Search results for "Labour market flexibility"

showing 6 items of 6 documents

The Concept of Labour Market Flexicurity in the Eurozone

2013

This chapter discusses the evolution of the idea of a flexible labour market as a smooth shock absorber in case of asymmetric shocks. The concept of flexible labour markets became an institutionally well-established concept when the OECD constructed its index of labour market strictness. The OECD recognised, however, the weakness of its narrow approach and the European Commission put forward the more novel notion of flexicurity. Next, this chapter explains how the proposal of the concept of flexicurity aims at reaching a reasonable agreement between both the efficiency and the security principles by taking into consideration the interest of all the stakeholders in the labour market, includi…

Market economyIndex (economics)Member statesLabour market flexibilityEuropean commissionBusinessEconomic systemFlexicurityWage bargaining
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UNEMPLOYMENT PERSISTENCE AND THE SUSTAINABILITY OF EXCHANGE RATE PEGS

2010

Published in Scottish Journal of Political Economy, Volume 57, No. 1, February 2010: 85-102

Persistence (psychology)Economics and EconometricsExchange rateSociology and Political Sciencemedia_common.quotation_subjectSustainabilityUnemploymentEconomicsDevaluationLabour market flexibilityMonetary economicsInternational economicsmedia_commonScottish Journal of Political Economy
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Fiscal adjustments, labour market flexibility and unemployment

2014

Using a panel of 17 countries for 1978-2009, we find that tax-driven consolidations increase unemployment by 0.25 percentage points. Labour market flexibility mitigates this: a one-point rise in the flexibility index reduces youth (long-term) unemployment by 0.6-0.7 (1.8-2.2) percentage points.

Economics and EconometricsLabour economicsFull employmentYouth and long-term unemploymentmedia_common.quotation_subject1. No povertySettore SECS-P/02 Politica EconomicaFlexibility IndexLabour market flexibilitySocial SciencesPercentage pointUnemployment8. Economic growthUnemploymentFiscal adjustmentEconomicsFiscal adjustmentsFinancemedia_commonLabour market flexibility
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Flexible Wage Contracts, Temporary Jobs, and Firm Performance: Evidence From Italian Firms

2013

This study focuses on the effects of decentralized wage schemes and temporary forms of employment on firm performance. The effect of monetary incentives on workers' effort and firm performance is a central topic in economics. According to the principal-agent paradigm, firms (the principal) have to link employees' remuneration schemes to any verifiable indicator of performance to avoid opportunistic behavior. The empirical evidence shows that financial incentives have the potential to exert strong effects on indicators of firm performance, such as productivity and worker absenteeism, although the degree of effectiveness of such schemes varies significantly according to the institutional/econ…

Organizational Behavior and Human Resource ManagementLabour economicsStrategy and Managementmedia_common.quotation_subjectWagePerformance-related-paylabour market flexibility equation system wage incentivesPerformance-related payIncentiveDismissalManagement of Technology and InnovationEffortIndustrial relationsEconomicsRemunerationAbsenteeismProductivity; Effort; Performance-related-pay; Temporary contractsSettore SECS-P/01 - Economia PoliticaEmpirical evidenceProductivityProductivityTemporary contractsmedia_commonIndustrial Relations: A Journal of Economy and Society
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Identifying Resilient and Non-Resilient Labour Conditions in Europe Using Qualitative Comparative Analysis

2016

Based on the concept of labour market resilience, this paper is aimed to determine the combination of initial conditions behind resilient and non-resilient labour markets after the financial crisis in 2008 in Europe. We start from the assumption that some initial conditions in 2007 are crucial to achieve a specific labour result when a shock appears. In this sense, the effect of temporary employment in cyclical sectors, labour market flexibility, the level of education among the workforce, and the expenditure on Labour Market Policies (LMP) have been tested using crisp-set Qualitative Comparative Analysis (csQCA) in 25 European countries. Whilst our results do not explain labour market resi…

Labour economicsShock (economics)Qualitative comparative analysismedia_common.quotation_subjectWorkforceFinancial crisisEconomicsLabour market flexibilitymedia_common.cataloged_instancePsychological resilienceEuropean unionJob lossmedia_commonEuropean Journal of Economics and Business Studies
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Coping with Asymmetric Shocks in the EMU: The Role of Labour Market Flexibility

2013

The chapter discusses the economic conditions for the success of EMU when there is still a need for structural reforms in the markets of goods and services, and factors of production. In view of asymmetric shocks, experience shows that behaviour in nominal and real wage growth resulted in increased unemployment throughout the EU15. Fiscal policy, on the other hand, could mitigate to some extent the burden of wage adjustment, and could play an important role in improving productivity. In general, however, smooth shock-absorption requires a flexible wage formation process to circumvent low employment levels, but the risk of hysteresis would remain. To avoid the accumulation of wage and labour…

Labour economicsCoping (psychology)Goods and servicesmedia_common.quotation_subjectUnemploymentWageEconomicsFactors of productionLabour market flexibilityPrice of stabilityFiscal policymedia_common
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