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The Path to Higher Growth

The Path to Higher Growth »

Source: The Path to Higher Growth : Does Revamping Japan's Dual Labor Market Matter?

Volume/Issue: 2013/202

Series: IMF Working Papers

Author(s): Chie Aoyagi , and Giovanni Ganelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2013

ISBN: 9781484391303

Keywords: dual labor market, labor market reform, Single Open Ended Contract, labor market, workers, labor, regular workers, employment, General, Labor Economics: General

This paper argues that Japan’s excessive labor market duality can reduce Total Factor Productivity (TFP) due to a negative impact on non-regular workers’ effort and on firms’ incentives to trai...

Reforming Employment Protection Legislation in France

Reforming Employment Protection Legislation in France »

Source: Reforming Employment Protection Legislation in France

Volume/Issue: 2006/108

Series: IMF Working Papers

Author(s): Jianping Zhou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2006

ISBN: 9781451863680

Keywords: Fixed-duration contracts, Employment protection, Search-matching model, labor market, jobs, unemployed, Labor Contracts, Unemployment: Models, Duration, Incidence

Over the last 15 years, the reforms of employment protection legislation (EPL) in European countries have mainly eased hiring and firing restrictions for temporary employment while leaving the strict EPL provisions...

The Shortcomings of a Partial Release of Employment Protection Laws

The Shortcomings of a Partial Release of Employment Protection Laws »

Source: The Shortcomings of a Partial Release of Employment Protection Laws : The Case of the 2005 French Reform

Volume/Issue: 2006/301

Series: IMF Working Papers

Author(s): Pierre Cahuc , and Stéphane Carcillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865615

Keywords: Employment protection, labor contract, reform, search models, jobs, employment, job creation, labor market, Demand and Supply of Labor: General, Labor Contracts

This paper proposes an ex ante evaluation of the effects of new labor contracts such as the "Contrat Nouvelle Embauche" (CNE) introduced in France in 2005. The lessons we draw are of sufficiently general interest t...

The Structural Determinants of the Labor Share in Europe

The Structural Determinants of the Labor Share in Europe »

Source: The Structural Determinants of the Labor Share in Europe

Volume/Issue: 2019/67

Series: IMF Working Papers

Author(s): Dilyana Dimova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 March 2019

ISBN: 9781498302920

Keywords: National income, Labor market reforms, National income accounts, Economic integration, Labor market policy, labor share, technology, employment policies, globalization, employment protection

The labor share in Europe has been on a downward trend. This paper finds that the decline is concentrated in manufacture and among low- to mid-skilled workers. The shifting nature of employment away from full-time...

Job-Specific Investment and the Cost of Dismissal Restrictions

Job-Specific Investment and the Cost of Dismissal Restrictions »

Source: Job-Specific Investment and the Cost of Dismissal Restrictions : The Case of Portugal

Volume/Issue: 2003/75

Series: IMF Working Papers

Author(s): H. Takizawa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451849752

Keywords: Dismissal restrictions, worker mobility, job-specific investment, welfare, worker, wage, unemployment, employment, unemployed, Labor Contracts

Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper t...

Banks, Firms, and Jobs

Banks, Firms, and Jobs »

Source: Banks, Firms, and Jobs

Volume/Issue: 2017/38

Series: IMF Working Papers

Author(s): Fabio Berton , Sauro Mocetti , Andrea Presbitero , and Matteo Richiardi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 February 2017

ISBN: 9781475579017

Keywords: Financial crises, Loans, Business enterprises, Banks, Bank credit, Employment, Europe, External shocks, Italy, Labor markets

We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial...

Institutional Quality and International Trade

Institutional Quality and International Trade »

Source: Institutional Quality and International Trade

Volume/Issue: 2004/231

Series: IMF Working Papers

Author(s): Andrei Levchenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2004

ISBN: 9781451875560

Keywords: institutions, incomplete contracts, institutional quality, factor endowments, factor price, trade opening, Neoclassical Models of Trade, Country and Industry Studies of Trade, Trade and Labor Market Interactions,

The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and the like-has received a great deal of attention in recent years. The purposes of this paper are...

Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them?

Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them? »

Source: Macroeconomic Effects of Japan's Demographics: Can Structural Reforms Reverse Them?

Volume/Issue: 2018/248

Series: IMF Working Papers

Author(s): Mariana Colacelli , and Emilio Fernández Corugedo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2018

ISBN: 9781484384732

Keywords: Asia and Pacific, Japan, Government expenditures and health, Structural reforms, demographics, OLG models, Forecasting and Simulation, General, General, Contracts: Specific Human Capital

Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF's Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implem...

Wage-Price Dynamics and Structural Reforms in Japan

Wage-Price Dynamics and Structural Reforms in Japan »

Source: Wage-Price Dynamics and Structural Reforms in Japan

Volume/Issue: 2016/20

Series: IMF Working Papers

Author(s): Davide Porcellacchia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2016

ISBN: 9781498316637

Keywords: Abenomics, corporate governance, inflation, Japan, labor-market duality, liquidity trap, structural reforms, wage-price dynamics, single open-ended contract, interest

Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the role that key characteristics of Japan’s labor and product markets—labor-market duality and wea...

Trade and Industrial Location with Heterogeneous Labor

Trade and Industrial Location with Heterogeneous Labor »

Source: Trade and Industrial Location with Heterogeneous Labor

Volume/Issue: 2004/103

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451852721

Keywords: Agglomeration, matching, spatial mismatch, interregional trade, trade costs, skilled workers, free trade, Models of Trade with Imperfect Competition and Scale Economies, Labor Contracts, Size and Spatial Distributions of Regional Economic Activity

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and interregional trade. Labor heterogeneity gives local monopoly p...