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Active labour market policies are based on the concept of social investment, which rests on the idea of basing decision-making on the welfare of society in quantifiable terms, by increasing the employability, incomes and productivity of economic agents, so this approach interprets state expenditure not as consumption but as an investment that will produce returns on the welfare of individuals.
Stressing the importance of the protection of workers' claims in the event of the insolvency of their employer and recalling the provisions on this subject in Article 11 of the Protection of Wages Convention, 1949, and Article 11 of the Workmen's Compensation (Accidents) Convention, 1925,...
Although employment protection legislation is only one aspect of the wide range of regulatory interventions in the labour market, Nicoletti et al. (2000) find evidence suggesting that, across countries, restrictive regulatory environments in the product market tend to be associated with restrictive employment protection policies.
Flexicurity (a portmanteau of "flexibility" and "security") is a welfare state model with a pro-active labour market policy. The term was first coined by the social democratic Prime Minister of Denmark Poul Nyrup Rasmussen in the 1990s. The term refers to the combination of labour market flexibility [1] in a dynamic economy and security for ...
Labor-force participation among women in their prime working years returned to pre-pandemic levels in January, but the job gains haven’t been spread evenly. Women are driving the labor market ...
Labor market interventions are policies and programs designed to promote employment, the efficient operation of labor markets, and the protection of workers. Social insurance mitigates risks associated with unemployment, ill-health, disability, work-related injury, and old age, such as health insurance or unemployment insurance.
The concept of protecting workers from the perils of labour environments dates all the way back to 14th-century Europe. [6] The first example of the modern labor rights movement, though, came in response to the brutal working conditions that accompanied the onset of the Industrial Revolution in the 18th and 19th centuries. [6]
Rehn argued for mobility-enhancing labor-market policies, including high unemployment benefits, based on a notion of "security by wings" rather than "security under shells." [ 2 ] This aimed to make workers less dependent on a specific job, such that they would find new jobs as structural changes caused by productivity growth will reduce the ...