Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 5 of 5
Full-Text Articles in Business
The Employment Problem In Korea, Gary S. Fields
The Employment Problem In Korea, Gary S. Fields
Gary S Fields
What Korea has is not an "unemployment problem" but rather an "employment problem." The employment problem includes continued high unemployment, but it goes well beyond it, also encompassing falling labor earnings, rising poverty and inequality, disproportionate impacts on disadvantaged groups, informalisation of employment, increased job insecurity, and consequent social strains. This paper documents Korea's employment problem, characterizes the problem as deficient aggregate demand rather than frictional or structural unemployment, examines in some detail three of the most important elements of the social safety net (the Employment Insurance System, the Livelihood Protection Program, and public works), and considers four major ways …
Labor Force Migration, Unemployment And Job Turnover, Gary S. Fields
Labor Force Migration, Unemployment And Job Turnover, Gary S. Fields
Gary S Fields
[Excerpt] In this paper, we show how labor turnover considerations can be integrated into the human investment theory of migration and demonstrate that such a model provides a much better explanation for migration rates into major metropolitan areas than the conventionally-used unemployment rate. The method used here may be of interest as well to researchers working on other human investment problems that also have a multi-period dimension.
Labour Institutions And Economic Development: A Conceptual Framework With Reference To Asia, Gary S. Fields
Labour Institutions And Economic Development: A Conceptual Framework With Reference To Asia, Gary S. Fields
Gary S Fields
[Excerpt] In this chapter, I set forth a framework for analysing how labour markets function under existing institutional arrangements and predicting how they would respond to alternative changes and policy interventions. I seek to blend logical rigour with institutional realism in a stylized way. My approach borrows from orthodox neoclassical analysis where relevant, and departs from those characterizations when the standard assumptions are empirically untenable.
Labor Retrenchment Laws And Their Effect On Wages And Employment: A Theoretical Investigation, Kaushik Basu, Gary S. Fields, Shub Debgupta
Labor Retrenchment Laws And Their Effect On Wages And Employment: A Theoretical Investigation, Kaushik Basu, Gary S. Fields, Shub Debgupta
Gary S Fields
Many countries have legislation which make it costly for firms to dismiss or retrench workers. In the case of India, the Industrial Disputes Act, 1947, requires firms that employ 50 or more workers to pay compensation to any worker who is to be retrenched. This paper builds a theoretical model to analyze the effects of such anti-retrenchment laws. Our model reveals that an anti-retrenchment law can cause wages and employment to rise or fall, depending on the parametric conditions prevailing in the market. We then use this simple model to isolate conditions under which an anti-retrenchment law raises wages and …
The Employment Problem In South Africa, Gary S. Fields
The Employment Problem In South Africa, Gary S. Fields
Gary S Fields
South Africa is experiencing a major employment problem that includes not only unemployment, but also low labour market earnings. In this article, Gary Fields discusses what can be done to alleviate South Africa's employment problem.