Solving the UK's Productivity Problem against the backdrop of Brexit - challe...enterpriseresearchcentre
Keynote Presentation at SME Live 2018,NEC, October 16th by Mark Hart.
Solving the UK's Productivity Problem against the backdrop of Brexit - challenges and opportunities for small businesses
Mapping key dimensions of industrial relationsEurofound
industrial democracy, industrial competitiveness, social justice, decent work, job and employment quality, autonomy, participation, representation, equality, equity, influence, fundamental rights, social cohesion, entrepreneurship, market, capitalism, non-discrimination, HRM, strategic choice, industrial relations in Europe, labour relations, employment relations, social dialogue, trade, unions, crisis, cross-sector, employers, european company, european framework agreements, european works council, industrial action, industrial action, industrial relations, law, minimum wage, sectoral social dialogue, social dialogue, trade unions, wages, working time, bargaining in the shadow of the law, collective agreements, European commission, EU law, EU treaties, decentralization of collective bargaining, single employer bargaining, multi-employer bargaining, extension of collective agreements, favourability principle, opt-out, opening clause, erga omnes, commodity, ILO, dispute settlement, varieties of capitalism, coordinated market economy, liberal market economy, bi-partite, tri-partite, Val Duchesse, macro-economic dialogue, tri-partite social summit, social dialogue committee, working time, labor productivity, labor cost, trade union density, collective bargaining coverage, pay, autonomous agreements, telework, parental leave, BUSINESSEUROPE, ETUC, CEEP, UEAPME, mega trends, information and consultation, open method of coordination, mutual learning,
Marco Manzo and Alessandro Modica - Finance Dept. - Italy
Giancarlo Infantino - Treasury Dept. - Italy, OECD Global Forum on Productivity – October UK Workshop - London, 14 October 2016
Solving the UK's Productivity Problem against the backdrop of Brexit - challe...enterpriseresearchcentre
Keynote Presentation at SME Live 2018,NEC, October 16th by Mark Hart.
Solving the UK's Productivity Problem against the backdrop of Brexit - challenges and opportunities for small businesses
Mapping key dimensions of industrial relationsEurofound
industrial democracy, industrial competitiveness, social justice, decent work, job and employment quality, autonomy, participation, representation, equality, equity, influence, fundamental rights, social cohesion, entrepreneurship, market, capitalism, non-discrimination, HRM, strategic choice, industrial relations in Europe, labour relations, employment relations, social dialogue, trade, unions, crisis, cross-sector, employers, european company, european framework agreements, european works council, industrial action, industrial action, industrial relations, law, minimum wage, sectoral social dialogue, social dialogue, trade unions, wages, working time, bargaining in the shadow of the law, collective agreements, European commission, EU law, EU treaties, decentralization of collective bargaining, single employer bargaining, multi-employer bargaining, extension of collective agreements, favourability principle, opt-out, opening clause, erga omnes, commodity, ILO, dispute settlement, varieties of capitalism, coordinated market economy, liberal market economy, bi-partite, tri-partite, Val Duchesse, macro-economic dialogue, tri-partite social summit, social dialogue committee, working time, labor productivity, labor cost, trade union density, collective bargaining coverage, pay, autonomous agreements, telework, parental leave, BUSINESSEUROPE, ETUC, CEEP, UEAPME, mega trends, information and consultation, open method of coordination, mutual learning,
Marco Manzo and Alessandro Modica - Finance Dept. - Italy
Giancarlo Infantino - Treasury Dept. - Italy, OECD Global Forum on Productivity – October UK Workshop - London, 14 October 2016
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2012 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our latest edition provides an analysis of the employment markets and economic status of 33 countries, featuring insights from Hays experts across the globe.
The Impact of the Current Economy on Compensation ManagementPayScale, Inc.
Join James Redfern, Chief Financial Officer and Becky Wood, Sr. Applied Analytics Adviser, as they dive into wages pre, during, and post pandemic – and what this means for economic recovery.
Michael Priddis, Managing Director, BCG Digital VenturesB&T Magazine
DAZE Melbourne 2015: You and .AI. Man, Machine, & the Future of Work: How Technology will Transform your economy, your workplace, and your child's role in it.
Declining Entrepreneurship and Business Dynamism in the United StatesIan Hathaway
This presentation covers the fairly recent discovery of declining business dynamism and new firm formation in the United States, occurring over a three-decade period in essentially all corners of the economy. It was delivered to an audience at the OECD's Directorate for Science, Technology and Innovation in Paris.
