Wage-Setting Measures: A Survey and Assessment

2001 ◽  
Vol 54 (1) ◽  
pp. 57-98 ◽  
Author(s):  
Lane Kenworthy
Keyword(s):  
Political Economy ◽  
Comparative Political Economy ◽  
Wage Setting ◽  
The Past ◽  
Measurement Strategy ◽  
Time Periods ◽  
Wage Coordination

Wage setting has been one of the most heavily studied institutions in the field of comparative political economy over the past two decades, and quantitative measures of wage-setting arrangements have played a major role in this research. Yet the proliferation of such measures in recent years presents researchers with a sizable array from which to choose. In addition, some scholars are rather skeptical about the validity and/or reliability of these measures. This article offers a survey and assessment of fifteen wage-setting measures. It attempts to answer questions about (1) how these indicators differ from one another in conceptualization and measurement strategy; (2) which are the most valid and reliable; (3) the strengths and weaknesses of measures of wage centralization versus those of wage coordination; (4) particular countries or time periods for which there are noteworthy discrepancies in scoring; (5) how sensitive empirical findings are to the choice of wage-setting measure.

scholarly journals Thinking about Thinking about Comparative Political Economy: From Macro to Micro and Back

2018 ◽  
Vol 47 (1) ◽  
pp. 23-54 ◽  
Author(s):  
Herman Mark Schwartz ◽  
Bent Sofus Tranøy
Keyword(s):  
Political Economy ◽  
Research Agenda ◽  
Political Legitimacy ◽  
Supply Side ◽  
Demand Side ◽  
Comparative Political Economy ◽  
Current Crisis ◽  
The Past ◽  
Financial Bubble ◽  
Central Economic

How and why did comparative political economy (CPE) lose sight of the sources of growing macroeconomic and political instability, a problem that encompassed a growing financial bubble and then a crash in the housing market, a period of sluggish growth that plausibly constitutes secular stagnation, and a crisis of political legitimacy manifesting itself in the rise of antisystem “populist” parties? A gradual shift in CPE’s research agenda from macroeconomic to microeconomic concerns, and from demand-side to supply-side explanations, diminished its ability to analyze adequately the central economic and political problems of the past twenty years. This article traces CPE’s evolution through successive “supermodels” that constituted its core research foci. To understand the current crisis, CPE needs to revisit and update its original roots in Keynes, macroeconomics, and the demand side. This shift is already happening at the margins, as CPE scholars struggle to understand the current crisis.

The Political Economy of Local Governance in Yemen

2020 ◽  
Vol 13 (4) ◽  
pp. 45-69
Author(s):  
Benoit Challand ◽  
Joshua Rogers
Keyword(s):  
Political Economy ◽  
Political Culture ◽  
Local Governance ◽  
Local Development ◽  
The Political ◽  
The Past ◽  
Strong State ◽  
Self Help ◽  
Local Initiatives ◽  
Self Rule

This paper provides an historical exploration of local governance in Yemen across the past sixty years. It highlights the presence of a strong tradition of local self-rule, self-help, and participation “from below” as well as the presence of a rival, official, political culture upheld by central elites that celebrates centralization and the strong state. Shifts in the predominance of one or the other tendency have coincided with shifts in the political economy of the Yemeni state(s). When it favored the local, central rulers were compelled to give space to local initiatives and Yemen experienced moments of political participation and local development.

ON THE NEED TO COLLECT, PRESERVE AND STUDY DISAPPEARED NAMES OF SETTLEMENTS

2020 ◽  
pp. 187-192
Author(s):  
S.A. Popov
Keyword(s):  
Cultural Heritage ◽  
Russian Federation ◽  
Historical Memory ◽  
Comprehensive Analysis ◽  
Local History ◽  
The Past ◽  
Cultural Systems ◽  
The Russian Federation ◽  
Time Periods ◽  
The Disappeared

The article deals with the problem of collecting, preserving and researching the disappeared names of localities in the subjects of the Russian Federation, which for centuries have become an integral part of the historical and cultural heritage of the peoples of our country. The author believes that only a comprehensive analysis of the past oikonyms in nominational, lexical-semantic, historical-cultural, historical-ethnographic, local history aspects will restore the linguistic and cultural systems of different time periods in different microareals of the Russian Federation. The author comes to the conclusion that in order to preserve the historical memory of the disappeared names of geographical objects, local researchers need the support of regional state authorities and local self-government.

