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  1. Labor market reform options to boost employment in South Africa
    Author: Duval, Romain; Ji, Yi; Shibata, Ippei
    Published: June 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    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... more

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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

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513584478
    Other identifier:
    Series: IMF working paper ; WP/21, 165
    Subjects: South Africa; labor market; unemployment; structural reform; collective bargaining; minimum wage; employment protection; active labor market policies; product market; youth employment; Labor Market Performance; Paper Reviews Labor Market Policy; Product Market Regulation; Reform Option; Youth Employment
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  2. Labor market reform options to boost employment in South Africa
    Author: Duval, Romain; Ji, Yi; Shibata, Ippei
    Published: June 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    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... more

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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

     
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