Evidence-based policy making
IZA World of Labor is an online platform that provides policy analysts, journalists, academics and society generally with relevant and concise information on labor market issues. Based on the latest research, it provides current thinking on labor markets worldwide in a clear and accessible style. IZA World of Labor aims to support evidence-based policy making and increase awareness of labor market issues.
Employee ownership generally increases firm performance and worker outcomes
Employee ownership has attracted growing attention for its potential to improve economic outcomes for companies, workers, and the economy in general, and help reduce inequality. Over 100 studies across many countries indicate that employee ownership is generally linked to better productivity, pay, job stability, and firm survival—though the effects are dispersed and causation is difficult to firmly establish. Free-riding often appears to be overcome by worker co-monitoring and reciprocity. Financial risk is an important concern but is generally minimized by higher pay and job stability among employee owners.
Youth and long-term unemployment, which skyrocketed during the Great Recession, were still very high in 2016Spain, the fourth largest eurozone economy, was hit particularly hard by the Great Recession, which made its chronic labor market problems more evident. Youth and long-term unemployment escalated during the crisis and, despite the ongoing recovery, in 2016 were still at unsustainably high levels. The aggregate rate of temporary employment declined during the recession, but grew among youth. Most interesting have been the narrowing of the gender gap in labor force participation, the decline in the share of immigrants in employment and the labor force, and the overall increase in wage inequality.MoreLess
The Swiss labor market has proven resilient to several recent shocks, with unemployment remaining stable and real wages steadily increasingSwitzerland is a small country with rich cultural and geographic diversity. The Swiss unemployment rate is low, at only about half the OECD average. The rate has remained at that level since the year 2000, despite a massive increase in the foreign labor force, the Great Recession, and a currency appreciation shock, demonstrating the Swiss labor market’s impressive resiliency. However, challenges do exist, particularly related to earnings and employment gaps among foreign and native workers, as well as a narrowing but persistent gender pay gap. Additionally, regional differences in unemployment are significant.MoreLess
Both general and age-specific policies are necessary to reduce youth unemployment in transition economiesMarcello Signorelli, November 2017The 2008 financial crisis and subsequent Great Recession created a second major employment shock in less than a generation in several transition economies. In particular, youth unemployment rates, which are usually higher than adult rates in normal times, reached extremely high levels and partly tended to persist over time. Improving youth labor market performance should therefore be a top priority for policymakers in affected transition countries. Better understanding of the dynamics of national and regional youth unemployment rates and other associated indicators is particularly important for designing effective policy approaches.MoreLess
A financially literate workforce helps the economy, but acquiring the needed skills can be costlyPierre-Carl Michaud, November 2017The level of financial literacy in developed countries is low and contributes to growing wealth inequality. Benefits from increasing the level of financial literacy include more effective saving for retirement and better debt management. However, there are significant costs in terms of time and money of acquiring financial literacy, which imply that the net value of acquiring financial literacy is heterogeneous in the population. This potentially makes designing effective interventions difficult.MoreLess
Puerto Rico’s economy will shrink by about 8% in 2018, positioning it at the top of the list of the slowest-growing economies in the world.
Nov 22, 2017Large Indian firms are obliged to donate 2% of their profits to corporate social responsibility. Some donate money to local infrastructure and others use philanthropy to benefit the business. However some funds are going to projects closely connected to politicians.
As a thick smog stifles New Delhi, some diplomats have called for it to be made a “hardship” posting—a category usually reserved for conflict zones—due to the health risks posed by working in the Indian capital.
Nov 17, 2017The growth of the higher education sector in recent decades means that the UK population is proportionally the fifth most educated in the world. However, productivity and high-skilled job availability are not keeping pace and tuition fees are rising.
Dec 01, 2017 - Dec 02, 2017
Industry 4.0 is a new economic approach that challenges Fordism and rigidly compartmentalized production sectors. This new model features more fluid organization in which both consumers and external factors might play a part. While highly-digitalized processes allow for mass customisation of products, a rethink of the way production is organized, as well as of working and business models, is needed.
Apr 05, 2018 - Apr 06, 2018
Santiago de Compostela, Spain
CIELO Laboral has launched a global initiative to study the Future of Work, inviting the Member States to undertake dialogues regarding the future of work at national level
Apr 20, 2018 - Apr 21, 2018
Barnard College, New York
IZA and Barnard College are organizing the 2nd IZA Annual Workshop on Gender and Family Economics. The workshop will create a stimulating environment that will enable participants to engage in discussion of and receive valuable feedback on pressing issues in gender- and family-related research and policy.
May 14, 2018
Bank of England
The Bank of England, the Board of Governors of the Federal Reserve System and the European Central Bank are organizing a conference on Gender and career progression, with a focus on issues specific to finance, economics, and central banks, to be held on May 14, 2018 at the Bank of England. Governor Mark Carney (Bank of England) will provide opening remarks, and Dr. Brian Bell will be giving a keynote speech.
Jun 28, 2018 - Jun 29, 2018
The IZA will hold a World Labor Conference, to celebrate the 20th anniversary of IZA, in Berlin, Germany, on Thursday and Friday, June 28 and 29, 2018. There will be 8 sets of two-hour parallel sessions, with each of the 48 sessions containing four papers. In addition, there will be: One plenary session each day with a keynote address, one by Francine Blau (Cornell University and IZA) and one by Chris Pissarides (London School of Economics and IZA); and a ceremonial dinner on the evening of June 28, at which the biennial IZA Prize in Labor Economics will be presented.
Jul 05, 2018 - Jul 06, 2018
BEIS Conference Centre, Westminster, London
The conference will focus on employer engagement in education and training, vocational education and how these relate to the Government’s plans for increasing social mobility, the implementation of its Industrial Strategy and improving the flow of skills into the labor market post-Brexit. The conference also seeks to reflect on reforms and policy shifts in relation to vocational education and training and employer engagement internationally.