Table of Contents:
  • Introduction: does the welfare state hurt employment?
  • Developments in European labor markets: two theoretical perspectives
  • The argument
  • The organization of the study
  • The economic and political consequences of welfare state maturation
  • Labor market institutions and economic performance
  • Labor market institutions and monetary policy
  • A theoretical synthesis: labor market institutions, monetary policies and the welfare state
  • Looking ahead
  • Appendix
  • Equilibrium prices and consumption
  • Derivation of trade unions' optimal wage demands
  • Proofs of comparative statics results
  • Centralization of the wage bargaining system: a comparison with the Calmfors-Driffill approach
  • A quantitative analysis
  • Testing the model: measurement of the central explanatory variables
  • The dependent variable: the employment performance of OECD economies
  • Regression analysis
  • Conclusions
  • Sweden: Policy developments in the immediate postwar years
  • The Rehn-Meidner model
  • Wage and social policy developments of the 1960s
  • Strains on the system: interunion rivalry, 1970-1976
  • Policy developments under conservative governments, 1976-1982
  • The return of the social democrats, 1982-1990
  • The double sacrifice: wage and social policy developments of the 1990s
  • Conclusion
  • Germany: The wage-social policy nexus during the Adenauer-Erhard period, 1950-1966
  • Wage bargaining and social policy developments under the Grand coalition, 1966-1969
  • Wage bargaining and social policy expansion in the Brandt era, 1969-1974
  • Wage bargaining and social policy developments under the social-liberal coalition, 1974-1982
  • The consequences of welfare state maturation: wage and social policy developments, 1982-1990
  • The aftermath of German reunification, 1990-1997
  • Conclusions
  • Britain: Wage developments of the postwar years, 1945-1950
  • Social policy and wage moderation under the conservatives, 1951-1964
  • The Labor government, 1964-1970
  • Conservatives again, 1970-1974
  • The social contract, 1974-1979
  • The conservative attack on the social wage, 1980-1996
  • Welfare state and labor market reforms under New Labour
  • Conclusion
  • Conclusion: new social pacts in contemporary Europe
  • The theoretical argument
  • Implications for the politics of new social pacts.