000			02777nam a2200373 a 4500
005			20181210070708.0
007			cr |||||||||||
008			051216s2005 dcu sb i000 0 eng
010			_a 2005705577
040			_aDLC _cDLC _dBD-DhBPA
050	0	0	_aHG3881.5.W57
082			_a331.118 _bPEN 2006
245	0	0	_aPending issues in protection, productivity growth, and poverty reduction _cOmar Arias ... [et al.].
260			_aWashington, D.C. : _bWorld Bank, _c2005.
300			_a33 p. : _bill. ; _c23 cm.
490	1		_aPolicy research working paper ; _v3799
500			_aTitle from PDF file as viewed on 12/16/2005.
504			_aIncludes bibliographical references.
520	3		_a"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.
530			_aAlso available in print.
538			_aSystem requirements: Adobe Acrobat Reader.
538			_aMode of access: World Wide Web.
590			_aZahid
650		0	_aLabor market _zLatin America. _9107707
650		0	_aLabor market _zCaribbean Area. _9107708
650		0	_aLabor productivity _zLatin America. _9107709
650		0	_aLabor productivity _zCaribbean Area. _9107710
650		0	_aPoverty _zLatin America. _9107711
650		0	_aPoverty _zCaribbean Area. _9107712
700	1		_aArias, Omar. _9107713
710	2		_aWorld Bank. _9107714
830		0	_aPolicy research working papers (Online) ; _v3799. _9107715
942			_2ddc _cBK
999			_c37459 _d37459