The past October 21th, Pedro Martins –Professor of Applied Economics - gave his inaugural Lecture “Understanding how to create more and better jobs”, as a part of Queen Mary University of London Inaugural Lecture Series: meet our professors.
In his lecture, Prof Martins distilled the knowledge accumulated, not only on his research on Labour Economics but also on his spell as Portuguese Secretary of State for Employment between 2011 and 2013, delivering a master-class on the critical role that the labour market plays in the economy and society.
The lecture was divided on four sections: Labour Economics and Labour Policy, Globalisation, Institutions, and Public Programmes. In the first section Prof Martins outlined the recent drivers of Labour Economics, highlighting how a wider theoretical base and an increased empirical focus have been beneficial to the field and answered the rising need for “policy-actionable” evidence. The second part detailed how the field has illuminated some of the questions posed by economic globalisation regarding international trade, migrations, or the role of multinationals in development. The third part highlighted the importance of institutions in shaping labour markets, discussing the effects of different levels of Employment protection laws, unemployment benefits, and active labour market policies.
In the fourth section, Prof Martins drew from his experience as Portuguese Secretary of State for Employment (2011-13) and highlighted the possibilities of rigorously evaluated Public interventions on Labour markets, providing a snapshot of his recent research evaluating an activation programme targeted to workers unemployed for 6 months or more and his current work on evaluating Management training programmes.
Professor Pedro Martins concluded his lecture with an optimistic note regarding the possibilities of Labour Economics in shaping future policy through greater interaction between economics and other social sciences and by increasing the evidence on labour market improvements thanks to a wider theoretical base, more sophisticated empirical methods, and richer data.
You can read the latest Prof Martins working papers at the CGR RePec webpage:
- 62 The Diversity of Personnel Practices and Firm Performance by Pedro S. Martins
- 61 Working to get fired? Regression discontinuity effects of unemployment benefit eligibility on prior employment duration by Pedro S. Martins
- 52 Reemployment effects from increased activation: Evidence from times of crisis by Pedro S. Martins & Sofia Pessoa e Costa
- 51 30,000 minimum wages: The economic effects of collective agreement extensions by Pedro S. Martins
You can also continue reading the latest blog post of Prof Martins:
- “Anticipating the Effects of the Minimum Wage in Portugal”
- “When Labour Market Reforms Actually Reduce Unemployment”