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This paper studies the economic effects of legal amendments on different types of labor laws. It examines the effects of amendments to labor dispute laws and amendments to job security legislation. It also identifies the effects of legal amendments related to the most contentious regulation of all-Chapter Vb of the Industrial Disputes Act-which stipulates that firms with 100 or more employees cannot retrench workers without government authorization. The analysis finds that laws that increase job security or increase the cost of labor disputes substantially reduce registered sector employment and output but do not increase the labor share. Labor-intensive industries, such as textiles, are the hardest hit by laws that increase job security while capital-intensive industries are most affected by higher labor dispute resolution costs. The paper concludes that widespread and increasing use of contract labor may have brought some output and employment gains but did not make up for the adverse effects of job security and dispute resolution laws.
Contract Labor --- Employment --- Job Security --- Jobs --- Labor Laws --- Labor Markets --- Labor Policies --- Labor Regulations --- Labor share --- Labor Standards --- Labour --- Labour Bureau --- Social Protections and Labor --- Workers
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This paper studies the economic effects of legal amendments on different types of labor laws. It examines the effects of amendments to labor dispute laws and amendments to job security legislation. It also identifies the effects of legal amendments related to the most contentious regulation of all-Chapter Vb of the Industrial Disputes Act-which stipulates that firms with 100 or more employees cannot retrench workers without government authorization. The analysis finds that laws that increase job security or increase the cost of labor disputes substantially reduce registered sector employment and output but do not increase the labor share. Labor-intensive industries, such as textiles, are the hardest hit by laws that increase job security while capital-intensive industries are most affected by higher labor dispute resolution costs. The paper concludes that widespread and increasing use of contract labor may have brought some output and employment gains but did not make up for the adverse effects of job security and dispute resolution laws.
Contract Labor --- Employment --- Job Security --- Jobs --- Labor Laws --- Labor Markets --- Labor Policies --- Labor Regulations --- Labor share --- Labor Standards --- Labour --- Labour Bureau --- Social Protections and Labor --- Workers
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Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Labor laws and legislation --- Labor market --- Labor laws and legislation - Latin America. --- Labor market - Caribbean Area. --- Labor market - Latin America. --- Labor market. --- Upper School. --- Business & Economics --- Labor & Workers' Economics --- Employees --- Employment law --- Industrial relations --- Labor law --- Labor standards (Labor law) --- Work --- Working class --- Market, Labor --- Supply and demand for labor --- Legal status, laws, etc. --- Law and legislation --- Supply and demand --- Industrial laws and legislation --- Social legislation --- Markets --- E-books --- latin american labor markets, caribbean, regulation, empirically grounded studies, 20th century, economics, money, wealth, income, business, government, free market, capitalism, turnover rates, flexibility, minimun wages, argentina, colombia, uruguay, employment, demand, peru, economic consequences, international laws, deregulation, diplomacy, inequality, discrimination.
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This book analyzes recent labor market trends in Latin American countries and the factors that underlie the failure to create more-and more productive and rewarding-jobs, a failure with substantial political and social costs. The authors analyze how growth and job creation in the region's economies compare with other emerging countries, the impact of job creation and destruction on productivity growth and the creation of ""good"" jobs, and the relative importance and role of labor market policies in improving labor market outcomes in the region.
Manpower policy. --- Manpower policy --- Unemployment --- Business & Economics --- Labor & Workers' Economics --- Latin America --- Caribbean Area --- Economic policy. --- Joblessness --- Employment policy --- Human resource development --- Labor market --- Labor market policy --- Manpower utilization --- Government policy --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Right to labor --- Underemployment --- Labor policy --- Trade adjustment assistance
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