Scientific journal paper Q1
Compensation policies and comparative capitalisms
Fátima Suleman (Suleman, F.); Henrique Duarte (Duarte, H.); Christopher Brewster (Brewster, C.); Abdul Suleman (Suleman, A.);
Journal Title
European Journal of Industrial Relations
Year (definitive publication)
2022
Language
English
Country
United Kingdom
More Information
Web of Science®

Times Cited: 1

(Last checked: 2024-05-12 21:34)

View record in Web of Science®


: 0.2
Scopus

Times Cited: 1

(Last checked: 2024-05-07 17:42)

View record in Scopus


: 0.2
Google Scholar

Times Cited: 1

(Last checked: 2024-05-08 19:43)

View record in Google Scholar

Abstract
A widespread rhetoric suggests that market-like rules dominate employment relationships, and particularly compensation, but empirical evidence is inconclusive. This research examines organisations’ compensation policies in clusters of European capitalist economies to test such a hypothesis. Four fuzzy clusters emerged from data, namely, Standard, Internalised, Competitive and Incentive, which illustrates a division between organisation- and market-based models. Collective pay rules characterise organisation-based model, and this is the predominant model in all countries except for the liberal market economies. Firms from different models of capitalism rely on internal labour market pay rules, suggesting that the scope of the liberal market system is narrow. Differences within clusters of capitalist economies suggest a role for agency and hidden labour market specificities in each grouping. The similarities of pay policies open room to identifying capitalist economies differently.
Acknowledgements
--
Keywords
Compensation policies,Capitalist economies,Europe,Fuzzy clustering
  • Economics and Business - Social Sciences
Funding Records
Funding Reference Funding Entity
PTDC/SOC-SOC/28811/ 2017 Fundação para a Ciência e a Tecnologia
UIDB/00315/2020 Fundação para a Ciência e a Tecnologia
UIDB/03127/2020 Fundação para a Ciência e Tecnologia

With the objective to increase the research activity directed towards the achievement of the United Nations 2030 Sustainable Development Goals, the possibility of associating scientific publications with the Sustainable Development Goals is now available in Ciência-IUL. These are the Sustainable Development Goals identified by the author(s) for this publication. For more detailed information on the Sustainable Development Goals, click here.