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Labor Markets and Institutions: An Overview

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  • Jorge Enrique Restrepo
  • Andrea Tokman

Abstract

This paper reviews the issues and papers presented at the VII Annual Conference of the Central Bank of Chile on Labor Market and Institutions, that will soon be compiled in a book by the same name. It discusses the origins of labor regulations, which are many times not associated to specific market failures. It measures its effects on labor markets, growth and inequality. Effects that vary by type of regulation, the context in which they are applied and the degree of enforcement. Finally, the paper presents work how regulations should be designed in order to generate the appropriate incentives for both firms and workers. The papers reviewed are potentially very useful in the understanding the type of regulation that should be implemented, when and how.

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Bibliographic Info

Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 304.

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Date of creation: Dec 2004
Date of revision:
Handle: RePEc:chb:bcchwp:304

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References

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  1. Balmaseda, Manuel & Dolado, Juan J & Lopez-Salido, J David, 2000. "The Dynamic Effects of Shocks to Labour Markets: Evidence from OECD Countries," Oxford Economic Papers, Oxford University Press, vol. 52(1), pages 3-23, January.
  2. Giuseppe Bertola & Francine Blau & Lawrence Kahn, 2007. "Labor market institutions and demographic employment patterns," Journal of Population Economics, Springer, vol. 20(4), pages 833-867, October.
  3. Attanasio, Orazio & Goldberg, Pinelopi K. & Pavcnik, Nina, 2004. "Trade reforms and wage inequality in Colombia," Journal of Development Economics, Elsevier, vol. 74(2), pages 331-366, August.
  4. Elías Albagli & Pablo García & Jorge E. Restrepo, 2005. "Assessing the Flexibility of the Labor Market in Chile: An International Perspective," Central Banking, Analysis, and Economic Policies Book Series, in: Jorge Restrepo & Andrea Tokman R. & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edi (ed.), Labor Markets and Institutions, edition 1, volume 8, chapter 9, pages 301-328 Central Bank of Chile.
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Cited by:
  1. Esteban Puentes & Dante Contreras & Claudia Sanhueza, 2007. "Self-Employment in Chile, long run trends and education and age structures changes," Estudios de Economia, University of Chile, Department of Economics, vol. 34(2 Year 20), pages 203-247, December.
  2. Campos, Nauro F & Nugent, Jeffrey B., 2012. "The Dynamics of the Regulation of Labor in Developing and Developed Countries since 1960," IZA Discussion Papers 6881, Institute for the Study of Labor (IZA).

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