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Job quality and institutional investors: Evidence in 17 OECD countries, 1993-2017 工作质量与机构投资者:1993-2017 年 17 个经合组织国家的证据
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-09-18 DOI: 10.1177/09596801241285235
Thibault Darcillon, Yasmine Mohamed
This article investigates the relationship between the share of assets held by different institutional investors as a proportion of GDP and a synthetic index of job quality in 17 OECD countries from 1993 to 2017. Our first contribution is to provide a new, multidimensional composite indicator of job quality based only on objective dimensions. According to this measure, a continuous decline in job quality is observed in many OECD countries. Second, the emergence of institutional investors as central financial actors since the 1980s has significantly affected labour relations. In this regard, we argue that the increasing influence of institutional investors through their effects on wages and jobs is associated with a lower level of job quality. Using fixed-effects OLS and IV regressions, we find little support that the share of asset holdings by institutional investors is correlated with a lower level of job quality, mainly due to the small magnitude of the coefficient estimates. Finally, we find that the job quality-reducing effect of the share of assets held by institutional investors is more pronounced in countries that have experienced a decline in union bargaining power, again with a small magnitude of our different estimates.
本文研究了 1993 至 2017 年间 17 个经合组织国家中不同机构投资者持有的资产占 GDP 的比例与就业质量合成指数之间的关系。我们的第一个贡献是提供了一个仅基于客观维度的新的、多维度的工作质量综合指标。根据这一指标,许多经合组织国家的就业质量持续下降。其次,自 20 世纪 80 年代以来,机构投资者作为核心金融参与者的出现极大地影响了劳资关系。在这方面,我们认为,机构投资者通过对工资和工作岗位的影响而不断增强的影响力与较低的工作质量水平相关。通过使用固定效应 OLS 和 IV 回归,我们发现机构投资者持有的资产份额与较低的工作质量水平之间几乎没有关联,这主要是由于系数估计值较小。最后,我们发现,在工会谈判能力下降的国家,机构投资者所持资产份额对就业质量的降低效应更为明显,但我们的不同估计值的幅度同样较小。
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引用次数: 0
Job mobility, reallocation and wage growth: A tale of two countries 工作岗位流动、重新分配和工资增长:两个国家的故事
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-09-06 DOI: 10.1177/09596801241278135
Alexander Hijzen, Mats Lillehagen, Wouter Zwysen
Job reallocation is a key driver of aggregate wage growth, but its role in different economic systems remains understudied. This paper takes a comparative view and analyses the role of job mobility in job reallocation and aggregate wage growth in Norway, comparing it to published results for the United States. The results show first that, as expected, overall job mobility is much lower in Norway compared to the United States, likely reflecting the compressed wage distribution. However, the speed of job reallocation from low-wage to high-wage firms is similar to or even higher than in the United States. Second, in both Norway and the United States, the process of job reallocation is strongly pro-cyclical. This is entirely driven by the pro-cyclical nature of net job-to-job mobility from low- to high-wage firms. Third, for Norway, the bulk of aggregate wage growth reflects on-the job wage growth, while its cyclicality is largely driven by net job-to-job mobility from low to high-wage firms. This paper shows that reallocation is not necessarily less efficient in more egalitarian societies with lower mobility and different wage structures.
