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The level of compliance with minimum wage laws often depends on factors specific to each labor market. In most developing countries, a substantial share of workers still earns less than the legal minimum. Enforcement has not kept up with growth in regulations to protect workers from low wages...
Persistent link: https://www.econbiz.de/10011420509
France and Germany are two polar cases in the European debate about rising youth unemployment. Similar to what can be observed in Southern European countries, a “lost generation” may arise in France. In stark contrast, youth unemployment has been on continuous decline in Germany for many...
Persistent link: https://www.econbiz.de/10010209725
Over the last 30 years, researchers have disputed the mixed evidence of the effect of the minimum wage on teenage employment in the United States. Whenever the minimum wage has positive or no effects on employment, they appeal to monopsony models to explain their results. However, very few of...
Persistent link: https://www.econbiz.de/10012391092
Public works programs in developing countries can reduce poverty in the long term and help lowskilled workers cope with economic shocks in the short term. But success depends on a scheme's design and implementation. Key design factors are: properly identifying the target population; selecting...
Persistent link: https://www.econbiz.de/10011414560
This paper provides a new perspective by classifying active labor market programs (ALMPs) depending on their objectives, relevance and cost-effectiveness during normal times, a crisis and recovery. We distinguish ALMPs providing incentives for retaining employment, incentives for creating...
Persistent link: https://www.econbiz.de/10011428389
Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment. Addressing this problem requires the use of active...
Persistent link: https://www.econbiz.de/10011432202
Persistent link: https://www.econbiz.de/10011922275
This paper analyzes job creation when the Korean economy transitioned to a knowledge economy from the 1990s to the 2010s. During this period, the ratio of service to manufacturing jobs increased, knowledge intensive industries grew, and job creation became geographically concentrated around...
Persistent link: https://www.econbiz.de/10013370469
Persistent link: https://www.econbiz.de/10011806054
Governments regulate employment to protect workers and to improve labor market efficiency. However, employment regulations can be controversial, often complicated by opposing ideological views. Thus, it is important for policymakers in developing countries to base decisions on empirical evidence...
Persistent link: https://www.econbiz.de/10011417278