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Labor Market Adjustment


Labor Market Adjustment
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Labor Market Adjustments In The Pacific Basin


Labor Market Adjustments In The Pacific Basin
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Author : Peter Chinloy
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Labor Market Adjustments In The Pacific Basin written by Peter Chinloy and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


Peter T. Chinloy and Ernst W. Stromsdorfer I. Background to Adjustments in Labor Markets The book examines the process of adjustment in labor markets across countries arising from external shocks and shifts in international competi tiveness. The examination of specific countries and their data permits a comparison of alternative institutions for compensating and redeploying labor. Four countries are involved, whose labor markets are both competi tive and complementary: Canada, Japan, Mexico, and the United States. Both public labor market institutions, such as direct government com~ pensation of displaced workers and the effect of unemployment insurance, and private market arrangements, such as em loyer-employee agreements on layoffs, the work contract, and severance pay, are considered. Compara tive examination across countries of labor market and related insitutions is thus possible. The book has a common theme, namely the adjustment of labor markets to exogenous shocks, particularly those externally induced. The unifying focus in on workers whose specific skills in an industry or firm render them relatively immobile.



Retraining And Labor Market Adjustment In Western Europe


Retraining And Labor Market Adjustment In Western Europe
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Author : Margaret S. Gordon
language : en
Publisher:
Release Date : 1964

Retraining And Labor Market Adjustment In Western Europe written by Margaret S. Gordon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Labor supply categories.


Contents: Postwar labor market development; Retraining in the first postwar decade, 1945-1955; Retraining in tighter labor markets, 1955-1964; Older workers, younger workers, and other special groups; Results of retraining; Current and future problems.



Regional Labor Market Adjustments In The United States


Regional Labor Market Adjustments In The United States
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Author : Mai Dao
language : en
Publisher: International Monetary Fund
Release Date : 2014-11-25

Regional Labor Market Adjustments In The United States written by Mai Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-25 with Business & Economics categories.


We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.



Labor Market Adjustments To Shocks In Australia


Labor Market Adjustments To Shocks In Australia
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Author : Mr.Adil Mohommad
language : en
Publisher: International Monetary Fund
Release Date : 2017-05-24

Labor Market Adjustments To Shocks In Australia written by Mr.Adil Mohommad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-24 with Business & Economics categories.


Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several aspects of the adjustment, focusing on (i) evidence of increased labor market frictions following the commodity price decline; (ii) flexibility in labor input adjustment in response to demand shocks; (iii) changes in labor productivity in the wake of resource reallocation with the decline in mining investment, (iv) and the role of migration in adjusting to the commodity price and mining investment cycle. We find little evidence of increased labor market frictions with the decline in commodity prices. The relatively smooth transition has been assisted by increased flexibility in adjustment of worker hours over time. Labor productivity growth has sustained its historical average through the transition, despite some temporary drag as the economy rebalances. Finally, migration has played a key role in labor market adjustment through the commodity cycle.



Migration And Labor Market Adjustment


Migration And Labor Market Adjustment
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Author : Jouke van Dijk
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14

Migration And Labor Market Adjustment written by Jouke van Dijk and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with Business & Economics categories.




Regional Labor Market Adjustments In The United States And Europe


Regional Labor Market Adjustments In The United States And Europe
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Author : Mai Dao
language : en
Publisher: International Monetary Fund
Release Date : 2014-02-11

Regional Labor Market Adjustments In The United States And Europe written by Mai Dao and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-11 with Business & Economics categories.


We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.



Labor Market Adjustment In Canada And The United States


Labor Market Adjustment In Canada And The United States
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Author : Mr.Eswar Prasad
language : en
Publisher: International Monetary Fund
Release Date : 1997-01-01

Labor Market Adjustment In Canada And The United States written by Mr.Eswar Prasad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.


This paper provides a quantitative assessment of the relative importance of different labor market adjustment mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor market adjustment. At the aggregate level, employment growth shocks result in similar unemployment rate responses but smaller wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of aggregate real wage flexibility in Canada has not been an important determinant of unemployment persistence.



Globalisation And Labour Market Adjustment


Globalisation And Labour Market Adjustment
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Author : D. Greenaway
language : en
Publisher: Springer
Release Date : 2008-04-17

Globalisation And Labour Market Adjustment written by D. Greenaway and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-17 with Business & Economics categories.


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.



Labor Market Adjustment


Labor Market Adjustment
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Author : Frank Bodmer
language : en
Publisher:
Release Date : 2000

Labor Market Adjustment written by Frank Bodmer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Flextime categories.




Work And Change


Work And Change
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Author : Committee for Economic Development. Research and Policy Committee
language : en
Publisher:
Release Date : 1987

Work And Change written by Committee for Economic Development. Research and Policy Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.


The net effect on employment of structural changes now occurring in the United States will be determined by the actions that government, management, and labor take to create and support the conditions for new opportunity and to encourage people to move from old to new work. Many of the measures that need to be taken to ensure profitability involve changes in the type of work done and the number of people employed. Labor adjustment policies have to be factored into any decision taken by management to improve competitive position. The six crucial elements around which adjustment policies in the private sector should be structured are: (1) communication between management and labor regarding competitive realities, steps needed to improve market position, and rewards employees can expect; (2) employee involvement at the work level in the design and implementation of productivity improvements; (3) flexible total compensation that links wages and benefits to profitability; (4) advance notification to employees, unions, and the community of decisions affecting jobs; (5) reorientation of employee benefits so that employees moving between firms do not lose them; and (6) support programs that allow workers to shift to new opportunities. The critical elements around which public sector adjustment policies should be structured are incentives to reemployment, coordination of public and private resources, commitment to job training programs, promotion of economic development strategies, and educational reform to emphasize the skills and attitudes needed to prepare students for higher-skilled, technology-based jobs. (The document contains 164 references.) (CML)