Inequality and Labor Market Institutions

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Inequality and Labor Market Institutions by Florence Ms. Jaumotte, Carolina Ms. Osorio, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Florence Ms. Jaumotte, Carolina Ms. Osorio ISBN: 9781513526904
Publisher: INTERNATIONAL MONETARY FUND Publication: July 10, 2015
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Florence Ms. Jaumotte, Carolina Ms. Osorio
ISBN: 9781513526904
Publisher: INTERNATIONAL MONETARY FUND
Publication: July 10, 2015
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.

More books from INTERNATIONAL MONETARY FUND

Cover of the book International Transactions in Remittances: Guide for Compilers and Users (RCG) by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Report on the World Current Account Discrepancy by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book The Special Data Dissemination Standard: Guide for Subscribers and Users by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Economic Diversification in LICs: Stylized Facts and Macroeconomic Implications by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Interest Rate Policies in Developing Countries by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Policy Coordination in the European Monetary System - Occa Paper 61 by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book World Economic Outlook, May 2000: Asset Prices and the Business Cycle by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Race to the Next Income Frontier by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Managing Global Growth Risks and Commodity Price Shocks: Vulnerabilities and Policy Challenges for Low-Income Countries by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book On a Common Currency for the GCC Countries by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Evaluation of Prolonged Use of IMF Resources by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Regional Economic Outlook: Middle East and Central Asia (May 2008) by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Instruments of Monetary Management: Issues and Country Experiences by Florence Ms. Jaumotte, Carolina Ms. Osorio
Cover of the book Finance & Development, December 1990 by Florence Ms. Jaumotte, Carolina Ms. Osorio
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy