Determinants of labour market institutions and their reforms from the perspective of economics and political science

This presented study is an integrative review of 101 journal articles selected from the Web of Science Social Science Citation Index database in the field of economics and political science, focusing on the determinants of the heterogeneity of labour market institutions, both spatial and temporal....

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Main Author: Michał Pilc
Format: Article
Language:English
Published: Adam Mickiewicz University, Poznan 2024-12-01
Series:Ruch Prawniczy, Ekonomiczny i Socjologiczny
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Online Access:https://pressto.amu.edu.pl/index.php/rpeis/article/view/39997
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author Michał Pilc
author_facet Michał Pilc
author_sort Michał Pilc
collection DOAJ
description This presented study is an integrative review of 101 journal articles selected from the Web of Science Social Science Citation Index database in the field of economics and political science, focusing on the determinants of the heterogeneity of labour market institutions, both spatial and temporal. It aims to identify research gaps in the economics literature by comparing it with another social science discipline. The main limitation is found within the mainstream economics, which indicates that labour market institutions are an optimal response of a representative voter to market failures, or the preferred way (by that voter) to redistribute income. The analysis focuses on the spatial heterogeneity of institutions (between countries), with minimal consideration of their temporal evolution. In contrast, political science strongly focuses on selected cases of institutional change, incorporating the preferences and actions of not only voters but also of trade unions, employers’ associations, and political parties. The study concludes that allowing the rational agent to have an impact on the institutional choice through both voting and interest groups would enable mainstream economists to better explain labour market reforms without compromising the discipline’s defining features.
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publisher Adam Mickiewicz University, Poznan
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spelling doaj-art-c49e352df71943a0869d3d6bc1c4b7992025-01-03T08:30:31ZengAdam Mickiewicz University, PoznanRuch Prawniczy, Ekonomiczny i Socjologiczny0035-96292543-91702024-12-0186410.14746/rpeis.2024.86.4.11Determinants of labour market institutions and their reforms from the perspective of economics and political scienceMichał Pilchttps://orcid.org/0000-0002-7990-4584 This presented study is an integrative review of 101 journal articles selected from the Web of Science Social Science Citation Index database in the field of economics and political science, focusing on the determinants of the heterogeneity of labour market institutions, both spatial and temporal. It aims to identify research gaps in the economics literature by comparing it with another social science discipline. The main limitation is found within the mainstream economics, which indicates that labour market institutions are an optimal response of a representative voter to market failures, or the preferred way (by that voter) to redistribute income. The analysis focuses on the spatial heterogeneity of institutions (between countries), with minimal consideration of their temporal evolution. In contrast, political science strongly focuses on selected cases of institutional change, incorporating the preferences and actions of not only voters but also of trade unions, employers’ associations, and political parties. The study concludes that allowing the rational agent to have an impact on the institutional choice through both voting and interest groups would enable mainstream economists to better explain labour market reforms without compromising the discipline’s defining features. https://pressto.amu.edu.pl/index.php/rpeis/article/view/39997labour market institutionseconomic reformsintegrative literature review JEL: D78, J58, P11, P16
spellingShingle Michał Pilc
Determinants of labour market institutions and their reforms from the perspective of economics and political science
Ruch Prawniczy, Ekonomiczny i Socjologiczny
labour market institutions
economic reforms
integrative literature review
JEL: D78, J58, P11, P16
title Determinants of labour market institutions and their reforms from the perspective of economics and political science
title_full Determinants of labour market institutions and their reforms from the perspective of economics and political science
title_fullStr Determinants of labour market institutions and their reforms from the perspective of economics and political science
title_full_unstemmed Determinants of labour market institutions and their reforms from the perspective of economics and political science
title_short Determinants of labour market institutions and their reforms from the perspective of economics and political science
title_sort determinants of labour market institutions and their reforms from the perspective of economics and political science
topic labour market institutions
economic reforms
integrative literature review
JEL: D78, J58, P11, P16
url https://pressto.amu.edu.pl/index.php/rpeis/article/view/39997
work_keys_str_mv AT michałpilc determinantsoflabourmarketinstitutionsandtheirreformsfromtheperspectiveofeconomicsandpoliticalscience