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The ’93 July Agreement in Italy: Bargaining Power, Efficiency Wages or Both?

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

Author

Listed:
  • Annalisa Cristini

    (Università di Bergamo)

  • Riccardo Leoni

    (Università di Bergamo)

Abstract

The chapter investigates the effects of the wage determination mechanism based on bargaining and efficiency wages introduced in Italy in 1993. The analysis deals specifically with the productivity effects of the efficiency wage approach and tests the role of different profit sharing schemes based on formal performance evaluations bargained with the unions’ representatives. Traditional indicators, related to output-based variable pay (turnover, productivity, defects and cost targets) are shown to be inferior to new indicators, of input-based nature, which stimulate employees to improve their competences by learning, job rotation, team working, suggestion system and involvement. While the former refers to a traditional design setting, the latter is consistent with a Business Process Reengineering, which is a prerequisite for the so-called high road of innovation and development.

Suggested Citation

  • Annalisa Cristini & Riccardo Leoni, 2007. "The ’93 July Agreement in Italy: Bargaining Power, Efficiency Wages or Both?," 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 6, pages 97-119, AIEL - Associazione Italiana Economisti del Lavoro.
    • Handle: RePEc:ail:chapts:02-06
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    File URL: http://link.springer.com/chapter/10.1007/978-3-7908-1923-6_6
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    Citations

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    Cited by:

    1. Piero Casadio, 2010. "Firm level wage bargaining and territorial wage differentials: evidence from the Bank of Italy survey on firms," Politica economica, Società editrice il Mulino, issue 2, pages 241-292.
    2. Paola Gritti & Riccardo Leoni, 2013. "The impact on wages of generic competencies, psychological capital, new work practices and digital technologies," Working Papers (2013-) 1301, University of Bergamo, Department of Management, Economics and Quantitative Methods.
    3. Riccardo Leoni & Paola Gritti, 2017. "Institutional Wage Setting, Distinctive Competencies and Wage Premia," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 3(1), pages 71-111, March.
    4. Piero, Casadio, 2010. "Contrattazione aziendale integrativa e differenziali salariali territoriali: informazioni dall'indagine sulle imprese della Banca d'Italia," MPRA Paper 29384, University Library of Munich, Germany.
    5. David Card & Francesco Devicienti & Agata Maida, 2014. "Rent-sharing, Holdup, and Wages: Evidence from Matched Panel Data," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(1), pages 84-111.
    6. Origo, Federica, 2009. "Flexible pay, firm performance and the role of unions. New evidence from Italy," Labour Economics, Elsevier, vol. 16(1), pages 64-78, January.

    More about this item

    Keywords

    Incomes policy in Italy; productivity; profit sharing schemes.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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