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      Equality, Employment, and Budgetary Restraint: The Trilemma of the Service Economy

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      World Politics
      Cambridge University Press (CUP)

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          Abstract

          This article presents an analysis of the postindustrial economy from a political economy perspective. It identifies a set of specific distributional trade-offs associated with the new role played by the services sector as the chief source of employment growth in advanced democracies over the last three decades. It is argued that three core policy objectives—budgetary restraint, wage equality, and expansion of employment—constitute a political “trilemma” that allows only two of the goals to be successfully pursued at the same time. Using a combination of statistical and caseoriented analysis, the authors demonstrate the political and economic salience of the trilemma, the distributional tensions inherent in each strategy to cope with it, and the political-institutional constraints under which these strategies are chosen.

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          The New Economics of Organization

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            International evidence on tradables and nontradables inflation

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              Small States in Big Trouble: State Reorganization in Australia, Denmark, New Zealand, and Sweden in the 1980s

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                Author and article information

                Journal
                applab
                World Politics
                World Pol.
                Cambridge University Press (CUP)
                0043-8871
                1086-3338
                July 1998
                June 2011
                : 50
                : 04
                : 507-546
                Article
                10.1017/S0043887100007358
                41f18ad8-3edc-40af-8fa8-a9e385ed5eff
                © 1998
                History

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