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.
References: Add references at CitEc
Citations: View citations in EconPapers (9)

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Chapters in this book:

Ch 1 Introduction , pp 1-11

Nicola Acocella and Riccardo Leoni

Ch 2 ‘Doing good’. Ezio Tarantelli’s Approach to Political Economy , pp 15-22

Pierluigi Ciocca

Ch 3 The 1960s and Ezio’s Awakening to the Social Problems of Italy , pp 23-28

Mario Sarcinelli

Ch 4 Employment Growth in Italy in the 1990s: Institutional Arrangements and Market Forces , pp 31-68

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

Leonello Tronti

Ch 6 The ’93 July Agreement in Italy: Bargaining Power, Efficiency Wages or Both? , pp 97-119

Annalisa Cristini and Riccardo Leoni

Ch 7 Wage Bargaining Institutions in Europe. A Happy Marriage or Preparing for Divorce? , pp 123-156

Jelle Visser

Ch 8 Wage Setting Institutions and Economic Performance , pp 159-174

Carlo Dell’Aringa

Ch 9 Loops Learning and the Phillips Curve , pp 175-194

Piero Ferri

Ch 10 Wage Inequality in Europe: the Role of Labour Market and Redistributive Institutions , pp 195-217

Elisabetta Croci Angelini and Francesco Farina

Ch 11 Searching for the EU Social Dialogue Model , pp 221-238

Richard Freeman

Ch 12 From First- to Second-Generation Social Pacts , pp 239-251

Nicola Acocella, Giovanni Di Bartolomeo and Patrizio Tirelli

Ch 13 Inflation Inertia, Monetary Policy and Market Competition: Tarantelli Revisited , pp 255-272

Fabrizio Coricelli

Ch 14 Creating the ‘Neo-Lisbon’ Economy , pp 273-288

Robert M. Lindley

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