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Globalization and the labor market (Inglês)

Does globalization affects labor market outcomes? Can labor market policies mitigate or offset the effects? Would these polices have important side effect on efficiency this article addresses these questions through an analytical survey of the literature, including several studies under preparation. Some of the studies use new cross-country database of wages and other labor market indicators. Although all the answer should be considered tentative some patterns emerge. Different aspects of globalization have different consequence. In the short run wages fall with openness to trade and rise with foreign direct investment also increase (substantially) the returns to education. Social protection programs are effective in reducing inequality. Minimum wages, public sector employment, and core labor standards are not. Between these two extremes, collective bargain works mainly for the middle class. Social protection programs do not adversely affect efficiency, but high public sector employment and trade union membership are associated with weaker performance in the context of adjustment.

Detalhes

  • Autor

    Rama,Martin G.

  • Data do documento

    2003/01/01

  • TIpo de documento

    Artigo de revista

  • No. do relatório

    76452

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Mundo,

  • Região

    Regiões Mundiais,

  • Data de divulgação

    2013/04/08

  • Disclosure Status

    Disclosed

  • Nome do documento

    Globalization and the labor market

  • Palavras-chave

    labor market policy;foreign direct investment;minimum wage;labor market indicator;Occupation;explanatory variable;return to education;public sector employment;labor market outcome;inequality indicator;research observer;access to world market;skill need;social security contribution rate;political liberty;labor market rigidity;Labor market rigidities;union membership rate;social security system;core labor standard;international trade model;labor market intervention;mandatory severance pay;union wage premium;economic reform;wage level;social protection program;policy and institution;multilateral trading system;rigid labor market;concentration of land;average educational attainment;public sector job;public sector wage;collective bargaining agreement;formal sector worker;labor force survey;years of schooling;government intervention;fixed effect;standard deviation;political economy implication;average monthly wage;formal sector wage;demand for labor;export processing zone;labor market study;unpaid family worker;domestic labor market;export market share;distribution of wage;job security regulation;trade union membership;effect of trade;informal sector worker;high minimum wages;high growth rate;increase in labor;private sector counterpart;black market premium;private sector wage;gross domestic product;purchasing power parity;distribution of consumption;private sector worker;labor market variable;investment in children;labor market rent;political economy argument;social security benefit;success of reform;labor union membership;political economy considerations;privatization of state;social security administration;income support program;economic policy choices;industrial country;

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