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Author: Jan Rutkowski Publisher: World Bank Publications ISBN: Category : Job creation Languages : en Pages : 50
Book Description
Despite low open unemployment, labor market outcomes are unsatisfactory in Moldova. Employment is low and job opportunities are scarce. This paper examines labor market performance in Moldova by focusing on firm dynamics. It finds that the low level of employment in Moldova is due to the low rate of firm entry and the low rate of job creation in existing firms. Although the rate of job destruction is high, this is typical of transition economies and is a problem only because it is not coupled with a commensurate rate of job creation. Firm exit is limited and thus is not an important factor behind job losses. The only sector of the economy that creates jobs on a net basis is that of de novo private and small firms. However, in Moldova this sector is significantly smaller than in the most successful transition economies. The paper argues that the primary factor behind the small size of the employment generating sector is the high cost of doing business in Moldova. This includes numerous administrative barriers, intrusive and costly inspections and associated corruption. These costs - extremely high even be regional standards - lower the expected returns to business activity and thus discourage firm formation and growth. The paper recommends improvements in the investment climate as a primary policy to increase productive employment and lower unemployment. Priority should be given to fostering job creation by facilitating the formation of new firms and reducing constraints on the expansion of existing firms. The government should avoid measures designed to forestall the destruction of unviable jobs and firm exit, as these are not conducive to long-run productivity and employment growth. Enhancing labor market flexibility is a further priority, as the current stringent provisions of the Labor Code are not complied with and enforced. Given the unsatisfactory business environment, active labor market programs are unlikely to be effective, unless carefully targeted at the most disadvantaged worker groups. This paper - a product of the Human Development Sector Unit, Europe and Central Asia Region - is part of a larger effort in the region to examine labor market performance and its contribution to economic growth and poverty reduction.
Author: Jan Rutkowski Publisher: World Bank Publications ISBN: Category : Job creation Languages : en Pages : 50
Book Description
Despite low open unemployment, labor market outcomes are unsatisfactory in Moldova. Employment is low and job opportunities are scarce. This paper examines labor market performance in Moldova by focusing on firm dynamics. It finds that the low level of employment in Moldova is due to the low rate of firm entry and the low rate of job creation in existing firms. Although the rate of job destruction is high, this is typical of transition economies and is a problem only because it is not coupled with a commensurate rate of job creation. Firm exit is limited and thus is not an important factor behind job losses. The only sector of the economy that creates jobs on a net basis is that of de novo private and small firms. However, in Moldova this sector is significantly smaller than in the most successful transition economies. The paper argues that the primary factor behind the small size of the employment generating sector is the high cost of doing business in Moldova. This includes numerous administrative barriers, intrusive and costly inspections and associated corruption. These costs - extremely high even be regional standards - lower the expected returns to business activity and thus discourage firm formation and growth. The paper recommends improvements in the investment climate as a primary policy to increase productive employment and lower unemployment. Priority should be given to fostering job creation by facilitating the formation of new firms and reducing constraints on the expansion of existing firms. The government should avoid measures designed to forestall the destruction of unviable jobs and firm exit, as these are not conducive to long-run productivity and employment growth. Enhancing labor market flexibility is a further priority, as the current stringent provisions of the Labor Code are not complied with and enforced. Given the unsatisfactory business environment, active labor market programs are unlikely to be effective, unless carefully targeted at the most disadvantaged worker groups. This paper - a product of the Human Development Sector Unit, Europe and Central Asia Region - is part of a larger effort in the region to examine labor market performance and its contribution to economic growth and poverty reduction.
Author: Jan Rutkowski Publisher: ISBN: Category : Languages : en Pages :
Book Description
Despite low open unemployment, labor market outcomes are unsatisfactory in Moldova. Employment is low and job opportunities are scarce. The author examines labor market performance in Moldova by focusing on firm dynamics. He finds that the low level of employment in Moldova is due to the low rate of firm entry and the low rate of job creation in existing firms. Although the rate of job destruction is high, this is typical of transition economies, and is a problem only because it is not coupled with a commensurate rate of job creation. Firm exit is limited and thus is not an important factor behind job losses. The only sector of the economy that creates jobs on a net basis is that consisting of de novo private and small firms. However, in Moldova this sector is significantly smaller than in the most successful transition economies. The author argues that the primary factor behind the small size of the employment generating sector is the high cost of doing business in Moldova. These include numerous administrative barriers, intrusive and costly inspections, and associated corruption. These costs-extremely high even by regional standards-lower the expected returns to business activity and thus discourage firm formation and growth. The author hence recommends improvements in the investment climate as a primary policy aimed at increasing productive employment and lowering unemployment. Priority should be given to fostering job creation through facilitating the formation of new firms and to reducing the constraints on the expansion of existing firms. The government should avoid measures aimed at forestalling the destruction of unviable jobs and firm exit as these are not conducive to long-run productivity and employment growth. Enhancing labor market flexibility is a further priority, as currently the apparently stringent provisions of the Labor Code are not complied with and enforced. Given the unsatisfactory business environment, active labor market programs are unlikely to be effective unless carefully targeted at the most disadvantaged worker groups.
