This book examines the dynamics in capital flows, credit markets and growth in South Africa. The authors explore the role of global economic growth, policy shifts and various economic policy uncertainties. Central banks in advanced economies are engaged in unconventional monetary policy tools such as balance sheet policies, negative interest rates and extended forward guidance to assist them to meet their price, financial and macro-economic stability objectives. This book determines whether BRICS GDP growth is a source of shocks or an amplifier of global growth shocks. The authors find that global economic growth and policy uncertainty reinforce each other via capital flows, credit conditions and business confidence on the domestic economy. Furthermore, they demonstrate that there is momentum in the changes in the spread between the repo rate and federal funds rate. In addition, global real policy rates impact domestic GDP growth and labor market conditions. The authors examine the economic costs of capital flow surges, sudden stops and elevated portfolio volatility shocks and their interaction with GDP growth and credit. They show that equity and debt inflows matter in the attainment of the price stability mandate. Moreover, business confidence transmits sovereign credit ratings upgrades and downgrades shocks to the real economy via GDP growth, the cost of government debt and borrowing to impact credit growth. High GDP growth increases the likelihood of sovereign credit ratings upgrades, hence policymakers should implement pro-growth policies. Inflation regimes impact the transmission of positive nominal demand shocks to the price level. Low and stable inflation (inflation below 4.5 per cent) reduces the pass-through of positive nominal demand shocks to inflation.

Today’s economics offers us a far too narrow perspective on the role that paid work plays in our lives, as individuals and as a society. This book examines the urgent workplace challenges we’re facing today, from automation to AI and climate change, with an interdisciplinary and historical analysis that challenges and broadens the scope of existing economic literature. Exploring the current economic proposals to address these issues, it advocates for a more egalitarian and sustainable future that builds workers’ protections into the very fabric of our economic systems. This is a resounding call for greater economic social justice and equality at work and a valuable resource for social scientists from fields like heterodox economics, business and sociology.

For several years, the government of Paraguay has sought to address the issue of informality, both as a response to poverty reduction and a means to expand its tax base. While effort has been undertaken to describe informality, the government lacks the capacity and perhaps the will to analyze the phenomenon through a robust empirical lens. Hence, little is known about the informal economy beyond anecdotes, personal interactions, and description. This book is the first to comprehensively, rigorously, and empirically study the determinants of informality in Paraguay. This book is of vital interest to those studying the Paraguayan economy, development economics, Latin American economics, and informality.

This book is written in support of proposals to reduce work time in order to improve employment opportunities. The authors, both of whom have been deeply involved in shorter workweek policy debates, argue that the failure of the U.S. to enact shorter workweek legislation when it was first proposed in the late 1950s was a significant policy mistake. They argue further that reduced work hours are an effective means to full employment, improved income distribution, and a stronger consumer market--in addition to promising a better life to the contemporary American family. Policymakers concerned with employment issues as well as trade union officials and students of industrial relations will find here a new framework of ideas to support the renewed consideration of shorter workweek legislation.

The authors approach their subject by analyzing the consequences of the U.S. rejection of shorter workweek proposals over the past 30 years. Among them, they contend, are an increasing polarization of incomes, the devotion of more and more resources to the support of economic waste, and a continuing problem with unemployment. The current preoccupation with dollar-denominated growth (a legacy from the Great Depression) has produced a debt-ridden system which increasingly fails to accomodate people's real needs: hence, the authors call for a nonfinancial analysis of economic questions. Taken as a whole, this volume offers both an eloquent defense of leisure and a cogent analysis of the beneficial economic effects of the institution of a shorter workweek or longer annual vacation.

This book provides the first ever comprehensive economic evaluation of the long-standing German system of works councils and worker directors on company boards. This system of codetermination, or "Mitbestimmung, " is unique in the degree of information provision, consultation, and participation ceded employees. Addison analyzes the effects of works councils on establishment productivity, profitability, investment in physical and intangible capital, employment, training, wages and organizational flexibility, as well as the influence of worker directors on some of the same indicators plus, critically, shareholder value. Today, works councils are in decline while worker directors have scarcely been embraced either from within or without. This book examines these challenges and addresses the likely evolution of codetermination.

This book systematically evaluates the impacts of deregulatory reforms on employment relations in Japan especially focusing on the core white collar workers. Concentrating on changes in three aspects of employment relations; contracts, employee mobility and worker effort, it examines the process of social negotiation and its results.

The role of human capital has diversified considerably in the last 100 years. Today, the prevailing perception seeks a sustainable, integrated development which is based on the triptych of environment, economy, and society. In this mode of development, human capital has a positive effect on the economy, on social cohesion and optimal governance, as well as on the ecological footprint. This book studies the critical role of human capital in the Greek economy and its production structure. In doing so, this book analyzes the Greek labor market, employment, and structural changes, among other facets of this vibrant economy.

