Disaggregating the liberal market economies: institutions and HRM

Brewster, C. ORCID: https://orcid.org/0000-0001-5314-1518, Brookes, M. and Wood, G. (2024) Disaggregating the liberal market economies: institutions and HRM. Economic and Industrial Democracy. ISSN 1461-7099 doi: 10.1177/0143831X241235798

Abstract/Summary

It has been argued that the different ways human resource management is conducted in different countries can be at least partly explained by theories of comparative capitalisms. Earlier work has highlighted much diversity between coordinated market economies, but the liberal markets are commonly assumed to represent a more coherent category. We subject the latter assumption to closer scrutiny by examining differences between the liberal market economies in their approaches to HRM. We find that the USA display greater centralization in Human Resource Management practices, higher turnover rates, and less delegation to employees, than in the UK and Australia, this being associated with differences in institutional realities. Our study highlights how, under a broad institutional archetype, specific systemic features may exert strong effects on specific HRM practices and challenges assumptions of close institutional coupling in the most advanced economies.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/114861
Identification Number/DOI	10.1177/0143831X241235798
Refereed	Yes
Divisions	Henley Business School > International Business and Strategy
Publisher	Sage
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