Labor markets and institutions
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Date
2005
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
The importance of the labor market is indisputable. The countries' economic outcomes rely to a significant extent on its performance, as production, economic growth, and prices are all intimately linked with it. Moreover, the functioning of the labor market is a key determinant of social welfare. Elements such as unemployment and its duration, job quality, wages and compensations, greatly influence individual well being, and are in turn greatly influenced by the performance of the labor market and its institutions. Thus, labor markets and their response to shocks or changing conditions, the functioning of labor institutions under different scenarios, the ways in which they can be modified to improve their efficiency and the endogeneity of sub-optimal institutional arrangements, are some of the very significant issues that are analyzed in the collection of studies included in this book. Surely, it will contribute to a better understanding of this market by proposing new empirical evaluation approaches, and will enlighten the policy discussion by suggesting ways to improve the design of labor regulations and institutions.
Keywords
MERCADO LABORAL, POLĂTICA DE MANO DE OBRA