Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru
By J. Saavedra, Maximo Torero. 2000
113 citations recorded by the source corpus.
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.
Subfields: Economics and Econometrics, General Health Professions
View Paper: https://www.semanticscholar.org/paper/c8bc892761de8bb738262063192f0e64147f4b53
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In General Health Professions
Citations in the corpus
- Employment Regulations Through the Eyes of Employers: Do They Matter and How Do Firms Respond to Them? (2004, unknown): “In Argentina and Spain the liberalization of temporary employment was partially reversed after a few years because of the large expansion of temporary employment and, in Spain, net job creation has really picked up only after the government reformed regular contracts in the mid1990s.5 The size of fi”
- Informal employment: Two contested policy issues (2008, background): “In the 1990s, job security costs fell while formal employment increased (Saavedra and Torero, 2004).”