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Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...
Persistent link: https://www.econbiz.de/10012612327
Labor earnings are the dominant income source for most individuals. Thus, an inclusive labor market is key for ensuring inclusive growth. In this paper we propose four principles that an inclusive labor market will embody: access, fairness, protection and voice. While measuring inclusivity...
Persistent link: https://www.econbiz.de/10012613377
well as women are the most affected by the COVID-19 shock in terms of job loss rates. The differential impacts were …
Persistent link: https://www.econbiz.de/10013170558
hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a … large part of the recent rise in the unemployment rate may reflect an increase in the structural rather than the cyclical … component of unemployment. Various sources of labor market rigidities that may have contributed to the increase in structural …
Persistent link: https://www.econbiz.de/10014398109
This paper examines the determinants of Italian unemployment by estimating and utilizing a structural vector … autoregressive (VAR) model. Both long-run and short-run macroeconomic determinants of unemployment are examined; the latter are … forecasts of unemployment are produced. A number of scenarios are also constructed to highlight the effect of alternative labor …
Persistent link: https://www.econbiz.de/10014398544
Persistent link: https://www.econbiz.de/10013170607
This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidities in the formal labor and product markets. Along with increasing GDP and...
Persistent link: https://www.econbiz.de/10011705079
This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using … on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is … found to be important for reducing inequality - estimates suggest that a 10 percentage point reduction in unemployment …
Persistent link: https://www.econbiz.de/10011711738
The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … benefits into employment subsidies--“benefit transfers” for short--would help replace the unemployment trap by an incentive to …
Persistent link: https://www.econbiz.de/10014398707
the creation of part-time jobs for women aged 25-49 in the services sector, but in most EU countries the substitution of …
Persistent link: https://www.econbiz.de/10014400873