De Hays Global Skills Index is een gedetailleerd rapport dat de uitdagingen op de wereldwijde arbeidsmarkt in kaart brengt. De knelpunten en mismatches van 31 lokale arbeidsmarkten worden blootgelegd en de aanbevelingen in het rapport dienen als advies voor overheden, organisaties, onderwijsinstellingen en overige stakeholders.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2015 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
AS Macro - Unemployment and the Labour Markettutor2u
Unemployment is one of the major macro-economic
performance indicators. The more unemployed people
in our economy the more we are producing below our
potential, less income is earned (reducing saving,
consumption and tax revenue) and there is a negative
impact on the welfare of society.
Expert workshop on the creation and uses of combined environmental and economic performance datasets at the micro-level - 10-11 July 2018 - OECD, Paris
Expert workshop on the creation and uses of combined environmental and economic performance datasets at the micro-level - 10-11 July 2018 - OECD, Paris
Expert workshop on the creation and uses of combined environmental and economic performance datasets at the micro-level - 10-11 July 2018 - OECD, Paris
Expert workshop on the creation and uses of combined environmental and economic performance datasets at the micro-level - 10-11 July 2018 - OECD, Paris
Expert workshop on the creation and uses of combined environmental and economic performance datasets at the micro-level - 10-11 July 2018 - OECD, Paris
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Dynamism Diminished: The Role of Housing Markets and Credit Conditions
1. Dynamism Diminished: The Role of
Housing Markets and Credit
Conditions
Discussion by: Dan Andrews*
Chief Advisor on Macroeconomic Modelling & Policy
Co-Chair of OECD Global Forum on Productivity
* Thanks to Nathan Deutscher and Jonathan Hambur
Keeping pace with technological change: the role of capabilities and dynamism
OECD GFP Conference | Sydney – 20 June 2019
2. 10
15
20
25
10
15
20
25
2001 2003 2005 2007 2009 2011 2013 2015 2017
*Young firms are 0-5 years old
Sources: De-identified matched employer-employee data;
Australian Treasury
%%
The context: market dynamism has
declined
The employment share of young firms (< 5years)
2
A: United States B: Australia
1. Not an isolated incident: labour market dynamism has also declined
2. High stakes: sluggish productivity and wage growth
3. The doyens of dynamism: Davis + Haltiwanger are on the job
3. Declining market dynamism: some
big questions
The literature has explored three key aspects of declining
market dynamism:
1. The what: use high quality micro data in novel ways to explore
the nature of the decline
2. The consequences: on productivity, wages, groups of people
3. The causes, ranging from:
a) The benign (e.g. technology, demography) to…
b) A policy concern (e.g. ↑ adj frictions wrt finance, labour; mkt power)
Establishing the respective roles of 3a vs 3b is one of the biggest
economic policy questions of our time
3
If we’re lucky…
and if we’re really lucky…
The paper contributes on all fronts. An impressive effort!
4. The paper: summary
• Result: a robust positive link between young firm employment
shares and house prices at the local level
– House prices matter more than bank loan supply
– Young small firms more exposed than old small firms
– The secular decline in young firm activity was reinforced by the
post-2007 collapse in house prices
• Channels: house prices matter for growth through
– Wealth, liquidity, collateral and credit supply effects on the firm
entry and post-entry growth margins
– In addition to the canonical consumption demand channels
• Consequences: younger (and less educated) workers are
particularly affected by these developments
4
5. Discussion - outline
Discussion structure
1. Result: the house price and young firm activity link
2. Mechanisms: why are younger workers particularly affected
Using matched employee employer data to build a link between
firm entry, labour market fluidity and young worker fortunes?
3. Implications: lessons for policymakers
Approach: Draw on analysis for Australia using Treasury’s
prototype longitudinal matched employee employer
dataset.
5
6. House prices: a new channel
influencing market dynamism
• Credible reasons why HPs and young firm activity should be linked
• Similar pattern across states in AUS. Local-level analysis forthcoming
• But is the link truly causal? 6
A: United States B: Australia
7. Identification
Plausibly exogenous variation in
house prices:
• Instrumented by Saiz (2010)
housing supply elasticity interacted
with boom/bust dummy (IV1) or
local cycle (IV2)
• Controlling for other cyclical shocks
But more discussion on what supply
elasticities pick-up would be useful
• What if supply elasticities reflect
regulations that also affect firm
entry and labour mobility?
