Since the approval of Protocollo d'intesa (1993), following New Corporatist principles, a national system of centralised wage bargaining (concertazione) and the so-called "institutional indexation" have governed the determination of wages. This paper aims to assess the impact of such incomes policy agreements on the long and short run equilibrium relationship between real wages, labour productivity and unemployment. Different time series econometric tools confirm the importance of the policy.
"Assessing the Impact of Incomes Policy. The Italian Experience"
PASTORE, Francesco
2010
Abstract
Since the approval of Protocollo d'intesa (1993), following New Corporatist principles, a national system of centralised wage bargaining (concertazione) and the so-called "institutional indexation" have governed the determination of wages. This paper aims to assess the impact of such incomes policy agreements on the long and short run equilibrium relationship between real wages, labour productivity and unemployment. Different time series econometric tools confirm the importance of the policy.File in questo prodotto:
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