Taxation, wage bargaining and unemployment:

Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting...

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Bibliographic Details
Main Author: Mares, Isabela (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2006
Series:Cambridge studies in comparative politics
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Online Access:BSB01
UBG01
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Summary:Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers. The book demonstrates that the gradual growth in the fiscal burden has undermined the effectiveness of this political exchange, lowering the ability of unions' wage policies to affect employment outcomes
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xviii, 266 pages)
ISBN:9780511625688
DOI:10.1017/CBO9780511625688

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