1 / 12

Do employment-productivity tradeoffs exist?

World Employment Report 2004-05 Employment, Productivity and Poverty Reduction Marva Corley Employment Strategy Department International Labour Office. Do employment-productivity tradeoffs exist?. Yes, but relationship is time specific:

mirari
Download Presentation

Do employment-productivity tradeoffs exist?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. World Employment Report 2004-05Employment, Productivity and Poverty ReductionMarva CorleyEmployment Strategy DepartmentInternational Labour Office

  2. Do employment-productivity tradeoffs exist? Yes, but relationship is time specific: • Long Run: positive correlation between productivity, employment and income per capita • Medium Run: frequency of trade-offs due to • External restructuring of firms (Disney 2003, et al) • Structural changes in economy • Short Run: trade-offs result from employment adjustments during business cycles

  3. Short Run Trade-offs in the U.S.

  4. Do employment-productivity tradeoffs exist? Yes, but relationship is time specific: • Long Run: positive correlation between productivity, employment and income per capita • Medium Run: frequency of trade-offs due to • External restructuring of firms (Disney 2003, et al) • Structural changes in economy • Short Run: trade-offs result from employment adjustments during business cycles

  5. Medium Run: External Restructuring in Hungary

  6. Do employment-productivity tradeoffs exist? Yes, but relationship is time specific: • Long Run: positive correlation between productivity, employment and income per capita • Medium Run: frequency of trade-offs due to • External restructuring of firms (Disney 2003, et al) • Structural changes in economy • Short Run: trade-offs result from employment adjustments during business cycles

  7. Economic Growth and the Service Sector

  8. Do employment-productivity tradeoffs exist? Yes, but relationship is time specific: • Long Run: positive correlation between productivity, employment and income per capita • Medium Run: frequency of trade-offs due to • External restructuring of firms (Disney 2003, et al) • Structural changes in economy • Short Run: trade-offs result from employment adjustments during business cycles

  9. Productivity and employment growth, 1980-2000

  10. Complex Realities • There are many other determinants of long run growth and development: • Human and physical capital, quality/type of institutions, regulatory and macro-framework, infrastructure, governance… • Trade-offs exist, important to protect and prepare workers • Compensation for dislocated workers. • Skills retraining & employability programs

More Related