工作重新分配是工资总额增长的主要驱动力,但其在不同经济体系中的作用仍未得到充分研究。本文从比较的角度出发,分析了挪威工作岗位流动性在工作岗位重新配置和工资总额增长中的作用,并将其与美国已公布的结果进行了比较。结果表明,首先,正如预期的那样,与美国相比,挪威的整体工作流动性要低得多,这可能反映了工资分配的压缩。然而,从低工资企业到高工资企业的工作岗位重新分配速度与美国相似,甚至高于美国。其次,挪威和美国的工作岗位重新分配过程都具有强烈的顺周期性。这完全是由于从低工资企业向高工资企业的净就业岗位流动具有顺周期性。第三,就挪威而言,工资总额增长的大部分反映了在职工资增长,而其周期性主要是由从低工资企业向高工资企业的净职位间流动所驱动的。本文表明,在流动性较低、工资结构不同的较平等社会中,重新分配的效率不一定较低。
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引用次数: 0
Changing labour migration flows after Brexit: An analysis of UK survey and administrative data 英国脱欧后劳动力迁移流的变化:英国调查和行政数据分析
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-08-02 DOI: 10.1177/09596801241268291
Alessandro Cusimano, Chiara Paola Donegani, Stephen McKay
Following ‘Brexit’, the UK leaving the EU, we analyse the effects of changes in the legal framework on EU residents and compare them with UK citizens, employing a difference-in-differences framework. The research focuses on several dependent variables, including labour supply and wages, self-employment rates, and changes in industry, using the Annual Population Survey (APS) data 2012−2022 in the UK (itself based on the Labour Force Survey (LFS)), National Insurance Number registrations, and visas issued. The evidence from our analysis on EU post-Brexit migration towards the UK, together with the observed overall increase in rates of (non-EU) net migration, shows rebalancing between EU and non-EU groups. Effects are strongest at the lower-skilled end of the labour market. However, wages for UK natives and EU migrants did not change with respect to each other, controlling for occupation, industry, and other factors.
英国 "脱欧 "后,我们采用差异框架分析了法律框架变化对欧盟居民的影响,并将其与英国公民进行比较。研究侧重于几个因变量,包括劳动力供应和工资、自雇率和行业变化,使用的是英国 2012-2022 年年度人口调查(APS)数据(该数据本身基于劳动力调查(LFS))、国家保险号码登记和签发的签证。我们对英国脱欧后欧盟向英国移民情况的分析,以及观察到的(非欧盟)净移民率的总体增长,显示了欧盟和非欧盟群体之间的再平衡。对劳动力市场低技能群体的影响最大。然而,在控制了职业、行业和其他因素后,英国本地人和欧盟移民的工资并没有发生变化。
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引用次数: 0
Job tenure in Western Europe, 1993–2021: Decline or stability? 1993-2021 年西欧的工作年限:下降还是稳定?
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-07-26 DOI: 10.1177/09596801241268144
Kimberly Goulart, Daniel Oesch
The empirical literature is divided on whether job tenure has declined or remained stable in Europe in recent decades. We argue that three analytical decisions explain the lack of consensus: whether researchers focus on men or women, whether they control for changes in labour market composition and whether the period under study is marked by a recession or a boom. We show the influence of these three decisions by analysing change in job tenure for France, Germany, Italy, Poland, Spain and the UK using two leading surveys: the European Labour Force Survey 1993–2021 and the European Working Conditions Survey 1995–2021. The results show that the share of workers remaining with the same employer for 10 years or more was stable at around 50%. Similarly, the average job tenure remained constant over time – at about 11 years – between 1993 and 2021. Trends in job tenure differ by gender. While the tenure of men remained stable or declined, the tenure of women increased. The stability in job tenure was due to the ageing of the workforce. For a given age, job tenure was shorter in the early 2020s than in the early 1990s.
