Wage Determination and Union Behaviour in Italy: An Efficiency Wage Interpretation

Carlo Dell’Aringa and Claudio Lucifora ()

Chapter 16 in Labour Relations and Economic Performance, 1990, pp 391-413 from Palgrave Macmillan

Abstract: Abstract In the 1970s the Italian labour market was characterised by rigidities mainly originating from institutional factors. Union behaviour and labour legislation have often been blamed as major causes of the loss of flexibility. As a result, the impact of the oil shocks on economic performance turned out to be particularly severe, both in terms of increased inflation and unemployment. In the early 1980s, although unions showed a less conflictual attitude and accepted an incomes policy, which most likely contributed to slowing down inflation; nevertheless unemployment continued along its rising trend.

Keywords: Collective Bargaining; Wage Differential; Wage Premium; Wage Structure; Wage Determination (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-11562-4_16

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