Corporatism and job satisfaction

Edmund Phelps and Gylfi Zoega

Journal of Comparative Economics, 2013, vol. 41, issue 1, 35-47

Abstract: We introduce reported job satisfaction as a measure of economic performance and find it positively correlated with GDP per capita and the labor force participation rate in a sample of OECD countries and negatively correlated with unemployment. Moreover, we find that many measures of corporatism, which we define in the wider sense as institutions that hamper with the allocation of the factors of production and the distribution of income in a capitalist economy, are negatively correlated across countries with job satisfaction. Thus job satisfaction is positively correlated across countries with measures of the protection of property rights and negatively correlated with the volume of regulations of credit markets, labor markets and businesses, in addition to barriers to entrepreneurship, corruption and lack of access to capital. In contrast, measures of capitalism, such as the number of listed companies and market capitalization, are positively correlated with job satisfaction.

Keywords: Corporatism; Economic performance; Job satisfaction (search for similar items in EconPapers)
JEL-codes: P1 P47 P51 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0147596713000073
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:41:y:2013:i:1:p:35-47

DOI: 10.1016/j.jce.2013.01.005

Access Statistics for this article

Journal of Comparative Economics is currently edited by D. Berkowitz and G. Roland

More articles in Journal of Comparative Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().