Corporatism or Competition? Labour Contracts, Institutions and Wage Structures in International Comparison
By: Coen, Teulings | Hartog, Joop.
Material type: BookPublisher: New York ; Cambridge University Press 1998Description: 346 pages.ISBN: 9780521590730.Subject(s): corporatism | international | labor contract | labor market | labor relations | wage determination | wage differential | Business | Economics | LaborOnline resources: Details (Publisher) Summary: The authors present important research showing that corporatist institutions generate smaller non-competitive wage differentials than a decentralized system. A theoretical explanation is developed based on the hold-up problem in investments, arguing that corporatist institutions solve the problem by specifying ex ante nominal contracts that remove the necessity of ex post bargaining over the surplus of an employment relationship. The authors also argue that such institutions allow sufficient flexibility to accommodate aggregate shocks, even more so than decentralized systems. Corporatism or Competition? is the first book to bring together the mass of research on comparative wage differences, wage movements and employment behaviour in different countries with different institutional frameworks, in an organized and coherent fashion. (Publisher)Item type | Current location | Call number | Status | Date due | Barcode |
---|---|---|---|---|---|
Monography | Library | J5 18 (Browse shelf) | Available | 44332 |
The authors present important research showing that corporatist institutions generate smaller non-competitive wage differentials than a decentralized system. A theoretical explanation is developed based on the hold-up problem in investments, arguing that corporatist institutions solve the problem by specifying ex ante nominal contracts that remove the necessity of ex post bargaining over the surplus of an employment relationship. The authors also argue that such institutions allow sufficient flexibility to accommodate aggregate shocks, even more so than decentralized systems. Corporatism or Competition? is the first book to bring together the mass of research on comparative wage differences, wage movements and employment behaviour in different countries with different institutional frameworks, in an organized and coherent fashion. (Publisher)
There are no comments for this item.