Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 and compare it to the U.S. distribution over the...

What were the asserted complementarities between the welfare state and full-employment policies, and why do these complementarities look less convincing today?

What factors determine national differences in the size and industry distribution of employment? This study stresses the role of business taxation, employment security laws, credit market policies, wage-setting institutions and the size of the public sector.

What were the asserted complementarities between the welfare state and full-employment policies, and why do these complementarities look less convincing today?