The Needle In The Haystack What Drives Labor And Product Market Reforms In Advanced Countries


The Needle In The Haystack What Drives Labor And Product Market Reforms In Advanced Countries
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The Needle In The Haystack What Drives Labor And Product Market Reforms In Advanced Countries


The Needle In The Haystack What Drives Labor And Product Market Reforms In Advanced Countries
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Author : Mr.Romain A Duval
language : en
Publisher: International Monetary Fund
Release Date : 2018-05-09

The Needle In The Haystack What Drives Labor And Product Market Reforms In Advanced Countries written by Mr.Romain A Duval 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 2018-05-09 with Business & Economics categories.


The political economy literature has put forward a multitude of hypotheses regarding the drivers of structural reforms, but few, if any, empirically robust findings have emerged thus far. To make progress, we draw a parallel with model uncertainty in the growth literature and provide a new version of the Bayesian averaging of maximum likelihood estimates (BAMLE) technique tailored to binary logit models. Relying on a new database of major past labor and product market reforms in advanced countries, we test a large set of variables for robust correlation with reform in each area. We find widespread support for the crisis-induces-reform hypothesis. Outside pressure increases the likelihood of reform in certain areas: reforms are more likely when other countries also undertake them and when there is formal pressure to implement them. Other robust correlates are more specific to certain areas—for example, international pressure and political factors are most relevant for product market and job protection reforms, respectively.



A Narrative Database Of Major Labor And Product Market Reforms In Advanced Economies


A Narrative Database Of Major Labor And Product Market Reforms In Advanced Economies
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Author : Mr.Romain A Duval
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-25

A Narrative Database Of Major Labor And Product Market Reforms In Advanced Economies written by Mr.Romain A Duval 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 2018-01-25 with Business & Economics categories.


This paper describes a new database of major labor and product market reforms covering 26 advanced economies over the period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries, employment protection legislation for regular and temporary workers, and the replacement rate and duration of unemployment benefits. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many empirical applications. By contrast, the dataset does not attempt to measure and compare policy settings across countries, and as such is no substitute for other publicly available indicators produced, for example, by the ILO, the OECD or the World Bank. It should also be seen as work in progress, for researchers to build on and improve upon. Based on the dataset, major reforms appear to have been more frequent in product markets than in labor markets in the last decades, and were predominantly implemented during the 1990s and 2000s.



Labor And Product Market Reforms And External Imbalances Evidence From Advanced Economies


Labor And Product Market Reforms And External Imbalances Evidence From Advanced Economies
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Author : Mr.Romain A Duval
language : en
Publisher: International Monetary Fund
Release Date : 2021-02-26

Labor And Product Market Reforms And External Imbalances Evidence From Advanced Economies written by Mr.Romain A Duval 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 2021-02-26 with Business & Economics categories.


We explore the impact of major labor and product market reforms on current account dynamics using a new “narrative” database of major changes in employment protection for regular workers and product market regulation for non-manufacturing industries covering 26 advanced economies over the past four decades. Our main finding is that product market deregulation is associated with a weakening of the current account, while labor market deregulation is associated with an improvement. These effects are transitory and driven by both saving and investment responses. Labor and product market reforms both have a more positive impact on the current account balance when implemented under weak macroeconomic conditions. Our results are broadly consistent with predictions from recent DSGE models with endogenous producer entry and labor market frictions.



Good Jobs For All In A Changing World Of Work The Oecd Jobs Strategy


Good Jobs For All In A Changing World Of Work The Oecd Jobs Strategy
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2018-12-04

Good Jobs For All In A Changing World Of Work The Oecd Jobs Strategy written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-04 with categories.


The labour markets of OECD and emerging economies are undergoing major transformations. The widespread slow-down in productivity and wage growth and high levels of income inequality in many countries are coupled with structural changes linked to the digital revolution, globalisation and ...



World Economic Outlook October 2019


World Economic Outlook October 2019
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2019-10-15

World Economic Outlook October 2019 written by International Monetary Fund. Research Dept. 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 2019-10-15 with Business & Economics categories.


Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.



