Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru
This paper analyzes the effects of several aspects of labor legislation that were modified through successive waves of reform since 1991. Firing costs diminished sharply through the progressive elimination of job security regulations, the introduction of temporary contracts and changes in the severance payment structure. Simultaneously, non-wage labor costs increased. This paper assesses the effect of these changes on the level of formal employment, the effect of regulations changes on turnover, and compares employment duration data for the formal and informal sectors using empirical hazards and parametric estimations of hazard functions.
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Format: | Working Papers biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Labor Policy, Workforce and Employment, labor supply;labor demand;labor turnover;job security;labor law, |
Online Access: | http://dx.doi.org/10.18235/0011243 https://publications.iadb.org/en/labor-market-reforms-and-their-impact-formal-labor-demand-and-job-market-turnover-case-peru |
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dig-bid-node-107072024-05-30T20:25:17ZLabor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru 2000-05-01T00:00:00+0000 http://dx.doi.org/10.18235/0011243 https://publications.iadb.org/en/labor-market-reforms-and-their-impact-formal-labor-demand-and-job-market-turnover-case-peru Inter-American Development Bank Labor Policy Workforce and Employment labor supply;labor demand;labor turnover;job security;labor law This paper analyzes the effects of several aspects of labor legislation that were modified through successive waves of reform since 1991. Firing costs diminished sharply through the progressive elimination of job security regulations, the introduction of temporary contracts and changes in the severance payment structure. Simultaneously, non-wage labor costs increased. This paper assesses the effect of these changes on the level of formal employment, the effect of regulations changes on turnover, and compares employment duration data for the formal and informal sectors using empirical hazards and parametric estimations of hazard functions. Inter-American Development Bank Jaime Saavedra-Chanduví Máximo Torero Working Papers application/pdf IDB Publications Peru en |
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English |
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Labor Policy Workforce and Employment labor supply;labor demand;labor turnover;job security;labor law Labor Policy Workforce and Employment labor supply;labor demand;labor turnover;job security;labor law |
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Labor Policy Workforce and Employment labor supply;labor demand;labor turnover;job security;labor law Labor Policy Workforce and Employment labor supply;labor demand;labor turnover;job security;labor law Inter-American Development Bank Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru |
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This paper analyzes the effects of several aspects of labor legislation that were modified through successive waves of reform since 1991. Firing costs diminished sharply through the progressive elimination of job security regulations, the introduction of temporary contracts and changes in the severance payment structure. Simultaneously, non-wage labor costs increased. This paper assesses the effect of these changes on the level of formal employment, the effect of regulations changes on turnover, and compares employment duration data for the formal and informal sectors using empirical hazards and parametric estimations of hazard functions. |
author2 |
Jaime Saavedra-Chanduví |
author_facet |
Jaime Saavedra-Chanduví Inter-American Development Bank |
format |
Working Papers |
topic_facet |
Labor Policy Workforce and Employment labor supply;labor demand;labor turnover;job security;labor law |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru |
title_short |
Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru |
title_full |
Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru |
title_fullStr |
Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru |
title_full_unstemmed |
Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru |
title_sort |
labor market reforms and their impact on formal labor demand and job market turnover: the case of peru |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0011243 https://publications.iadb.org/en/labor-market-reforms-and-their-impact-formal-labor-demand-and-job-market-turnover-case-peru |
work_keys_str_mv |
AT interamericandevelopmentbank labormarketreformsandtheirimpactonformallabordemandandjobmarketturnoverthecaseofperu |
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1809106837381840896 |