The Regulatory f The Regulatory f frame work of the frame work of - - PowerPoint PPT Presentation
The Regulatory f The Regulatory f frame work of the frame work of the Labour Marke Labour Marke Labour Marke Labour Marke et in a broader et in a broader et in a broader et in a broader perspe perspe ective ective Reynold Simons
Reynold Simons Reynold Simons Senior Specialist Employment Senior Specialist Employment Senior Specialist Employment Senior Specialist Employment and Labour Market policies and Labour Market policies
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H l ith d t di t H l ith d t di t – Helps with understanding t Helps with understanding t – Critical facts or aspects tha Critical facts or aspects tha
– National, Regional and Mic National, Regional and Mic – Industry and Occupational Industry and Occupational Industry and Occupational Industry and Occupational – Formal and informal Formal and informal – Male and female Male and female
th b t th b t the essence but the essence but at are left to debate at are left to debate
cro cro
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– Institutions are needed to m Institutions are needed to m “insured” against risks result “insured” against risks result insured against risks result insured against risks result transaction: the object is tied transaction: the object is tied rise to opportunistic behavio rise to opportunistic behavio – Measures aiming at income d Measures aiming at income d
– “Free (labour) markets” are e “Free (labour) markets” are e in the empirical sense “free in the empirical sense “free – There is a wide variety in ter There is a wide variety in ter y market with currently two ex market with currently two ex at will principle, minimum wa at will principle, minimum wa social protection social protection
utually sunk investments are utually sunk investments are ting from the nature of the ting from the nature of the ting from the nature of the ting from the nature of the d to a person and this can easily give d to a person and this can easily give ur ur distribution and social equity distribution and social equity
essentially a theoretical construct and essentially a theoretical construct and markets” don’t exist markets” don’t exist rms of “regulation” of the labour rms of “regulation” of the labour g xtremes: USA and EU … employment xtremes: USA and EU … employment ages, unemployment benefits and ages, unemployment benefits and
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– Competition policies includin Competition policies includin relations (ownership rights, f relations (ownership rights, f termination of employment termination of employment termination of employment, termination of employment, – Structural policies aiming at Structural policies aiming at (subsidies (minimum wages, (subsidies (minimum wages, etc) etc) l d l d – Income policy aimed at nega Income policy aimed at nega social security systems etc) social security systems etc) – Public provision of goods and Public provision of goods and infra infra-structure) structure) a st uctu e) st uctu e)
– Macro economic and fiscal po Macro economic and fiscal po – Minimum wages Minimum wages g
ng those addressing asymmetric ng those addressing asymmetric freedom of association, freedom of association, minimum wages basic standards minimum wages basic standards minimum wages, basic standards minimum wages, basic standards t changing resource allocation t changing resource allocation , TVET etc), tax differentiation, , TVET etc), tax differentiation, k l d k l d ative market outcomes including ative market outcomes including d services by the state (education d services by the state (education
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– TU recognition TU recognition – Statutory regulation of dispu Statutory regulation of dispu arbitration) arbitration) The enforceability of collecti The enforceability of collecti – – The enforceability of collecti The enforceability of collecti
ute settlement (via conciliation or ute settlement (via conciliation or ive bargaining agreements ive bargaining agreements ive bargaining agreements ive bargaining agreements
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– Different if anlysed by sector: lo Different if anlysed by sector: lo – The informal sector and product The informal sector and product Changing composition of the to Changing composition of the to – Changing composition of the to Changing composition of the to
tivity levels tivity levels urism product and productivity urism product and productivity urism product and productivity urism product and productivity
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– – As with employment growth/ As with employment growth/ As with employment growth/ As with employment growth/ relation between regulation, relation between regulation, – Most recent ILO study shows Most recent ILO study shows productivity and more regula productivity and more regula condition that there is a mor condition that there is a mor condition that there is a mor condition that there is a mor that can correct for opportun that can correct for opportun market market
– There is no consensus on “na There is no consensus on “na – Competitiveness (of a firm) i Competitiveness (of a firm) i f t th l b i l di f t th l b i l di factors than labour including factors than labour including
/ levels studies show a complex / levels studies show a complex / levels studies show a complex / levels studies show a complex productivity and competitiveness productivity and competitiveness s a positive relation between s a positive relation between ated markets but under the ated markets but under the re centralised bargaining system re centralised bargaining system re centralised bargaining system re centralised bargaining system nistic behaviour in the labour nistic behaviour in the labour
ational competitiveness” ational competitiveness” is determined by many other is determined by many other th h t ( t ) th h t ( t ) g the exchange rate (system) g the exchange rate (system)
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Caribbean countries have a leve Caribbean countries have a leve regulation that is more similar to regulation that is more similar to system system The debate on the EU vs the US The debate on the EU vs the US Adjustment to labour market reg Adjustment to labour market reg
Rigorous analysis of labour costs Rigorous analysis of labour costs – Rigorous analysis of labour costs Rigorous analysis of labour costs available to analyse remuneratio available to analyse remuneratio – Systematic approach to measuri Systematic approach to measuri regulation (OECD, WB and other regulation (OECD, WB and other A keen understanding of the loca A keen understanding of the loca – A keen understanding of the loca A keen understanding of the loca system system
Human resources are one of the Human resources are one of the resources we have resources we have l f C l f C Development strategies for Cari Development strategies for Cari major developmental challenges major developmental challenges but to its size, public finances, m but to its size, public finances, m insertion in the Global Economy/ insertion in the Global Economy/
l and type of labour market l and type of labour market
A model is by far not done A model is by far not done gulation must be based on: gulation must be based on:
s Currently those data are not s Currently those data are not
ing the level of labour market ing the level of labour market r methodologies) r methodologies) al social political and economic value al social political and economic value al social, political and economic value al social, political and economic value
e most precious and scarce e most precious and scarce bb dd h bb dd h bbean countries must address the bbean countries must address the s which do not directly to labour s which do not directly to labour major products and its historical major products and its historical / system / system
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