By Maarten van Klaveren, Denis Gregory, Thorsten Schulten
This e-book bargains a labour viewpoint on wage-setting associations, collective bargaining and financial improvement. 16 kingdom chapters, 8 on Asia and 8 on Europe, concentration particularly at the function and effectiveness of minimal wages within the context of nationwide traits in source of revenue inequality, monetary improvement, and social safeguard.
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Extra info for Minimum Wages, Collective Bargaining and Economic Development in Asia and Europe: A Labour Perspective
Example text
Htm). Asian Development Bank (ADB) (2013) The Social Protection Index. Assessing Results for Asia and the Pacific. Manila: ADB. Betcherman, G. (2012) ‘Labor Market Institutions. A Review of the Literature. Background Paper to the 2013 World Development Report’. Washington DC: World Bank, Policy Research Working Paper 6276. Freeman, R. B. (2009) Labor Regulations, Unions, and Social Protection in Developing Countries: Market Distortions or Effective Institutions? Cambridge, MA: NBER, Working Paper 14789.
Pakistan is the only country where inequality has not moved up. 3 Minimum wages and collective bargaining National institutions and policies concerning collective bargaining plainly matter when it comes to explaining income inequality and the incidence of low pay (cf. Gautié and Schmitt 2010). In particular, against the backdrop of 12 Asia: A Comparative Perspective increasing income inequality, the MW naturally comes to the fore. Its objective is first and foremost to assist the redistribution of earnings to the lower paid, although the potential of well-designed MWs for boosting domestic demand, protecting vulnerable workers and combating gender-based pay discrimination should not be underestimated (cf.
It also provided that, in general, monthly MWs should be fixed. It is worth noting that although the government instituted the MW system in 1993, during the 1990s MW standards were still in the process of being accepted by society and did not generate great attention from either employees or employers, nor was much thought given to effective implementation. Against the background of the rising share of employment in private firms, the massive flow of migrant workers to the cities and the huge increase of 22 China flexible work, the Ministry of Labour and Social Security in 2004 modified the 1993 regulation and promulgated the Rules for Minimum Wages (‘2004 Regulation’).