the oecd black sea and central asian economic outlook promoting work and well-being labour market...
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The OECD Black Sea and Central Asian Economic Outlook
Promoting work and well-being
Labour Market Policies in the Global Environment
Richard Pomfret
2
Labour Market Policies in the Global Environment
SHOCKS:• transition•globalization
Firms(chapter 4)
Households(chapter 5)
Governments(chapter 6)
3
Labour Market Outcomes
• Transition in an open economy → – more severe recession than expected– ↑ volatility and job insecurity
• during the 1990s labour market policy responses were limited
• The Outlook describes how labour market policies evolved during the 2000s– but the context was also set by
households’ responses during the 1990s
4
Households’ Coping Mechanisms
• Short-term coping mechanisms– family and community support
• Longer-term coping mechanisms– informality– migration
• Vulnerable groups and coping mechanisms– gender roles, urban-rural gaps, ethnic
relations, pensioners, children
5
Policy Responses
• ILO Conventions and improving the labour market environment– employment protection, unemployment
insurance, minimum wage legislation, reducing informality
• Active Labour Market Policies– public employment, vocational training,
microfinance, youth employment
• Public redistribution– targeting social assistance
• Facilitating private redistribution
6
Conclusions and Policy Recommendations
• Investment on statistics• Regularising informal activities• Active labour market policies• Employment-oriented social polices
and targeted assistance• Migration, remittances and migrant
workers’ rights• Sustaining reforms for better job
creation
7
The OECD Black Sea and Central Asian Economic Outlook
Promoting work and well-being
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