7
-5
0
5
10
15
20
25
30
10 12 14 16 18 20 22 24 26 28 30
Land use regulation index³
Supply responsiveness¹
Correlation coefficient: -0.46***
Supply elasticities vary with the
regulatory burden across US cities
Source: Andrews, D et al (2011), "Housing Markets and
Structural Policies in OECD Countries", OECD Economics
Department Working Papers, No. 836
8. 0
10
20
30
40
0
10
20
30
40
Young firm
(0-5 years old)
Mature firm
(>5 years old)
Sources: De-identified matched employer-employee data;
Australian Treasury
* Young workers are those less than 30 years
%%
Mechanisms: why are young workers
particularly affected?
Why? Compositional effect at
play as young workers are more
likely to work in young firms
(Ouinet & Zarutskie, 2014). 8
Composition of employment by firm age –
Australia*
Share of workers that are young
When the young-firm share of
local employment rises, local
employment shifts from older
to younger workers and from
more- to less-educated
workers. To the best of our
knowledge, we are the first to
uncover this relationship.
–Davis and Haltiwanger (2019)
9. Digging deeper: the role of job
switching
9
Wages and job switching – Australia
Purged of cyclical & demographic influences
Source: Deutscher (2019), “Job-to-job transitions and
the earnings of Australian workers” Treasury Working
Paper forthcoming.
• Job switching is a key mechanism
for ↑ wages, esp. for young (Topel
& Ward, ‘90)
• Leading models of wages
incorporate on-the-job search
(Burdett & Mortensen ‘98)
– More fluid labour markets associated
with higher wages, even for stayers
(Krahan et al, 2017, Deutscher 2019)
• ↓ young firm activity could ↓
worker wages:
– Job-ladder effects for the young
– Bargaining power effects for all
workers via ↓labour mkt fluidity
10. What is the connection between declining
young firm activity and job switching?
10
Workers are less likely to switch jobs
in the US and Australia.
Over one-half of the decline in AUS reflects
less switching from old to young firms
Old-to-young Switching and Entry Rate
Market Dynamism Indicators – Australia
6
8
10
12
14
1
2
3
4
5
2003 2005 2007 2009 2011 2013 2015
* Young firms are 0-5 years old
Sources: De-identified matched employer-employee data; Australian Treasury
%%
Old-to-young firm switch rate
(LHS)*
Firm entry rate
(RHS)
11. Firm entry creates outside options for
workers and scope to switch jobs
Higher firm entry is associated with more job switching, especially from mature to young
firms. But no such relationship is evident for job switching between old firms (slide A1).11
Job switching and firm entry – Australia*
All switching Switching: old-to-young firms
Note: Areas are SA4; capital city treated as one area; purged of time and area effects and the
employment share of young firms.
Sources: De-identified matched employer-employee data; Australian Treasury
12. Three key reminders for policy
1. Policies that impact house price dynamics affect growth:
– Demand-side: canonical consumption channels
– Medium-term potential: via firm dynamics (Davis & Haltiwanger)
12
13. Three key reminders for policy
2. Young firms are particularly sensitive to policy settings
13
– Policies are typically designed in
consultation with incumbents
– But young firms have little voice
• “we never observe the firms
that choose not to enter”
– Despite the fact that young
firms disproportionately
driving aggregate outcomes
-6
-3
0
3
-6
-3
0
3
Mature Large Young Large Mature SME Young SME
Gross Job Creation Gross Job Destruction Net Job creation
* Young 0-5 years, Mature over 5 years. SMEs 0-199 FTE, Large 200 FTE
or more
Sources:ABS BLADE;Australian Treasury
m
Young Firms Drive Net Job Creation – Australia
2008 to 2016, full-time equivalents employment
m
14. Three key reminders for policy
3. Matched employee-employer data are critical
a) Linking labour market fluidity to wage growth helps make
the case for market-dynamism friendly policies.
b) Treasury is collaborating to:
Include higher education data into our prototype matched
employee employer database.
Leverage new technologies to open-up the access environment.
c) Australia are microdata laggards but we are on a mission to
catch-up to the frontier.
Davis and Haltiwanger is a great example of the policy-relevant
analysis we can aspire to if we build our microdata capacity.
14
16. A1. Job switching between old firms is
negatively associated with firm entry
16
Job switching and firm entry – Australia*
Old-to-young firm
Note: Areas are SA4; capital city treated as one area; purged of time and area effects
Sources: De-identified matched employer-employee data; Australian Treasury