近几十年来,欧洲的工作年限是下降了还是保持稳定,实证文献对此众说纷纭。我们认为,有三个分析决定解释了为何缺乏共识:研究人员关注的是男性还是女性,是否控制了劳动力市场构成的变化,以及所研究的时期是经济衰退还是经济繁荣。我们利用两项主要调查:《1993-2021 年欧洲劳动力调查》和《1995-2021 年欧洲工作条件调查》,分析了法国、德国、意大利、波兰、西班牙和英国的工作任期变化,从而展示了这三个决策的影响。结果显示,为同一雇主工作 10 年或以上的工人比例稳定在 50%左右。同样,1993 年至 2021 年期间,平均工作年限保持不变,约为 11 年。工作年限的趋势因性别而异。男性的工作任期保持稳定或有所下降,而女性的工作任期则有所上升。工作任期的稳定是由于劳动力的老龄化。就特定年龄而言,2020 年代初的工作任期短于 1990 年代初。
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引用次数: 0
Strategic labour inspection in fissured workplaces and transnational employment relations: Lessons from co-enforcement approaches and transgovernmental cooperation 裂变工作场所和跨国雇佣关系中的战略性劳动监察:共同执法方法和跨政府合作的经验教训
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-07-24 DOI: 10.1177/09596801241267115
Bettina Haidinger, Nathan Lillie, Pablo Sanz de Miguel, Sanna Saksela-Bergholm, Juan Arasanz
This paper examines strategic enforcement approaches relying on co-enforcement and transgovernmentalist. It examines three cases in the construction industry in Austria, Asturias (Spain), and Poland, as well as three cases in maritime shipping in Finland, Spain, and Poland, focussing on Labour Inspection’s (LI)s motivations for engaging in co-enforcement and transnational cooperation. Data collection involved desk research, semi-structured interviews (39 construction and 14 in maritime), observation of inspections, and participant observation in EU seminars we organised together with regulatory actors (specific details are provided in the appendix). Findings show that LI’s selection of co-enforcement and transnational alliances are driven by the specific and highly contingent challenges each organisation faces. LI organisations are seeking to exploit synergies, but both the material reality and perception of these depends on diverse pre-existing infrastructures and organisation-specific assets.
本文研究了依靠共同执法和跨政府主义的战略执法方法。它研究了奥地利、阿斯图里亚斯(西班牙)和波兰建筑业的三个案例,以及芬兰、西班牙和波兰海运业的三个案例,重点关注劳动监察部门(LI)参与共同执法和跨国合作的动机。数据收集包括案头研究、半结构式访谈(39 个建筑业案例和 14 个海运业案例)、视察观察,以及在我们与监管参与者共同组织的欧盟研讨会上的参与观察(具体细节见附录)。调查结果表明,国际自由贸易区选择共同执法和跨国联盟的驱动力来自于每个组织所面临的具体且高度偶然的挑战。国际自由主义组织正在寻求利用协同效应,但这些协同效应的物质现实和感知都取决于各种预先存在的基础设施和组织特有的资产。
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引用次数: 0
Restructuring regimes in and between two crises: A comparison of Sweden and the UK 两次危机中和两次危机之间的制度重组:瑞典与英国的比较
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-07-21 DOI: 10.1177/09596801241267113
Roland Ahlstrand, Christopher J McLachlan, Robert MacKenzie, Alexis Rydell, Mark Stuart
This paper compares responses to crises through analysis of labour market policy in Sweden and the UK between the Global Financial Crisis to the COVID-19 pandemic. In drawing on ‘restructuring regimes’, we offer insights into the dynamics of change in the two countries, focussing on the development of short-time working schemes. We argue that Sweden learned lessons from the GFC that helped prepare for future crises, whereas the UK’s muted response left it ill-prepared for the COVID-19 crisis. The paper contributes to debates around restructuring regimes through an analysis of the journey between two crises in which we characterise Sweden’s approach as proactive and pre-emptive and the UK’s as reactive and ad hoc. By locating analysis in traditions of self-regulation and voluntarism in Sweden and the UK, respectively, we expand upon the role that industrial relations play in maintaining the stability, or not, of national restructuring regimes.
