Labor Market Reform Options To Boost Employment In South Africa

Author : Mr. Romain A Duval
Publisher : International Monetary Fund
ISBN 13 : 1513584472
Total Pages : 39 pages
Book Rating : 4.78/5 ( download)

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Download or read book Labor Market Reform Options to Boost Employment in South Africa written by Mr. Romain A Duval and published by International Monetary Fund. This book was released on 2021-06-11 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 urgency of action. This paper reviews labor market policy and other reform options to enhance South Africa’s job market performance, drawing from international evidence and new analysis. We find much scope for improving the design of key labor market institutions—including collective bargaining and employment protection legislation—and active labor market policies to improve job seekers’ prospects. These reforms should come hand-in-hand with others, such as in the areas of education or product market regulation, that may work pay. Labor market and other reforms would primarily benefit disadvantaged groups such as youth.

Author : F. S. Barker
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.08/5 ( download)

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Download or read book The South African Labour Market written by F. S. Barker and published by . This book was released on 2007 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Rahul Anand
Publisher : International Monetary Fund
ISBN 13 : 1498358934
Total Pages : 37 pages
Book Rating : 4.34/5 ( download)

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Download or read book South Africa written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-07-11 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates 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 lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.

Author : Peter Gahan
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.95/5 ( download)

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Download or read book What Model for the South African Labor Market? written by Peter Gahan and published by . This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Romain A Duval
Publisher : International Monetary Fund
ISBN 13 : 1498313264
Total Pages : 58 pages
Book Rating : 4.61/5 ( download)

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Download or read book Designing Labor Market Institutions in Emerging and Developing Economies written by Mr.Romain A Duval and published by International Monetary Fund. This book was released on 2019-05-21 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.

Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451854781
Total Pages : 98 pages
Book Rating : 4.87/5 ( download)

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Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Author : Haroon Bhorat
Publisher :
ISBN 13 : 9789221130574
Total Pages : 62 pages
Book Rating : 4.76/5 ( download)

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Download or read book The South African Labour Market in a Globalizing World written by Haroon Bhorat and published by . This book was released on 2002 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264269576
Total Pages : 179 pages
Book Rating : 4.76/5 ( download)

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Download or read book Labour Market Reforms in Portugal 2011-15 A Preliminary Assessment written by OECD and published by OECD Publishing. This book was released on 2017-02-21 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report evaluates the comprehensive labour market reforms undertaken in Portugal in 2011-15. It reviews reforms in employment protection legislation, unemployment benefits, activation, collective bargaining, minimum wages and working time, and assesses the available evidence on their impact.

Author : Delfin S. Go
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.35/5 ( download)

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Download or read book Wage Subsidy and Labor Market Flexibility in South Africa written by Delfin S. Go and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, the authors use a highly disaggregate general equilibrium model to analyze the feasibility of a wage subsidy to unskilled workers in South Africa, isolating and estimating its potential employment effects and fiscal cost. They capture the structural characteristics of the labor market with several labor categories and substitution possibilities, linking the economy-wide results on relative prices, wages, and employment to a micro-simulation model with occupational choice probabilities in order to investigate the poverty and distributional consequences of the policy. The impact of a wage subsidy on employment, poverty, and inequality in South Africa depends greatly on the elasticities of substitution of factors of production, being very minimal if unskilled and skilled labor are complements in production. The desired results are attainable only if there is sufficient flexibility in the labor market. Although the impact in a low case scenario can be improved by supporting policies that relax the skill constraint and increase the production capacity of the economy especially towards labor-intensive sectors, the gains from a wage subsidy are still modest if the labor market remains very rigid.

Author : Rahul Anand
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.53/5 ( download)

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Download or read book South Africa written by Rahul Anand and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates 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 lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.