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The politics of labor market reform in coordinated welfare capitalism: comparing Sweden, Germany, and South Korea

Timo Fleckenstein and Soohyun Christine Lee

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Since the 1990s, coordinated welfare capitalism has been subject to comprehensive change, with workfare measures and the deregulation of employment protection at the heart of labor market reforms. Developments in Sweden, Germany, and South Korea not only challenge the assumption of relative stability that is commonly associated with the study of coordinated mar-ket economies, but also the assertion that this stability is associated with the persistence of established political coalitions. Instead, we contend a collapse of old welfare state coalitions as key political driver of labor market reform, with the withdrawal of employers from previous welfare settlements at the center of this development.

Keywords: coordinated welfare capitalism; labor markets; Sweden; Germany; South Korea; employers; varieties of capitalism; globalization; dialization (search for similar items in EconPapers)
JEL-codes: N0 (search for similar items in EconPapers)
Date: 2017-01-02
New Economics Papers: this item is included in nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published in World Politics, 2, January, 2017, 69(1), pp. 144-183. ISSN: 0043-8871

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