本文通过分析从全球金融危机到 COVID-19 大流行期间瑞典和英国的劳动力市场政策,比较了两国对危机的应对措施。通过借鉴 "重组制度",我们对这两个国家的变革动态提出了见解,重点关注短期工作计划的发展。我们认为,瑞典从全球金融危机中汲取的经验教训有助于为未来的危机做好准备,而英国的反应迟缓则使其对 COVID-19 危机准备不足。本文通过分析两次危机之间的历程,将瑞典的方法描述为积极主动、先发制人,而英国的方法则是被动反应、临时应对,从而为有关重组制度的讨论做出贡献。通过分别对瑞典和英国的自我调节和自愿主义传统进行分析,我们拓展了劳资关系在维护国家重组制度的稳定性或不稳定性方面所扮演的角色。
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引用次数: 0
Unionization of retired workers in Europe 欧洲退休工人的工会化
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-05-28 DOI: 10.1177/09596801241253570
Vinzenz Pyka, Claus Schnabel
We shed light on an understudied group: retirees in unions. Using representative individual-level data of 19 European countries, we find that the share of retirees in unions and the union density of retirees increased between 2008 and 2020. Econometric analyses indicate that on average retired workers’ probability of union membership is 17 percentage points lower than that of active workers, with some variation among countries. This finding is consistent with social custom models and cost–benefit considerations, but it partly questions the inter-generational solidarity model put forward in the literature. We further find that some determinants of union membership differ between active and retired workers; for instance, the (former) status of being a full-time or blue-collar worker is only statistically significant for active but not for retired workers. Overall, standard membership models better explain the unionization of active than retired workers.
我们揭示了一个研究不足的群体:工会中的退休人员。利用 19 个欧洲国家具有代表性的个人层面数据,我们发现 2008 年至 2020 年间,退休人员加入工会的比例和退休人员的工会密度都有所上升。计量经济学分析表明,退休工人加入工会的概率平均比在职工人低 17 个百分点,但各国之间存在一定差异。这一发现符合社会习惯模型和成本效益考虑,但也部分质疑了文献中提出的代际团结模型。我们进一步发现,在职工人和退休工人加入工会的一些决定因素有所不同;例如,全职或蓝领工人(前)身份只对在职工人有统计意义,而对退休工人则没有。总体而言,标准会员模型能更好地解释在职工人而非退休工人加入工会的情况。
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引用次数: 0
Transnational trade union strategies in the context of market integration: The case of company union clubs in the Nordic finance sector 市场一体化背景下的跨国工会战略:北欧金融业公司工会俱乐部案例
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-02-22 DOI: 10.1177/09596801241235312
Raoul Gebert
The creation of a common European market for financial services has significantly altered the strategic edifice for banks, as well as for the trade unions representing their employees. In the Nordic countries, where regulation of the labour market has long relied on multiemployer bargaining and strong sector-level actors, this has led to a strategic realignment. Faced with mergers and acquisitions, the potential for delocalization and an increasing amount of directly applicable EU-regulation in the sector, Nordic finance trade unions have supported the creation of company-level trade union alliances within MNCs, while still building upon resources and repertoires stemming from Nordic ‘comparative institutional advantage’. Our ‘extended case study’ of three such alliances in the finance sector, called ‘Nordic company clubs’, concludes that, while trade unions there still benefit from strong, typically Nordic institutional and associational power resources, important actor-centred variables and capabilities such as narratives, scaling, resourcefulness and institutional experimentation complement and strengthen our understanding of trade union strategies and institutional change in the context of market integration.
