02777nam a2200373 a 4500 20181210070708.0 cr ||||||||||| 051216s2005 dcu sb i000 0 eng 2005705577 DLC DLC BD-DhBPA HG3881.5.W57 331.118 PEN 2006 Pending issues in protection, productivity growth, and poverty reduction Omar Arias ... [et al.]. Washington, D.C. : World Bank, 2005. 33 p. : ill. ; 23 cm. Policy research working paper ; 3799 Title from PDF file as viewed on 12/16/2005. Includes bibliographical references. "This paper selectively synthesizes much of the research on Latin American and Caribbean labor markets in recent years. Several themes emerge that are particularly relevant to ongoing policy dialogues. First, labor legislation matters, but markets may be less segmented than previously thought. The impetus to voluntary informality, which appears to be a substantial fraction of the sector, implies that the design of social safety nets and labor legislation needs to take a more integrated view of the labor market, taking into account the cost-benefit analysis workers and firms make about whether to interact with formal institutions. Second, the impact of labor market institutions on productivity growth has probably been underemphasized. Draconian firing restrictions increase litigation and uncertainty surrounding worker separations, reduce turnover and job creation, and poorly protect workers. But theory and anecdotal evidence also suggest that they, and other related state or union induced rigidities, may have an even greater disincentive effect on technological adoption, which accounts for half of economic growth. Finally, institutions can affect poverty and equity, although the effects seem generally small and channels are not always clear. Overall, the present constellation of labor regulations serves workers and firms poorly and both could benefit from substantial reform. "--World Bank web site. Also available in print. System requirements: Adobe Acrobat Reader. Mode of access: World Wide Web. Zahid Labor market Latin America. 107707 Labor market Caribbean Area. 107708 Labor productivity Latin America. 107709 Labor productivity Caribbean Area. 107710 Poverty Latin America. 107711 Poverty Caribbean Area. 107712 Arias, Omar. 107713 World Bank. 107714 Policy research working papers (Online) ; 3799. 107715 ddc BK 37459 37459 0 ddc 0 0 BPATC BPATC GRR 2018-05-13 0 331.118 PEN 2006 WB3871 2018-05-13 00:00:00 2018-05-13 BK Zahid