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Wages and Labour Market Institutions in International Comparison

In: Internal Labour Markets, Incentives and Employment

Author

Listed:
  • Coen Teulings
  • Joop Hartog

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?

Suggested Citation

  • Coen Teulings & Joop Hartog, 1998. "Wages and Labour Market Institutions in International Comparison," Palgrave Macmillan Books, in: Isao Ohashi & Toshiaki Tachibanaki (ed.), Internal Labour Markets, Incentives and Employment, chapter 2, pages 19-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37797-4_2
    DOI: 10.1057/9780230377974_2
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    Cited by:

    1. Kevin Pineda‐Hernández & François Rycx & Mélanie Volral, 2022. "How collective bargaining shapes poverty: New evidence for developed countries," British Journal of Industrial Relations, London School of Economics, vol. 60(4), pages 895-928, December.

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