The Anarchical Society and a Global Political Economy

2017 ◽  
Author(s):  
Louis W. Pauly
Keyword(s):  
Political Economy ◽  
Financial Risks ◽  
Empirical Observation ◽  
The Past ◽  
Economic Forces ◽  
Famous Book ◽  
Economic Ideology ◽  
Hedley Bull ◽  
Systemic Crises ◽  
Complex Capacity

If Hedley Bull came back today and revised his most famous book, he would likely devote a chapter to the economic forces that transformed our world during the past four decades. Among other systemic changes, the radical unleashing of finance and the partial return of a pre-1914 economic ideology justifying open and integrating capital markets might surprise an advocate of the virtues of the states system. But by following Bull’s reasoning, his model of empirical observation, and his underlying moral sensibilities—as well as suggestions from his constructive critics—this essay traces the emergence since the late 1970s of a variegated global capacity to assess systemic financial risks, design collaborative policies to prevent systemic crises, and manage them when they nevertheless occur. The challenge of deeply legitimating that nuanced and complex capacity remains, which, as Bull anticipated, means that considerations of justice must soon be addressed.

Mapping Power

2018 ◽  
Keyword(s):  
Political Economy ◽  
Comprehensive Analysis ◽  
Electricity Sector ◽  
Operational Performance ◽  
The Political ◽  
Government Reform ◽  
High Quality ◽  
The Past ◽  
Economic Forces ◽  
Political Economy Analysis

Electricity is critical to enabling India’s economic growth and providing a better future for its citizens. In spite of several decades of reform, the Indian electricity sector is unable to provide high-quality and affordable electricity for all, and grapples with the challenge of poor financial and operational performance. To understand why, Mapping Power provides the most comprehensive analysis of the political economy of electricity in India’s states. With chapters on fifteen states by scholars of state politics and electricity, this volume maps the political and economic forces that constrain and shape decisions in electricity distribute on. Contrary to conventional wisdom, it concludes that attempts to depoliticize the sector are misplaced and could worsen outcomes. Instead, it suggests that a historically grounded political economy analysis helps understand the past and devise reforms to simultaneously improve sectoral outcomes and generate political rewards. These arguments have implications for the challenges facing India’s electricity future, including providing electricity to all, implementing government reform schemes, and successfully managing the rise of renewable energy.

Comparative Political Economy

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Political Institutions ◽  
International Political Economy ◽  
Adam Smith ◽  
Industrial Relations ◽  
Welfare States ◽  
Comparative Political Economy ◽  
Technological Parameters ◽  
Private Debt

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.

scholarly journals Skill-Biased Liberalization: Germany’s Transition to the Knowledge Economy

2021 ◽  
pp. 003232922110065
Author(s):  
Sebastian Diessner ◽  
Niccolo Durazzi ◽  
David Hope
Keyword(s):  
Political Economy ◽  
Social Protection ◽  
Industrial Relations ◽  
Information And Communications Technology ◽  
Comparative Political Economy ◽  
Skilled Workers ◽  
Theoretical Frameworks ◽  
Exporting Firms ◽  
Alternative Perspective ◽  
Elite Interviews

This article conceptualizes the evolution of the German political economy as the codevelopment of technological and institutional change. The notion of skill-biased liberalization is introduced to capture this process and contrasted with the two dominant theoretical frameworks employed in contemporary comparative political economy scholarship—dualization and liberalization. Integrating theories from labor economics, the article argues that the increasing centrality of high skills complementary in production to information and communications technology has weakened the traditional complementarity among specific skills, regulated industrial relations, and generous social protection in core sectors. The liberalization of industrial relations and social protection is shown in fact to be instrumental for high-end exporting firms to concentrate wages and benefits on increasingly important high-skilled workers. Strong evidence based on descriptive statistics, union and industry documents, and twenty-one elite interviews is found in support of the article’s alternative perspective.

The Political Economy of Post-Independence India—A Review Article

1989 ◽  
Vol 48 (4) ◽  
pp. 787-797 ◽  
Author(s):  
Akhil Gupta
Keyword(s):  
Political Economy ◽  
Central Government ◽  
Organizational Structures ◽  
The State ◽  
The Political ◽  
Newly Industrialized Countries ◽  
The Past ◽  
Nation States ◽  
Balance Of Forces ◽  
The Third World

Economists and political scientists have become increasingly interested in the political economy of India during the past decade and particularly during the past three or four years. The titles under review will be valuable not only to India specialists but also to comparative scholars because of the intriguing mix of conditions found in India. More like a continent than a country in its diversity, India is in some ways very similar to densely populated, predominantly rural and agricultural China, differing most perhaps in the obstinacy and depth of its poverty. In the predominant role played by the state within an essentially capitalist economy, it is closer to the model of Western social democracies than it is to either prominently ideological capitalist or socialist nation-states; like other countries in the “third world,” the state in India plays a highly interventionist developmental role. Finally, since Independence it has pursued, more successfully than most nation-states in Latin America and Asia, policies of importsubstituting industrialization and relative autarchy. In terms of its political structures, India differs from most newly industrialized countries (NICs) in that it generally continues to function as a parliamentary democracy. The federal political system creates an intriguing balance of forces between central and the regional state governments, which are often ruled by opposition parties with agendas, ideologies, and organizational structures quite different from those of the central government.

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