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Wage Setting Institutions and Economic Performance

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

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  • Carlo Dell’Aringa

    (Università Cattolica di Milano)

Abstract

The chapter adheres to a school of interpretation which is sceptic with respect to the virtues of neo-corporatism while asserting the several other institutional aspects, referred both to the labour market and the overall economic system that affect the macroeconomic performance. The chapter is also sceptic with respect to the idea of a decentralized corporatism, claiming that unemployment in Europe is a regional problem (being located mainly in some countries and regions). Therefore possible solutions should be based on a greater flexibility in the geographical wage structure, which, in turn, requires a reduced level of coordination, both formal and informal, at the national level. As in Sweden, a kind of ‘organised decentralisation’, may be of interest at the European level too.

Suggested Citation

  • Carlo Dell’Aringa, 2007. "Wage Setting Institutions and Economic Performance," AIEL Series in Labour Economics, in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought, edition 1, chapter 8, pages 159-174, AIEL - Associazione Italiana Economisti del Lavoro.
    • Handle: RePEc:ail:chapts:02-08
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    File URL: http://link.springer.com/chapter/10.1007/978-3-7908-1923-6_8
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    More about this item

    Keywords

    Neo-corporatism; macroeconomic performance; organised decentralisation.;
    All these keywords.

    JEL classification:

    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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