The United States as a whole lags rich countries in all types of labor-market policies. Its spending on unemployment benefits is well below the OECD average, and its total spending on labor markets is the second lowest of the group. But this is already changing. The projected unemployment spending alone following the Cares Act would be over 1% of 2019’s GDP, putting the U.S. above the OECD average in a normal year.
European labor markets also tend to be more explicitly organized than American ones. In Denmark, which spends about 3% of GDP on its labor market policies (which include training as well as benefits), huge swathes of workplace policy are arrived at through the so-called tripartite agreement between the state, unions, and employers, while wages are arrived at through collective bargaining. Large portions of the German workforce determine their wages through collective bargaining, and unions often have a managerial role at the company level. This has made it easier to negotiate and implement expansive responses to the epidemic and economic shock.
Chosen excerpts by Job Market Monitor. Read the whole story @ Will New Unemployment Benefits Outlast the Coronavirus Recession? – Barron’s
This publication presents statistics on labour market policy interventions implemented by EU countries and Norway in 2016, together with time-series for key variables covering the period 2004-2016. Labour market policies are financial and practical policies that can help people in disadvantaged groups in the labour market move from inactivity and unemployment into employment or find … Continue reading
Active Labour Market Policy (ALMP) in Developing Countries – Far less effective than policy makers, program participants, and economists typically expect
Jobs are the number one policy concern of policy makers in many countries. The global financial crisis, rising demographic pressures, high unemployment rates, and concerns over automation all make it seem imperative that policy makers employ increasingly more active labor market policies. This paper critically examines recent evaluations of labor market policies that have provided … Continue reading
Employment problems change over time. In the aftermath of the oil shocks of the 1970s, unemployment concerned mostly industrial workers who were laid off by restructuring industries write Giuliano Bonoli and Quartier Unil Mouline in The postindustrial employment problem and active labour market policy. Since the mid-1990s, however, industrial restructuring is less of an issue … Continue reading
“Many OECD countries have developed and currently utilise a profiling tool which predicts the risk of Long-term unemployment (LTU). Pioneers in the development of this tool in the early 1990s included the US, Australia, Canada and the UK followed in later years by Germany, Denmark, Switzerland, Ireland, France and the Netherlands amongst others” writes Mgr. Tomas … Continue reading
The future of work has received tremendous attention in recent years from scholars, politicians and the general public, fuelled by the rapid transformations of the world of work. Demographic shifts, technological innovation, institutional reforms and global economic integration are all changing the way people work. Technological innovations have a major impact on occupations and industries, … Continue reading
Active Labour Market Policies (ALMPs) – Effective through an appropriate management and implementation
Since the 1990s, there has been a growing interest in ALMPs. Today, expenditure in ALMPs is sizeable in most advanced economies and continues to increase. Between 2004 and 2009, ALMP expenditure grew continuously at an average annual rate of 5.8%, reaching an accumulated growth of 32.5% and a total spending of US$176.5 billion (PPP) in … Continue reading