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Pending Issues in Protection, Productivity Growth, and Poverty Reduction

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dc.contributor.author Santamaria, Mauricio
dc.contributor.author Bosch, Mariano
dc.contributor.author Saavedra, Jaime
dc.contributor.author Sanchez-Paramo, Carolina
dc.contributor.author Fiszbein, Ariel
dc.contributor.author Siga, Lucas
dc.contributor.author Arias, Omar
dc.contributor.author Maloney, William
dc.contributor.author Blom, Andreas
dc.contributor.author Cunningham, Wendy
dc.contributor.author Lopez Acevedo, Gladys
dc.date.accessioned 2012-06-20T18:43:07Z
dc.date.available 2012-06-20T18:43:07Z
dc.date.issued 2005-12
dc.identifier.uri http://hdl.handle.net/10986/8551
dc.description.abstract This paper selectively synthesizes much of the research on Latin American and Caribbean labor markets in recent years. Several themes emerge that are particularly relevant to ongoing policy dialogues. First, labor legislation matters, but markets may be less segmented than previously thought. The impetus to voluntary informality, which appears to be a substantial fraction of the sector, implies that the design of social safety nets and labor legislation needs to take a more integrated view of the labor market, taking into account the cost-benefit analysis workers and firms make about whether to interact with formal institutions. Second, the impact of labor market institutions on productivity growth has probably been underemphasized. Draconian firing restrictions increase litigation and uncertainty surrounding worker separations, reduce turnover and job creation, and poorly protect workers. But theory and anecdotal evidence also suggest that they, and other related state or union induced rigidities, may have an even greater disincentive effect on technological adoption, which accounts for half of economic growth. Finally, institutions can affect poverty and equity, although the effects seem generally small and channels are not always clear. Overall, the present constellation of labor regulations serves workers and firms poorly and both could benefit from substantial reform. en
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 3799
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject SEVERANCE PAYMENTS
dc.subject LATIN AMERICAN
dc.subject PRIMARY SOURCE
dc.subject AGGREGATE EMPLOYMENT
dc.subject LABOR MARKETS
dc.subject WORKERS
dc.subject ACTIVE LABOR
dc.subject DISCOURAGED WORKERS
dc.subject LABOR TURNOVER
dc.subject JOB TRAINING
dc.subject WORK IN PROGRESS
dc.subject NON-WAGE COSTS
dc.subject MORTALITY
dc.subject DISCUSSIONS
dc.subject ELASTICITY
dc.subject ECONOMIC INSECURITY
dc.subject AGED WORKERS
dc.subject ECONOMIES OF SCALE
dc.subject LABOR CONTRACT
dc.subject EMPLOYMENT EFFECTS
dc.subject FIRM LEVEL
dc.subject UNEMPLOYED WORKERS
dc.subject SELF EMPLOYED WORKERS
dc.subject POLITICAL ECONOMY
dc.subject FIRING COST
dc.subject UNEMPLOYMENT SPELLS
dc.subject PRODUCTIVITY GROWTH
dc.subject MORAL HAZARD
dc.subject SOCIAL PROTECTION
