{"product_id":"corporatism-or-competition-labour-contracts-institutions-and-wage-structures-in-international-comparison-hardback-9780521590730","title":"Corporatism or Competition?; Labour Contracts, Institutions and Wage Structures in International Comparison (Hardback) 9780521590730","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCorporatism or Competition?\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eLabour Contracts, Institutions and Wage Structures in International Comparison\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThe importance of labour market institutions to labour market outcomes, corporatist versus de-centralized.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eCoen Teulings (Author), Joop Hartog (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521590730, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 17 September 1998\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e364 pages\u003cbr\u003e23.7 x 15.9 x 2.8 cm, 0.705 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Symbols and abbreviated references\u003cbr\u003e Synopsis\u003cbr\u003e 1. What we observe and what we claim\u003cbr\u003e 2. The role of corporatism in models of surplus sharing\u003cbr\u003e 3. Beliefs, norms and institutions\u003cbr\u003e 4. Union behaviour\u003cbr\u003e 5. Wage differentials and rent sharing\u003cbr\u003e 6. Tenure wage profiles\u003cbr\u003e 7. Unemployment and wage flexibility\u003cbr\u003e 8. Inside corporatism: how the Dutch play their own game\u003cbr\u003e 9. An assessment: competition or corporatism?\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Labour economics [\u003ca title=\"See our other books on Labour economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Labour%20economics%20%5BKCF%5D%22\"\u003eKCF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46066022678808,"sku":"9780521590730","price":85.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521590730i.jpg?v=1691408912","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/corporatism-or-competition-labour-contracts-institutions-and-wage-structures-in-international-comparison-hardback-9780521590730","provider":"Freshly Printed Books","version":"1.0","type":"link"}