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Author: Jon Carleton Messenger Publisher: Edward Elgar Publishing ISBN: 1782540881 Category : Business & Economics Languages : en Pages : 321
Book Description
'Work sharing' is a labour market instrument devised to distribute a reduced volume of work to the same (or similar) number of workers over a diminished period of working time in order to avoid redundancies. This fascinating and timely study presents the concept and history of work sharing and explores the complexities and trade-offs involved in its use as both a strategy for preserving jobs and a policy for increasing employment. The expert contributors examine the resurgence in the use of work sharing as a job preservation strategy via country case studies of work-sharing programmes implemented across the globe during the Great Recession of 20082009. These studies clearly illustrate that work sharing has been successful as a crisis-response measure in a number of countries. Lessons learned and their implications are presented alongside prescriptions on how to design permanent work-sharing policies that would provide appropriate incentives to generate positive effects for employment and promote a sustainable and job-rich economic recovery. This enlightening book will prove invaluable to academics, researchers, students and policymakers in the fields of labour economics, public sector economics and social policy.
Author: Jon Carleton Messenger Publisher: Edward Elgar Publishing ISBN: 1782540881 Category : Business & Economics Languages : en Pages : 321
Book Description
'Work sharing' is a labour market instrument devised to distribute a reduced volume of work to the same (or similar) number of workers over a diminished period of working time in order to avoid redundancies. This fascinating and timely study presents the concept and history of work sharing and explores the complexities and trade-offs involved in its use as both a strategy for preserving jobs and a policy for increasing employment. The expert contributors examine the resurgence in the use of work sharing as a job preservation strategy via country case studies of work-sharing programmes implemented across the globe during the Great Recession of 20082009. These studies clearly illustrate that work sharing has been successful as a crisis-response measure in a number of countries. Lessons learned and their implications are presented alongside prescriptions on how to design permanent work-sharing policies that would provide appropriate incentives to generate positive effects for employment and promote a sustainable and job-rich economic recovery. This enlightening book will prove invaluable to academics, researchers, students and policymakers in the fields of labour economics, public sector economics and social policy.
Author: INTERNATIONAL LABOUR OFFICE. Publisher: ISBN: 9789220319482 Category : Languages : en Pages : 0
Book Description
This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. The 2020-21 edition also reviews minimum wage systems across the world and identifies the conditions under which minimum wages can reduce inequality. The report presents comprehensive data on levels of minimum wages, their effectiveness, and the number and characteristics of workers paid at or below the minimum. The report highlights how adequate minimum wages, statutory or negotiated, can play a key role in a human-centred recovery from the crisis
Author: International Monetary Fund. Asia and Pacific Dept Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 29
Author: Emile Aarts Publisher: Springer Nature ISBN: 3030653552 Category : Business & Economics Languages : en Pages : 229
Book Description
This open access book presents the scientific views of some fifty experts on how they believe the COVID-19 pandemic is currently affecting society, and how it will continue to do so in the years to come. Using the concept of a “common” (in the sense of common values, common places, common goods, and common sense), they elaborate on the transition from an Old Common to a New Common. In carefully crafted chapters, the authors address expected shifts in major fields like health, education, finance, business, work, and citizenship, applying concepts from law, psychology, economics, sociology, religious studies, and computer science to do so. Many of the authors anticipate an acceleration of the digital transformation in the forthcoming years, but at the same time, they argue that a successful shift to a new common can only be achieved by re-evaluating life on our planet, strengthening resilience at an individual level, and assuming more responsibility at a societal level.
Author: Robert Shimer Publisher: Princeton University Press ISBN: 1400835232 Category : Business & Economics Languages : en Pages : 189
Book Description
Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.
Author: OECD Publisher: OECD Publishing ISBN: 9264527117 Category : Languages : en Pages : 103
Book Description
This report provides a detailed assessment of job retention support (ERTE) in Spain during the COVID-19 crisis. It provides three major insights. First, job retention support in Spain has been transformed from a little used and difficult to access scheme before the COVID-19 crisis to a scheme that can be scaled up quickly in response to a major economic downturn and be phased out easily as economic conditions recover. Second, the use of ERTE was stronger in regions, industries and occupations most affected by the COVID-19 crisis, suggesting support was effectively targeted to firms and workers that needed it most. Third, job retention was highly effective in supporting employment during the COVID-19 crisis. It not only prevented a major surge in unemployment but also avoided that the labour market became congested with too many job seekers competing for too few job vacancies. The labour market reform of December 2021 consolidated many of the important changes that made job retention support so successful during the COVID-19 crisis and in addition introduced a specific mechanism that allows scaling up support in the case of large adverse shocks.
Author: Bhaskar Bagchi Publisher: Springer Nature ISBN: 981157782X Category : Business & Economics Languages : en Pages : 126
Book Description
This book captures the dynamic relationship between COVID-19 pandemic, crude oil prices and major stock indices as well as the crude oil prices and stock market volatility that have been caused due to outbreak of this pandemic. The pandemic has changed the world melodramatically and major world markets collapsed in the beginning, affecting major industries in an unprecedented way. The book will be useful to the researcher in the field of finance and economics, and policy makers both at government and private level, keeping in view the present state of economy throughout the world.
Author: Jon Carleton Messenger
Author: Jon Carleton Messenger
Author: INTERNATIONAL LABOUR OFFICE.
Author: Economic and Social Research Institute
Author: International Monetary Fund. Asia and Pacific Dept
Author: United States. Bureau of Employment Security
Author: Emile Aarts
Author: Robert Shimer
Author: OECD
Author: Bhaskar Bagchi
Author: Stephen Machin