Events and courses

Research Seminar

How China Escaped Shock Therapy: The Market Reform Debate

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path.

Research Seminar

Labour Rationing: A New Approach to Measuring Labour Market Slack

This paper measures excess labor supply in equilibrium. Hiring shocks are induced—which employ 24 percent of the labor force in external month-long jobs—in Indian local labor markets. In peak months, wages increase instantaneously and local aggregate employment declines. In lean months, consistent with severe labor rationing, wages and aggregate employment are unchanged, with positive employment spillovers on remaining workers, indicating that over a quarter of labor supply is rationed. At least 24 percent of lean self-employment among casual workers occurs because they cannot find jobs. Consequently, traditional survey approaches mismeasure labor market slack. Rationing has broad implications for labor market analysis.

9-10 May 2019, International Labour Organization, Geneva

First ILO-CEPR-IGC-UNIGE Conference on Labour Markets in Developing Countries

The 2019 CEPR/IGC/ILO/UNIGE Conference on Labour Markets in Developing Countries will be held in Geneva on 9-10 May 2019 at the headquarters of the ILO. The Conference is jointly organised by CEPR, IGC, ILO and the Institute of Economics and Econometrics at the GSEM-University of Geneva.

ILO