ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
08

The Georgian Labor Code: Real Challenges and False Myths

Georgia’s current rank in the ease of “hiring and firing practices” and “redundancy costs” (weeks of salary an employer is required to pay a dismissed worker) is 9th and 13th, respectively (World Economic Forum’s Global Competitiveness Report, 2012-13). While a matter of pride for Georgia’s previous administration, the liberal labor legislation has become a major bone of contention between the UNM and its many critics (constructive and otherwise), including local labor unions, International Labor Organization (ILO), the European Union (EU) and the US. Th...
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Recent Comments
Guest — Eric
With something like 30% unemployment among Georgian youth, labor market regulation should really be the last thing to worry about.... Read More
Friday, 08 March 2013 11:11 AM
Guest — Simon Appleby
A very good article. It should be considered that some foreign governments and labour organisations critical of Georgia's labour p... Read More
Friday, 08 March 2013 11:11 AM
Guest — RT
Maka, a great topic. But I was expecting more refernces to empirics. For example, there is a common claim that NAIRU in Europe is ... Read More
Saturday, 09 March 2013 11:11 AM
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