scholarly journals Manufacturing Employment and Exchange Rates in the Portuguese Economy: The Role of Openness, Technology and Labour Market Rigidity

2010 ◽  
Author(s):  
Fernando Alexandre ◽  
Pedro Miguel Avelino Bacao ◽  
Joao Cerejeira Silva ◽  
Miguel Portela
Keyword(s):  
Exchange Rates ◽  
Labour Market ◽  
Manufacturing Employment ◽  
Portuguese Economy ◽  
The Portuguese Economy ◽  
Labour Market Rigidity

scholarly journals Financialisation and the slowdown of labour productivity in Portugal: A post-Keynesian approach

2021 ◽  
Author(s):  
Diogo Correia ◽  
Ricardo Barradas
Keyword(s):  
Time Series ◽  
Income Inequality ◽  
Economic Performance ◽  
Labour Productivity ◽  
Personal Income ◽  
Integration Process ◽  
Income Share ◽  
Portuguese Economy ◽  
The Portuguese Economy

The aim of this paper is to conduct a time series econometric analysis in order to empirically evaluate the role of financialisation in the slowdown of labour productivity in Portugal during the period from 1980 to 2017. During that time, the Portuguese economy faced a financialisation phenomenon due to the European integration process and the corresponding imposition of a strong wave of privatisation, liberalisation and deregulation of the Portuguese financial system. At the same time, Portuguese labour productivity exhibited a sustained downward trend, which seems to contradict the well-entrenched mainstream hypothesis on the finance–productivity nexus. Based on the post-Keynesian literature, we identify four channels through which the phenomenon of financialisation has impaired labour productivity, namely weak economic performance, the fall in labour’s share of income, the rise of inequality in personal income and an intensification of the degree of financialisation. The paper finds that lagged labour productivity, economic performance and labour income share positively impact labour productivity in Portugal, while personal income inequality and the degree of financialisation negatively impact labour productivity in Portugal. The paper also finds that the main triggers for the slowdown of labour productivity in Portugal are the degree of financialisation and personal income inequality over the last decades.

scholarly journals Employment, Exchange Rates and Labour Market Rigidity

2010 ◽  
Author(s):  
Fernando Alexandre ◽  
Pedro Miguel Avelino Bacao ◽  
Joao Cerejeira Silva ◽  
Miguel Portela
Keyword(s):  
Exchange Rates ◽  
Labour Market ◽  
Labour Market Rigidity

scholarly journals Aggregate and sector-specific exchange rate indexes for the Portuguese economy

2009 ◽  
Author(s):  
Fernando Alexandre ◽  
Pedro Bação ◽  
João Cerejeira ◽  
Miguel Portela
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Strongly Correlated ◽  
Effective Exchange ◽  
Portuguese Economy ◽  
The Portuguese Economy ◽  
Effective Exchange Rate

In this paper, we compute and compare aggregate and sector-specific exchange rate indexes for the Portuguese economy. We find that alternative effective exchange rate indexes are very similar between them. We also find that sector-specific effective exchange rates are strongly correlated with aggregate indexes. Nevertheless, we show that sector-specific exchange rates are more informative than aggregate exchange rates in explaining changes in employment: whereas aggregate indexes are statistically insignificant in employment equations, regressions using sector-specific exchange rate indexes show a statistically significant and economically large effect of exchange rates on employment.

scholarly journals Exchange Rates, Employment and Labour Market Rigidity

World Economy ◽  
2015 ◽  
Vol 40 (5) ◽  
pp. 993-1011 ◽  
Author(s):  
Fernando Alexandre ◽  
Pedro Bação ◽  
João Cerejeira ◽  
Miguel Portela
Keyword(s):  
Exchange Rates ◽  
Labour Market ◽  
Labour Market Rigidity

The Role of Migration in the Formation of Regional Labour Markets Amidst the Second Wave of Depopulation in Modern Russia

2020 ◽  
Vol 27 (6) ◽  
pp. 26-36
Author(s):  
A. V. Topilin ◽  
A. S. Maksimova
Keyword(s):  
Labour Market ◽  
Oil And Gas ◽  
Labour Markets ◽  
Labour Migration ◽  
Sample Surveys ◽  
Balance Sheets ◽  
Permanent Migration ◽  
Regional Labour Markets ◽  
The Impact

The article reflects the results of a study of the impact of migration on regional labour markets amidst a decline in the working-age population in Russia. After substantiating the relevance of the issues under consideration, the authors propose a methodological analysis toolkit, the author’s own methodology for calculating the coefficients of permanent long-term external and internal labour migration in regional labour markets, and the coefficient of total migration burden. In addition, the authors provide an overview of the information and statistical base of the study. According to current migration records, data of Rosstat sample surveys on Russian labour migrants leaving for employment in other regions, regional labour resources balance sheets based on the calculated coefficients of labour market pressures, the authors analyzed the impact of migration on the Russian regional labour markets over the past decade. It revealed an increasing role of internal labour migration in many regions, primarily in the largest economic agglomerations and oil and gas territories. At the same time, the role of external labour migration remains stable and minimum indicators of the contribution of permanent migration to the formation of regional labour markets continue to decrease. It has been established that irrational counter flows of external and internal labour migration have developed, which indicates not only an imbalance in labour demand and supply but also a discrepancy between the qualitative composition of migrants and the needs of the economy. It is concluded that the state does not effectively regulate certain types of migration, considering its impact on the labour market. The authors justified the need for conducting regular household sample surveys according to specific programs to collect information about labour migrants and the conditions for using their labour. In addition to the current migration records, using interregional analysis, this information allows making more informed decisions at the federal and regional levels to correct the negative situation that has developed in the regional labour markets even before the coronavirus pandemic had struck.

scholarly journals Human Capital Disparities and Earnings Inequality in The Portuguese Private Labour Market

2021 ◽  
Author(s):  
Derick R. C. Almeida ◽  
João A. S. Andrade ◽  
Adelaide Duarte ◽  
Marta Simões
Keyword(s):  
Human Capital ◽  
Labour Market ◽  
Tertiary Education ◽  
Earnings Inequality ◽  
Kuznets Curve ◽  
Positive Trend ◽  
Returns To Schooling ◽  
Education Inequality ◽  
Using Data

AbstractThis paper examines human capital inequality and how it relates to earnings inequality in Portugal using data from Quadros de Pessoal for the period 1986–2017. The objective is threefold: (i) show how the distribution of human capital has evolved over time; (ii) investigate the association between human capital inequality and earnings inequality; and (iii) analyse the role of returns to schooling, together with human capital inequality, in the explanation of earnings inequality. Our findings suggest that human capital inequality, computed based on the distribution of average years of schooling of employees working in the Portuguese private labour market, records a positive trend until 2007 and decreases from this year onwards, suggesting the existence of a Kuznets curve of education relating educational attainment levels and education inequality. Based on the decomposition of a Generalized Entropy index (Theil N) for earnings inequality, we observe that inequality in the distribution of human capital plays an important role in the explanation of earnings inequality, although this role has become less important over the last decade. Using Mincerian earnings regressions to estimate the returns to schooling together with the Blinder-Oaxaca decomposition of real hourly earnings we confirm that there are two important forces associated with the observed decrease in earnings inequality: a reduction in education inequality and compressed returns to schooling, mainly in tertiary education.

The role of social enterprises in facilitating labour market integration for people with disabilities: A convenient deflection from policy mainstreaming?

2021 ◽  
pp. 1-21
Author(s):  
CHERYL HIU-KWAN CHUI ◽  
CHEE HON CHAN ◽  
YANTO CHANDRA
Keyword(s):  
Labour Market ◽  
Market Integration ◽  
People With Disabilities ◽  
Social Enterprises ◽  
Labour Market Integration ◽  
Job Opportunities ◽  
Primary Means ◽  
Work Integration ◽  
Disability Employment

Abstract Policymakers have increasingly embraced social enterprises as a vehicle to create job opportunities for the disadvantaged. However, there is limited research on social enterprises in the context of disability in relation to labour market integration. Drawing on the perspectives of representatives of work integration social enterprises and people with disabilities employed in these enterprises (n=21), this study examines whether and how work integration social enterprises promote inclusion for people with disabilities, and also explores the role of WISEs in enabling people with disabilities to transition into open employment. Thematic analysis revealed three key emergent themes: Cocooned inclusion but not transition; Reinforced normative demarcation; and WISEs as a deflection from institutionalizing proactive disability policy measures. This article argues that, although WISEs were able to provide job opportunities for people with disabilities, their purported function in enabling disabled people to transition into open employment remains constrained by factors beyond their control including prevailing norms and the absence of proactive disability employment measures. This article cautions against the over-romanticisation of WISEs as the primary means to ensure the rights of people with disabilities to participate in the labour market. Implications on disability employment policies in relation to social enterprises are discussed.

The role of credentials in the Canadian labour market

2002 ◽  
Vol 35 (4) ◽  
pp. 879-905 ◽  
Author(s):  
Ana M. Ferrer ◽  
W. Craig Riddell
Keyword(s):  
Labour Market
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