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This chapter reviews what economists have learned about the impact of labor market institutions, defined broadly as government regulations and union activity on labor outcomes in developing countries. It finds that: (1) Labor institutions vary greatly among developing countries but less than...
Persistent link: https://www.econbiz.de/10014025732
This report consists of a comprehensive overview of labour market institutions in the small Pacific island countries in order to propose recommendations to improve the performance of their labour markets. We pay particular attention to three countries: Fiji, Palau and Papua New Guinea. We focus...
Persistent link: https://www.econbiz.de/10012115200
What happens when a previously uncovered labor market is regulated? We exploit the in- troduction of a minimum wage in South Africa and variation in the intensity of this law to identify increases in wages and formal contract coverage, and no signicant eects on employment on the intensive or...
Persistent link: https://www.econbiz.de/10011150186
in particular. Companies' wage costs increased, and as productivity did not change, profits declined. …
Persistent link: https://www.econbiz.de/10015332009
show that on average employment and revenues fall, wages increase, while firms' productivity, workers' average quality, the … the firms' productivity distribution. Employment, revenues, productivity and the profit margin are positively or not …
Persistent link: https://www.econbiz.de/10012588728
show that on average employment, revenues, profits and investments fall, wages increase, while firms' productivity and … firms' productivity distribution. Employment, revenues, productivity, profits and investments are positively or not related …
Persistent link: https://www.econbiz.de/10012511577
are below marginal productivity, as with monopsony, employers are able to increase wages without laying off workers, but … - where wages are more likely to be below marginal productivity - experience significantly more positive employment effects …
Persistent link: https://www.econbiz.de/10012867112
This paper provides an extensive review of the literatures on product and labor market regulations and their effects on labor market outcomes. It uncovers the interdependence of these two types of regulations, an area that has received limited attention in research. The paper highlights why...
Persistent link: https://www.econbiz.de/10015158076
The federal government has imposed a minimum wage since 1938, and nearly all the states impose their own minimum wages. These laws prevent employers from paying wages below a mandated level. While the aim is to help workers, decades of economic research show that minimum wages usually end up...
Persistent link: https://www.econbiz.de/10014160301
productivity. Low productivity firm's optimal choice of employment and wage will be unaffected by the introduction of the minimum … wage. High productivity firms comply so that wage and employment effects are non-negative for these firms. …
Persistent link: https://www.econbiz.de/10012663184