Author: Publisher: World Bank Publications ISBN: 0821361961 Category : Business & Economics Languages : en Pages : 294
Book Description
Annotation This title looks at ways governments can promote the creation of more and better jobs in the region. It addresses the question of why labour market outcomes have been disappointing during the transition, and suggests policy interventions to promote firms' investment, job creation and economic development.
Author: World Bank Publisher: ISBN: Category : Languages : en Pages :
Book Description
Moldova has experienced rapid growth and increases in living standards in the past decade. The economy has grown by an average 5 percent a year in the past 15 years, while the national poverty rate declined from 26 percent in 2007 to 11 percent in 2014; there are sharp declines observed in the early 2000s as well. However, Moldova's growth model has relied on remittances, with limited job creation. The World Bank (2016) report Moldova: Paths to Sustained Prosperity finds that Moldova's growth model triggered a cycle in which men and women migrated in search of better economic opportunities and sent remittances home that continued to support consumption-driven growth, and that this contributed to poverty reduction and welfare improvement among the less well off, particularly those in rural areas. The 10 facts presented in the note are as follows: fact one: job losses are increasing overall, with productivity-driven economic growth since the 2000s benefitting a smaller number of people who were able to find jobs; fact two: workers left agriculture and industry for services, but the 2009 global crisis dampened the job prospects in services; fact three: out-migration means that Moldova failed to fully capture a demographic dividend for the economy, and is now an aging country; fact four: employment and wage patterns show that job outcomes are becoming less inclusive; fact five: despite their rising educational attainments, young people face significant challenges finding non-farm jobs; fact six: as inequality in earnings widens, post-secondary education still earns more, but is becoming less of a guarantee of a better job; fact seven: efficient firms are raising their productivity by shedding jobs, not creating them, while firm entry and survival rates are low; fact eight: the most productive firms (small, young, foreign, and private) firms have the most productive jobs, but they are not increasing their share in employment; fact nine: while productivity is increasing, a growing share of jobs is in less-productive firms; fact ten: firms providing employment are typically larger and older, while younger firms are struggling, and fewer new firms have been launched since the crisis. It is key to continue monitoring these trends over time and, after the release of the 2014 census data, the labor market and demographic challenges that the country faces will need to be revisited to reflect a more current picture of the situation and the prospects.
Author: ILO Bureau of Statistics Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Transition countries, such as the Republic of Moldova, have experienced a growth in the informal sector, which has become an essential part of the economy. It is important because it creates jobs, provides incomes to the population, and produces goods and services. There has also been an increase in informal employment, meaning it has become urgent to collect appropriate data on these sectors. Once data is collected, it can be analyzed to know its contribution to the GDP, how it affects specific groups employed in this sector, and what planning state support and assistance policies can be formulated to achieve workers' protection and decent work for all. Surveys were made in 2003 for the Republic of Moldova, and the paper analyzes them and makes suggestions on how to improve the surveys to give them more precision for the following year.
Author: Omar S. Arias Publisher: World Bank Publications ISBN: 082139911X Category : Business & Economics Languages : en Pages : 442
Book Description
What can be done to create more and better jobs in Europe and Central Asia? And should there be specific policies to help workers access those jobs? The authors of this book examine these questions through the lens of two contextual factors: the legacy of centralized planned economies and the mounting demographic pressures associated with rapid aging in some countries and soaring numbers of youth entering the workforce in others. The authors find the following: Market reforms pay off, albeit with a lag, in terms of jobs and productivity. A small fraction of superstar high-growth firms accounts for most of the new jobs created in the region. Skills gaps hinder employment prospects, especially of youth and older workers, because of the inadequate response by the education and training systems to changes in the demand for skills. Employment is hindered by high implicit taxes on formal work and barriers that affect especially women, minorities, youth, and older workers. Low internal labor mobility prevents labor relocation to places with greater job creation potential. Back to Work: Growing with Jobs in Europe and Central Asia asserts that to get more people back to work and to grow with jobs, countries, especially late reformers, need to regain the momentum for economic and institutional reforms that existed before the economic crisis. They should lay the fundamentals to create jobs for all workers, by pushing reforms to create the enabling environment for existing firms to grow, become more productive, or exit the market and let new firms emerge and succeed (or fail fast and cheap). They should also implement policies to support workers so that those workers are prepared to take on the new jobs being created, by having the right skills and incentives, unhindered access to work, and being ready to relocate.
Author: OECD Publisher: OECD Publishing ISBN: 9264047301 Category : Languages : en Pages : 152
Book Description
This book analyses the opportunities and conditions of employment throughout the Black Sea region and Central Asia. It examines how different countries deal with social issues affecting well-being.
Author: Jan Rutkowski
Author: Jan Rutkowski
Author: Jan Rutkowski
Author: John Jeong
Author: Moldova
Author: 
Author: Moldova
Author: World Bank
Author: ILO Bureau of Statistics
Author: Omar S. Arias
Author: OECD