This book is a re-interpretation of labour market policy models from a gender perspective, providing an analysis of within-gender inequality and how these policies affect inequality. It sheds light on the internal and external challenges confronting different gendered political economies, with distinct constellations of adjustment problems and reform agendas to incorporate women into the labour market. As such, the book shows how female political mobilization can influence labour market policy-making process. The target audience of this book is made by researchers and postgraduate students in the disciplines of sociology, gender studies, political science, political economy, and practitioners working in the fields of welfare policies and gender labour market services.

This book presents a comprehensive analysis of contemporary issues in international trade and economic development. Emphasising the significance of economic development within policymaking, the book covers important issues like the provisioning of public goods, its implication in a liberalised regime, crime and corruption, skilled–unskilled wage inequality, income distribution and unemployment, environmental regulation and role of educational capital and informal sector. The volume deals with the impact that different aspects of international trade and investment are likely to have on the above-mentioned areas. The essays, written to honour the memory of Professor Sarbajit Chaudhuri, also examine topics that focus on public policy related to immigration of skilled workforce, political resistance and political compulsions that a democratic government might face in keeping with its commitment to tariff reforms, gender wage gap and issues related to globalisation, income distribution and unemployment. The book will be of invaluable interest to postgraduate students, scholars and researchers of development economics, international economics and labour economics and to those working on theoretical research on applications of general equilibrium trade models in developing countries.

There are few contemporary studies on the finances of unions. Indeed, little research exists on the internal operations of unions in the U.S. This book provides a comprehensive analysis of the financial resources and performance of the largest national unions. It discusses the theoretical and practical relevance of the topic, which goes directly to the formation, maintenance, and potential advancement of labor organizations. Financial capacity and performance create incentives for unions to mobilize at the grassroots level and launch major drives to improve their position in society. Understanding how unions raise and spend money provides insight as to their administrative orientation and organizational capacity. Given its topical breadth and depth, the book stands apart from the extant literature on unions in society. It is unique in the range of financial information presented, how data are analyzed, and its treatment of such important matters as compensation and benefits; operating budgets; political activism as measured by expenditures from treasury-based funds and political mechanisms funded by members through voluntary donations. The authors show not only the scope of union financial wherewithal and how it varies across labor organizations but also how such indicators compare to corporate entities who employ the rank-and-file. The book provides a wealth of information on how to analyze the finances of unions and to use this information to prepare for collective bargaining and other aspects of labor-management relations. It informs employers and other observers about how unions are able to represent members and their ability to withstand strikes.

Selecting migrants based on skill has become a widely practised migration policy in many countries around the world. Since the late 20th century, research on 'skilled' and 'highly skilled' migration has raised important questions about the value and ethics of skill-based labour mobility. More recent research has begun to question the concept of skill and skill categorisation in both government policy and academic research. Taking the view that 'skills' are socially constructed categories and highly malleable concepts in practice, this edited volume centres the discussion on the following questions: Who are the arbitrators of skill? What constitutes skill? And how is skill constructed in the migration process and in turn, how does skill affect the mobility? The empirical studies in this volume show that diverse actors are involved in the process of identifying, evaluating and shaping migrant skill. The interpretation of migrants' skill is frequently distorted by their ascriptive characteristics such as race, ethnicity, gender and nationality, reflecting the influence of colonial legacy, global inequality as well as social stratification. Finally, this edited volume emphasises the complex, and frequently reciprocal, relationship between skill and mobility. This book will be of interest to researchers and advanced students of Sociology, Human Geography, Politics, Social Anthropology, Economics, and Social Work. It was originally published as a special issue of the Journal of Ethnic and Migration Studies.

In today's climate, academics, professional community and policy makers all have input in critical gender issues, as well as in the entrepreneurship and human capital issues. Various gender issues are published involving many scientific fields, including business, management and accounting research. Presenting the topic of gender issues, entrepreneurship and human capital, this book collects the main output of the researches presented at the Annual Workshop of IPAZIA 2019 of Rome in Italy. The authors provide a renewed and fruitful analysis of these topics, with the purpose of advancing the gender theories in the international context.

Many employed men and women now hold self-employed, part-time or temporary jobs. Such jobs have been increasing since the 1970s. This book examines the implications for employers, individuals and households of this development. The lack of fringe benefits, job security and employment rights for these flexible jobs are described as well as the effects on the mental health of individuals. The view that flexible jobs are necessary for an efficient economy is questioned. Britain is relatively unique in Europe in promoting low-quality flexible jobs which fail to use the skills of its workforce.

