Documents International Institute for Labour Studies, Geneva 47 results

"The paper makes use of newly developped information on unemployment dynamics. On the basis of a matching model of the labour market the paper analyses the economic, institutional and policy determinants of unemployment in- and outflows. Standard determinants are found to be significant with the expected sign. In particular adverse productivity shocks, higher user costs of capital, stronger real wage growth, heavier tax burden, larger unionization rate and more stringent employment protection legislation can be shown to depress unemployment dynamics. Moreover, the impact of the degree of wage bargaining centralization confirms the original Calmfors-Driffill insight also in the flow context. The paper also identifies the impact of policy interventions through fiscal and labour market spending using a macroeconomic, simultaneous equation set-up. The paper assess the relative contribution of these policies in stimulating unemployment outflows and analyzes the effectiveness of different policy instruments at different time horizons, stressing the importance of passive labour market measures to stimulate unemployment outflows and to limit unemployment inflows."

"Demonstrates that due to the financial crisis in 2009 economic activity in Germany decreased at a size which has not been observed since World War II. Shows that in particular export-oriented firms in manufacturing faced a shrinking demand and therefore an underutilisation of capital and labour. However, with respect to the dramatic decrease in gross domestic product (GDP), argues that the German labour market remained to be quite robust. Compared with other countries shows that the German labour market performed much better during the crisis and the present period of recovery."

"The European Commission and the International Labour Organization have combined efforts in reaction to the deep crisis that hit the global economy in 2008. The aim of this joint project is to examine policies that will lead not only to a quicker recovery but also to a more sustainable, environmentally friendly and equitable global economy. This is particularly relevant given the uneven and fragile nature of the recovery process across and within countries. These efforts have culminated in the publication of two Synthesis Reports. The first report examines the origins of the crisis and provides an overview of immediate policy responses across both developed and developing economies; the second discusses green policies and labour market issues related to this necessary long-term economic transformation. Both reports are based on a series of technical discussion papers.
This first report examines the origins of the deep financial and economic crisis that hit the world economy in 2008 and that continues to shape labour market performance across the globe. The report discusses general lessons to be learned form financial crises as well as the role of global imbalances that have taken a prominent place in the current crisis. The report then presents global stimulus measures and assesses their effectiveness, comparing them with earlier examples in Argentina and the Republic of Korea. Finally, the report provides an overview of policy measures to maintain the recovery momentum in times of increasingly reduced policy space, focusing on the importance of quality job creation and demand-led initiatives to build a sustainable job-rich recovery. "

"The European Commission and the International Labour Organization have combined efforts in reaction to the deep crisis that hit the global economy in 2008. The aim of this joint project is to examine policies that will lead not only to a quicker recovery but also to a more sustainable, environmentally friendly and equitable global economy. This is particularly relevant given the uneven and fragile nature of the recovery process across and within countries. These efforts have culminated in the publication of two Synthesis Reports. The first report examines the origins of the crisis and provides an overview of immediate policy responses across both developed and developing economies; the second discusses green policies and labour market issues related to this necessary long-term economic transformation. Both reports are based on a series of technical discussion papers.

This second report aims to promote a clearer understanding of the nature of the green economy and its implications for labour markets, especially the reallocation of jobs from high- to low-polluting sectors. It shows that a double dividend in terms of increased decent work opportunities and a greener economy is possible, provided that complementarities between environmental, economic and social policies are adequately exploited. The report discusses the green policy measures that EU countries are currently undertaking, with a view to identifying any gaps in the policy mix. It also presents model estimates on the likely transmission mechanisms arising from these measures."