Pakistan Labor Market Study : Regulation, Job Creation, and Skills Formation in the Manufacturing Sector
In an effort to improve employment outcomes and industrial productivity, the Government of Pakistan (GoP) has launched a dual-track reform process involving broad-based overhaul of labor laws and institutions, and expansion and reform of the Vocati...
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| Format: | PSD, Privatization and Industrial Policy |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2006/09/16411564/pakistan-labor-market-study-regulation-job-creation-skills-formation-manufacturing-sector http://hdl.handle.net/10986/12865 |
| Summary: | In an effort to improve employment
outcomes and industrial productivity, the Government of
Pakistan (GoP) has launched a dual-track reform process
involving broad-based overhaul of labor laws and
institutions, and expansion and reform of the Vocational and
Technical Training (VTT) system. Labor market regulation and
laws are useful economic and social institutions designed to
protect workers from undesirable consequences of market
failure such as arbitrary or discriminatory actions by
employers. They also help stabilize employment and household
incomes against aggregate business cycles and shocks. Labor
regulation is also an important element of society's
instruments for the provision of social security and the
maintenance of health, safety, and environmental standards
in economic activities. Labor regulation in Pakistan is
excessive by international standards, as can be seen from
data on a number of indicators of labor market flexibility.
All things considered, Pakistani industry and workers will
seem to be better off with a more flexible labor market. The
report analyzes the existing labor laws and institutions,
along with the new draft laws, from this point of view. It
also provides a review of the current VTT system and changes
for it. |
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