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  • 1
    Language: English
    Pages: 1 Online-Ressource (45 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Ferreira, Francisco H. G Ageing Poorly? Accounting for the decline in earnings inequality in Brazil, 1995-2012
    Abstract: The Gini coefficient of labor earnings in Brazil fell by nearly a fifth between 1995 and 2012, from 0.50 to 0.41. The decline in earnings inequality was even larger by other measures, with the 90-10 percentile ratio falling by almost 40 percent. Although the conventional explanation of a falling education premium did play a role, an RIF regression-based decomposition analysis suggests that the decline in returns to potential experience was the main factor behind lower wage disparities during the period. Substantial reductions in the gender, race, informality and urban-rural wage gaps, conditional on human capital and institutional variables, also contributed to the decline. Although rising minimum wages were equalizing during 2003-2012, they had the opposite effects during 1995-2003, because of declining compliance. Over the entire period, the direct effect of minimum wages on inequality was muted
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  • 2
    ISBN: 9781464802850
    Language: Spanish
    Pages: 1 Online-Ressource (178 p)
    Series Statement: Latin American Development Forum
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: El emprendimiento es un determinante fundamental del crecimiento y la creacion de empleo. Pese a que los emprendedores abundan en America Latina y el Caribe, las empresas de la region son mas pequenas y menos propensas a crecer e innovar que las de otras regiones. El crecimiento de la productividad lleva decadas siendo mediocre y el reciente period de auge de las materias primas no ha supuesto una excepcion. Asi pues, la presencia de emprendedores dinamicos sera necesaria para impulsar la creacion de puestos de trabajo de calidad y la aceleracion del crecimiento de la productividad en la region. En El emprendimiento en America Latina: muchas empresas y poca innovacion se estudia el panorama del emprendimiento en America Latina y el Caribe. El libro recurre a nuevas bases de datos que abordan cuestiones como la creacion de empresas, las dinamicas empresariales, las decisiones de exportar y el comportamiento de las corporaciones multinacionales y sintetiza los resultados de un analisis exhaustivo del estatus, las perspectivas y los retos del emprendimiento en la region. Asimismo, el libro suministra herramientas utiles e informacion para ayudar a los profesionales y responsables de las politicas a identificar los ambitos de las mismas que los gobiernos pueden explorar para impulsar la innovacion e incentivar el emprendimiento transformador con potencial de crecimiento elevado
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    ISBN: 9780821398760
    Language: Spanish
    Pages: 1 Online-Ressource (214 p)
    Series Statement: Latin America and Caribbean Studies
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Tras decadas de estancamiento, la poblacion de clase media en America Latina y el Caribe ha aumentado en un 50%-de aproximadamente 100 millones de personas en 2003 a 150 millones (o un 30% de la poblacion del continente) en 2009. Durante este periodo, el porcentaje de la poblacion pobre disminuyo notablemente, del 44% al 30%. La movilidad economica y el crecimiento de la clase media en America Latina analiza la naturaleza, los determinantes y las posibles consecuencias de este notable proceso de transformacion social. Los autores proponen una original definicion de la clase media, hecha a la medida de America Latina y centrada en el concepto de seguridad economica. Segun esta definicion, el grupo social mas grande de la region actualmente no son ni los pobres ni la clase media, sino un estrato de personas vulnerables situadas entre el umbral de la pobreza y los requisitos minimos para disfrutar de un modo de vida mas seguro, propio de la clase media. El auge de la clase media refleja los cambios recientes en la movilidad economica. La movilidad intergeneracional-un concepto contrario a la desigualdad de oportunidades-ha mejorado ligeramente pero sigue siendo muy limitada. Tanto el nivel educativo como los logros educativos siguen siendo sumamente dependientes del nivel de escolarizacion de los padres. Sin embargo, se ha producido un aumento real de la movilidad de los ingresos. En los ultimos 15 anos, al menos el 43% de los habitantes de America Latina ha cambiado de clase social, en la mayoria de los casos en un sentido ascendente. Los autores sostienen que hay numerosos beneficios potenciales en el auge de esta clase media, si bien advierten que la materializacion de esos beneficios depende en gran medida de que los paises consigan anclar la clase media en torno a un nuevo contrato social, mas cohesivo, que ponga de relieve la necesidad de incluir a todos aquellos que han quedado rezagados. La movilidad economica y el crecimiento de la clase media en America Latina despertara un gran interes entre los responsables de las politicas en America Latina y en otras regiones, entre los funcionarios de las instituciones multilaterales y entre estudiantes y docentes de economia, politicas publicas y ciencias sociales
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    Language: English
    Pages: Online-Ressource (52 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Babecky, Jan Downward Nominal and Real Wage Rigidity
    Abstract: It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. The authors analyse which firm-level and institutional factors are associated with wage rigidity. The results indicate that it is related to workforce composition at the establishment level in a manner that is consistent with related theoretical models (e.g. efficiency wage theory, insider-outsider theory). The analysis also finds that wage rigidity depends on the labour market institutional environment. Collective bargaining coverage is positively related with downward real wage rigidity, measured on the basis of wage indexation. Downward nominal wage rigidity is positively associated with the extent of permanent contracts and this effect is stronger in countries with stricter employment protection regulations
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  • 5
    Language: English
    Pages: Online-Ressource (36 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Babecky, Jan The Margins of Labor Cost Adjustment
    Abstract: Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. This paper broadens the analysis beyond downward rigidity in base wages by investigating the use of other margins of labor cost adjustment at the firm level. Using data from a unique survey, the authors find that firms make frequent use of other, more flexible, components of compensation to adjust the cost of labor. Changes in bonuses and non-pay benefits are some of the potential margins firms use to reduce costs. The paper also shows how the margins of adjustment chosen are affected by firm and worker characteristics
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  • 6
    ISBN: 9781464810404
    Language: English
    Pages: 1 Online-Ressource (226 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Latin American Development Forum
    Parallel Title: Erscheint auch als
    Abstract: What caused the decline in wage inequality of the 2000s in Latin America? Looking to the future, will the current economic slowdown be regressive? Wage Inequality in Latin America: Understanding the Past to Prepare for the Future addresses these two questions by reviewing relevant literature and providing new evidence on what we know from the conceptual, empirical, and policy perspectives.The answer to the fi rst question can be broken down into several parts, although the bottom line is that the changes in wage inequality resulted from a combination of three forces: (a) education expansion and its eff ect on falling returns to skill (the supply-side story); (b) shifts in aggregate domestic demand; and (c) exchange rate appreciation from the commodity boom and the associated shift to the nontradable sector that changed interfi rm wage diff erences. Other forces had a non-negligible but secondary role in some countries, while they were not present in others. These include the rapid increase of the minimum wage and a rapid trend toward formalization of employment, which played a supporting role but only during the boom.Understanding the forces behind recent trends also helps to shed light on the second question. The analysis in this volume suggests that theeconomic slowdown is putting the brakes on the reduction of inequality in Latin America and will likely continue to do so-but it might not actuallyreverse the region's movement toward less wage inequality
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