2023-09-28 14:46:10 +00:00
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abstract: 'I review theories and evidence on wage-setting institutions and labor
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market policies in an international comparative context. These include
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collective bargaining, minimum wages, employment protection laws,
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unemployment insurance (UI), mandated parental leave, and active labor
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market policies (ALMPs). Since it is unlikely that an unregulated
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private sector would provide the income insurance these institutions do,
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these policies may enhance economic efficiency. However, to the extent
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that unemployment or resource misallocation results from such measures,
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these efficiency gains may be offset. Overall, Scandinavia and Central
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Europe follow distinctively more interventionist policies than the
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English-speaking countries in the Northern Hemisphere. Possible
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explanations for such differences include vulnerability to external
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market forces and ethnic homogeneity. I then review evidence on the
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impacts of these policies and institutions. While the interventionist
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model appears to cause lower levels of wage inequality and high levels
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of job security to incumbent workers, it also in some cases leads to the
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relegation of new entrants (disproportionately women, youth, and
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immigrants) as well as the less skilled to temporary jobs or
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unemployment. Making labor markets more flexible could bring these
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groups into the regular labor market to a greater extent, at the expense
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of higher levels of economic insecurity for incumbents and higher levels
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of wage inequality. (C) 2011 by the Association for Public Policy
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Analysis and Management.'
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affiliation: 'Kahn, LM (Corresponding Author), Cornell Univ, 258 Ives Hall, Ithaca,
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NY 14583 USA.
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Cornell Univ, Ithaca, NY 14583 USA.'
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author: Kahn, Lawrence M.
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author_list:
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- family: Kahn
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given: Lawrence M.
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da: '2023-09-28'
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doi: 10.1002/pam.20602
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files: []
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issn: 0276-8739
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journal: JOURNAL OF POLICY ANALYSIS AND MANAGEMENT
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keywords-plus: 'EMPLOYMENT PROTECTION; UNEMPLOYMENT-INSURANCE; WAGE INEQUALITY;
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MINIMUM-WAGES; UNITED-STATES; INTERNATIONAL DIFFERENCES; YOUTH
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EMPLOYMENT; IMPACT; INSTITUTIONS; REFORM'
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language: English
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month: WIN
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number: '1'
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number-of-cited-references: '73'
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pages: 94-110
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papis_id: b885d8f9032eef1b5f32ae09ac7863b7
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ref: Kahn2012labormarket
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researcherid-numbers: Kahn, Lawrence/AAP-6684-2021
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times-cited: '41'
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title: 'Labor market policy: A comparative view on the costs and benefits of labor
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market flexibility'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000298094900007
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usage-count-last-180-days: '3'
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usage-count-since-2013: '104'
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volume: '31'
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web-of-science-categories: Economics; Public Administration
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year: '2012'
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