Comparative Analysis of Labor Market Outcomes


Book Description

We analyze a 1960-96 panel of OECD countries to explain why the US moved from relatively high to relatively low unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market institutions explain a modest portion of this change, the interaction of these shocks and labor market institutions is the most important factor explaining the shift in US relative unemployment. Our finding of the central importance of these interactions is consistent with Blanchard and Wolfers (2000). We also show that, controlling for country- and time-specific effects, high employment is associated with low wage levels and high levels of wage inequality. These findings suggest that US relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to affect real and relative wages to a greater degree than is true in other countries. Disaggregating, we find that the employment of both younger and older people fell sharply in other countries relative to the United States since the 1970s, with much smaller differences in outcomes among the prime-aged. In the late 1990s, the US had lower unemployment than our models predict, suggesting exceptionally favorable recent US experience




Education and Labour Market Outcomes


Book Description

This book offers a comprehensive empirical analysis of educational inequalities and their consequences on individual labour market outcomes for men and women in France and Germany, two countries with different education systems. Using microdata of either country, the analyses mainly rely on econometric methods. After a detailed comparison of the French and the German education systems, the social determinants of school and post-school attainment are analysed. Then, the extent to which education reduces the unemployment risk is examined, distinguishing between risk of entering unemployment, unemployment duration and recurrence of unemployment episodes. Finally, evidence is given on the impact of education on individual earnings prospects.










Labor Markets and Employment Relationships


Book Description

This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis




Young People and the Labour Market


Book Description

Young people are a vulnerable category of workers, finding themselves in a delicate phase of their working life: their first entry into the labour market. In many European countries, youngsters are unemployed or have difficulty finding and obtaining jobs. This situation has deteriorated particularly after the crises, recessions and stagnation that has impacted European economies in recent years. In addition to the cyclical or crisis impact, structural factors are also very important. Additionally, prolonged crises, as in some Eurozone countries, have transformed a significant part of cyclical unemployment in structural (long term) unemployment. Young People and the Labour Market: A Comparative Perspective explores the condition of young people in the labour market. The authors present new evidence from several countries, with a special focus on Europe, and offer a comparative perspective. They investigate questions such as which structural conditions and labour market institutions guarantee better youth performance, which education systems and school-to-work processes are more effective and in which countries is gender differentiation less of an issue. All of the aforementioned, as well as many other comparisons which the authors make, are significant in helping to facilitate the successful design of labour and education policies. As the first investigation by economists to explore the complexity of this topic, this book will be useful to both economists and sociologists who are interested in the role of young people in the labour market, and the problem of youth unemployment.




Social Policies, Labour Markets and Motherhood


Book Description

The relationship between fertility and the participation rate of women in the workforce is an increasingly important area of study for economists, demographers and policy-makers. Recent data show important differences in the relationship between employment rates of women and fertility across Europe. For example, in southern Europe, low fertility rates are combined with low rates of female participation. In contrast, Nordic countries are experiencing relatively high fertility rates combined with high female labour market participation. Social Policies, Labour Markets and Motherhood analyses the effects of policies aimed to reconcile motherhood and labour market participation. Making extensive use of European Community Household Panel data, it compares the outcomes of policies in several European countries, analysing why they succeed in some environments but not in others. It will be of interest to researchers, policy-makers and graduate students working on labour markets, population economics, demography and the methodology of applied microeconomics.




Higher Education and Employment


Book Description

Originally published in 1987, this book focusses on the relationship between higher education and employment and is based on 21 national case studies. The countries discussed are Bangladesh, Benin, Botswana, Egypt, Germany, Malaysia, Pakistan, People's Democratic Republic of Yemen, Philippines, Poland, Sri Lanka, Sudan, Tanzania, the former Union of Soviet Socialist Republics, Zambia, the State of West Bengal (India), Mali, Nepal, France, Indonesia and Peru. It is a unique collection of information, analyses and results which provide the basis for methodological lessons. The synthesis of the case studies has particular relevance as the unemployment or underemployment of higher-education graduates has become a universal issue, challenging all countries whether ‘developing’ or ‘developed’ and irrespective of their political ideology. Now, just as at the time of original publication, the effects of economic stagnation on the one hand, and an unchecked expansion of higher education on the other, are at the centre of the problem. The materials collected in the course of these studies provide a comprehensive data base which allows for some broad conclusions that are generally applicable to the higher-education planning process. The book identifies the determinants of demand for higher education and analyses the transition from higher education to work, as well as the actual mechanisms of the employment system during the latter part of the 20th Century.




International and Comparative Employment Relations


Book Description

'The most comprehensive and authoritative comparative analysis of employment relations . . .' Thomas Kochan, Massachusetts Institute of Technology, United States '. . . breaks new ground as an integrated account of the forces shaping employment relations.' William Brown, University of Cambridge. United Kingdom Established as the standard reference for a worldwide readership of students, scholars and practitioners in international agencies, governments, companies and unions, this text offers a systematic overview of international employment relations. Chapters cover the United Kingdom, United States, Canada, Australia, Italy, France, Germany, Denmark, Japan, South Korea, China and India. Experts examine the context of employment relations in each country: economic, historical, legal, social and political. They consider the roles of the major players: employers, unions and governments. They outline the processes of employment relations: collective bargaining and arbitration, consultation and employee involvement. Topical issues are discussed: non-unionised workplaces, novel forms of human resource management, labour law reform, multinational enterprises, networked organisations, differences between Asian and Western companies, small and medium-sized enterprises, migrant workers, technological change, labour market flexibility and pay determination. This sixth edition is fully revised with an emphasis on globalisation and comparative theories, including concepts of convergence. It offers a new framework for varieties of capitalism in the Introduction, and concludes with an insightful account of the forces shaping employment relations in the world economy.