Labor Market Polices Assignment Sample
Introduction
When it comes to the labour market policies, they are considered to be programs undertaken by the government that helps to provide unemployed people with work. Such programs were first observed in the country of the United States of America, which were implemented under the New Deal. The circumstance under which the law was put forward in the country was on the basis of the widespread unemployment during the interwar period. During the 1990s, the labour market policies became prominent across a number of European countries. With the advent of the European Union, the countries associated with it have pushed forward with active labour market policies to help a greater number of people seek jobs. The labour market policy is provided with a wide range of policies that can be implemented to combat joblessness. In addition, passive policies are formulated to make the labour market much more flexible for the people. Such policies have greatly impacted the lives of a million people.
Influence of European Union on the Labor Market Policies
Every country that falls under the European Union has a system of social protection that benefits the individuals of the country against life cycle risks. It is not just in the form of cash all in kind that the benefits are provided, but it can also be in the form of supplement income. It was with the inception of the 2008 crisis that the countries have adopted reforms in their social protection systems (Caliendo et al., 2021). The generosity of unemployment has been enhanced in a number of countries to look after the income of the more vulnerable groups of the society. The countries have taken up such reforms to improve their labour market capabilities and enhance welfare systems. It is the benefits that the child and a family must enjoy that the labour market policies of the European Union are greatly concerned about.
Social assistance and housing benefits have emerged to be the most significant tools used by the European Union to have an influence on the entire process of policymaking. Every other European country has got some sort of social assistance. With the help of such schemes, the individuals are greatly assisted in attaining a certain standard of living and pulling themselves out of poverty and social exclusion. In general, such policies are non-contributory. There is a significant difference between the support provided to the individuals of the countries and the characteristics of their design and coverages. Much of the social assistance is offered to the citizens in the form of friends and other housing benefits, along with the allowances for the families and the children (Friant et al., 2021). With the inception of the crisis, the intensity of the reforms of social assistance has been comparatively higher. The coverages were certainly increased to help the people come out of the crisis. But there are a number of other reforms that are less generous in regards to the following available countries.
Studying the labour market is significant because they all are vital to the competitiveness of the economy of the European Union in today’s era and the future. The General Directorate for the financial and economic affairs undertakes the general and periodic reviews about a market of labour across the European Union. All these are focused upon indicators of the employment market and as well as other aspects as per specific needs or requests.
The main focus will be on:
- The issues of the labour market involve labour extension wages some financial incentives for working like benefit systems and tax systems.
- The reforms of the labour market usually a valuation of the entire impact of the reforms mainly on the performance of the macroeconomic. For example, the main impact will be on capacity of adjustment and likely contribution for raising utilization of labour and improving the resilience of the economy.
In both of the areas, work will have consisted of regular monitoring or service development in the assessment for all stages of a member. General directorate as well as produces studies and going to analyze some special themes for contributing to shaping up discussions about European policies and the recommendations on the policies of labour markets. In order for developing an efficient framework for surveillance of the labour market, an extensive database will be established very effectively (Cristea et al., 2020).
Benefit and tax systems
Functioning of the label market, benefit, and tax systems will be the main aspects of the economic strategy. Globalization is a mobility factor that will increase, as the aging population, goods and capital, and financing of the welfare system also set up some latest challenges for all of these policies.
The European Commission is going to analyze benefits and tax systems from how these are going to contribute towards higher employment and economic growth. At the time, they will save guard and some fair protection of social section. Some particular interest will be devoted to problems of making payment for the work, how they will finance some welfare states, as well as how they are going to implement benefit and tax systems that will be conducive towards employment and growth.
The studies and analysis on the benefit and tax system are going to cover main significant areas like:
- Models of microsimulation are going to analyze the effects of the social and physical policy instruments (Rollnik-Sadowska, 2016).
- Current trends in structure and levels of tax revenue or expenditure of the benefit.
- Major effects and features of the deform of member states in the capital, consumption, and labour taxation.
- Challenges from globalization and aging population.
Conclusion
It concludes that the effects of the benefit and tax on the household income mainly for various types of the household at various levels of earning, also structure of incentive in the benefit and tax system involving the period of benefit, benefits under the suitability and the availability for the jobs. The benefit and tax indicators database is going to present outcomes of an ongoing joint commission of Europe or projects and going to aim for monitoring direct influence on the benefit and tax instrument that is on an incentive to the work and household income.
References
Caliendo, L., Parro, F., Opromolla, L.D. and Sforza, A., 2021. Goods and factor market integration: a quantitative assessment of the EU enlargement. Journal of Political Economy, 129(12), pp.3491-3545.
Cristea, M., Georgiana Noja, G., Dănăcică, D.E. and Ştefea, P., 2020. Population ageing, labour productivity and economic welfare in the European Union. Economic research-Ekonomska istraživanja, 33(1), pp.1354-1376.
Friant, M.C., Vermeulen, W.J. and Salomone, R., 2021. I am analyzing European Union circular economy policies: words versus actions. Sustainable Production and Consumption, 27, pp.337-353.
Rollnick-Sadowska, E., 2016. Young people in the European Union labour market. Latgale National Economy Research, 1(8), pp.80-92.
………………………………………………………………………………………………………………………..
Know more about UniqueSubmission’s other writing services:
