The Labor Market Dynamics Of Economic Restructuring
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The Labor Market Dynamics Of Economic Restructuring
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Author : Ronald Schettkat
language : en
Publisher: Praeger
Release Date : 1992-02-28
The Labor Market Dynamics Of Economic Restructuring written by Ronald Schettkat and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-02-28 with Business & Economics categories.
This study examines the labor markets of the United States and Germany, developing a framework for the analysis of labor market dynamics based upon the dynamic flow analysis, instead of the conventional labor stock data. Until recently, labor market analysis was mainly based on stock data, which is a suitable data source for structural and aggregate phenomena but does not allow for the analysis of processes that are behind the net changes identified by stock data. To identify the dynamic elements in the labor market, information on flows is needed. In recent years flow data have become available, indicating that an enormous amount of that labor market mobility is occurring every month. The use of flow data to analyze questions of the mismatch in the labor market and the underlying labor market dynamics has been suggested recently by scholars. The analysis presented in this study of the labor market in the U.S. and Germany uses these data to link dynamic concepts of labor market adjustment to flow data. This study will be of interest to scholars in labor economics and industrial organization.
Unemployment Dynamics In The United States And West Germany
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Author : Markus Gangl
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Unemployment Dynamics In The United States And West Germany written by Markus Gangl 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.
In writing this book, I increasingly became aware of the extent to which much of the finest social science research has been devoted to the issue of unemployment. Unemployment rightly is a key issue in the social sciences for search of social and political answers to the economic, social and psychological distress caused by un certainty and macroeconomic change. I was glad to find my own worries shared by eminent and respected scholars: George Akerlof once confessed to pursue the study of unemployment ultimately because of his father's distress from fear of un employment, and Wout Ultee started research on unemployment from the consid eration that parents' talk about unemployment risks should not come to dominate marriage parties or other family occasions. The problem of unemployment is thus hardly confmed to actual loss of income, but one where economic insecurity be gins to undermine the very fabric of society. In consequence, to combat unem ployment should indeed be a foremost issue in societies striving for freedom and justice for their citizenry, yet to succeed obviously requires an understanding of the underlying economic realities. If this study could contribute to this endeavor, all the time spent in writing would seem well spent indeed. Against the significant body of existing social science research on unemploy ment, it seems appropriate to be clear about the scope and limitations of the cur rent study, however.
Work Place
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Author : Jamie Peck
language : en
Publisher: Guilford Press
Release Date : 1996-04-06
Work Place written by Jamie Peck and has been published by Guilford Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-04-06 with Business & Economics categories.
Challenging the prevailing idea that labor markets are governed by universal economic processes, this significant work argues instead that labor markets develop in tandem with social and political institutions, and thus function in locally specific ways. Focusing on the complex social processes that lie at the heart of the labor market, the author offers a provocative new perspective and proposes new ways of conducting research in the area.
Economic Restructuring Unemployment And Growth In A Transition Economy
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Author : Mr.Bankim Chadha
language : en
Publisher: International Monetary Fund
Release Date : 1993-03-01
Economic Restructuring Unemployment And Growth In A Transition Economy written by Mr.Bankim Chadha 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 1993-03-01 with Business & Economics categories.
This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is endogenously determined, and human capital is acquired by learning-by-doing, we show that whether restructuring eventually occurs is determined by the level of human capital in the private sector and the rate of unemployment. The effects of various shocks and government policies in affecting the costs, speed, and eventual outcome of restructuring are analyzed.
Labor Market Institutions And Unemployment Dynamics In Transition Economies
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Author : Ms.Zuzana Brixiova
language : en
Publisher: International Monetary Fund
Release Date : 1997-10-01
Labor Market Institutions And Unemployment Dynamics In Transition Economies written by Ms.Zuzana Brixiova 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 1997-10-01 with Business & Economics categories.
This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and private job creation takes time. Two main conclusions arises. First, higher unemployment benefits increase steady-state unemployment, and, during the transition, they reduce the fall in real wages and speed up closure of state enterprises. Second, higher minimum wages can theoretically speed up the elimination of state sector jobs without affecting steady-state unemployment. These results are broadly consistent with existing evidence on the dynamics of unemployment and real wages in transition economies.
State Labor And The Transition To A Market Economy
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Author : Paczy_ska, Agnieszka
language : en
Publisher: Penn State Press
Release Date : 2010-11-01
State Labor And The Transition To A Market Economy written by Paczy_ska, Agnieszka and has been published by Penn State Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-01 with Political Science categories.
Interrogating The New Economy
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Author : Norene Pupo
language : en
Publisher: University of Toronto Press
Release Date : 2010-01-01
Interrogating The New Economy written by Norene Pupo and has been published by University of Toronto Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Social Science categories.
Interrogating the New Economy is a collection of original essays investigating the New Economy and how changes ascribed to it have impacted labour relations, access to work, and, more generally, the social and cultural experiences of work in Canada. Based on years of participatory research, sector-specific studies, and quantitative and qualitative data collection, the work accounts for the ways in which the contemporary workplace has changed but also the extent to which older forms of work organization still remain. The collection begins with an overview of the key social and economic transformations that define the New Economy. It then illustrates these transformations through examples, including essays on wine tourism, the regeneration of mining communities, the place of student workers, and changes in the public service workplace. It also addresses unions and their responses to the restructuring of work, as well as other forms of resistance.
Wages Profitability And Growth In A Small Open Economy
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Author : Mr.Bankim Chadha
language : en
Publisher: International Monetary Fund
Release Date : 1990-05-01
Wages Profitability And Growth In A Small Open Economy written by Mr.Bankim Chadha 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 1990-05-01 with Business & Economics categories.
This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints in the labor market. In order to analyze the process of restructuring a model of endogenous growth for a small open economy that is driven by increases in labor productivity from learning and that allows for the dynamic acquisition of comparative advantage is developed. In this framework the effects of various policies and exogenous shocks on the direction and pace of restructuring are investigated.
Labor Market Dynamics A Hidden Markov Approach
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Author : Mr.Ippei Shibata
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-20
Labor Market Dynamics A Hidden Markov Approach written by Mr.Ippei Shibata 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 2019-12-20 with Business & Economics categories.
This paper proposes a hidden state Markov model (HMM) that incorporates workers’ unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker’s observed labor force status follows a first-order Markov process, the proposed HMM allows workers with the same labor force status to have different history-dependent transition probabilities. I show that the estimated HMM generates labor market transition probabilities that match those observed in the data, while the first-order Markov model (FOM) and its many-state extensions cannot. Even compared with the extended FOM, the HMM improves the fit of the empirical transition probabilities by a factor of 30. I apply the HMM to (1) calculate the long-run consequences of separation from stable employment, (2) study evolutions of employment stability across different demographic groups over the past several decades, (3) compare the dynamics of labor market flows during the Great Recession to those during the 1981 recession, and (4) highlight the importance of looking beyond distributions of current labor force status.
Macroeconomic Evaluation Of Labor Market Reform In Germany
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Author : Mr.Tom Krebs
language : en
Publisher: International Monetary Fund
Release Date : 2013-02-13
Macroeconomic Evaluation Of Labor Market Reform In Germany written by Mr.Tom Krebs 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 2013-02-13 with Business & Economics categories.
In 2005 the German government implemented the so-called Hartz IV reform, which amounted to a complete overhaul of the German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare effects of the Hartz IV reform. We calibrate the model economy to German data before the reform and then use the calibrated model economy to simulate the effects of Hartz IV. In our baseline calibration, we find that the reform has reduced the long-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases, but the welfare of unemployed households decreases even with moderate degree of risk aversion.