Labor Market Reform Options To Boost Employment In South Africa
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Labor Market Reform Options to Boost Employment in South Africa
Author | : Mr. Romain A Duval,Mr. Ippei Shibata |
Publsiher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2021-06-11 |
Genre | : Business & Economics |
ISBN | : 9781513584478 |
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Raising South Africa’s low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the urgency of action. This paper reviews labor market policy and other reform options to enhance South Africa’s job market performance, drawing from international evidence and new analysis. We find much scope for improving the design of key labor market institutions—including collective bargaining and employment protection legislation—and active labor market policies to improve job seekers’ prospects. These reforms should come hand-in-hand with others, such as in the areas of education or product market regulation, that may work pay. Labor market and other reforms would primarily benefit disadvantaged groups such as youth.
The South African Labour Market
Author | : F. S. Barker |
Publsiher | : Unknown |
Total Pages | : 316 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105123510708 |
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South Africa
Author | : Rahul Anand,Siddharth Kothari,Naresh Kumar |
Publsiher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2016-07-11 |
Genre | : Business & Economics |
ISBN | : 9781498358934 |
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This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is found to be important for reducing inequality – estimates suggest that a 10 percentage point reduction in unemployment lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.
Towards Employment Intensive Growth in South Africa
Author | : Anthony Black |
Publsiher | : Juta and Company (Pty) Ltd |
Total Pages | : 397 |
Release | : 2016-07-01 |
Genre | : Business & Economics |
ISBN | : 9781775820079 |
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South Africa’s high rate of unemployment (26.4%) makes it a complete outlier compared with other middle-income countries. Indeed, the unemployment rate rises to 36% if discouraged workers are taken into account. It underpins extreme poverty and inequality and is a major contributor to social dislocation. If it were not for increased social payments, poverty would have continued to increase since the advent of democracy in 1994. Unemployment also represents a huge cost to growth. This book focuses on the growth path of the economy. The starting point is that while more rapid economic expansion is an important objective, at any given level of growth, the economy as a whole needs to become more labour-absorbing. The central question posed is how to bring about changes in the economic structure and pattern of development, which would lead to the attainment of this objective. The authors argue that employment needs to be much more centrally positioned within the economic and social policy arena. They emphasise innovative approaches within a broader focus on the growth path, and employment-intensive growth. And they posit that the negative impact of previous ‘distortions’ requires much more than a levelling of the playing field via market-based reforms. Apart from presenting an alternative growth path which could start to shift the economy in new directions, the book tackles themes which have received only limited attention, such as wage subsidies, youth unemployment and employment growth in rural areas.
An Employment targeted Economic Program for South Africa
Author | : Robert Pollin,Gerald A. Epstein,Léonce Ndikumana |
Publsiher | : Edward Elgar Publishing |
Total Pages | : 248 |
Release | : 2007-02-23 |
Genre | : Business & Economics |
ISBN | : 1782543856 |
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'Investment in South Africa is low, real interest rates are high, the employment-intensity of growth has been relatively slow. The "employment-targeted program" advocated in this book seeks to reverse these tendencies by lowering average interest rates and channeling subsidized credit to labor-intensive, pro-poor activities, particularly small-scale agriculture and small and medium-sized enterprises. This is a bold program and by challenging conventional "inflation-targeted" economic policy, the book makes a major contribution to the debate on economic policy in South Africa.' - Keith B. Griffin, University of California-Riverside, US The people of South Africa, and the African National Congress-led government, have made extraordinary social and economic advances since ending apartheid and beginning the transition to democracy in 1994. But the country still faces severe problems of mass unemployment, underemployment and poverty. This study, sponsored by the United Nations Development Program, presents a detailed economic program designed to produce major reductions in unemployment and poverty, and a general spreading of economic well-being, and to achieve these ends in a manner that is sustainable over a longer-term framework.
Disequilibrium in the Labor Market in South Africa
Author | : Mr.Bankim Chadha |
Publsiher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 1994-09-01 |
Genre | : Business & Economics |
ISBN | : 9781451853032 |
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The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
The Labour Market and Decent Work Agenda in Southern Africa
Author | : Mkhululi Ncube |
Publsiher | : ILO South-E Eam |
Total Pages | : 48 |
Release | : 2008 |
Genre | : Labor market |
ISBN | : UCBK:C100364263 |
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The South African Labour Market in a Globalizing World
Author | : Haroon Bhorat,Paul Lundall,Sandrine Rospabé |
Publsiher | : Unknown |
Total Pages | : 62 |
Release | : 2002 |
Genre | : Globalization |
ISBN | : 9221130576 |
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