Post-Institutionalism in Labor Economics: The Forties and Fifties Revisited

ILR Review ◽  
1986 ◽  
Vol 39 (3) ◽  
pp. 388-403 ◽  
Author(s):  
Martin Segal
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Job Search ◽  
Labor Economics ◽  
Critical Role ◽  
Wage Structure ◽  
Wage Determination ◽  
Internal Labor Markets ◽  
Determination Process ◽  
The Impact

This paper describes and evaluates the analytical model of the labor market developed by prominent labor economists of the 1940s and 1950s. The author argues that the post-institutionalist model made significant and lasting contributions to the analysis of labor mobility and the process of job search; to the formulation of models of union policies and the evaluation of the impact of collective bargaining; to the analysis of the factors that shape internal wage structure and contribute to the rise of internal labor markets; and, by its emphasis on the critical role played by the forces of demand, to the analysis of the wage determination process.

The impact of training on productivity and wages in Tunisia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Naouel Ben Jemaa Cherif
Keyword(s):  
Labor Market ◽  
Panel Data ◽  
Labor Markets ◽  
Developing Country ◽  
Labor Productivity ◽  
Design Methodology ◽  
Wage Structure ◽  
Content Type ◽  
Returns To Training ◽  
The Impact

PurposeThe purpose of this paper is to investigate the impact of training on labor productivity and wages in order to examine how the benefits from training are shared between employers and employees.Design/methodology/approachThis study analyzes an industry panel covering all sectors of the Tunisian economy for the period 2000–2014. The panel structure of the data allows controlling for the endogeneity of training by using different panel data techniques.FindingsResults show that both employers and workers benefit from training since it has a positive and significant effect on productivity and wages. However, the effect of training on productivity is substantially higher than on wages, suggesting that employers obtain the largest part of the returns to training. This result is consistent with theories that explain firm-sponsored training by a compressed wage structure in imperfect labor markets.Originality/valueThis study, particularly showcasing the labor market in Tunisia, is one of the first to provide estimates for a developing country to assess the effects of training for both employer and employee. It is also among the few empirical works that analyzed the impact of training on labor productivity and wages simultaneously.

scholarly journals The Impact of Population Aging and Public Health Support on EU Labor Markets

2020 ◽  
Vol 17 (4) ◽  
pp. 1439 ◽  
Author(s):  
Mirela Cristea ◽  
Gratiela Georgiana Noja ◽  
Petru Stefea ◽  
Adrian Lucian Sala
Keyword(s):  
Public Health ◽  
Labor Market ◽  
Older People ◽  
Labor Markets ◽  
Health Expenditure ◽  
Population Aging ◽  
Public Health Expenditure ◽  
Eu Countries ◽  
Life Years ◽  
The Impact

Population aging and public health expenditure mainly dedicated to older dependent persons present major challenges for the European Union (EU) Member States, with profound implications for their economies and labor markets. Sustainable economic development relies on a well-balanced workforce of young and older people. As this balance shifts in favor of older people, productivity tends to suffer, on the one hand, and the older group demands more from health services, on the other hand. These requisites tend to manifest differently within developed and developing EU countries. This research aimed to assess population aging impacts on labor market coordinates (employment rate, labor productivity), in the framework of several health dimensions (namely, health government expenditure, hospital services, healthy life years, perceived health) and other economic and social factors. The analytical approach consisted of applying structural equation models, Gaussian graphical models, and macroeconometric models (robust regression and panel corrected standard errors) to EU panel data for the years 1995–2017. The results show significant dissimilarities between developed and developing EU countries, suggesting the need for specific policies and strategies for the labor market integration of older people, jointly with public health expenditure, with implications for EU labor market performance.

Despotic Time in the UK

2020 ◽  
pp. 75-89
Author(s):  
Alex J. Wood
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Working Time ◽  
Temporal Organization ◽  
Flexible Scheduling ◽  
Internal Labor Markets ◽  
Employment Relations ◽  
Wage Rates ◽  
The United Kingdom ◽  
The Uk

This chapter traces the historical evolution of working time and internal labor markets in the United Kingdom. The term “internal labor market” refers to the shielding of employment relations from the external labor market through mechanisms such as seniority policies, employment protections, internal promotion ladders, and differentiated job structures based on skill and knowledge development. The chapter then looks at the temporal organization of labor at PartnershipCo. It considers wage rates and pay structure, employment protections, mobility, and promotion opportunities, but finds that flexible scheduling is the most significant means of securing control. Flexible scheduling was found to be highly manager-controlled, even when institutionalized working time regulations were present.

Monitoring of regional labor markets and the main trends of labor underutilization in Russia

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Elena V. Sibirskaya ◽  
Maria V. Volkova ◽  
Lyudmila V. Oveshnikova ◽  
Natalia A. Shchukina ◽  
Paweł Lula
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Job Search ◽  
Unmet Need ◽  
Developed Countries ◽  
International Standards ◽  
Content Type ◽  
Normative Documents ◽  
Regional Labor ◽  
Labor Underutilization

PurposeIn the recent two decades, a model of the labor market formed in Russia; it differs from the model that is peculiar for most developed countries. Its specific feature consists in the fact that adaptation to the fluctuations of the economic situation takes place by means of changes in the labor price, not by means of changes in employment and unemployment.Design/methodology/approachSuch model ensures high and stable level of employment and low level of unemployment with significant pro-cyclic fluctuations of wages. Changes that take place in the sphere of employment of population in labor markets and gradual implementation of collection of information in view of the forms of labor activities into the practices of different countries led to the necessity for reconsidering the previously adopted international standards.FindingsThis is due to the fact that the normative documents present the treatment of unemployment without the criterion “job search,” and new indicators of measuring potential labor force and incomplete employment were adopted. The authors analyze the situation of labor underutilization, which is important for characterizing a region of the Russian Federation by the indicator of unmet need for employment.Originality/valueThe offered information could be used for wider monitoring of the labor market, studying the volume and tendencies in the sphere of unemployment, evaluating the problems of integration in the labor market, studying the connection between employment and poverty and forecasting the tendencies.

