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Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought

Edited by Nicola Acocella () and Riccardo Leoni ()

in AIEL Series in Labour Economics from AIEL - Associazione Italiana Economisti del Lavoro

Abstract: Social pacts have long been a centrepiece of European politics. They are characterized by negotiations among government, employers, workers, and other interest groups over wages and other economic issues. With the growth of globalization and pervasiveness of knowledge, some economists have called for a reduced role of social pacts and centralized wage bargaining, to be replaced by increased flexibility in labour agreements; others argue in favour of social pacts with contents and orientation different from those that have characterized the last three decades. In this book leading European economists examine the current status of social pacts and their future. Particular focus is placed on the ideas of Ezio Tarantelli, a young Italian economist killed by Red Brigades in 1985. He thought that trade unions could play a positive role by agreeing to set wages on the basis of a target rate of inflation. Therefore, they would contribute to economic and social stability through influencing future price expectations, protecting real wages. But, if inflation did erode real wages, government could compensate unions through increased social expenditure. As the European Union expands and social change accelerates, this book will be of interest to all concerned with social and economic developments across Europe.

Keywords: Collective Bargaining; Incomes Policies; Macroeconomic Performance; Social Pacts; Trade Unions. (search for similar items in EconPapers)
JEL-codes: B31 E02 J52 (search for similar items in EconPapers)
Date: 2007
ISBN: 978-3-7908-1915-1.
Note: Published by Physica-Verlag Heidelberg.
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Citations: View citations in EconPapers (9) Track citations by RSS feed

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Chapters in this book:

Ch 1 Introduction , pp 1-11 Downloads
Nicola Acocella and Riccardo Leoni
Ch 2 ‘Doing good’. Ezio Tarantelli’s Approach to Political Economy , pp 15-22 Downloads
Pierluigi Ciocca
Ch 3 The 1960s and Ezio’s Awakening to the Social Problems of Italy , pp 23-28 Downloads
Mario Sarcinelli
Ch 4 Employment Growth in Italy in the 1990s: Institutional Arrangements and Market Forces , pp 31-68 Downloads
Andrea Brandolini, Piero Casadio, Piero Cipollone, Marco Magnani and Alfonso Rosolia
Ch 5 The July Protocol and Economic Growth: The Chance Missed , pp 69-95 Downloads
Leonello Tronti
Ch 6 The ’93 July Agreement in Italy: Bargaining Power, Efficiency Wages or Both? , pp 97-119 Downloads
Annalisa Cristini and Riccardo Leoni
Ch 7 Wage Bargaining Institutions in Europe. A Happy Marriage or Preparing for Divorce? , pp 123-156 Downloads
Jelle Visser
Ch 8 Wage Setting Institutions and Economic Performance , pp 159-174 Downloads
Carlo Dell’Aringa
Ch 9 Loops Learning and the Phillips Curve , pp 175-194 Downloads
Piero Ferri
Ch 10 Wage Inequality in Europe: the Role of Labour Market and Redistributive Institutions , pp 195-217 Downloads
Elisabetta Croci Angelini and Francesco Farina
Ch 11 Searching for the EU Social Dialogue Model , pp 221-238 Downloads
Richard Freeman
Ch 12 From First- to Second-Generation Social Pacts , pp 239-251 Downloads
Nicola Acocella, Giovanni Di Bartolomeo and Patrizio Tirelli
Ch 13 Inflation Inertia, Monetary Policy and Market Competition: Tarantelli Revisited , pp 255-272 Downloads
Fabrizio Coricelli
Ch 14 Creating the ‘Neo-Lisbon’ Economy , pp 273-288 Downloads
Robert M. Lindley

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