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Labor market regulations and outcomes in Sweden : a comparative analysis of recent trends (英语)

This paper analyzes recent trends in Sweden's labor market regulations in relation to comparator economies and examines the relationship between labor market regulations and outcomes. The paper finds that the Swedish labor market responded more rapidly to the recent global financial crisis than the majority of the European Union economies, which helped Sweden to recover quickly. Sweden's hiring regulations are more flexible than those of many comparator economies, however, fixed-term contracts of short duration might have adverse consequences for the economy. In addition, Sweden's regulations on work during the weekly holidays and mandatory paid annual leave are stricter than those of the majority of comparator economies. Moreover, among the economies of the Organisation for Economic Co-operation and Development, Sweden has one of the largest differences in employment protection between permanent and temporary employees, which could lead to a segmented labor market, where insiders enjoy high job security and outsiders are largely marginalized. This could be cause for concern, given that Sweden has a higher share of involuntary temporary workers among youth and involuntary part-time workers than both the Nordic and European Union averages. While protecting employees is important, excessive protection, particularly if it differs across different types of employment contracts, has been shown to have adverse effects on welfare and economic performance.

详细

  • 作者

    Ulku,Hulya, Muzi,Silvia

  • 文件日期

    2015/04/02

  • 文件类型

    政策研究报告

  • 报告号

    WPS7229

  • 卷号

    1

  • Total Volume(s)

    1

  • 国家

    瑞典,

  • 地区

    欧洲与中亚区,

  • 发布日期

    2015/04/02

  • Disclosure Status

    Disclosed

  • 文件名称

    Labor market regulations and outcomes in Sweden : a comparative analysis of recent trends

  • 关键词

    minimum wage;employee will re;employment protection legislation;Labor Market;high levels of protection;high level of employment;active labor market policy;Active Labor Market Policies;active labor market program;passive labor market program;Labor Market Flexibility;labor market regulation;global financial crisis;collective bargaining agreement;high unemployment rate;labor market expenditure;labor market participation;flexible labor market;cost of labor;labor market outcome;labor market reform;implications for policy;global economic crisis;high growth rate;labor market legislation;labor market activity;unit labor costs;impact on productivity;wages for low;duration of unemployment;labor market segmentation;types of contract;speed of adjustment;effect on employment;human capital development;temporary agency work;Labor Law;share of wage;share of labor;employment and unemployment;real growth rate;allocation of labor;private business activity;full time employment;degree of decentralization;severance payment;annual leave;union density;permanent employment;redundant worker;labor mobility;wage determination;skill set;temporary worker;job security;night work;flexible regulation;social partner;job satisfaction;hourly wage;blue-collar worker;wage setting;productivity level;manufacturing sector;wage bargaining;adverse shock;real wage;white-collar worker;employment opportunities;adverse consequence;empirical literature;index value;employment opportunity;wage increase;restrictive regulation;part-time employment;work schedule;insurance scheme;working day;protection level;total employment;industrial agreement;unemployment insurance;economic institution;temporary employment;production capacity;make regulation;financial market;job loss;job performance;positive correlation;net effect;female unemployment;Exchange Rates;urgent attention;severance package;social awareness;employer contribution;short-term impact;short term impact;unfair treatment;employment contract;market entrant;open access;high employment;european commission;labor regulation;temporary job;legal requirement;job prospects;Employment Law;empirical study;unskilled worker;net impact;creating incentives;indicator value;Annual Pay Increase;permanent job;low-skilled worker;low-income worker;market condition;membership fee;benefit system;unemployment benefit;career prospect;work experience;short term contract;plant level;full-time employment;employment growth;export sector;section show;automotive industry;signed agreements;short-term contract;reduced work;important change;labor productivity;tax credit;open economy;working condition;public finance;turbulent period;public expenditure;empirical research;government involvement;high share;business environment;macroeconomic condition;international competition;bargaining system;temporary contract;price level;Wage flexibility;comparative analysis;regulatory cost;opportunity cost;incentive mechanism;firm level;innovative capacity;aggregate wages;contractual agreement;labor supply;economic climate;weekly rest;stable job;productive worker;classification code;unfair dismissals;high security;employee hire;development policy;marital status;long hour;output loss;Retail Sector;average pay;

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