How do corporatist and liberal labour markets differ, and what does it mean for economic policy?

Sturn, Simon (2014) How do corporatist and liberal labour markets differ, and what does it mean for economic policy? Der öffentliche Sektor - The Public Sector, 40 (3-4). pp. 47-53. ISSN 2412-3862

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How do labour market institutions affect unemployment? Whereas some empirical studies find that mainly such institutions explain unemployment, others argue that this correlation is not robust. By means of a survey of the literature I provide evidence that one explanation for these contradictory results is that labour market institutions affect unemployment differently within distinct labour market regimes. Because of institutional complementarities and a trade-off between external and internal flexibility, certain labour market institutions yield distinct impacts on unemployment within labour markets characterized by a high degree of corporatism, good labour relations, and high internal flexibility. Thus it is crucial for policymakers to take institutional complementarities into account when reforming the labour market.

Item Type: Article
Additional Information: This article expands on the literature survey in: Sturn, S. (2013). Are corporatist labour markets different? Labour market regimes and unemployment in OECD countries. International Labour Review, 152(2), 237-254. Für Laudatio zur Verleihung des Egon-Matzner-Preises 2014 an Simon Sturn siehe Der öffentliche Sektor Jg. 40 (2014), H. 3/4, S. 45-46.
Divisions: Departments > Sozioökonomie
Version of the Document: Published
Variance from Published Version: None
Depositing User: Elena Simukovic
Date Deposited: 19 Dec 2016 15:05
Last Modified: 17 Jul 2020 15:09
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