Unemployment and the flexibility of labour markets by David Ashton

Cover of: Unemployment and the flexibility of labour markets | David Ashton

Published by Unemployment Unit in [London] .

Written in English

Read online

Edition Notes

Book details

StatementDavid Ashton.
SeriesUnemployment Unit Briefing -- no.9
ContributionsUnemployment Unit.
ID Numbers
Open LibraryOL13893465M

Download Unemployment and the flexibility of labour markets

Unemployment and Labour Market Flexibility: Sweden Paperback – February 1, by Guy Standing (Author) › Visit Amazon's Guy Standing Page.

Find all the books, read about the author, and more. See search results for this author. Are you an author. Cited by: Unemployment and Labour Market Flexibility: The Netherlands [Chris De Neubourg] on *FREE* shipping on qualifying by: 9.

Analysis of flexibility and employment at times adopts a deregulatory stance, thus revealing the pervasiveness of the powerful flexibility discourse among labour economists, policymakers, and legislators concerned about high unemployment in Europe who have, over the latter decades of the 20th century, looked with envy at the achievements of the comparatively unregulated US labour market.

This book explores the deregulation of labour markets in Europe. It reviews the different national approaches to flexibility and deregulation, and examines their impact on unemployment structure and trends.

The book is divided into two parts. Part I focuses on current labour policies and the different approaches to flexibilisation. Additional Physical Format: Online version: Walterskirchen, Ewald. Unemployment and labour market flexibility. Geneva: International Labour Office, Unemployment and Labour Market Flexibility in the Great Depression Article in Scandinavian Journal of History 33(2) June with 18 Reads How we measure 'reads'Author: Matti Hannikainen.

Perestroika in the Soviet Union has necessitated a radical transformation of the labour market. This book encompasses a broad range of views of labour policy-makers and economists from the USSR and abroad.

It analyzes recent developments in employment, unemployment, wages and social protection. Table 1 presents descriptive statistics for the labor market flexibility indicators and the unemployment outcomes analyzed in the paper. For the composite labor market flexibility indicator we have a total of observations, ranging from a minimum of to a maximum of   The state of labour markets in advanced economies remains dismal despite recent signs of growth.

This column explains the IMF’s logic behind the advice it provided on labour markets during the Great Recession. It argues that flexibility is crucial both at the micro level.

Labour market flexibility is seen as a way to reduce unemployment, increase efficiency and encourage entrepreneurs to take a risk and employ workers. Government can attempt to increase labour market flexibility in numerous ways. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general.

Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment. the employees, the purpose of the index is not to measure all the dimensions of labour regulation.

It measures the flexibility of regulation that determines the efficiency of the labour market. Its indicators are used for the assessment of the impact of a legal system on economic Size: 1MB. But, in the recession, many of these workers left – mitigating the rise in Irish unemployment.

Increased profitability. More flexible labour markets help to reduce firms costs – wages are lower and they can employ workers for fewer hours. In recent years, company profit has taken a bigger share of GDP. The macroeconomic role of the labour market is at the very centre of all that current talk about high and persistent European unemployment and its sharp contrast with the recent experience ofthe United States.

The macroeconomic role of the labour market is also at the heart of one version—more or less the standard version—of Keynesian. cial policy goals.

And yet, certain basic notions of labor market flexibility must be kept in mind and respected. The Employment Flexibility Index of the member states of the European Union (EU) and the Organization for Economic Co-operation and Development (OECD) provides a comparative quantitative analysis of labor regulation Size: KB.

Unemployment and labour market flexibility. Finland. Geneva: International Labour Office, (OCoLC) Material Type: Government publication, International government publication, Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Reija Lilja; Tuire Santamäki-Vuori; Guy Standing.

Housing Markets, Unemployment and Labour Market Flexibility in the U.K. Gordon Hughes, Barry McCormick. Chapter in NBER book International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics (), Georges de Ménil and Robert J.

Gordon, editors (p. 83 - ) Conference held - various. Labour market flexibility and unemployment in the UK regions: the size, type and mix of flexibility matters.

Abstract This paper explores the macroeconomic determinants of UK regional unemployment and their relation to the influences on unemployment exerted by the levels and types of employment flexibility in the country.

There are many concerns that technological inno- vation will lead to increased unemployment, sup- pressed wages and greater inequality. However, the impact of the new technologies on labour markets and income distribution is not predetermined. demand model of the aggregate labor market during a recession.

The immediate cause of a rise in unemployment is the decrease in labor demand associated with falling aggregate output. However, the role of wage rigidity in explaining unemployment is immediately clear. If the labor market operated in auction-market fashion and any excess supply.

Reviews the arguments and evidence on labour flexibility and examines the special measures adopted to check the growth of unemployment until supply-side measures could take effect. The book considers several alternative strategies designed to combine labour flexibility and income security.

FLEXIBILITY, EMPLOYMENT AND LABOUR MARKET REFORMS IN INDIA Alakh N. Sharma There is intense debate on labour market reforms in India today. It is argued that but for the restrictive labour legislation that creates inflexibility in the labour market, the Indian economy would have experienced a higher growth of employment.

