Analysing security and flexibility in labour markets: an expanded institutional approach
Professor of Governance and Public Management University of Warwick Business School Coventry, United Kingdom
As the balance between security and flexibility replaces inflation as a major preoccupation of the sociology and economics of labour markets, it becomes necessary to expand the framework of institutional analysis used in research beyond the market, the industrial relations system and specific public social policy. It is also necessary to recognise that the dynamics of the capitalist market itself require people to be at once confident consumers and insecure workers. Analysis therefore needs to include such factors as the separation of consumers from workers, whether by class, gender and ethnicity separation; and the separation of workers? consumption capacity from their wage-earning through mortgages and other forms of debt. In all, 14 different modes of resolving the paradox between confident consumers and insecure workers are proposed, including those from familiar social policy.