Paper $55.95 ISBN: 9789053567555 Published August 2005 For sale only in the United States, its dependencies, the Philippines, and Canada

Employment 'Miracles'

A Critical Comparison of the Dutch, Scandinavian, Swiss, Australian and Irish Cases versus Germany and the US

Edited by Uwe Becker and Herman Schwartz

Employment 'Miracles'
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Edited by Uwe Becker and Herman Schwartz

Distributed for Amsterdam University Press

288 pages | 6-1/4 x 9-1/4 | © 2005
Paper $55.95 ISBN: 9789053567555 Published August 2005 For sale only in the United States, its dependencies, the Philippines, and Canada
Why did some economies experience a boom in the 1990s? Discussing this crucial question, Employment 'Miracles' comparatively analyzes select "miracle" economies. The contributors critically analyze how the small sizes and institutional structures of seven countries—including the Netherlands, Denmark, and Ireland—accounted for their success and their status as economic models. Comparisons to the American and German markets reveal how differing policies—liberal versus corporatist/social democratic—determine job growth and levels of income inequality and poverty. The book also stresses the relevance of fortuitous circumstances such as the housing-price bubble. Employment 'Miracles' is an important resource for political scientists and economists in their study of national economies.
1. Introduction: Miracles, Mirages and Markets
Herman Schwartz and Uwe Becker
Luck, pluck and stuck in the employment miracles
Globalisation and the miracles
A specific (corporatist) variety of capitalism?
What the chapters say
2. The Dutch Model: Magic in a Flat Landscape?
Wiemer Salverda
Labour market performance
Economic performance
Social outcomes
Policies, the model and the results
Conclusion: luck, pluck or stuck?
3. Employment and Unemployment in Denmark and Sweden: Success or Failure for the Universal Welfare Model?
Christoffer Green-Pedersen and Anders Lindbom
Employment and unemployment: what happened?
Unemployment and employment policies
Policies and outcome—Is there a link?
4. The Evolution of the Finnish Model in the 1990s: From Depression to High-Tech Boom
Jaakko Kiander
The background of the Finnish miracle: the economic crisis of the 1990s
Political response to the crisis
The recovery and the Finnish 'miracle'
Structural issues: welfare state and labour market institutions
The Nordic welfare state: Good to economic growth?
Labour market institutions and corporatism
5. The Swiss Miracle: Low growth and high employment
François Xavier Merrien and Uwe Becker
Corporatism in a fragmented polity
A coordinated market economy?
Recent developments
Economic and labour market development
Disentangling the Swiss 'miracle'
An expanding welfare system
6. Recasting the Story of Ireland's Miracle: Policy, Politics, or Profit?
Mary Daly
The constituents of economic growth and development
Possible explanations
The costs: sustainability?
The significance of the Irish case
7. The Australian Miracle: Luck, Pluck or Being Stuck Down Under?
Herman Schwartz
Exports and the current account balance
Employment and collective bargaining
Fiscal balance
8. Last Year's Model? Reflections on the American Model of Employment Growth
Cathie Jo Martin
An American success story
The American model
Limits to the liberal market economy model
9. The German Contrast. On Bad Comparisons, Special Circumstances, Luck and Policies That Turned Out to Be Wrong
Uwe Becker
'Germany isn't working'
The German economy in comparison
A bad employment record because of labour market and welfare rigidities?
Accidental circumstances: housing bubble versus unification
On strong German regions
Prospects and possible lessons from the 'model cases'
10. Conclusion: The Importance of Lucky Circumstances, and Still the Liberal-Social Democratic Divide
Uwe Becker and Herman Schwartz
In sum
Recent developments and prospects
What is to be learned?
'Competitive Corporatism'?
Still the liberal-social democratic divide
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