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dc.contributor.authorHeise, Arneen_US
dc.date.accessioned2005-11-29en_US
dc.date.accessioned2009-08-06T11:16:17Z-
dc.date.available2009-08-06T11:16:17Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/27084-
dc.description.abstractThe 'big trade-off', described by Arthur Okun some thirty years ago, is back again. Equality or efficiency, or to put it differently again: modern highly developed economies and societies have to choose between the Scylla of income inequality or the Charybdis of unemployment. Furthermore, it looks like the continental European economies - foremost Germany and France - sided with more egalitarian ends accepting higher unemployment whilst the liberal economies such as the United States and the United Kingdom choose higher inequality for lower unemployment. In this paper it is argued, that the trade-off is not a supply-side necessity to maintain work effort in a situation of incomplete contracts, but is a politico-economic issue of particular interest groups to seek rents. However, unlike in Mancur Olson's seminal approach, it is not the trade unions which are forming distributional coalitions on the labour market but rather the meritoracy which is happy to use Keynesian-type demand management in order to advance their material interests by pursuing a 'Meritocratically Optimal Rate of Unemployment' (MORU).en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. Wirtschaft und Politik Hamburgen_US
dc.relation.ispartofseriesArbeitspapiere für Staatswissenschaft 16en_US
dc.subject.jelE12en_US
dc.subject.jelE24en_US
dc.subject.jelE25en_US
dc.subject.jelP16en_US
dc.subject.jelP51en_US
dc.subject.ddc330en_US
dc.subject.keywordUnemploymenten_US
dc.subject.keywordIncome inequalityen_US
dc.subject.keywordPolitical Economyen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwSozialer Wandelen_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleThe political economy of meritocracy: a post-Kaleckian, post-Olsonian approach to unemployment and income inequality in modern varieties of capitalismen_US
dc.typeWorking Paperen_US
dc.identifier.ppn503614033en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:uhhafs:16-
Appears in Collections:Arbeitspapiere für Staatswissenschaften - Working Papers on Economic Governance, FB Sozialökonomie der Universität Hamburg

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