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Institutionalist versus distortionist views of labor market reforms: An investigation into the post-liberalized manufacturing sector in India
Anup Kumar Bhandari, Arun Sudarsan
Journal of Economics, Finance and Administrative Science, Volume 21, Issue 41, December 2016
Labor regulation and employment relation has been investigated in India in light of the seminal work of Besley and Burgess (2004), considering formal sector manufacturing employment as the explained variable. Empirical findings support, although not very strongly, the institutionalist view, i.e., pro-worker amendment in labour laws induces employment. Among the other factors, real wage rate has significant negative effect on employment, whereas that for real per capita developmental capital expenditure, per capita electricity generation capacity and real per capita net state domestic product is significant positive. However, effect of per capita real developmental revenue expenditure is inconclusive. In other words, although it improves employability of workers through their human capital improvement, which is probably met up at the cost of worsening overall infrastructural development, through reducing corresponding capital expenditure! Supporting evidence has also been provided favoring this conjecture.
URL: http://www.sciencedirect.com/science/journal/20771886
Courtesy: Sciencedirect
A decade of labour market reforms in the EU: insights from the LABREF database
Alessandro Turrini, Gabor Koltay, Fabiana Pierini, Clarisse Goffard and Aron Kiss
IZA Journal of Labor Policy 2015, 4:12 (Open Access)
This paper analyses the main features and determinants of labour market reforms in the EU over the period of 2000–2011 using the European Commission LABREF database. The data suggests that the timing, focus, and geographical distribution of reforms reflect the interplay between economic shocks and existing institutions. The 2008 crisis was followed by increased policy activity in most policy domains in a large number of EU countries, initially to cushion the impact of the crisis on employment and incomes, subsequently to improve the adjustment capacity of labour markets. Regression analysis indicates that reform activism is stronger in countries with lower GDP per capita and long-standing EU membership, under critical economic and labour market conditions, and where political costs are low. The direction of reforms is affected by economic and labour market conditions, available fiscal space, and by initial policy settings.
url – http://www.izajolp.com/content/4/1/12
courtesy – IZA and Springer
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