Abstract
An analysis of European developments from a comparative perspective has to consider at least two important features. First, there are the different economic development models and different wage-setting regimes in the countries to be compared. Accordingly, to carry out a comparative analysis it makes sense to cluster groups of countries which represent similar ‘varieties of capitalism’. Thus, we have drawn a rough distinction between five different types of European capitalism, namely, the Nordic, Central, Western, Southern and Eastern European models. Within each type, countries show substantial similarities in both the dominant national economic development model as well as the national wage-setting regime (Table 10.1).
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