Author: Sun-Bin KimPublisher:
ISBN:
Category : Employment forecasting
Languages : en
Pages : 128
Book Description
Labor Force Participation, Worker Flows and Labor Market Policies
Author: Sun-Bin KimPublisher:
ISBN:
Category : Employment forecasting
Languages : en
Pages : 128
Book Description
Labor in the New Economy
Author: Katharine G. AbrahamPublisher: University of Chicago Press
ISBN: 0226001466
Category : Business & Economics
Languages : en
Pages : 520
Book Description
As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings and other forms of compensation, job security, employer reliance on temporary and contract workers, hours of work, and workplace safety and health. In order to better understand these vital issues, scholars must be able to accurately measure labor market activity. Thus, Labor in the New Economy also addresses a host of measurement issues: from the treatment of outliers, imputation methods, and weighting in the context of specific surveys to evaluating the strengths and weaknesses of data from different sources. At a time when employment is a central concern for individuals, businesses, and the government, this volume provides important insight into the recent past and will be a useful tool for researchers in the future.
Employer-to-employer Flows in the U.S. Labor Market
Author: Bruce FallickPublisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 68
Book Description
Sticky Feet
Author: Claire H. HollwegPublisher: World Bank Publications
ISBN: 1464802645
Category : Business & Economics
Languages : en
Pages : 123
Book Description
The analysis in this report confirms the findings of previous studies that trade liberalization improves aggregate welfare and is in the long run associated with higher employment and wages. The analysis addresses a major gap in the literature, which has heretofore provided limited evidence about the trade-related adjustment costs faced by workers in developing countries and how they are affected by mobility costs. Labor market frictions reduce the potential gains from trade reform. For a tariff reduction in a given sector, the resulting change in relative prices raises real wages in some sectors and reduces them in the liberalized sector. The emerging wage gaps lead to labor reallocation. But workers typically incur costs to change jobs; the higher the mobility costs, the slower the transition to the new labor market steady state. Workers’ sticky feet result in foregone welfare gains from trade. This report presents an estimation strategy for capturing mobility costs when only net flows of workers between industries are observed, generating cross-country estimates for 47 developed and developing countries. The basic analytical approach is then refined to take advantage of micro-level data on worker transitions and wages when gross flows can be observed to derive mobility cost estimates that account for sector and formality status. These cost estimates are used to model the dynamic paths of labor reallocation between sectors and in and out of the labor force, the associated wage paths, and the resulting labor adjustment costs. The main findings of the report are that: labor mobility costs in developing countries are high; foregone trade gains due to frictions in labor mobility can also be substantial; workers bear the brunt of adjustment costs; mobility costs and labor market adjustments to trade-related shocks vary by industry, firm type, and worker type; entry costs are significantly higher for formal than for informal employment; trade reforms increase economy-wide wages and employment; and workers displaced by plant closings are likely to face relatively long adjustment periods. The findings provide insights that could be helpful to policymakers hoping to mitigate negative short-term consequences of trade liberalization and facilitate labor adjustment.
Women's Chaning Participation in the Labor Force
Author: T. Paul SchultzPublisher: World Bank Publications
ISBN:
Category : Labor supply
Languages : en
Pages : 53
Book Description
Research has rarely tested the proposition that women have lost more than men when low- income countries introduce minimum wage legislation and certain other labor market regulations that raise the cost of labor to firms compared with families. But such interventions in the labor market may slow women's transition from nonmarket and family work to employment by firms. And that may affect the rate and structure of economic growth.
Labor Force Participation
Author: Federal Reserve Federal Reserve BoardPublisher: CreateSpace
ISBN: 9781506127545
Category :
Languages : en
Pages : 70
Book Description
More than five years after the Great Recession ended, the labor market has, by many metrics, finally shown substantial improvement. The unemployment rate is now nearly 4 percentage points below the peak reached in late 2009, and the number of nonfarm payroll jobs has returned to pre-recession levels. However, one lingering concern is the ongoing decline in the labor force participation rate and the concomitant absence of a significant rise in the percentage of the working-age population who are employed. In particular, the labor force participation rate has fallen from about 66 percent of the population in 2007 to about 63 percent over the first half of 2014, while the employment-to-population ratio currently stands at 59 percent, only about ½ percentage point above its low point in the wake of the recession (figure
Work in America
Author: Clark KerrPublisher: New York ; Toronto : Van Nostrand Reinhold
ISBN: 9780442203726
Category : Political Science
Languages : en
Pages : 328
Book Description
Monographic compilation of essays on labour market issues and labour force characteristics of the 1980s in the USA - deals with changing attitudes towards work, trends and future concerning labour policy (incl. Labour force participation of woman workers and minority group workers, quality of working life, work environment and technological change, collective bargaining, etc.), And considers other aspects relating to the building of industrialism with a human face. Bibliography after each contribution and graphs.
Aging and the Macroeconomy
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230
Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Immigration Flows and Regional Labor Market Dynamics
Author: Dominique M. GrossPublisher: International Monetary Fund
ISBN: 1451846614
Category : Business & Economics
Languages : en
Pages : 30
Book Description
The paper analyzes the ability of a regional labor market to absorb growing flows of immigrant workers with declining levels of skills during relatively high unemployment. The impact of the size of the flow and the skill characteristics of the immigrants are analyzed. It is found that immigration is positively related to unemployment in the short run but in the long run is negatively related. Also, a higher average skill level among immigrants makes them more effective in their job search in the short run. Finally, increasing the discrepancy between the skill distribution of immigrants and that of the existing workforce is desirable, as both types of labor appear to be complements in the short-run.
Author: Bruce C. Fallick