Excerpt

Civil society and the state: The interplay between cooperation and minimum wage regulation. Philippe Aghion, April 30, 2009, Paper. "In a cross-section of countries, state regulation of labor markets is strongly negatively correlated with the quality of labor relations. In this paper, we argue that these facts reflect different ways to regulate labor markets, either through the state or through the civil society, depending on the degree of cooperation in the economy. We rationalize these facts with a model of learning of..." Link