This collection of papers on comparable worth written by political scientists contains the best annotated bibliography on comparable worth that this reviewer has yet seen. One notable paper categorizes the 50 states as to whether they have conducted a comparable worth legislation, and have implemented comparable worth. Other contributors explain how job evaluation can be performed to implement comparable worth, describe the difficulties and possible bias in job evaluation methods, and present US case studies. . . . It has an outstanding bibliography and overview of many important issues. Choice Legislation outlawing sexual discrimination and mandating policies of equal pay for equal work has clearly failed to produce the intended results. Women workers continue to be paid substantially less than men, and more and more families headed by women have sunk below the poverty level. This volume of essays focuses on major issues that must be faced before a public policy promoting pay equity can become a reality. Combining the contributions of specialists from several disciplines, it offers statistical comparisons and analyses of wage inequities in various occupations, industries, and regions; case studies of comparable worth programs; and a conceptual framework for approaching the problem on a policy level.

In 1989, Kimberle Crenshaw coined the term "intersectionality" to describe the interdependent and overlapping systems of discrimination and disadvantage that result from the interconnected nature of social categorizations. These categories include, but are not limited to, disability, gender identity, nationality, race, and socioeconomic class. In recent years, we have witnessed increased societal interest in the notion of equal economic, political, and social rights. This has commonly manifested in a desire for equality of opportunity (i.e., social justice). This book applies an intersectional approach to examine a specific facet of equality - namely, the presence and magnitude of wage discrimination in the U.S. labor market. This book accomplishes several objectives. It introduces intersectional analysis for readers who are unfamiliar with the topic. The book identifies intersectional wage discrimination for a large number of worker groups that are defined by multiple intersecting identities (i.e., the personal characteristics of Hispanic ethnicity, nativity, race, and sex). It also documents variation in wage differentials both between worker groups (i.e., contemporaneously) and within groups (i.e., intertemporally). Finally, given the policy relevance of our topic, it is fitting that the final chapter is devoted to corresponding conclusions.

The labour movement in Lebanon: Power on hold narrates the history of the Lebanese labour movement from the early twentieth century to today. Bou Khater demonstrates that trade unionism in the country has largely been a failure, for reasons including state interference, tactical co-optation, and the strategic use of sectarianism by an oligarchic elite, together with the structural weakness of a service-based laissez-faire economy. Drawing on a vast body of Arabic-language primary sources and difficult-to-access archives, the book's conclusions are significant not only for trade unionism, but also for new forms of workers' organisations and social movements in Lebanon and beyond. The Lebanese case study presented here holds significant implications for the wider Arab world and for comparative studies of labour. This authoritative history of the labour movement in Lebanon is vital reading for scholars of trade unionism, Lebanese politics, and political economy. -- .

Bookman takes a detailed look at the goals and motivations of high-income middle-aged women who want to enter the labor force after having spent most of their adult lives tending their homes, raising children, and volunteering in the community. The book examines the supply of their labor, their incentives, their motivations, and the fears they face as they evaluate their future options. Bookman also discusses the demand for their skills by reviewing the opportunities available to them in the labor market and detailing what they can realistically aspire to and what obstacles they are likely to encounter. By describing the changes in the workplace that are likely to affect middle-aged women, the book offers a compelling labor market study with regard to this unique group of workers.

Bookman makes four major contributions to the literature on women's studies issues in her book. First, she focuses on middle age by addressing the needs and concerns of this booming age bracket. Second, she introduces the concept of the Third Career, in which women want to be employed but not in a demanding or stressful career. Instead, they prefer part-time work or work with greater flexibility, and they are willing to sacrifice income in order to achieve these objectives. Third, the book uses the concepts of shadow skills and human capital to describe the demand for middle-aged female labor. Finally, the book analyzes the possible economic losses and gains to society when middle-aged women enter the labor force, concluding that the net contribution to the economy is positive.

Race Unequals: Overseer Contracts, White Masculinities, and the Formation of Managerial Identity in the Plantation Economy is a re-imagining of the plantation not as Black and White, but in shades of White male identity. Through an examination of employment contracts between plantation owners and their overseers, and the web of public and private law that surrounded them, this book challenges notions of a monolithic White male identity in the antebellum South. It considers how race provided White men access to the land and enslaved labor that were foundational to the plantation economy, but how the wealthiest of those men used contracts, public law, and plantation management schemes to limit the access points by which overseers, the first managerial class in the United States, could achieve upward mobility as both White people and as men. In navigating the legal and social parameters of their employment contracts, overseers negotiated a white masculinity that formed their managerial identity. This managerial identity carried the imprint of white supremacy necessary to preserve inequities on the plantation, and perhaps in our modern workplaces as well.

