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Institutions in the Economic Fitness Landscape: What Impact Do Welfare State Institutions Have on Economic Performance?

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dc.creator Schettkat, Ronald
dc.date 2003
dc.date.accessioned 2013-10-16T07:11:37Z
dc.date.available 2013-10-16T07:11:37Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20641
dc.identifier ppn:362046255
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20641
dc.description This paper uses data from 20 OECD countries to investigate the impact of welfare state institutions (especially employment protection, wage bargaining and work incentives) on the functioning of the labour market both theoretically and empirically. It shows that the impact of welfare state institutions is not as clear-cut as the deregulationists' view suggests. This result may be surprising against the background of the common view that welfare state measures cause European employment problems but it is in line with the outcomes of many other economic studies. The reasons for the ambiguous effects of welfare state institutions are manifold but the most important reason is the complexity of the impacts. There are many side-effects or second-round effects of welfare state institutions which, although often neglected, prove to be very important in the real ?imperfect market? world. Many welfare state institutions only have a clear-cut negative effect against the background of the theoretical perfect market model.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 696
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P5
dc.subject E2
dc.subject J0
dc.subject P1
dc.subject ddc:330
dc.subject welfare states
dc.subject institutions
dc.subject economic performance
dc.subject growth
dc.subject employment
dc.subject Sozialstaat
dc.subject Institutionalismus
dc.subject Wirtschaftswachstum
dc.subject Beschäftigungseffekt
dc.subject Arbeitsmarktflexibilisierung
dc.subject Kündigungsschutz
dc.subject Tarifpolitik
dc.subject Lohnstruktur
dc.subject OECD-Staaten
dc.title Institutions in the Economic Fitness Landscape: What Impact Do Welfare State Institutions Have on Economic Performance?
dc.type doc-type:workingPaper


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