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This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Some countries especially in continental Europe exhibit a corporatist politicoeconomic equilibrium with a sustantial protection of insiders on...
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-öffentlichen Unternehmensorganisation, eine spezifische Variante des Korporatismus in den Arbeitsbeziehungen sowie eine strikte Regulierung der Geld- und … political dirigisme, particular forms of competition and private-public company organization, a specific variant of corporatism …-prone process of globalization. …
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Reputation indexes of employment protection have proven popular constructs in studies of the covariation of labor market institutions and macroeconomic outcomes. Portugal occupies an unenviable rank order in such measures of the stringency of employment protection. We critique this reputation in...
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