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'Good governance, social stabilization and economic justice are not luxuries that weigh down and impede the process of development. They are the essence of development itself. This book provides the documentation required to carry the point.' (From the foreword by James K. Galbraith.) -- 'A defining feature of recent decades has been the rise in income inequality within many, but certainly not all, countries, and perhaps most spectacularly in the US and UK. The reigning explanation remains the orthodox story that it's all about supply and demand ... A powerful and welcome antidote, the essays in this fine book make the case that strong institutions are not only "the building blocks of just societies", but can be, if well-designed, fully consistent with high employment and dynamic economies.' (David R. Howell, New School for Public Engagement, New York, US). -- 'The worrying trend of growing inequality was the major theme of Davos in January 2014. In this well-researched and argued volume, Janine Berg and her colleagues show convincingly how neglect for distributional concerns and equitable growth policies in macroeconomic policies and labour market policies led to this worrying trend, why a refocusing on distributional issues and equitable growth policies is urgently needed and what needs to be done to achieve that. A must-read for concerned politicians, industrialists, trade unions and researchers.' (Rolph van der Hoeven, International Institute of Social Studies, Erasmus University, The Hague, the Netherlands). -- Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these institutions have been eroded, whilst in other countries they do not exist at all. -- Labour Markets, Institutions and Inequality includes empirical case studies, from both developed and developing countries, which examine the role of institutions in ensuring equitable income distribution. The volume discusses the effect of macroeconomic, labour and social policies on inequality, highlighting how specific groups such as women, migrants and younger workers are affected by labour market institutions. Expert contributions demonstrate that in order to reduce inequality, countries must strengthen their labour market institutions through comprehensive policy formulation.

This edited volume examines the potential of labour market institutions for ensuring equitable income distribution. Using empirical examples from both developed and developing countries, it analyses the connections between macroeconomic policies and inequality as well as how specific groups are affected by labour market institutions

This edited volume examines the potential of labour market institutions for ensuring equitable income distribution. Using empirical examples from both developed and developing countries, it analyses the connections between macroeconomic policies and inequality as well as how specific groups are affected by labour market institutions.

During the COVID‐19 pandemic, key workers left the safety of their homes to produce, distribute and sell food, clean to minimize the spread of the pandemic, ensure public safety, transport essential goods and workers to their jobs, and care for and heal the sick. The pandemic made evident the extent to which societies need key workers – in both good times and bad – but also how undervalued most key jobs are, raising concerns about the sustainability of these essential activities. This chapters introduces the concept of key workers and provides basic demographic information on their composition.

Labour markets do not account for the social and economic contribution of key work. Addressing this undervaluation is necessary for ensuring resilient economies and societies. To do this, governments and employers' and workers' organizations should come together to develop an actionable road map for identifying and addressing specific obstacles to the delivery of key goods and services, both in good times and bad. Such a strategy would more than pay for itself when the next crisis hits. This is one of the most important policy lessons to be drawn from the COVID‐19 pandemic.