This paper investigates the political support for social assistance policies in a model in which incomes are stochastic (so that welfare policies have an insurance benefit) and unequal ex ante (so that welfare policies have a redistributive effect). With self-interested voting, narrow targeting...

We investigate the effects of the compression of wage differentials through centralized wage-setting in a context where growth depends on the continual reallocation of labor from older, less productive plants to new, more productive plants. We first compare plant-level and centralized wage...

This paper compares the political support for a targeted and a universalistic welfare policy in a model in which incomes are stochastic (so that welfare policies have an insurance benefit) and unequal ex ante (so that welfare policies have a redistributive effect). With self-interested voting,...

The authors investigate the effects of wage compression through centralized collective bargaining when growth depends on the continual reallocation of labor from older, less productive plants to new, more productive plants. They first study the compression of wage differentials that derive from...

The past and future impact of behavioral economics in the field of political economy is assessed. It is argued that politician leaders operate in an intensely competition environment where the framework of rational choice is compelling. In contrast, rational choice is less compelling when...

The eight countries examined in this study—Austria, Belgium, Denmark, Finland, Germany, the Netherlands, Norway, and Sweden—have long been viewed as exemplifying “corporatist†industrial relations systems, in which union coverage is high, unions are influential and...

The eight countries examined in this study-Austria, Belgium, Denmark, Finland, Germany, the Netherlands, Norway, and Sweden-have long been viewed as exemplifying "corporatist" industrial relations systems, in which union coverage is high, unions are influential and commonly have strong ties to...

It is commonly argued that wage-setting is everywhere becoming less centralized due to changes in production, occupational structure, and economic integration. In this paper we present new data on the extent to which wage-setting institutions have changed since 1950 in countries in the northern...