Author: Kieran McMorrowPublisher:
ISBN:
Category :
Languages : es
Pages : 108
Book Description
The wage formation process and labour market flexibility in the Community, the US and Japan
Author: Kieran McMorrowThe Wage Formation Process and Labour Market Flexibiliry in the Community, the US and Japan
Author: Kieran MacMorrowThe Wage Formation Process and Labour Market Flexibility in the Community, the US and Japan
Author: Kieran McMorrowPublisher:
ISBN:
Category : Labor market
Languages : en
Pages : 116
Book Description
Recoge: 1.Overview of labour market flexibility - 2.Wage formation process - expectations augmented phillips curve - 3.Labour market adjustment mechanisms - 4.International comparison of overall labour market flexibility - equilibrium unemployment - 5.Policy issues and concluding remarks.
Employment Stability in an Age of Flexibility
Author: Sandrine CazesPublisher: International Labour Organization
ISBN: 9789221127161
Category : Business & Economics
Languages : en
Pages : 296
Book Description
While offering a comparison of employment stability and flexibility in 16 OECD countries, the book provides a detailed analysis on the type of labor market regulations needed to ensure a balance of employment flexibility and security.
Monetary Policy and Unemployment
Author: Willi SemmlerPublisher: Routledge
ISBN: 1135993807
Category : Business & Economics
Languages : en
Pages : 237
Book Description
This book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti. One of the main aims of the conference was to discuss what potential role monetary policy has on economic activity and unemployment reduction in three key currency zones - the United States, European Union and Japan.
The System of Wage-Setting Japan, Germany and the US: Towards Convergence?
Author: Ben BeiskePublisher: GRIN Verlag
ISBN: 3638643972
Category : Business & Economics
Languages : en
Pages : 61
Book Description
Seminar paper from the year 2002 in the subject Business economics - Personnel and Organisation, grade: 2.4 (B), University of Manchester (Manchester School of Management), 43 entries in the bibliography, language: English, abstract: How and to what extend do labour systems in general, and wage-setting mechanisms in particular, differ amongst the three biggest economies of the world, namely Japan, Germany, and the United States? Does the trend towards increasing trade liberation lead to pressure to harmonise different wage-setting systems? If so, what is the evidence for convergence?1 What impact could this have on the future of the labour systems of the so-called less flexible countries?
Monetary Union, Employment and Growth
Author: Pier Carlo PadoanPublisher: Edward Elgar Publishing
ISBN: 9781782544036
Category : Business & Economics
Languages : en
Pages : 240
Book Description
'Monetary Union, Employment and Growth provides a thorough and well-developed analysis of the macroeconomic and microeconomic implications of the single currency.' - Terrence Casey, Journal of European Area Studies 'This book offers an in-depth discussion of two highly topical European issues - the single currency and unemployment - making it suitable for professional economists and post-graduate students in economics, international relations and European studies.' - European Access There exists a twofold relationship between the factors affecting adoption of a single currency in Europe, employment, and growth. On one hand, the operation of the euro will be hindered if rigidities in labour and product markets persist - hence low employment and slow growth may be a cause of poor performance of the single currency. On the other hand, the functioning of the euro will affect future patterns of European employment. Pier Carlo Padoan and his distinguished group of contributing authors go beyond the common European-based debates to consider the impact of the euro as a global currency on the evolution of European labour, product, and regional markets.
Wage Setting, Social Pacts and the Euro
Author: Anke HasselPublisher: Amsterdam University Press
ISBN: 9053569197
Category : Social Science
Languages : en
Pages : 335
Book Description
Politicians, economists, and social theorists tend to agree that globalization and neo-liberal economic policy have contributed to the decline of the social compacts underlying traditional European welfare states. Recently, however, social pacts have demonstrated an impressive resurgence, as governments across Europe facing necessary economic policy adjustments have chosen to view trade unions as vital negotiating partners rather than adversaries. Wage Setting, Social Pacts, and the Euro offers a theoretical understanding of the forces that have led to this new understanding, and of the challenges that increasing monetary integration will continue to pose.
Trade and the Labor Market
Author: Kojiro SakuraiPublisher: Springer
ISBN: 9811059934
Category : Business & Economics
Languages : en
Pages : 111
Book Description
This book presents an integrated overview and evidence, taking Japan as an example, on how international trade, especially with developing countries, affects labor market in developed countries, which has been keenly debated among international and labor economists since the late 1980s. The unique point of this book is that it integrates international trade and labor market into the same framework. The analysis includes both theory and empirical study. It especially pays attention to wage inequality between skilled and unskilled labor represented by nonproduction and production workers, and college graduates and high-school graduates. The estimation method used is to analyze input-output tables containing 55 manufacturing industries during the period 1995-2005, and to measure factor content of trade using these tables. Main results are as follows: First, both relative wage and relative employment of nonproduction to production workers, and college graduates to high-school graduates increased as a trend since the 1980s, suggesting a relative demand shift toward skilled labor. Second, analysis using input-output tables revealed that employment reduction due to increased imports is greater in production workers than in nonproduction workers, and that employment increase due to increased exports is greater in nonproduction workers than in production workers, suggesting the comparative advantage being at work in line with the Heckscher-Ohlin-Samuelson model. Third, analysis using factor content of trade revealed that increased trade during 1995-2005 especially with Asian countries raised the relative wage of nonproduction to production workers in the aggregated manufacturing sector by 0.023 points (1.400 to 1.422), or by 1.6 percent in terms of rate of change. This estimation result suggests that increased trade in this period played a certain role in widening wage inequality between nonproduction to production workers. These results contribute to a deeper understanding of the effect of globalization on labor market in the field of economics.
The Path to Higher Growth
Author: Ms.Chie AoyagiPublisher: International Monetary Fund
ISBN: 1484366107
Category : Business & Economics
Languages : en
Pages : 27
Book Description
This paper argues that Japan’s excessive labor market duality can reduce Total Factor Productivity (TFP) due to a negative impact on non-regular workers’ effort and on firms’ incentives to train them. On the basis of cross-country empirical evidence, the paper proposes some reform options. In particular, our analysis suggests that reducing the difference in employment protection between regular and non-regular workers would substantially reduce labor market duality in Japan. One reform consistent with these findings is the introduction of a Single Open Ended Contract for all newly hired workers. This reform could be complemented by a shift towards a model that combines labor market flexibility and security (“flexicurity”) and by policies aimed at encouraging wage growth.