Equality, Employment, and Budgetary Restraint
The Trilemma of the Service Economy
Bibliographic Data
| ID | 6410613 |
|---|---|
| Authors | Trine Iversen (0000-0002-6652-5147, Harvard University Press), Torben Iversen, Anne Wren (Harvard University Press) |
| Year | 1998 |
| Volume | 50 |
| Issue | 4 |
| Pages | 507-546 |
| Publication date | 1998-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Politics (JOURNAL) |
| Journal identifiers | ISSN: 0043-8871 • E-ISSN: 1086-3338 |
| Publisher | Project MUSE (PUBLISHER • US) |
| DOI | 10.1017/s0043887100007358 |
| OpenAlex | W2121764765 |
| Language | EN |
| Citations received | 347 |
| References cited | 35 |
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
Austerity · Economic system · Economics · Economy · Leverage (statistics · Macroeconomics · Political economy · Political science · Politics · Post-industrial society · Salience (neuroscience · Trilemma · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Political Economy and Marxism
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| Unique citing works | 347 |
|---|---|
| Citations per year | 12,39 |
| Citation span | 1998 - 2026 (29) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 345 |