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Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period? This book highlights the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers.
- Sales Rank: #2688062 in Books
- Brand: Brand: Cambridge University Press
- Published on: 2006-02-13
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .67" w x 5.98" l, .95 pounds
- Binding: Paperback
- 290 pages
- Used Book in Good Condition
Review
"There is no doubt at all that this book will change the terms of the debate on the political economy of unemployment. It provides for the first time a simple political economic argument which purports to explain movements of unemployment rates both over time (long periods of time), and across advanced economies. From this perspective it is a huge achievement which Professor Mares manages to make look extremely simple. No other book has tried to explain in a unified way the long term and comparative trends in unemployment. A formidable achievement." David Soskice, Duke University
"The book makes a highly original attempt to account for the secular rise of permanent long-term unemployment in European countries, by incorporating the maturation of the welfare state as an important additional factor in current theories of wage formation. Linking collective bargaining and social policy in a novel way, Mares opens new perspectives on the politics of Social Pacts during the 1990s." Wolfgang Streeck, Max Planck Institute for the Study of Societies
About the Author
Isabela Mares is Assistant Professor of Political Science at Stanford University. She is the author of The Politics of Social Risk: Business and Welfare Development (Cambridge University Press, 2003), which won the Gregory Luebbert Award of the American Political Science Association for best book in comparative politics. Her articles have appeared in International Organization, World Politics, Comparative Political Studies, Politics and Society, Governance, the Journal of Public Policy, Studie Politiczne and various edited volumes.
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