dc.subject PROTECTING WORKERS
dc.subject PRODUCTIVITY LEVELS
dc.subject CAREERS
dc.subject SALARIED WORKERS
dc.subject HOUSEHOLD INCOME
dc.subject JOB SEARCH
dc.subject LABOR PRODUCTIVITY
dc.subject WORK · MEASUREMENT
dc.subject EMPLOYMENT GROWTH
dc.subject INCOME DISTRIBUTION
dc.subject DISMISSALS
dc.subject TRAINING PROGRAMS
dc.subject WORKING
dc.subject LABOR FORCE
dc.subject WORKER
dc.subject UNEMPLOYMENT INSURANCE
dc.subject AVERAGE PRODUCTIVITY
dc.subject SOCIAL SECURITY
dc.subject SAFETY NET
dc.subject UNEMPLOYED
dc.subject STRUCTURAL UNEMPLOYMENT
dc.subject JOB CREATION
dc.subject DISMISSAL
dc.subject SMALL BUSINESS
dc.subject DECISION MAKING
dc.subject SELF EMPLOYED
dc.subject COLLECTIVE BARGAINING
dc.subject LABOR MARKET POLICY
dc.subject ECONOMIC GROWTH
dc.subject MARGINAL PRODUCT
dc.subject LABOR LEGISLATION
dc.subject HIRING
dc.subject UNSKILLED WORKERS
dc.subject SAFETY NETS
dc.subject INFORMAL SECTOR WORKERS
dc.subject LABOR MARKET
dc.subject OPEN ECONOMIES
dc.subject INFLATION RATES
dc.subject SKILL ACCUMULATION
dc.subject WAGE GAP
dc.subject FIRING COSTS
dc.subject MEDICAL CARE
dc.subject SELF EMPLOYMENT
dc.subject PRIVATE SERVICES
dc.subject LABOR FORCE PARTICIPATION
dc.subject MINIMUM WAGES
dc.subject ACTIVE LABOR MARKET
dc.subject HOUSEHOLD SURVEYS
dc.subject UNEMPLOYMENT RATES
dc.subject COMPETITIVENESS
dc.subject MINIMUM WAGE
dc.subject JOB DESTRUCTION
dc.subject PRODUCTIVITY INCREASES
dc.subject EMPLOYMENT RATE
dc.subject TRADE REFORMS
dc.subject UNEMPLOYMENT RATE
dc.subject SALARIED EMPLOYMENT
dc.subject HIGH UNEMPLOYMENT
dc.subject ACTIVE LABOR MARKET POLICIES
dc.subject NET EMPLOYMENT
dc.subject LONG-TERM UNEMPLOYMENT
dc.subject GDP
dc.subject LABOR MARKET OUTCOMES
dc.subject UNIONS
dc.subject UNEMPLOYMENT COMPENSATION
dc.subject OPPORTUNITY COST
dc.subject JOBS
dc.subject WAGE GROWTH
dc.subject PRODUCTIVITY GAINS
dc.subject INFORMAL LABOR MARKET
dc.subject YOUTH UNEMPLOYMENT
dc.subject LABOR REGULATIONS
dc.subject UNEMPLOYMENT INSURANCE PROGRAM
dc.subject TOTAL COSTS
dc.subject REAL WAGES
dc.subject JOBLESS GROWTH
dc.subject HUMAN RESOURCES
dc.subject INFORMAL EMPLOYMENT
dc.subject WAGE GAINS
dc.subject UNEMPLOYMENT DURATION
dc.subject FIRING
dc.subject TRADE LIBERALIZATION
dc.subject LABOR CODES
dc.subject ECONOMIC SITUATION
dc.subject EMPLOYEE
dc.subject LABOR ORGANIZATION
dc.subject EMPLOYMENT PROTECTION LEGISLATION
dc.subject FIRING RESTRICTIONS
dc.subject HUMAN CAPITAL
dc.subject ADJUSTMENT PROCESS
dc.subject EXPORTS
dc.subject ADVERSE IMPACTS
dc.subject INCOME SECURITY
dc.subject EMPLOYMENT CREATION
dc.subject FOREIGN COMPETITION
dc.subject PRODUCTIVITY EFFECTS
dc.subject INFORMAL SECTOR
dc.subject LABOR MARKET RIGIDITIES
dc.subject INDUSTRIAL RELATIONS
dc.subject LABOR MARKET INDICATORS
dc.subject LABOR MARKET INSTITUTIONS
dc.subject YOUNG WORKERS
dc.subject TEMPORARY JOBS
dc.subject LABOR REGULATION
dc.subject INDIGENOUS WORKERS
dc.title Pending Issues in Protection, Productivity Growth, and Poverty Reduction en
dc.rights.holder World Bank


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