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Why we should place the employment relationship at the heart of labour market policies

In: The Labour Market Myth

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Abstract

This concluding chapter wraps up the main results and draws some general conclusions. An employment relationship is compared to a marriage. Several central ideas from the standard labour market analysis are confronted with their opposite: financial incentives vs. intrinsic motivation, external mobility vs. internal mobility, flexibility vs. stability, job vs. human (or demand vs. supply), exit vs. voice, and static efficiency vs. dynamic efficiency. The chapter concludes that if we look at work through the lens of enduring employment relations instead of through the lens of the market, we will not only find different explanations of many common phenomena regarding work and income, but also discover different policy options that will be more effective in creating equal opportunities for valuable work for all.

Suggested Citation

  • ., 2024. "Why we should place the employment relationship at the heart of labour market policies," Chapters, in: The Labour Market Myth, chapter 6, pages 127-137, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:23410_6
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035334452.00011
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