Do labor market regulations affect labor earnings in Ecuador?
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Do labor market regulations affect labor earnings in Ecuador? by Donna MacIsaac

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Published by World Bank, Policy Research Dept., Poverty and Human Resources Division in Washington, DC .
Written in English

Subjects:

Places:

  • Ecuador.

Subjects:

  • Manpower policy -- Ecuador.,
  • Labor market -- Ecuador.,
  • Wages -- Ecuador.

Book details:

Edition Notes

StatementDonna MacIsaac, Martin Rama.
SeriesPolicy research working paper ;, 1717, Policy research working papers ;, 1717.
ContributionsRama, Martín, 1956-, World Bank. Policy Research Dept. Poverty and Human Resources Division.
Classifications
LC ClassificationsHG3881.5.W57 P63 no. 1717
The Physical Object
Pagination45 p. :
Number of Pages45
ID Numbers
Open LibraryOL762483M
LC Control Number97159691

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Do labor market regulations affect labor earnings in Ecuador? (English) Abstract. The authors use the Living Standards Measurement Survey to show that the impact of labor market regulations, namely mandated benefits, is mitigated by reducing the base earnings on which they are by: 6. Downloadable! The authors use the Living Standards Measurement Survey to show that the impact of labor market regulations, namely mandated benefits, is mitigated by reducing the base earnings on which they are calculated. Therefore, market regulation neither accounts for labor market segmentation nor for slow growth and increased inequality alone. Do Labor Market Regulations Affect Labor Earnings in Ecuador? Donna MacIsaac Inter-American Development Bank New York Avenue, NW Washington, DC Downloadable (with restrictions)! Ecuadorian labor costs are said to be high because of the existence of many mandated benefits. Using the Living Standards Measurement Survey, the authors show that the effect of these benefits is actually mitigated by a reduction of base earnings, that is, of the foundation on which they are paid. The reduction is larger in the private than in the public.

  The U.S. Labor Market. The macroeconomic view of the labor market can be difficult to capture, but a few data points can give investors, economists, and policymakers an idea of its health. The. Labor market regulation is a high-profile, and often contentious, area of public policy. Although these regulations have been studied most extensively in developed countries, there is a growing body of literature on their effects in developing countries. This paper reviews that literature and.   How do changes to the UAE Labor Lars affect working hours? The changes to the labor laws include regulations establishing guidelines regarding employee rights, to include working hours and breaks. The new UAE Labor Laws defines legal working hours at a maximum of eight hours per day, with a maximum of 48 hours per week. Ecuadorian labor costs are said to be high because of the existence of many mandated benefits. Using the Living Standards Measurement Survey, we show that the effect of these benefits is actually mitigated by a reduction of base earnings, that is, of the foundation on which they are paid. The reduction is larger in the private than in the public sector and is negligible for unionized workers.

Ecuador labor law recognizes a fairly traditional work schedule, to include an eight (8) hour work day, a forty (40) hour work week, and an overtime pay schedule at rates of % or % of the worker’s normal rate, for hourly employees. Traditional office work hours are Monday-Friday, from AM – PM, and from PM – PM. The more compressed earnings distribution found in Ecuador hints that labor market regulations have an effect on labor allocation. More generally, the international comparison casts doubts on the idea of measuring labor market rigidity on basis of the magnitude of wage differentials across sectors of activity. What is Labour Market Economics? Main players and their Roles. Labour supply. What decisions do individuals make? 1 Whether or not to join the labour force. 2 Which occupation/industry to join. 3 How many hours to work. 4 Whether or not to join a union. 5 How much education to obtain. 6 When to retire. 7 Where to live. 8 etc. Dimensions of LS: 1 quantity dimensions: extensive margin (work or not). Labor force, total: Labor force, total. Total labor force comprises people ages 15 and older who meet the International Labour Organization definition of the economically active population: all people who supply labor for the production of goods and services during a specified period.