The Political Economy of Labour Market Institutions, by Saint-Paul, Gilles
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- ISBN: 9780198293323 | 0198293321
- Cover: Hardcover
- Copyright: 11/30/2000
The book ascribes a central role to the existence of underlying microeconomic frictions and to redistributive pressures between rich and poor, and shows how these ingredients may give rise to labour market rents, which in turn explain why a coherent set of rigidities arise as the outcome of the political process.