Work

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

Year: 2010

Type: article

Abstract: 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.

Source: Socio-Economic Review

DOI: 10.1093/ser/mwq022

Authors: Ben Ross Schneider, Sebastian Karcher

Institutions: Massachusetts Institute of Technology, Northwestern University

Language: English

Topic: Employment, Labor, and Gender Studies

Subfield: Industrial relations

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Reduced inequalities

Open Access status: green

OpenAlex ID: W2334590042

FWCI: 33.6

Cites: 86

Cited by: 102

Related to: 10