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Anke Hassel's Wage Setting, Social Pacts and the Euro: A New Role for the PDF

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By Anke Hassel

ISBN-10: 1429454571

ISBN-13: 9781429454575

ISBN-10: 9053569197

ISBN-13: 9789053569191

Politicians, economists, and social theorists are inclined to agree that globalization and neo-liberal financial coverage have contributed to the decline of the social compacts underlying conventional eu welfare states. lately, even if, social pacts have verified a magnificent resurgence, as governments throughout Europe dealing with useful financial coverage changes have selected to view exchange unions as very important negotiating companions instead of adversaries. Wage surroundings, Social Pacts, and the Euro bargains a theoretical figuring out of the forces that experience resulted in this new realizing, and of the demanding situations that expanding financial integration will proceed to pose.

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Additional resources for Wage Setting, Social Pacts and the Euro: A New Role for the State (Amsterdam University Press - Changing Welfare States Series)

Example text

Firstly, the focus on Western Europe allowed the study to build on a shared understanding of the role of labour in industrialized societies after World War ii that was unique to Western Europe. 19 Secondly, Western European countries particularly were confronted with the challenges of European monetary integration, even though not all countries joined emu. The ems and preparation for emu restricted government policy in particular ways. Compared to other oecd countries that had flexible exchange rates and autonomy over their fiscal policy, European governments were especially hard hit by the tightness of the economic policy framework they had chosen for themselves.

Indd 37 28-8-2006 15:43:10 at clearly indicating to wage bargaining actors that harmful effects of excessive wage increases will be punished. The chapter is divided into four sections. The first section traces the history of the relationship between government economic policy and wages, and concludes that, in terms of previous experiences and economic theory, there is little or no reason for governments to intervene in wage bargaining. Section two develops a general hypothesis about the incentives for governments to employ incomes policies, based on established arguments in the political economy literature about the relationship between wage bargaining institutions and monetary policies.

Chapter 3 introduces the measure of government intervention in wage bargaining as the political answer to accommodating trade union power. It establishes the dependent variable for the remainder of the book. Chapters 4 to 6 present the three contextual factors that can explain the variation in government behaviour during the 1980s and 1990s. Chapter 7 brings the issue of Chapter 6 forward by looking at the interaction between the responsiveness of wage bargaining institutions and government intervention.

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Wage Setting, Social Pacts and the Euro: A New Role for the State (Amsterdam University Press - Changing Welfare States Series) by Anke Hassel


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