Henry George (1839-1897) rose to fame as a social reformer and economist amid the industrial and intellectual turbulence of the late nineteenth century. His best-selling Progress and Poverty (1879) captures the ravages of privileged monopolies and the woes of industrialization in a language of eloquent indignation. His reform agenda resonates as powerfully today as it did in the Gilded Age, and his impassioned prose and compelling thought inspired such diverse figures as Leo Tolstoy, John Dewey, Sun Yat-Sen, Winston Churchill, and Albert Einstein. This six-volume edition of The Annotated Works of Henry George assembles all his major works for the first time with new introductions, critical annotations, extensive bibliographical material, and comprehensive indexing to provide a wealth of resources for scholars and reformers. Volume IV of this series presents the unabridged text of Protection or Free Trade (1886). Read into the U.S. Congressional Record in its entirety in 1892, Protection or Free Trade is one of the most well articulated defenses in the nineteenth century for the free exchange of goods, services, and labor. By exposing the monopolistic practices and the privileging of special interests in the trade policies of his time, George constructed a monumental theoretical bulwark against the apologists for protective tariffs and diverse trade preferences. Free trade today is often associated with a neo-liberal agenda that oppresses working people. In Protection or Free Trade George argues that free trade, when linked with land value taxation or the systematic collection of economic rent, reduces wealth and income inequality. True free trade elevates the condition of labor to a degree far greater than any form of trade protectionism. The full and original text of Protection or Free Trade presented in Volume IV of The Annotated Works of Henry George is supplemented by annotations which explain George's many references to the trade policies and disputes of his day. A new index augments accessibility to the text, the annotations, and their key terms. The introductory essay by Professor William S. Peirce, "Henry George and the Theory and Politics of Trade," provides the historical, political, and conceptual context for George's debates with the prominent political economists and trade experts of his time. Trade barriers typically serve the interests of a few and impede the overall economic progress of society. Protectionism fosters poverty and animates global conflict. The development of trade policy cannot be pursued in isolation from the broader principles of sound economics and a radical tax reform that benefits labor.

This open access book builds on the European Union's (EU) Horizon 2020 project 'Financial and Institutional Reforms for an Entrepreneurial Society' (FIRES). The authors outline how Europe can move towards more inclusive, innovative and sustainable growth through reforms that will rekindle its entrepreneurial spirit. Based on decades of research and countless discussions with stakeholders, the book also features the FIRES project's full list of policy interventions and institutional reforms that can help policymakers make that agenda a reality.

This book provides a broad overview of the current research on various aspects of development, with a focus on India. The content and treatment of the subject of development in this volume is distinctive in many ways. It is a balanced mix of theory and practical elements, dealing with a number of issues at micro as well as macro levels. The analyses of the current socio-economic problems are attempted in an elegant yet simple manner which makes it equally useful for an aspiring researcher in economics or any inter disciplinary field. The methodologies of the articles include analytical verbal argumentative logic, theoretical constructs or different versions of statistical, econometric or programming techniques. It also contains well written survey articles, which are useful in grasping the fundamental research issues and in tracing the progress of research in an area. The general scope of the book is very wide as the readership can include researchers, scholars, graduate and undergraduate students, policy makers and practitioners. Though the contributors are primarily scholars in the field of Economics or Statistics, the book contains useful takeaways for those working in the area of Development. It will also be of interest to policy makers and practitioners interested in development issues, and to post graduate students in Economics or any field, in social science, management or development.

Bringing together ethnographic case studies of industrial labor from different parts of the world, Industrial Labor on the Margins of Capitalism explores the increasing casualization of workforces and the weakening power of organized labor. This division owes much to state policies and is reflected in local understandings of class. By exploring this relationship, these essays question the claim that neoliberal ideology has become the new 'commonsense' of our times and suggest various propositions about the conditions that create employment regimes based on flexible labor.

Through a collection of 13 chapters, Peggy Deamer examines the profession of architecture not as an abstraction, but as an assemblage of architectural workers. What forces prevent architects from empowering ourselves to be more relevant and better rewarded? How can these forces be set aside by new narratives, new organizations and new methods of production? How can we sit at the decision-making table to combat short-term real estate interests for longer-term social and ethical value? How can we pull architecture-its conceptualization, its pedagogy, and its enactment-into the 21st century without succumbing to its neoliberal paradigm? In addressing these controversial questions, Architecture and Labor brings contemporary discourses on creative labor to architecture, a discipline devoid of labor consciousness. This book addresses how, not just what, architects produce and focuses not on the past but on the present. It is sympathetic to the particularly intimate way that architects approach their design work while contextualizing that work historically, institutionally, economically, and ideologically. Architecture and Labor is sure to be a compelling read for pre-professional students, academics, and practitioners.