Wage Setting, Social Pacts and the Euro

A New Role for the State

Anke Hassel

Anke Hassel

Distributed for Amsterdam University Press

334 pages | 6-1/8 x 9-1/4
Paper $60.50 ISBN: 9789053569191 Published February 2007 For sale only in the United States, its dependencies, the Philippines, and Canada
Politicians, economists, and social theorists tend to agree that globalization and neo-liberal economic policy have contributed to the decline of the social compacts underlying traditional European welfare states. Recently, however, social pacts have demonstrated an impressive resurgence, as governments across Europe facing necessary economic policy adjustments have chosen to view trade unions as vital negotiating partners rather than adversaries. Wage Setting, Social Pacts, and the Euro offers a theoretical understanding of the forces that have led to this new understanding, and of the challenges that increasing monetary integration will continue to pose.
Figures and Tables
1. The Political Economy of Adjustment in Europe
2. Governments and Wages - A Theoretical Framework
3. Policy Options and Institutions: How Governments Respond
4. Striving for Conservatism: The Shift in Monetary Regimes
5. The Politics of Government Intervention
6. The Responsiveness of Wage Bargaining Institutions
7. The Interaction between Wage Bargaining Institutions and Government Intervention
8. Negotiated Adjustment - A European Approach
Index of Names
Index of Subjects
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