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

  • Carlo Dell’Aringa
  • Claudio Lucifora
Part of the International Economic Association Series book series (IEA)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1990

Authors and Affiliations

  • Carlo Dell’Aringa
  • Claudio Lucifora

There are no affiliations available

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