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A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy. In general, however, the long-run employment outcome is ambiguous, and a decline in output cannot be ruled out. More direct policy measures whose impact can be assessed with greater certainty—in particular, removing structural rigidities in the labor market—should be given priority to decrease long term unemployment.
A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy. In general, however, the long-run employment outcome is ambiguous, and a decline in output cannot be ruled out. More direct policy measures whose impact can be assessed with greater certainty in particular, removing structural rigidities in the labor market should be given priority to decrease long term unemployment.
Widely regarded as the best, most comprehensive text available for the in-depth study of labor market theories, The Economics of Labor Markets, 6e calls upon excellent pedagogical elements and empirical research to introduce students to labor economics. The authors' balanced approach to the material enables students to gain an understanding of the background of the field as they explore its latest developments and unique topics not covered in most competing texts. Intended as the basic text for an undergraduate course in labor economics or labor relations, this book also is suitable as a survey or reference text for a graduate level course.
Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
First published in 1987, this Routledge Revival reissues the first systematic and integrated analysis of working time and employment, reaching to the core elements of a vital area of labour economics. It offers both a comprehensive analysis of the impact of workweek reductions on employment and hours as well as a thorough coverage of part-time employment, temporary lay-offs, short-time working, labour subsidies, social security funding, mandatory and early retirement and collective bargaining. This book provides the first comprehensive attempt to examine carefully the key economic issues involved in the general policy debate on working time and employment. This reissue will be of serious interest to advanced undergraduates, post-graduates and researchers in labour economics, and will also be relevant to those interested in labour microeconomics, macroeconomics, business economics and management studies.
According to Ivar Berg's performance criteria, over half of the U.S. workforce is now underemployed. Using analysis based on U.S. and Canadian surveys of work and learning experiences and other documental data, author David Livingstone exposes the myth of the "learning enterprise" and argues that the major problem in education-work relations is not education but the mismatch between work and worker.