Labor market flexibility refers to firms' ability under a jurisdiction's laws and regulations to make decisions regarding employees's hiring, firing, hours and working : Will Kenton. European Economic Review 31 () North-Holland HOUSING MARKETS, UNEMPLOYMENT AND LABOUR MARKET FLEXIBILITY IN THE UK* Gordon HUGHES University of Edinburgh, Edinburgh E 9JY, UK Barry McCORMICK University of Southampton, Southampton S09 5NH, UK and Cornell University, Ithaca, NYUSA by:   Real wage unemployment occurs when wages are set above the equilibrium, for example, through trades unions or minimum wages.

Flexible labour markets help to keep wages close to the equilibrium and therefore avoid creating unemployment. However it is worth noting that minimum wages and trades unions don't always cause unemployment.

Labor markets with very flexible institutions and policies, like the U.S., experienced substantial increases in unemployment over the course of the recession. Meanwhile, countries with relatively rigid institutions and strict labor market policies, such as large continental European countries, fared by: 7.

Hence, labor market institutions cannot be the main reason for high unemployment within Europe in previous years, especially as the countries with the most labor market regulations such as Sweden have maintained the lowest unemployment, hence, it must be an external factor creating the unemployment, such as aggregate demand.

Labour market flexibility. Labour market flexibility refers to the willingness and ability of labour to respond to changes in market conditions, including changes in the demand for labour and the wage market flexibility is an important aspect of how labour markets function to adjust supply to demand.

Labour market flexibility is central to the supply-side of the macro-economy, and. In labour markets, Blanchard et al. () argue that excessive provision of either employment protection or unemployment benefits impairs the micro-flexibility of labour markets (the ability of markets to reallocate workers to productive jobs).

Page - Structural and Deficient-Demand Unemployment Reconsidered," in AM Ross (ed.), Employment Policy and the Labor Market (Berkeley and Los Angeles: UC Press, ), pp. ‎ Appears in 26 books from While unemployment has strong negative life satisfaction effects in all 21 European countries under study, the generosity of passive labour market policy moderates this effect to a surprisingly.

Britain certainly has a low unemployment rate, but so does Germany, where, despite the reforms of the early s, workers have greater labour market protection.

Wage Flexibility and Unemployment Dynamics in Regional Labor Markets. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research. This title is brought to you by the Upjohn Institute. For more information, please contact [email protected] Masthead Logo Link.

Masthead Logo Link Upjohn Press Cited by: 2 Recent labour market developments in the OECD countries Actual and structural unemployment Labour-market performances have worsened in the OECD area in the course of the s, with a rise in the area-wide unemployment rate from 6 per cent in to per cent in (Figure 1).

There are, however, major differences across countries. How Tight Is the Labor Market. Kolko explained that the U.S. labor market is unusually stretched, but there are a couple of caveats.

The unemployment rate is percent, the lowest level in 17 years. The degree of labour market flexibility is the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.

The most common definition of labour market flexibility has been the neo-liberal definition. This entailed the ease of labour market institutions in enabling labour markets to reach a continuous equilibrium determined by the intersection of.

Key Indicators of the Labour Market (KILM), Ninth edition KILM 1. Labour force participation rate KILM 2. Employment-to-population ratio KILM 3. Status in employment KILM 4. Employment by sector KILM 5. Employment by occupation KILM 6.

Part-time workers KILM 7. Hours of work KILM 8. Employment in the informal economy KILM 9. Unemployment KILM. labour market flexibility may have for employment in the event of external price shocks.

LABOUR MARKET FLEXIBILITY AND EFFICIENCY Contract theory of labour markets suggests that the smoothing of income over time is a natural feature of labour markets in File Size: KB. New research by IMF staff has found there is no evidence that reforms that deregulate labour markets have any positive impact on increasing the economy’s growth potential.

As labour market deregulation has been a key ingredient in the IMF and troika’s financial bail-out programmes in several European member states, this raises serious questions about the way the IMF itself has managed the.

The importance of flexibility / Tools to increase flexibility. The importance of flexibility. A variety of LEED studies have determined that more flexibility in the management of programmes is required for labour market policy to contribute fully to local strategies for economic growth and social inclusion.

Unemployment Insurance. In Figure "Worker Flows in the United States", we described the flow of workers between situations of employment, unemployment, and out of the labor also argued that having a flexible labor market in which people can change jobs easily may more than compensate for the fact that people may sometimes spend time in unemployment.c.

The European experience is more consistent with market-clearing theories of unemployment than that of Canada or the United States. d. These policies reduce labour-market flexibility and tend to increase unemployment. e. Cyclical unemployment will always be higher in these European countries than in Canada or the United States.Flexibility, Employment and Labour Market Reforms in India There is intense debate on labour market reforms in India today.

It is argued that but for restrictive labour laws that create inflexibility in the labour market, the Indian economy would have experienced a higher growth of .

27301 views Monday, November 2, 2020