Phelps, E. and Zoega, Gylfi (2013) Corporatism and job satisfaction. Journal of Comparative Economics 41 (1), pp. 35-47. ISSN 0147-5967.
Abstract
We introduce reported job satisfaction as a measure of economic performance and find it positively correlated with GDP per capita and the labor force participation rate in a sample of OECD countries and negatively correlated with unemployment. Moreover, we find that many measures of corporatism, which we define in the wider sense as institutions that hamper with the allocation of the factors of production and the distribution of income in a capitalist economy, are negatively correlated across countries with job satisfaction. Thus job satisfaction is positively correlated across countries with measures of the protection of property rights and negatively correlated with the volume of regulations of credit markets, labor markets and businesses, in addition to barriers to entrepreneurship, corruption and lack of access to capital. In contrast, measures of capitalism, such as the number of listed companies and market capitalization, are positively correlated with job satisfaction.
Metadata
| Item Type: | Article |
|---|---|
| Keyword(s) / Subject(s): | Corporatism, Economic performance, Job satisfaction |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Applied Macroeconomics, Birkbeck Centre for |
| Depositing User: | Administrator |
| Date Deposited: | 21 Jan 2013 10:38 |
| Last Modified: | 02 Aug 2023 17:01 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/5977 |
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