Debt Surges Drivers Consequences And Policy Implications


Debt Surges Drivers Consequences And Policy Implications
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Author : Florian Schuster
language : en
Publisher: International Monetary Fund
Release Date : 2024-03-08

Debt Surges Drivers Consequences And Policy Implications written by Florian Schuster 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 2024-03-08 with Business & Economics categories.


Many countries find themselves with elevated debt levels, increased debt vulnerabilities, and tight financing conditions, while also facing increased spending needs for development and transition to a greener economy. This paper aims to place the current debt landscape in a historical context and investigate the drivers of debt surges, to what degree they result in a crisis as well as examine post-surge debt trajectories and under what conditions debt follows a non-declining path. We find that fiscal policy and stock-flow adjustments play important roles in debt dynamics with the valuation effects arising from currency depreciation explaining more than half of stock flow adjustments in LICs. Debt surges are estimated to result in a financial crisis with a probability of 11–20 percent and spending-driven fiscal expansions during debt surges tend to result in a high probability of non-declining debt path.



Des Emplois De Qualit Pour Tous Dans Un Monde Du Travail En Mutation La Strat Gie De L Ocde Pour L Emploi


Des Emplois De Qualit Pour Tous Dans Un Monde Du Travail En Mutation La Strat Gie De L Ocde Pour L Emploi
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Author : OECD
language : fr
Publisher: OECD Publishing
Release Date : 2019-09-05

Des Emplois De Qualit Pour Tous Dans Un Monde Du Travail En Mutation La Strat Gie De L Ocde Pour L Emploi written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-05 with categories.


La nouvelle Stratégie de l'OCDE pour l’emploi propose un cadre d’action complet et des recommandations en vue d’aider les pays à relever ces défis. Elle va au-delà de l'aspect quantitatif de l'emploi pour faire de la qualité des emplois et de l'inclusivité du marché du travail des priorités essentielles de l’action publique, tout en mettant l'accent sur l'importance de la résilience et de l'adaptabilité pour assurer le bon fonctionnement de l'économie et du marché de l'emploi, dans un monde du travail en mutation rapide. Le message clé est que des politiques renforçant la flexibilité sur les marchés des produits et du travail sont nécessaires mais pas suffisantes. Des politiques et des institutions qui protègent les travailleurs, favorisent l'inclusion et permettent aux travailleurs et aux entreprises de tirer le meilleur parti des changements en cours sont également nécessaires pour promouvoir des résultats bons et durables.



The Long Shadow Of Informality


The Long Shadow Of Informality
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Author : Franziska Ohnsorge
language : en
Publisher: World Bank Publications
Release Date : 2022-02-09

The Long Shadow Of Informality written by Franziska Ohnsorge and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-09 with Business & Economics categories.


A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.



A Handbook Of International Trade In Services


A Handbook Of International Trade In Services
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Author : Aaditya Mattoo
language : en
Publisher: Oxford University Press
Release Date : 2008

A Handbook Of International Trade In Services written by Aaditya Mattoo and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.


This title provides a comprehensive introduction to the key issues in trade and liberalization of services. Providing a useful overview of the players involved, the barriers to trade, and case studies in a number of service industries, this is ideal for policymakers and students interested in trade.



The Cambridge Handbook Of U S Labor Law For The Twenty First Century


The Cambridge Handbook Of U S Labor Law For The Twenty First Century
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Author : Richard Bales
language : en
Publisher: Cambridge University Press
Release Date : 2020-09-17

The Cambridge Handbook Of U S Labor Law For The Twenty First Century written by Richard Bales and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-17 with Law categories.


Over the last fifty years in the United States, unions have been in deep decline, while income and wealth inequality have grown. In this timely work, editors Richard Bales and Charlotte Garden - with a roster of thirty-five leading labor scholars - analyze these trends and show how they are linked. Designed to appeal to those being introduced to the field as well as experts seeking new insights, this book demonstrates how federal labor law is failing today's workers and disempowering unions; how union jobs pay better than nonunion jobs and help to increase the wages of even nonunion workers; and how, when union jobs vanish, the wage premium also vanishes. At the same time, the book offers a range of solutions, from the radical, such as a complete overhaul of federal labor law, to the incremental, including reforms that could be undertaken by federal agencies on their own.