4 Jul 2015

Is the Labour Market actually a Market?

Session 13

The term «labour market» is obviously just an expression used out of convenience, albeit misleadingly. First of all, because there exists a variety of markets for different qualifications. Next, because such skills are allocated and evaluated partly within the company, using procedures that scarcely resemble market mechanisms. Finally, because job conditions and wages are largely determined by regulations and negotiations at more or less centralised levels.

Yet the efficiency and stability of economies depend on the respective weight of institutions and market fluctuations in the formation of job levels and compensation. Excessive institutional constraints may hold back labour mobility and maintain a dualism of jobs, keeping a portion of the active population in an unstable and undervalued job situation, while insufficient regulation can create other unacceptable inequalities and make the economy more unstable. But the nature and importance of these effects differ according to how businesses are structured, their governance, and their social model.

In this session, we will explore whether there are optimal models, or whether it is the consistency between the mobilisation of human resources and other dimensions of the economic and social model that matter.

Introduction


Hiroshi YOSHIKAWA

Professor

University of Tokyo

Biography

Coordination


Jean-Paul POLLIN

Member

Cercle des économistes

Biography

Moderator


Marie VISOT

Senior reporter

Le Figaro

Biography

Speakers


Khalid ALKHUDAIR

CEO

Glowork

Biography

Jean-Luc GAFFARD

Professor

OFCE Sciences Po

Biography

Christopher POTTS

Head of Strategy

Kepler Cheuvreux

Biography

René RICOL

President

Ricol Lasteyrie Corporate Finance

Biography
All the speakers

Contributions

Khalid Al Khudair – Diversity in the Saudi Market 2.0

Hiroshi Yoshikawa – The Labour Market

Jean-Paul Pollin – Is the labour market really a market ?

https://www.youtube.com/watch?v=wGVmRyqHW-g&index=15&list=PL3YBt-EW6CgT_yfAjZJbbc74KdhLtfd2W