In the public debate, poor employment performance has often been associated with the existence of extensive labour market regulations and a lack of commitment to far-sighted public policies. This paper investigates the relation between policy myopia and labour market institutions. We develop a...

This paper analyzes the economic foundations of a non-democratic political regime, where the ruling bureaucracy captures rents through collective control over state property and job assignment. The model developed here yields the equilibrium in the 'political labor market,' where the ruling...

This paper analyzes the economic foundations of a non-democratic political regime, where the ruling bureaucracy captures rents through collective control over state property and job assignment. The model developed here yields the equilibrium in the 'political labor market,' where the ruling...