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Minimum Wage for Italy: From Social Justice to Productive Efficiency

Author

Listed:
  • Dosi Giovanni

    (Scuola Superiore Sant’Anna, Pisa, Italy.)

  • Virgillito Maria Enrica

    (Scuola Superiore Sant’Anna, Pisa, Italy.)

Abstract

This article discusses the case of the minimimum wage for Italy as a policy instrument to foster both social justice and productive efficiency. After briefly reviewing the empirical evidence on the effects of minimum wages upon employment, wage distribution and firm-level reallocation, it presents a series of channels, from the micro to the macro level that can represent transmission mechanisms able to trigger positive feedback loops in the macroeconomic system.

Suggested Citation

  • Dosi Giovanni & Virgillito Maria Enrica, 2024. "Minimum Wage for Italy: From Social Justice to Productive Efficiency," Intereconomics: Review of European Economic Policy, Sciendo, vol. 59(4), pages 231-235.
    • Handle: RePEc:vrs:intere:v:59:y:2024:i:4:p:231-235:n:1010
    DOI: 10.2478/ie-2024-0046
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    References listed on IDEAS

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    5. Simon Ress & Florian Spohr, 2022. "Was it worth it? The impact of the German minimum wage on union membership of employees," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 43(4), pages 1699-1723, November.
    6. Mayneris, Florian & Poncet, Sandra & Zhang, Tao, 2018. "Improving or disappearing: Firm-level adjustments to minimum wages in China," Journal of Development Economics, Elsevier, vol. 135(C), pages 20-42.
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    More about this item

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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