IDEAS home Printed from https://ideas.repec.org/h/spr/aiechp/978-3-7908-1923-6_12.html
   My bibliography  Save this book chapter

From First- to Second-Generation Social Pacts

In: Social Pacts, Employment and Growth

Author

Listed:
  • Nicola Acocella

    (University of Rome ‘La Sapienza’)

  • Giovanni Bartolomeo

    (University of Teramo)

  • Patrizio Tirelli

    (University of Milan-Bicocca)

Abstract

The chapter presents a model, where the union is interested in the level of wages, employment and the level of public expenditure. Social pacts are shown not only to lead to a superior macroeconomic performance, but to be also acceptable by unions. The key to their acceptability lies in the benefit the unions draw from a higher public expenditure, in line with Tarantelli’s thought. By reflecting on the fact that public expenditure is financed through distortionary taxation, however, their model offers also the possibility to explain the second-generation social pacts in Europe highlighted by Visser.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Nicola Acocella & Giovanni Bartolomeo & Patrizio Tirelli, 2007. "From First- to Second-Generation Social Pacts," AIEL Series in Labour Economics, in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth, chapter 11, pages 239-251, Springer.
  • Handle: RePEc:spr:aiechp:978-3-7908-1923-6_12
    DOI: 10.1007/978-3-7908-1923-6_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nicola Acocella & Giovanni Bartolomeo, 2013. "The Cost Of Social Pacts," Bulletin of Economic Research, Wiley Blackwell, vol. 65(3), pages 238-255, July.
    2. Giovanni Michelagnoli, 2015. "The Shaping of Incomes Policy in the Eighties. The Contribution of Ezio Tarantelli," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2015(2), pages 37-56.
    3. Nicola Acocella & Giovanni Bartolomeo & Wilfried Pauwels, 2010. "Is there any scope for corporatism in macroeconomic policies?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 37(4), pages 403-424, November.

    More about this item

    Keywords

    Nash Equilibrium; Monetary Policy; Central Bank; Fiscal Policy; Trade Union;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:aiechp:978-3-7908-1923-6_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.