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Author: Maurin, Eric
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DiPrete, Thomas A. Maurin, Eric Goux, Dominique Quesnel-Vallée, Amélie |
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Work and Pay in Flexible and Regulated Labor Markets: A Generalized Perspective on Institutional Evolution and Inequality Trends in Europe and the U.S. Presented: San Francisco CA, American Sociological Association Annual Meeting, August 2004 Cohort(s): NLSY79 Publisher: American Sociological Association Keyword(s): Cross-national Analysis; France/Formation et Qualification Professionnelle (FQP) Survey; Labor Market Studies, Geographic; Layoffs; Wages Permission to reprint the abstract has not been received from the publisher. In recent years a “unified theory” has emerged out of labor economics, which argues that a combination of “macroeconomic shocks” and flexible labor market institutions in the U.S. has produced strong upward trends in wage inequality, while these same shocks have produced high unemployment and low employment growth in Europe as a side effect of the wage stability preserved by that continent’s rigid labor market institutions. This paper argues instead that European institutions in fact have evolved their own form of flexibility, which, in combination with the macroeconomic shocks described in the unified theory, have also led to rising inequality in Europe, but of a different form. Inequality of employment security has risen faster in France than in the U.S. Furthermore, trends in the French labor market have led to increased concentration of low-skill workers in these insecure job statues. These results challenge the view that unemployment is the main mechanisms through which European labor markets absorbed asymmetric shocks to their demand for labor. They also challenge the view that Europeans have intolerance for inequality, but instead suggest that the main difference between the two sides of the Atlantic concerns the nature of the inequalities that each society is willing to tolerate. |
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Bibliography Citation
DiPrete, Thomas A., Eric Maurin, Dominique Goux and Amélie Quesnel-Vallée. "Work and Pay in Flexible and Regulated Labor Markets: A Generalized Perspective on Institutional Evolution and Inequality Trends in Europe and the U.S." Presented: San Francisco CA, American Sociological Association Annual Meeting, August 2004. |