The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Industrial Relations

  • Thomas A. Kochan
Reference work entry


Industrial relations is an interdisciplinary field of study that encompasses all aspects of work and employment relations. Originating in institutional economics and Fabian socialism, it has evolved to address employment problems and issues ranging from wage determination and collective bargaining to human resource management and labour market dynamics and policies. Globalization has increased the importance of international and comparative analysis of employment practices and outcomes. Shifts in employment from manufacturing to services has rendered the term ‘industrial relations’ obsolete and led scholars to use the term ‘work and employment relations’ to describe their work and this field of study.


American Economic Association Arbitration Class conflict Collective bargaining Commons, J. R. Corporate governance Corporations Ely, R. T. Fabian socialism Globalization Great Depression Health insurance Human capital Human relations Human resource management Incentive compensation Industrial psychology Industrial relations Innovation Institutional economics Internal labour markets Labor and Employment Relations Association (USA) Labour economics Layoff Marx, K. H. Minimum wages Networks New Deal Pensions Personnel economics Power Scientific management Social insurance Social networks in labour markets Strikes Team production theory of the firm Technical change Trade unions Training Unemployment insurance Wage determination Webb, S. and B. Women’s work and wages Workers’ compensation 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Thomas A. Kochan
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