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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 (Editor)
 

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Many of the rigid rules that govern labor markets in Latin America (and elsewhere) create more problems than they solve. This volume provides insights on the issue. Part I addresses labor market institutions in the broad context of wages and benefits; Part II analyzes the links between performance and regulations.

Overview

Many of the rigid rules that govern labor markets in Latin America (and elsewhere) create more problems than they solve. This volume provides insights on the issue. Part I addresses labor market institutions in the broad context of wages and benefits; Part II analyzes the links between performance and regulations.

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)

Meet the Author

Sebastian Edwards is Henry Ford II Professor of International Business Economics at the John Anderson Graduate School of Management at UCLA. Nora Claudia Lustig is a senior fellow in Brookings' Foreign Policy Studies program and the editor of Coping with Austerity: Poverty and Inequality in Latin America (Brookings, 1995).

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