globalization.


Active Labor Market Policies in Europe

Active Labor Market Policies in Europe
Author: Jochen Kluve
Publisher: Springer Science & Business Media
Total Pages: 223
Release: 2007-02-23
Genre: Business & Economics
ISBN: 3540485589

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Measures of Active Labor Market Policy - such as training, wage subsidies, public employment measures, and job search assistance - are widely used in European countries to combat unemployment. This study provides novel insight on this important policy issue by discussing the role of the European Commission's Employment Strategy, reviewing the experiences made in European states, and giving the first ever quantitative assessment of the existing cross-country evidence.


Institutions and Regional Labour Markets in Europe

Institutions and Regional Labour Markets in Europe
Author: Lambert van der Laan
Publisher: Routledge
Total Pages: 324
Release: 2019-05-23
Genre: Business & Economics
ISBN: 0429766971

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First published in 1998, this volume examines the performance of labour markets against the background of different economic and institutional settings in Western and Eastern Europe. The book gives a clear picture of the mosaic of impressive transformations presently taking place in Western and Eastern European labour markets and provides access to information which was previously either widely dispersed or non-existent. The book gives detailed information about how countries and regions deal with transformations described. The substantive country-wide and regional diversity that is discussed allows the reader to understand the role of labour and institutions in the development of countries and regions. The book is written by labour market and regional experts from the various countries concerned.


Labor Market Institutions and Informality in Transition and Latin American Countries

Labor Market Institutions and Informality in Transition and Latin American Countries
Author: Hartmut Lehmann
Publisher:
Total Pages: 0
Release: 2012
Genre:
ISBN:

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This paper analyzes, using country-level panel data from transition economies and Latin America, the impact of labor market institutions on informal economic activity. The measure of informal economic activity is taken from Schneider et al. (2010), the most comprehensive study to date. The data on institutions, which cover employment protection legislation (EPL), the tax wedge, the unemployment benefit level, unemployment benefit duration and union density, are assembled at the IZA (transition countries) and the World Bank (LAC countries). We find that a more regulated labor market (higher EPL) increases the size of the informal economy. There is also evidence that a larger tax wedge increases informality. The tax wedge elasticity of informal economy, when evaluated at the sample mean, is rather modest, around 0.1%. Our results are broadly in line with the literature, which identifies labor market regulation and the tax wedge as important drivers of informality.