Wednesday, February 25, 2009
[IWS] ILO: LABOR MARKET REGULATION:MOTIVES, MEASURES, EFFECTS (2009)
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
International Labour Organization (ILO)
Conditions of Work and Employment Programme
Conditions of Work and Employment Series No. 21
Labour market regulation: Motives, measures, effects (2009)
by Professor G. Bertola
http://www.ilo.org/public/english/protection/condtrav/publ/21cwe.htm
or
http://www.ilo.org/public/english/protection/condtrav/pdf/21cws.pdf
[full-text, 55 pages]
Abstract:
Labour market regulation is the subject of much theoretical work as well as of extensive measurement and empirical assessment efforts. In this paper, Professor Bertola reviews this work from both theoretical and empirical perspectives. His review clearly points to the critical importance of a "balanced" theoretical framework of labour regulation which takes into account how historical, political and economic structural factors shape the motivation and effects of labour market policies. He concludes by outlining directions for future research, particularly concerning empirical work on the determinants of labour market institutions in rapidly changing environments.
Contents
Page
Preface................................................................................................................................... iv
Introduction..................................................................................................................................... 1
1. What regulation aims to do........................................................................................................... 5
1.1 Wages, labour costs and employment........................................................................... 7
1.2 Labour market imperfections........................................................................................ 9
1.3 Unemployment and insurance...................................................................................... 10
1.4 Mobility, hiring and firing............................................................................................ 11
1.5 Efficiency and policy interactions................................................................................ 13
1.6 Activation and flexicurity............................................................................................. 14
1.7 Training....................................................................................................................... 14
1.8 Financial market imperfections and social policies...................................................... 15
2. Measuring institutions................................................................................................................... 19
2.1 EPA: Rules, surveys, court decisions........................................................................... 19
2.2 Wage setting................................................................................................................. 21
2.3 UI, taxes and activation................................................................................................ 22
2.4 Institutional co-variation and welfare state "models"................................................... 23
2.5 Non-OECD countries.................................................................................................... 24
3. Institutions and empirical outcomes.............................................................................................. 27
3.1 Interpreting cross-country evidence.............................................................................. 27
3.2 Unemployment and wage dynamics............................................................................. 28
3.3 Wage inequality and labour income stability................................................................ 29
3.4 Employment protection................................................................................................. 30
3.5 Financial market imperfections.................................................................................... 32
3.6 Training....................................................................................................................... 32
4. Dynamics and reforms................................................................................................................... 35
4.1 Structural change.......................................................................................................... 36
4.2 The international dimension......................................................................................... 38
5. Concluding comments................................................................................................................... 43
References....................................................................................................................................... 45
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
International Labour Organization (ILO)
Conditions of Work and Employment Programme
Conditions of Work and Employment Series No. 21
Labour market regulation: Motives, measures, effects (2009)
by Professor G. Bertola
http://www.ilo.org/public/english/protection/condtrav/publ/21cwe.htm
or
http://www.ilo.org/public/english/protection/condtrav/pdf/21cws.pdf
[full-text, 55 pages]
Abstract:
Labour market regulation is the subject of much theoretical work as well as of extensive measurement and empirical assessment efforts. In this paper, Professor Bertola reviews this work from both theoretical and empirical perspectives. His review clearly points to the critical importance of a "balanced" theoretical framework of labour regulation which takes into account how historical, political and economic structural factors shape the motivation and effects of labour market policies. He concludes by outlining directions for future research, particularly concerning empirical work on the determinants of labour market institutions in rapidly changing environments.
Contents
Page
Preface................................................................................................................................... iv
Introduction..................................................................................................................................... 1
1. What regulation aims to do........................................................................................................... 5
1.1 Wages, labour costs and employment........................................................................... 7
1.2 Labour market imperfections........................................................................................ 9
1.3 Unemployment and insurance...................................................................................... 10
1.4 Mobility, hiring and firing............................................................................................ 11
1.5 Efficiency and policy interactions................................................................................ 13
1.6 Activation and flexicurity............................................................................................. 14
1.7 Training....................................................................................................................... 14
1.8 Financial market imperfections and social policies...................................................... 15
2. Measuring institutions................................................................................................................... 19
2.1 EPA: Rules, surveys, court decisions........................................................................... 19
2.2 Wage setting................................................................................................................. 21
2.3 UI, taxes and activation................................................................................................ 22
2.4 Institutional co-variation and welfare state "models"................................................... 23
2.5 Non-OECD countries.................................................................................................... 24
3. Institutions and empirical outcomes.............................................................................................. 27
3.1 Interpreting cross-country evidence.............................................................................. 27
3.2 Unemployment and wage dynamics............................................................................. 28
3.3 Wage inequality and labour income stability................................................................ 29
3.4 Employment protection................................................................................................. 30
3.5 Financial market imperfections.................................................................................... 32
3.6 Training....................................................................................................................... 32
4. Dynamics and reforms................................................................................................................... 35
4.1 Structural change.......................................................................................................... 36
4.2 The international dimension......................................................................................... 38
5. Concluding comments................................................................................................................... 43
References....................................................................................................................................... 45
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 7:23 AM
