27 May 2012

How to Study Contemporary Capitalism?

Wolfgang Streeck (2012).


The paper argues that contemporary capitalism must be studied as a society rather than an economy, and contemporary society as capitalist society. Capitalism is defined as a specific institutionalization of economic action in the form of a specifically dynamic system of social action, with a tendency to expand into, impose itself on and consume its non-economic and non-capitalist social and institutional context, unless contained by political resistance and regulation. The paper illustrates its perspective by four brief sketches, depicting contemporary capitalism as a historically dynamic social order, a culture, a polity, and a way of life. All four examples, it is claimed, demonstrate the superiority of a longitudinal-historical approach over static cross-sectional comparisons, and of focusing on the commonalities of national versions of capitalisms rather than their “varieties”

European Journal of Sociology, Volume 53, Issue 01, April 2012 pp 1-28

09 May 2012

Flexwork newsletter - May

1. The labour markets in Finland, Germany, Latvia, Norway, and Sweden 2006-2010. Developments and challenges for the future.. (S. Klinger, E. Spitznagel, J. Alatalo, K. Berglind, H. Gustavsson, H. Kure, I. Nio, J. Salmins, V. Skuja, J. Sorbo).
Via the International Labour Market Forecasting Network, forecasters of the public employment services or comparable… read more.

2. Research Report on Non-Regular Employment: Focusing on Trends, Equal Treatment, and the Transition to Regular Employment. (Y. Asao, K. Takahashi, H. Maeura & S. Lee).
This summary is a compilation of the results of “Integrated Surveys and Research on Trends among Non-Regular… read more.

3. Berufliche Statusmobilität von Arbeitslosen nach beruflicher Weiterbildung. Ein empirischer Beitrag zur Evaluation der Förderung beruflicher Weiterbildung. (A. Deeke & M. Baas).
Für die mikroanalytische Evaluation der Förderung der beruflichen Weiterbildung (FbW) von Arbeitslosen wird… read more.

4. A Very Uneven Road: US Labor Markets in the Past 30 Years. (H. J. Holzer, M. Hlavac).
We will use data from the Current Population Surveys for over 30 years to answer these questions. The analysis will proceed… read more.

5. Resilience, Equity, and Opportunity. The World Bank’s Social Protection and Labor Strategy 2012-2022. (World Bank).
Risk and the quest for opportunity feature heavily in economic life in the 21st century. Sustained growth in many… read more.

6. Private and Public Provision of Counseling to Job-Seekers: Evidence from a Large Controlled Experiment. (L. Behaghel, B. Crépon & M. Gurgand).
Contracting out public services to private firms has ambiguous effects when quality is imperfectly observable. Using a… read more.

7. The impact of Greek labour market regulation on temporary and family employment: evidence from a new survey. (Anagnostopoulos, A. & Stanley Siebert, W.).
This paper uses an original dataset for 206 workplaces in Thessaly (Greece), to study consequences of Greece’s employment… read more.

03 May 2012

Education reduces gender inequality through its employment effect

Women’s employment, education,and the gender gap in 17 countries 

"Data from the Luxembourg Income Study show that, among married or cohabiting mothers, better educated women are more likely to be employed; gender inequality in annual earnings is thus less extreme among the well educated than among those with less education, driven largely by educated women’s higher employment" (Monthly Labor Review, April 2012, Vol. 135, Number )

02 May 2012

The Euro area now and forecasts

Subject Descriptor Units 2010 2011 2012 2013 2017
GDP, constant prices Percent change 1.868 1.441 -0.317 0.895 1.666
GDP, current prices U.S. dollars, Billions 12,155.54 13,115.13 12,586.08 12,889.21 14,358.38
GDP, deflator Index, 2000=100 120.427 122.15 124.396 126.188 134.484
Output gap Percent of potential GDP -2.361 -1.447 -2.324 -2.206 -0.262
GDP based on purchasing-power-parity (PPP) valuation of country GDP Current international dollar, Billions 10,845.70 11,236.78 11,344.64 11,619.09 13,215.41
GDP based on purchasing-power-parity (PPP) per capita GDP Current international dollarm units 32,726.92 33,785.97 34,022.67 34,765.87 39,196.87
GDP based on purchasing-power-parity (PPP) share of world total Percent 14.538 14.242 13.727 13.317 11.896
Investment Percent of GDP 19.33 19.641 19.532 19.476 19.924
Gross national savings Percent of GDP 19.803 20.017 20.303 20.462 21.05
Inflation, average consumer prices Percent change 1.624 2.718 2.019 1.648 1.806
Three-month London interbank offered rate (LIBOR) Percent 0.811 1.391 0.764 0.795 n/a
Volume of imports of goods and services Percent change 9.309 3.789 -0.478 2.189 4.283
Volume of imports of goods Percent change 10.901 4.783 -0.847 2.181 4.231
Volume of exports of goods and services Percent change 11.101 6.295 1.382 3.191 4.434
Volume of exports of goods Percent change 12.733 6.945 1.139 3.107 4.392
Terms of trade of goods and services Percent change -2.107 -2.509 -1.259 -0.106 -0.128
Terms of trade of goods Percent change -2.264 -2.476 -0.559 -0.11 -0.175
Unemployment rate Percent of total labor force 10.117 10.133 10.87 10.819 9.048
Employment Index, 2000=100 106.54 106.583 105.701 105.933 n/a
General government revenue Percent of GDP 44.693 45.233 45.869 45.965 45.934
General government total expenditure Percent of GDP 50.943 49.378 49.103 48.657 47.052
General government net lending/borrowing Percent of GDP -6.25 -4.146 -3.234 -2.692 -1.119
General government net debt Percent of GDP 65.794 68.385 70.297 71.47 69.514
General government gross debt Percent of GDP 85.657 88.101 89.964 90.992 86.891
Current account balance Percent of GDP 0.308 0.312 0.745 0.969 1.117
Imports of goods and services U.S. dollars, Billions -4,769.19 -5,526.37 -5,307.52 -5,447.27 -6,414.46
Exports of goods and services U.S. dollars, Billions 4,942.11 5,717.04 5,560.16 5,754.75 6,801.95

International Monetary Fund, World Economic Outlook Database, April 2012