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Liberalization, flexibility and industrial relations institutions: evidence from Italian and Greek banking

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  • Andreas Kornelakis

Abstract

The article seeks to explain how institutions change within varieties of capitalism, focusing on an important institution for the world of work: wage bargaining. Although there is a widespread expectation that liberalization and firms’ needs for flexibility brings convergence to the liberal market model of decentralized industrial relations, recent literature suggests that diversity persists and that there are a range of different responses. This article contributes to the debate by applying a coalitional perspective to highlight the factors that influence divergent trajectories of change in wage bargaining. The case studies of Italian and Greek banking suggest that the existence of ‘employer associability’ may moderate decentralizing tendencies and facilitate the reform of industrial relations institutions, while ‘labour–state coalitions’ are critical for the survival of institutions. Finally, the article discusses the findings in relation to wider debates in the comparative political economy of work.

Suggested Citation

  • Andreas Kornelakis, 2014. "Liberalization, flexibility and industrial relations institutions: evidence from Italian and Greek banking," Work, Employment & Society, British Sociological Association, vol. 28(1), pages 40-57, February.
    • Handle: RePEc:sae:woemps:v:28:y:2014:i:1:p:40-57
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    Citations

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    Cited by:

    1. Ignacio à lvarez & Jesús Cruces & Francisco Trillo, 2023. "Radical Change and Institutional Resilience: The Case of Labour Market Reforms in Southern Europe," Work, Employment & Society, British Sociological Association, vol. 37(6), pages 1517-1543, December.
    2. Salas-Vallina, Andrés & Simone, Cristina & Fernández-Guerrero, Rafael, 2020. "The human side of leadership: Inspirational leadership effects on follower characteristics and happiness at work (HAW)," Journal of Business Research, Elsevier, vol. 107(C), pages 162-171.
    3. Leone Leonida & Marianna Marra & Sergio Scicchitano & Antonio Giangreco & Marco Biagetti, 2020. "Estimating the Wage Premium to Supervision for Middle Managers in Different Contexts: Evidence from Germany and the UK," Work, Employment & Society, British Sociological Association, vol. 34(6), pages 1004-1026, December.
    4. Andreas Kornelakis, 2016. "Inclusion or Dualization? The Political Economy of Employment Relations in Italian and Greek Telecommunications," British Journal of Industrial Relations, London School of Economics, vol. 54(2), pages 385-408, June.
    5. Kornelakis, Andreas, 2018. "Why are your reward strategies not working? The role of shareholder value, country context, and employee voice," Business Horizons, Elsevier, vol. 61(1), pages 107-113.
    6. Chiara Benassi & Andreas Kornelakis, 2021. "How Do Employers Choose between Types of Contingent Work? Costs, Control, and Institutional Toying," ILR Review, Cornell University, ILR School, vol. 74(3), pages 715-738, May.

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