Journal Article

Complementarities and continuities in the political economy of labour markets in Latin America

Ben Ross Schneider and Sebastian Karcher

in Socio-Economic Review

Published on behalf of Society for the Advancement of Socio-Economics

Volume 8, issue 4, pages 623-651
Published in print October 2010 | ISSN: 1475-1461
Published online September 2010 | e-ISSN: 1475-147X | DOI: http://dx.doi.org/10.1093/ser/mwq022
Complementarities and continuities in the political economy of labour markets in Latin America

More Like This

Show all results sharing these subjects:

  • Moral Philosophy
  • Corporate Social Responsibility
  • Welfare Economics
  • Political Economy
  • Economic Sociology

GO

Show Summary Details

Preview

In a comparative institutional or ‘variety of capitalism’ perspective, the distinctive traits of labour markets in Latin America differ in most respects from labour markets in developed countries. Moreover, there are strong economic complementarities among five core features of labour markets in Latin America: low skill levels, high labour regulation, short job tenure, a large informal sector, and small, politicized unions that lack plant level representation. While numerous and strong, economic complementarities among these five components do not tell the whole story, and we analyse additional political complementarities. This integrated perspective on the economic and political interactions helps explain continuities in labour markets in Latin America and their disappointing response in recent decades to market reform and globalization.

Keywords: economic development; labor market institutions; labor markets; economic systems; institutional complementarity; Latin America; J08 labor economics policies; J24 human capital, skills, occupational choice, labor productivity; O54 economywide country studies, Latin America, Caribbean

Journal Article.  10146 words.  Illustrated.

Subjects: Moral Philosophy ; Corporate Social Responsibility ; Welfare Economics ; Political Economy ; Economic Sociology

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.