The Impact of Immigration on Competing Natives' Wages: Evidence from German Reunification

2020 ◽  
Vol 102 (1) ◽  
pp. 79-97 ◽  
Author(s):  
Susanne Prantl ◽  
Alexandra Spitz-Oener
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Democratic Republic ◽  
German Reunification ◽  
Berlin Wall ◽  
Negative Effects ◽  
Labor Market Conditions ◽  
East German ◽  
The Impact ◽  
Direct Measures

After the fall of the Berlin Wall on November 9, 1989, and the collapse of the German Democratic Republic, a sudden, unexpected, and massive influx of East German migrants hit the entire West German labor market. The context is well suited for investigating whether immigration influences natives' wages and how the effects depend on product and labor market conditions. We propose direct measures of potential migration with exogenous variation, compare migrants to natives with similar capabilities, and segment the labor market along predetermined margins. We find that immigration can have negative effects on the wages of natives. These effects surface when product and labor markets are competitive but not under regulations that restrict the entry of firms and provide workers with a strong influence on firms' decision making.

High Tech and High Touch

2017 ◽  
Author(s):  
James E. Coverdill ◽  
William Finlay
Keyword(s):  
Social Media ◽  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
High Tech ◽  
Internal Labor Markets ◽  
Job Seekers ◽  
The Great Recession ◽  
Labor Market Intermediaries ◽  
Large Numbers

This book examines headhunting—contingency recruiting—in the wake of two profound changes in the labor market. The first is the emergence and explosive rise of various forms of social media, most prominently LinkedIn, which have made information about employers, jobs, and job-seekers much more widely available. The second is the unraveling of internal labor markets and the fraying of the ties between employers and employees, which started in the 1980s and 1990s, and accelerated in the wake of the bursting of the dotcom bubble and the Great Recession. Both changes created the possibility that employers and candidates would be able to find each other without the benefit of labor-market intermediaries like headhunters. The book explains why headhunting survived these changes: employers still need headhunters to find good candidates quickly. In a high-tech world, it is relatively easy to find large numbers of apparently qualified prospective candidates. Headhunters, however, determine which of these prospects are truly viable candidates and they invest time and effort in converting prospects into candidates. They bring high-touch search to a high-tech labor market.

Modern Features of the Transformation of the World and Russian Labor Markets

2020 ◽  
Vol 9 (1) ◽  
pp. 5-12
Author(s):  
Vasiliy Svistunov ◽  
Valeriya Konovalova ◽  
Vitaliy Lobachyev
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Digital Technology ◽  
Digital Technologies ◽  
Value Added ◽  
Individual Factors ◽  
Cation Composition ◽  
The World ◽  
Digital Development ◽  
The Impact

The article is devoted to the assessment of the impact of modern digital technologies on the world and Russian labor market. The relevance of the chosen problem is explained by the fact that the achieved level of digital development of society has a signifi cant impact on the size of labor markets, the qualifi cation composition of workers, the demand for certain professions. The article presents the results of the analysis of the impact of digital technology on the growth of Russia’s GDP, the contribution of individual factors of growth in value added of diff erent sectors of the economy, including the sectoral dimension, the dynamics of digital technologies across regions of the country. The article presents the results of studies characterizing new trends in the labor market, formed as a response to the increasingly active penetration of the digital economy in the socioeconomic sphere of society.

scholarly journals Wage Bargaining in the Presence of Social Services and Transfers

2004 ◽  
Vol 57 (1) ◽  
pp. 99-142 ◽  
Author(s):  
Isabela Mares
Keyword(s):  
Labor Market ◽  
Social Policy ◽  
Social Services ◽  
Full Employment ◽  
Wage Bargaining ◽  
Welfare States ◽  
Wage Determination ◽  
Labor Market Institutions ◽  
National Differences ◽  
The Impact

OECD economies were able to reconcile the pursuit of welfare state expansion and full employment during the first decades of the postwar period. Yet the trade-off between these two policy objectives widened in recent decades. To explore the question ofwhy this change occurred, this article extends familiar models of wage determination by adding a number of parameters that capture cross-national differences among welfare states. The model identifies the conditions under which unions deliver wage moderation in exchange for social policy benefits and transfers and explores how different labor-market institutions magnify or decrease the impact of wage choices on the equilibrium level of employment. Next, the author examines the impact of changes in the composition of social policy expenditures and in the level of the tax burden on. unions' wage choices. She shows that mature welfare states, characterized by high tax burdens and a high share of transfers devoted to labor-market outsiders, reduce the effectiveness ofwage moderation in lowering unemployment. The author tests the main propositions using OECD panel data for the period 1960–95.

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