Labor Markets in Latin America: Combining Social Protection with Market Flexibility

Labor Markets in Latin America: Combining Social Protection with Market Flexibility

by Sebastian Edwards
     
 

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Part one addresses labor market institutions in a broader context, such as collective bargaining arrangements, minimum wages and poverty, and optimal unemployment insurance schemes. Part two analyzes labor market performance in Latin America, the links between performance and labor market regulations, and the status of labor market reform in the region. These… See more details below

Overview

Part one addresses labor market institutions in a broader context, such as collective bargaining arrangements, minimum wages and poverty, and optimal unemployment insurance schemes. Part two analyzes labor market performance in Latin America, the links between performance and labor market regulations, and the status of labor market reform in the region. These questions are addressed for the region as a whole and in great detail for Argentina, Brazil, Chile, Mexico, and Colombia. The book provides a comprehensive description of the existing labor institutions in Latin America, the problems they pose, and the trends in labor market reforms as well as the difficulties encountered by the reform process in specific cases.

Editorial Reviews

Booknews
Presents nine papers from a conference co-sponsored by the Brookings Institution, the Instituto and the Universidad di Tella, and the World Bank (Buenos Aires, Arentina, July 1995). They give a macroeconomic perspective of labor market regulations effects on economic efficiency in Argentina, Brazil, Chile, Mexico, Colombia, and Latin America in general. The thematically similar papers use empirical research to argue that restrictive market regulation has a damaging effect on market flexibility and employment generation, and that with the exceptions of some forms of state intervention (minimum wage laws are one example), labor regulations should be revised to phase out restriction and reduce labor costs. Reforms suggested include converting severance plans to deferred compensation plans, "decentralising" collective bargaining power, and reducing public expenditure in worker benefit programs. Annotation c. by Book News, Inc., Portland, Or.
From the Publisher

"Globalization has heightened the debate on labor market performance. This book is rigorour and readable on the critical challange for Latin America: to liberalize labor markets while protecting the region's tradition of social justice." —Nancy Birdsall, Inter-American Development Bank

"The essays assembled by Edwards and Lustig provide much needed data and analysis for more intelligent and productive debates over trade and labor policies and their effect on wages, employment, and income distribution. There will be surprises for all sides in these debates." —Peter Hakim, Inter-American Dialogue

Product Details

ISBN-13:
9780815721062
Publisher:
Brookings Institution Press
Publication date:
09/28/1997
Pages:
334
Product dimensions:
6.00(w) x 9.00(h) x (d)

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