Description |
vii, 280 pages : illustrations ; 22 cm |
Contents |
I. The support for labour market regulations -- 1. The no-rent society -- 2. A less perfect world -- 3. Wage rigidity and social cohesion -- 4. Employment protection -- 5. Unemployment benefits -- II. The political economy of labour market reform -- 6. The constituency effect -- 7. The identifiability effect -- 8. Two-tier systems -- 9. Politico-economic complementarities |
Summary |
"This book looks at why labour market institutions such as employment protection, unemployment benefits, and relative wage rigidities exist, what role they play in society, why they seem so persistent, where the pressure to reform them comes from, and whether reform can be politically viable or not." "The book ascribes a central role to the existence of underlying microeconomic frictions and to redistributive pressures between rich and poor, and shows how these ingredients may give rise to labour market rents, which in turn explain why a coherent set of rigidities arise as the outcome of the political process. It is also shown that, at the same time, such rents create resistance to reform, and contribute to locking society into a high-unemployment, rigid equilibrium. Finally, the basic principles exposed in the book are used to discuss various strategies for a successful labour market reform."--BOOK JACKET |
Bibliography |
Includes bibliographical references (pages [269]-275) and index |
Subject |
Comparative economics.
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Employment (Economic theory)
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Labor economics.
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Labor market -- Mathematical models.
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Labor supply -- Effect of taxation on -- Mathematical models.
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Unemployment -- Costs -- Mathematical models.
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Welfare economics.
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SUBJECT |
Europe -- Economic policy.
http://id.loc.gov/authorities/subjects/sh2008102589
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Europe -- Social policy.
http://id.loc.gov/authorities/subjects/sh2008102588
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Author |
Oxford University Press.
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LC no. |
2001265261 |
ISBN |
0198293321 |
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