Is there any scope for corporatism in stabilization policies?
Giovanni Di Bartolomeo () and
MPRA Paper from University Library of Munich, Germany
This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. We show that if negotiations between these two parties only relate to macroeconomic stabilization, corporatism can never be beneficial to both parties. As corporatist policies are nevertheless commonly observed in this context, we discuss possible explanations that reconcile the theory with actual observations. The policy implications of these explanations are also discussed.
Keywords: Social pacts; axiomatic bargaining; unions; issue linkage (search for similar items in EconPapers)
JEL-codes: E58 E61 J51 (search for similar items in EconPapers)
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Working Paper: Is There any Scope for Corporatism in Stabilization Policies? (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:3584
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