Bhaumik, S. orcid.org/0000-0002-4459-3659, Frensch, R. and Huber, S. (2021) Political economy of labour market institutions in a globalised era. Discussion Paper. IZA Discussion Paper (14121). IZA Institute of Labor Economics ISSN 2365-9793
Abstract
The paper extends the literature on the political economy of labour market institutions by developing a framework in which owners of capital can benefit from both greater labour market flexibility and better rule of law. Their choice of location of manufacturing centres can, therefore, by influenced both by reduction in expropriation that is associated with better rule of law and greater bargaining power vis-à-vis workers by way of greater labour market flexibility. It follows that where owners of capital are better placed to influence government choices of these institutions, labour market flexibility is influenced by both labour market institutions intensity of exports and as well as rule of law intensity of exports. These predictions are borne out by a cross-country empirical analysis.
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 The Author(s). For reuse permissions, please contact the Author(s). |
Keywords: | labour market institutions; political economy; globalisation |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 16 Jul 2021 12:55 |
Last Modified: | 12 Mar 2025 14:19 |
Published Version: | https://www.iza.org/publications/dp/14121/politica... |
Status: | Published |
Publisher: | IZA Institute of Labor Economics |
Series Name: | IZA Discussion Paper |
Refereed: | Yes |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:176222 |