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Labor Market Reforms: Issues, Evidence and Prospects

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  • T. Paul Schultz

    () (Economic Growth Center, Yale University)

Abstract

The study of labor market segmentation and the estimation of the deadweight loss due to policy distortions reflected in wage structures require analyses of labor force surveys. These data are increasingly available in most countries. But evaluations of labor market reforms are uncommon. The lack of documented labor market reforms may reflect the difficulty of reducing wage distortions by direct policy measures, and the greater capacity of trade reforms and changes in industrial structure to erode wage distortions indirectly, and thereby promote efficiency and economic growth. The economic case for labor market reforms should nonetheless strengthen support for allied policies.

Suggested Citation

  • T. Paul Schultz, 1999. "Labor Market Reforms: Issues, Evidence and Prospects," Working Papers 802, Economic Growth Center, Yale University.
  • Handle: RePEc:egc:wpaper:802
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    Cited by:

    1. Tracy A. Falba & William T. Gallo & Jody L. Sindelar, 2008. "Work Expectations, Realizations, and Depression in Older Workers," NBER Working Papers 14435, National Bureau of Economic Research, Inc.
    2. Djavad Salehi-Isfahani & Russell D. Murphy, 2006. "Labor market flexibility and investment in human capital," Working Papers e06-5, Virginia Polytechnic Institute and State University, Department of Economics.
    3. Sofia Cheidvasser & Hugo Benítez-Silva, 2007. "The Educated Russian's Curse: Returns to Education in the Russian Federation during the 1990s," LABOUR, CEIS, vol. 21(1), pages 1-41, March.
    4. Sofia Cheidvasser, 2000. "The Educated Russian's Curse: Returns to Education in the Russian Federation," Econometric Society World Congress 2000 Contributed Papers 0246, Econometric Society.

    More about this item

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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