Labour market outcomes of different institutional regimes: evidence from the OECD countries
比较了OECD国家不同制度体制下的劳动力市场结果,发现自由市场经济在就业和工资上有优势,但考虑非自愿兼职和工资不平等后,欧洲大陆和北欧社会民主国家表现更优,且自由市场经济的优势在全球金融危机后减弱。
Abstract The rise of populism has been widely ascribed, at least in part, to an inability of national systems to generate decent employment or, indeed, stem its decline. This article explores the basis and nature of variations in labour market outcomes of different institutional regimes. For this comparative institutional analysis, we build indexes of labour market outcomes in the OECD countries, measuring actual cross-country variations and encompassing a much wider range of evidence in terms of countries and time periods covered than previous studies. We show that in terms of job availability and wages, the liberal market economies (LMEs) have advantages, but once involuntary part-time employment and wage inequality are considered, labour market outcomes appear superior in the continental European countries and the Scandinavia social democracies. However, any advantages of the LMEs appear to be diminishing since the global financial crisis. Compared with other regimes, Southern European and transitional economies have lower level of job availability and wage rates but are comparable in other aspects of the labour market.