TY  - BOOK
AU  - Saint-Paul, Gilles
TI  - The Political Economy of Labour Market Institutions
SN  - 0-19-829332-1
PY  - 2000///
CY  - Oxford et al., 
PB  - Oxford University Press
KW  - Arbeitsmarktpolitik
KW  - EconomicPolicy
KW  - PoliticalScience
KW  - PublicPolicy
N2  - Most economists think that unemployment is high in Europe because of rigid labour market institutions such as minimum wages, unemployment benefits, and employment protection. The book develops a theory of labour market institutions as the outcome of the political process. A central hypothesis is that they will be chiefly determined by the interests of employed workers with intermediate skill levels. We show that redistributive conflict between these workers and more skilled workers may lead to an outcome where a set of rigid institutions arise. We analyse why reform may be difficult because of status‐quo bias, and discuss how it may nevertheless be implemented by choosing an appropriate design or timing for the reform
UR  - https://www.oxfordscholarship.com/view/10.1093/0198293321.001.0001/acprof-9780198293323
ER  -