Wages and Labour Market Institutions in International Comparison

Coen Teulings and Joop Hartog

Chapter 2 in Internal Labour Markets, Incentives and Employment, 1998, pp 19-48 from Palgrave Macmillan

Abstract: Abstract Are competitive labour markets better than highly institutionalised corporatist labour markets? Would they have brought cherished flexibility where corporatism imposes dreadful rigidity? Is, say, the US labour market, with its ‘decentralised heterogeneity’ (Flanagan, Hartog and Theeuwes, 1993) more efficient than the Austrian labour market, with its tight, centralised organisation? National labour markets differ across a wide spectrum in labour market organisation, institutions and labour legislation – how relevant is this variation in the mode of transacting for wage levels and wage structure?

Keywords: Labour Market; Collective Bargaining; Wage Structure; Labour Market Institution; Wage Dispersion (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1057/9780230377974_2

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