Corporatism or Competition?: Labour Contracts, Institutions and Wage Structures in International Comparison - Image 1

£96.50

Cambridge University Press Corporatism or Competition?: Labour Contracts, Institutions and Wage Structures in International Comparison

Name: Corporatism or Competition?: Labour Contracts, Institutions and Wage Structures in International Comparison
Brand: Cambridge University Press
Price: 96.5 GBP
Availability: InStock

Labour

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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521590736
Category: Books > Subjects > Business, Finance & Law > Economics > Labour
Domain: Amazon UK
Release Date: 17 September 1998
Listed Since: 16 February 2007

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Cambridge University Press Corporatism or Competition?: Labour Contracts, Institutions and Wage Structures in International Comparison

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