42,898 research outputs found

    National models of ISR: Belgium

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    Why Are Nominal Wages Downwardly Rigid, but Less So in Japan? An Explanation Based on Behavioral Economics and Labor Market/Macroeconomic Differences

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    In this paper, we survey the theoretical and empirical literature to investigate why nominal wages can be downwardly rigid. Looking back from the 19th century until recently, we first examine the existence and extent of downward nominal wage rigidity (DNWR) for several countries. We find that (1) nominal wages were flexible in the 19th century and the first half of the 20th century, but (2) nominal wages were downwardly rigid in almost all the industrialized countries in the second half of the 20th century, although (3) the extent of DNWR varied from country to country. Next, we use a behavioral economics framework to explain the reasons for DNWR. We also explain why the existence and extent of DNWR varied between time periods and/or from country to country, focusing on differences in the labor market characteristics (such as labor mobility and employment protection legislation) and in the macroeconomic environment (such as economic growth and inflation), which can alter employeesf and firmsf perceptions toward nominal wage cuts.Downward nominal wage rigidity; Behavioral economics; Labor mobility; Employment protection legislation; Inflation rate; Indexation

    Asian/Pacific Islander Communities: An Agenda for Positive Action

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    In June of 2001 the National Council on Crime and Delinquency, in cooperation with the John D. and Catherine T. MacArthur Foundation, convened a symposium to assess the current state of research, exchange information, and establish a tentative agenda for action regarding the quality of life and unmet needs of the API population in the United States. Scholars, activists, community-based and non-profit organizations, educators, law and policy experts, and foundations were all present for this conversation. This report includes many of the data and concepts presented and discusses recurring issues, such as the myth of the model minority, documenting the diversity of API communities, and historical issues which affect federal policies and legislation

    Financial Market Globalization: Present and Future

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    It is widely recognized that financial market globalization has been developing. International financial markets have expanded substantially, and transaction volumes in foreign exchange markets and capital markets have increased markedly. Progress in information and telecommunications technologies, liberalization in capital markets, and development of new financial instruments have further stimulated international capital flows, leading to more expansion and efficiency in international financial markets. However, empirical evidence suggests that national borders have been serving as some sort of barriers to international capital flows. Portfolios of investors based in industrialized countries are biased toward domestic assets (the "home bias puzzle"), and national savings tend to be absorbed domestically (the "Feldstein-Horioka paradox"). From a long-term historical perspective, the size of net capital flows has not increased so much. Alternatively, such development of globalization can be viewed differently once we take account of other aspects such as off-balance sheet transactions. Derivative instruments offer the possibility of unbundling risks inherent in underlying assets, and such unbundled risks can be repackaged and dealt in separately. Thus, cross-border derivatives transactions enhance the effectiveness of risk transfer. Given the recent growing trend toward financial globalization, how and at what pace financial globalization will develop in the future have important implications for the conduct of monetary policy by central banks. If financial markets become further integrated and international capital flows more actively, it is obvious that independent monetary policy directed toward domestic goals, liberalization of capital mobility, and fixed foreign exchange rates cannot be achieved simultaneously. In addition, prudential policy might face new problems pertaining to the stability of the financial system due to increasing international linkage

    Managing the civil service : what LDCs can learn from developed country reforms

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    The author examines current civil service management (CSM) practices in advanced countries to provide guidance for developing country governments that face the dilemma of how to recruit, retain, and motivate appropriately skilled staff at affordable costs, given a limited human resource base. Advanced country administrations are following two distinct paths to improving CSM. Some countries, such as the United Kingdom, are engaged insweeping"managerialist"reforms to decentralize civil service functions and make them more responsive to the client public. By introducing complex financial reporting systems, managers have increased autonomy; some functions are spun off into semi-autonomous agencies operating on an increasingly commercial basis. By contrast, other industrialized countries, such as Singapore, have retained more traditional, largely centralized civil service structures, pursuing only incremental improvements in specific aspects of CSM. The author speculates about what is likely to work best in developing country administrations: Centralized civil service management models provide the best starting point for most developing countries because decentralized agency systems require technological and human resources beyond their capabilities. Some better-endowed countries could use certain agency-type features selectively. Such administrations could establish strategic plans to move toward a fuller agency system as their institutional capabilities increase. Developing countries face trade-offs in choosing which CSM functions should be strengthened first. Two functions - personnel establishment control and staff recruitment - are essential for civil service performance and should get top priority. Senior Executive Services have proved difficult to design and implement in advanced countries, but many flaws can be corrected in adapting them to developing countries, where there is often an urgent need to groom higher-level staff. Assuming minimal, essential levels of personnel establishment and budgetary control, unified pay and classification could be relaxed in developing countries, following the lead of increasing numbers of advanced countries that have done this. Given the urgency of other CSM tasks, lower priority should be assigned to reform involving performance pay, the benefits of which have yet to be demonstrated in the public sectors of developed countries. The management requirements and costs of installingperformance pay systems can be considerable and employee resistance may subvert such efforts. But performance-related promotion systems, even if imperfectly implemented, can help move developing country civil service values toward standards of competence and merit.National Governance,Health Monitoring&Evaluation,Work&Working Conditions,Governance Indicators,Public Sector Economics&Finance

    Employment Sector Working Paper No. 3, Recognizing ability: The skills and productivity of persons with disabilities, Literature Review.

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    The ILO will increase its efforts to advocate access to adequate skills development opportunities for disabled persons, in the coming years, as part of the process of implementing these international standards. To provide a solid knowledge base for these activities, a literature review of skills development initiatives targeting persons with disabilities was commissioned, focusing in particular on the contribution of skills development to enhancing the productivity of disabled persons. It is hoped that the review will contribute to opening opportunities for disabled persons to acquire skills which will lead them to obtaining and keeping decent work. Tony Powers of Powers and Associates (Australia) was the author of this working paper. The research was guided by Barbara Murray, Senior Specialist on Disability, Jo-Ann Bakker edited and prepared the manuscript for publication. The research was conducted as part of the preparation of the report for the General Discussion on Skills for improved productivity, employment growth and development at the 97th session of the International Labour Conference (2008). This working paper reviews the available evidence connecting the employment and economic status of disabled persons with their skills and productivity. It examines skills development strategies and their effect on employment, income-generation and productivity in both the formal and informal sectors in developed and developing countries. It also considers the impact of policies and practices designed to assist disabled people to achieve their productivity potential at work, including workplace accommodations and teleworking. It includes a number of illustrative case studies. It concludes with key policy messages which emerge from the literature review

    Public entities driven robotic innovation in urban areas

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    Cities present new challenges and needs to satisfy and improve lifestyle for their citizens under the concept “Smart City”. In order to achieve this goal in a global manner, new technologies are required as the robotic one. But Public entities unknown the possibilities offered by this technology to get solutions to their needs. In this paper the development of the Innovative Public Procurement instruments is explained, specifically the process PDTI (Public end Users Driven Technological Innovation) as a driving force of robotic research and development and offering a list of robotic urban challenges proposed by European cities that have participated in such a process. In the next phases of the procedure, this fact will provide novel robotic solutions addressed to public demand that are an example to be followed by other Smart Cities.Peer ReviewedPostprint (author's final draft
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