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The authors present important research showing that corporatist institutions generate smaller non-competitive wage differentials than a decentralized system. A theoretical explanation is developed based on the hold-up problem in investments, arguing that corporatist institutions solve the problem by specifying ex ante nominal contracts that remove the necessity of ex post bargaining over the surplus of an employment relationship. The authors also argue that such institutions allow sufficient flexibility to accommodate aggregate shocks, even more so than decentralized systems. Corporatism or Competition? is the first book to bring together the mass of research on comparative wage differences, wage movements and employment behaviour in different countries with different institutional frameworks, in an organized and coherent fashion.

Labour economics --- Wages --- Labor contract --- Comparative industrial relations --- #SBIB:316.334.2A440 --- 331.22 --- 331.5 --- Industrial relations --- Employment contract --- Contracts --- Hire --- Labor laws and legislation --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Arbeidssociologie: het strategisch optreden van de partijen in de collectieve arbeidsverhoudingen: algemeen --- Beloning. Loonsystemen. Weddeschalen. Weddeverhogingen. Annuiteiten. Loonindexering --- Arbeidsmarkt. Werkgelegenheid --(algemeen) --- Law and legislation --- Comparative industrial relations. --- Labor contract. --- Wages. --- 331.5 Arbeidsmarkt. Werkgelegenheid --(algemeen) --- 331.22 Beloning. Loonsystemen. Weddeschalen. Weddeverhogingen. Annuiteiten. Loonindexering --- Business, Economy and Management --- Economics

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Leaders are the ones who run head first into the unknown. They rush towards the danger. They put their own interests aside to protect us or to pull us into the future. Leaders would sooner sacrifice what is theirs to save what is ours. And they would never sacrifice what is ours to save what is theirs. This is what it means to be a leader. It means they choose to go first into danger, head first toward the unknown. And when we feel sure they will keep us safe, we will march behind them and work tirelessly to see their visions come to life, and proudly call ourselves their followers. Are you a leader? (flaptekst)

65.012.4 --- Management leidinggeven leiderschap coachen motivatie motiveren beloning belonen gedrag samenwerken --- Management. Directorate. Technique and methods of management. --- Leadership. --- Teams in the workplace. --- Corporate culture. --- Educational change. --- 65.012.4 Management. Directorate. Technique and methods of management --- Management. Directorate. Technique and methods of management --- Leadership --- Organization theory --- onderwijs --- leiderschap --- Organizational Culture. --- Groupes de travail. --- Culture d'entreprise --- leidinggeven