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Salari, produttivita' e la "regola di piombo" della BCE

Author

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  • Paolo Pini

Abstract

Wages, productivity, and the "rule of lead" of the ECB The ECB suggests that hourly nominal wages should increase in line with real hourly labour productivity, and not exceed it. The "vicious" countries which do not follow this rule loose progressively competitiveness. This is the "rule of lead" for income distribution, contrasting with the "role of gold" that leaves unchanged the labour share on national income. The "rule of lead" means domestic competitive devaluation, against workers and labour income, and income distribution with even more inequality.

Suggested Citation

  • Paolo Pini, 2013. "Salari, produttivita' e la "regola di piombo" della BCE," Working Papers 2013102, University of Ferrara, Department of Economics.
    • Handle: RePEc:udf:wpaper:2013102
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    More about this item

    Keywords

    Nominal and real wages; productivity; income distribution;
    All these keywords.

    JEL classification:

    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation

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