Economic and Labour Market Paper 2007 / 3 In search of optimal

نویسنده

  • Peter Auer
چکیده

or in other countries with associated Reproduction Rights Organizations, may make photocopies in accordance with the licences issued to them for this purpose. The designations employed in ILO publications, which are in conformity with United Nations practice, and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the International Labour Office concerning the legal status of any country, area or territory or of its authorities, or concerning the delimitation of its frontiers. The responsibility for opinions expressed in signed articles, studies and other contributions rests solely with their authors, and publication does not constitute an endorsement by the International Labour Office of the opinions expressed in them. Reference to names of firms and commercial products and processes does not imply their endorsement by the International Labour Office, and any failure to mention a particular firm, commercial product or process is not a sign of disapproval. ILO publications can be obtained through major booksellers or ILO local offices in many countries, or direct from ILO Publications, International Labour Office, CH-1211 Geneva 22, and Switzerland. Catalogues or lists of new publications are available free of charge from the above address, or by Preface The presumed effects of globalisation on the economies and the labour markets of the world have triggered a new interest in the working of institutions in general and in labour market institutions in particular. The stylised facts in this debate seem to be: globalisation introduces more volatility in labour markets, with more entries and exits of both firms and workers and therefore the capacity to constantly adjust – again both for firms and workers – becomes crucial. " Rigid " labour market institutions thus become a binding constraint, as they are assumed to hinder efficient adjustment, resulting in productivity losses and inefficient (reallocation n of labour on labour markets. In addition, generous social security benefits would equally hinder quick adjustment, because of the work disincentive that is part of such schemes. However, this view, which blames an important part of worker's security for exacerbating labour market and economic problems, is not shared by everyone and the debate on labour market institutions continues unabated: on the one hand ever more sophisticated econometric models are used to suggest that at their present levels, labour market institutions cause distortions in labour markets and are thus responsible for unemployment, low employment levels, informality and …

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تاریخ انتشار 2007