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Introduction to Management and Organisational Behaviour

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More competition on the goods market means that labour costs are a strategic issue. Goods market integration indirectly leads to labour market integration. ... – PowerPoint PPT presentation

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Title: Introduction to Management and Organisational Behaviour


1
The Economics of European Integration
2
Chapter 8Economic Integration, Labour Markets
and Migration
3
Why Labour Markets Matter
  • Labour costs key for international
    competitiveness
  • Half of all production costs
  • Set nationally
  • Labour markets are indirectly in competition via
    goods markets
  • Labour mobility
  • One aspect of this competition
  • Also helps know each other

4
Controversies Abound
  • Economic logic sometimes clashes with social
    logic
  • Effectiveness sometimes clashes with equity
  • Solidarity clashes with individualism
  • Acquired advantages under threat

5
Plan
  • Unemployment
  • Economic integration and the Labour markets
  • Migration

6
Unemployment
7
Some Facts
  • Unemployment a symptom

8
Labour Market Rigidities the Simplest
Interpretation
Flexible wages deliver full employment
9
Labour Market Rigidities the Simplest
Interpretation
Rigid wages result in unemployment
Flexible wages deliver full employment
10
Why wage rigidity?
  • Labour markets are different
  • Domination by one side
  • Information asymmetries
  • Losing a job is a major vulnerability
  • Human capital and special skills
  • Social imperatives
  • Fairness
  • Need for income stability
  • Need for job security

11
The Standard ResponseCollective Negotiations
Collective negotiations lead to higher wages
Individual supply
12
The Standard ResponseCollective Negotiations
Collective negotiations lead to higher wages and
to unemployment
Individual supply
13
Economic Integration and Labour Markets
  • A two-way relationship

14
Effects of economic integration on the labour
markets
  • More competition on the goods market means that
    labour costs are a strategic issue
  • Goods market integration indirectly leads to
    labour market integration.
  • It also calls for faster reaction to shocks
    flexibility is at a premium

15
Effects of the labour marketson economic
integration
  • Economic integration creates winners and losers
  • Willingness to undertake economic integration
    depends on the winners readiness to compensate
    the losers
  • This calls for safety nets that make labour
    markets more rigid and less able to face
    competition

16
The case of social dumping
  • Wages and productivity in 2005
  • (Germany 100)

17
Migration
  • Western fears of Eastern Hordes

18
Immigration Facts
19
Immigration Facts (cont.)
20
Migration The Simplest Framework
Initial situation
21
Migration The Simplest Framework
Post-migration situation
22
Migration The Simplest Framework
Loss of home workers
23
Migration The Simplest Framework
Gain of home capital-owners
24
Migration The Simplest Framework
Loss of foreign capital-owners
25
Migration The Simplest Framework
Gain of foreign-workers staying abroad
26
Migration The Simplest Framework
Gain of migrant workers
Gain of foreign-workers staying abroad
27
Migration The Simplest Framework
Home gains
Foreign gains
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