By Coen Teulings, Joop Hartog
Corporatism or festival? is anxious with the significance of associations in opting for hard work industry results. there was loads of examine long ago ten years evaluating salary transformations, salary activities and employment habit in numerous international locations, none of which has been introduced jointly in an geared up and coherent model. the purpose of this e-book is to fill the distance. The booklet is destined to develop into a customary paintings in exertions economics.
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Additional info for Corporatism or Competition?: Labour Contracts, Institutions and Wage Structures in International Comparison
3 Individual wage regression: variance decomposition" Country Canada US UK France Nether. Germany Finland Denmark Sweden Norway Austria Year 1986 1979 1983 1988 1985 1989 1991 1992 1979 1985 1984 1986 1988 1987 1981 1985 1990 1968 1974 1981 1989 1983 Components Sex/ Race househ. comp. Total var. Expl. var. Resid. var. Educ. Exp. Tenure Covar. exp. tenure Indus. &firm/ plants. 0522 Note: a The entries are square roots of the variance components. 2 as the industry effect. Krueger and Summers (1988), who gave a new start to the debate on interindustry wage differentials, present the standard deviation of the industry dummy coefficients weighted with employment shares and adjusted for measurement error in the coefficients.
A good example is the definition given by Cameron as cited in Calmfors and Driffill (1988) (who, in turn, quote Bruno and Sachs (1985)): 'institutionalized negotiation, bargaining, collaboration, and accord about wages and "income policies" (and perhaps additional economic issues) between representatives of the major economic groupings in society (most typically labour confederations and employers' associations) and often including, in addition, representatives of the government'. The definition includes the key elements that return in all definitions: large, almost monopolistic organized interest groups; overt, explicit interaction with the government; coordination of actions within the organized interest groups across large segments of the economy.
Pohjola (1992) and Rowthorn (1992a) also study the relation between centralization and labour market performance for the 17 OECD countries. The graphs in Pohjola (1992) indicate that the change in the average employment rate between 1968-73 and 1980-5 can reasonably be seen to have a U-shaped relation with centralization, but the relation with the average level of the employment rate in the period 1980-5 is quite weak, in spite of the illustrative curve that Pohjola has added. Even a weaker case seems to hold for the unemployment rate.
Corporatism or Competition?: Labour Contracts, Institutions and Wage Structures in International Comparison by Coen Teulings, Joop Hartog
Categories: Labor Industrial Relations