Corporatism or Competition?

Book Name : Corporatism or Competition?_x000D_
Labour Contracts, Institutions and Wage Structures in International Comparison

By by Coen Teulings, Joop Hartog

Sub Title : Labour Contracts, Institutions and Wage Structures in International Comparison

Written by : by Coen Teulings, Joop Hartog

Subject Category : Economics

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about this book

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. Cambridge University Press; September 1998 ISBN 9780511836091 Read online, or download in secure PDF format Title: Corporatism or Competition? Author: Coen Teulings; Joop Hartog Imprint: Cambridge University Press Subject categories Economics > Industries. Land use. Labor Business > Labor Political Science > Labor & Industrial Relations ISBNs 0511836090 9780521590730 9780511836091

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Related subjects

Economics - Industries. Land use. Labor Business - Labor Political Science - Labor & Industrial Relations

ISBN

0511836090 - 9780521590730 - 9780511836091

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Imprint

Cambridge University Press