Economic governance and employment

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The unemployment performance in OECD countries has been divers over the past decades. A growing „Varieties of capitalism“-literature focuses on institutional differences in social welfare, labour market and collective bargaining systems and recommends a curtailment of social provisions and a deregulation of labour markets. This book takes a different approach: market constellations (institutionally embedded macropolicy regimes) are central to divergent employment performances. And the willingness to create pro-employment market constellations depends largely on vested interests of the elites.