Varieties of Capitalism and labour market opportunities for the youth: A comparison of attitudes towards skill formation

Hörisch, Felix; Tosun, Jale; Erhardt, Julian; Maloney, William (2020). Varieties of Capitalism and labour market opportunities for the youth: A comparison of attitudes towards skill formation. European journal of government and economics, 9(3), pp. 232-251. Faculty of Business and Economics, Universidade da Coruña 10.17979/ejge.2020.9.3.5966

Text Hoerisch_et_al._2020_-_Varieties_of_Capitalism_and_labour_market_opportunities_for_the_youth.pdf - Published Version Restricted to registered users only Available under License Publisher holds Copyright. Download (305kB) | Request a copy

In this study, we examine the extent to which socio-economic institutions shape young people’s perceptions of labour market opportunity structures and their employment attitudes (i.e. skills and retraining). Building on the varieties of capitalism approach, we expect young people (aged 18–35) in coordinated market economies (CMEs) with encompassing welfare states to regard firm- and industry-specific skills as more important than their peers in liberal market economies (LMEs). To assess this proposition, we draw on original survey data and compare young people’s employment attitudes in five European countries: the United Kingdom (UK), which represents a typical liberal market economy, and Austria, Denmark, Germany and Switzerland as representatives of coordinated market economies. To what extent do different training regimes in CMEs and LMEs shape individual attitudes towards skill formation? The empirical analysis shows that young people’s attitudes with regard to the specificity of skills and the willingness to undertake retraining differ systematically between CME and LME countries and supports our argument that the specific socio-economic institutions matter.

Interest & Impact

Downloads

2 since deposited on 14 May 2021
0 in the past 12 months

Citations

5 Citations in Web of Science ®
6 Citations in Scopus

Search

in Google Scholar™

Services

Actions (login required)

Edit item

Actions (login required)

Edit item