Call Boomerang Books 1300 36 33 32

Description - The Political Economy of Labour Market Institutions by Gilles Saint-Paul

According to most orthodox economists, labour market rigidities are the key culprit for such high unemployment as has been observed in Europe during the past three decades. But governments that have attempted to follow the standard prescription of removing rigidities have often faced harsh political opposition. This book looks at why labour market institutions such as employment protection, unemployment benefits, and relative wage rigidities exist, what role they play in society, why they seem so persistent, where the pressure to reform them comes from, and whether reform can be politically viable or not. The book ascribes a central role to the existence of underlying microeconomic frictions and to redistributive pressures between rich and poor, and shows how these ingredients may give rise to labour market rents, which in turn explain why a coherent set of rigidities arise as the outcome of the political process. It is also shown that, at the same time, such rents create resistance to reform, and contribute to locking society into a high-unemployment, rigid equilibrium. Finally, the basic principles exposed in the book are used to discuss various strategies for a successful labour market reform.

Buy The Political Economy of Labour Market Institutions by Gilles Saint-Paul from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780198293323
ISBN-10: 0198293321
Format: Hardback
(224mm x 146mm x 20mm)
Pages: 288
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 28-Sep-2000
Country of Publication: United Kingdom

Book Reviews - The Political Economy of Labour Market Institutions by Gilles Saint-Paul

» Have you read this book? We'd like to know what you think about it - write a review about Political Economy of Labour Market Institutions book by Gilles Saint-Paul and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - Gilles Saint-Paul

Gilles Saint-Paul is professor of economics at Universitat Pompeu Fabra, Barcelona, Spain, and a research fellow of CEPR, London, and IZA, Bonn. He earned his Ph.D. at MIT and then worked as a researcher at CERAS and DELTA in Paris before moving to Barcelona. He has been a visiting professor at MIT, UCLA, and CEMFI in Madrid. He has served as a consultant for the IMF, the Spanish Ministry of Labour, the UK Treasury, and the Swedish Parliamentary Committee on labour market policy.

Books By Gilles Saint-Paul

Economics of Rising Inequalities by Gilles Saint-Paul
Paperback, June 2014
Tyranny of Utility by Gilles Saint-Paul
Hardback, July 2011
Innovation and Inequality by Gilles Saint-Paul
Hardback, May 2008
Dual Labor Markets by Gilles Saint-Paul
Hardback, January 1997