欧洲金融服务共同市场的建立极大地改变了银行以及代表其雇员的工会的战略结构。在北欧国家,劳动力市场的监管长期以来一直依赖于多雇主谈判和强大的部门级参与者,这导致了战略调整。面对兼并和收购、潜在的非本地化以及该行业直接适用的欧盟法规日益增多的情况,北欧金融工会支持在跨国公司内部建立公司级工会联盟,同时仍以北欧 "比较制度优势 "所产生的资源和惯例为基础。我们对金融行业的三个此类联盟(称为 "北欧公司俱乐部")进行了 "扩展案例研究",得出结论认为,虽然这些行业的工会仍然受益于强大的、典型的北欧制度和协会权力资源,但以行为者为中心的重要变量和能力,如叙事、规模、足智多谋和制度实验,补充并加强了我们对市场一体化背景下工会战略和制度变革的理解。
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引用次数: 0
Is labour migration disrupting dual vocational education and training systems? Empirical evidence from the Danish and Norwegian construction sectors 劳动力迁移是否破坏了双重职业教育和培训体系?丹麦和挪威建筑业的经验证据
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-01-08 DOI: 10.1177/09596801231226244
Jens Arnholtz, Ståle Østhus
This article studies how labour migration affects dual vocational education and training (VET) systems. We argue that because dual VET systems rely on employers engaging in training, an alternative source of labour – such as labour migrants – may make employers less likely to train, especially when pressure on industrial relations institutions makes it possible for employers to use migrant labour as low-wage labour. Drawing on linked employer-employee register data from Denmark and Norway, we us logistic and Poisson regression to analyse whether changes in the level of labour migration in regional subsectors of the construction sector in these two countries affects firms’ hiring of apprentices. We find that despite dissimilar developments in the labour migration level, these levels nonetheless correlate with the intake of apprentices in both countries. The results suggest that labour migration into countries with dual VET systems may have long-term effects on their skill formation systems.
本文研究了劳动力迁移如何影响双重职业教育与培训(VET)体系。我们认为,由于双元制职业教育与培训体系依赖于雇主参与培训,替代劳动力来源(如劳动力移民)可能会降低雇主进行培训的可能性,尤其是当劳资关系机构的压力使得雇主有可能将移民劳动力作为低工资劳动力使用时。利用丹麦和挪威的雇主-雇员关联登记数据,我们采用逻辑回归和泊松回归分析了这两个国家建筑业地区分部门劳动力迁移水平的变化是否会影响企业对学徒的雇用。我们发现,尽管两国的劳动力迁移水平发展不尽相同,但这些水平仍与学徒的招收情况相关。结果表明,劳动力迁移到拥有双重职业教育与培训体系的国家可能会对其技能培养体系产生长期影响。
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引用次数: 0
Discounted prices, discounted respect? The influence of cultural norms on freelance contract relations in England and Taiwan 打折的价格,打折的尊重?英国和台湾的文化规范对自由职业者合同关系的影响
IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR Pub Date : 2024-01-05 DOI: 10.1177/09596801231224480
Yiluyi Zeng
Freelance contract relations are culturally embedded social relations. The article compares England and Taiwan due to their distinct social norms and concepts of trust for those in contractual relationships, and explores the cultural differences manifested in freelance contract relations. Based on 32 interviews with freelancers in Taiwan and 36 interviews in England, the findings suggest that freelancers’ contract negotiation and tolerance of violation are culturally dependent. In Taiwan, contract relations in general tend to be conflated with interpersonal relations associated with affect and reciprocity, but in freelance contracts, the responsibility for maintaining relations and demonstrating trustworthiness seems to fall on freelancers, who feel obliged to extend favours by compromising their own interests. In England, contract relations are associated with moral equality and the need to remain credible by fulfilling agreements; as such, contracting parties have lower expectations of the other to compromise, and deviations from fulfilling mutual obligations are limited compared to Taiwan.
自由职业合同关系是一种文化嵌入式社会关系。由于英国和台湾的社会规范和契约关系中的信任概念各不相同,文章对这两个国家进行了比较,并探讨了自由职业者契约关系中表现出的文化差异。根据对台湾自由职业者的 32 次访谈和对英国自由职业者的 36 次访谈,研究结果表明,自由职业者的合同谈判和违约容忍度与文化有关。在台湾,一般来说,合同关系往往与与情感和互惠相关的人际关系混为一谈,但在自由职业者的合同中,维护关系和展示可信度的责任似乎落在了自由职业者身上,他们认为有义务通过损害自身利益来施以恩惠。在英国,合同关系与道德平等和通过履行协议保持可信度的需要相关联;因此,合同双方对对方妥协的期望较低,与台湾相比,偏离履行相互义务的情况有限。
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引用次数: 0
期刊
European Journal of Industrial Relations
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