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Il salario tra premio di risultato e nuove pratiche di gestione delle risorse umane. Gli effetti dell’Accordo di Luglio del 1993

Author

Listed:
  • Annalisi CRISTINI
  • Eleonora BAZZANA
  • Riccardo LEONI

    (Universita' di Bergamo)

Abstract

The theoretical result according to which the wage is higher when bargaining and efficiency wages interact, is tested by estimating a formally derived wage equation on an Italian firm-level panel from 1990 to 1999. The 1993 July Agreement, which fostered the adoption of decentralised incentive mechanisms, is used as a natural experiment. The main results are the following: a) Subsequent the adoption of the 1993 Agreement, the elasticity of wages to firm profits increases from 2.6 to 3.6%; the corresponding estimated wage premium is equal to 3.6% of the average wage; b) Relative to the whole sample of firms, those that signed the decentralised contract show higher wages, more persist- ent wage dynamics but lower variable wage premia; c) For the same firms, a significant increase of the rent sharing is obtained through the diffusion of individual incentives and productivity evaluation procedures; d) a considerable bias is introduced if are not profit endogeneity and unobservable fixed effects are not accounted for.

Suggested Citation

  • Annalisi CRISTINI & Eleonora BAZZANA & Riccardo LEONI, 2005. "Il salario tra premio di risultato e nuove pratiche di gestione delle risorse umane. Gli effetti dell’Accordo di Luglio del 1993," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 113(2), pages 157-184.
    • Handle: RePEc:vep:journl:y:2005:v:113:i:2:p:157-184
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    File URL: http://riss.vitaepensiero.it/scheda-articolo_digital/riccardo-leoni-annalisa-cristini-eleonora-bazzana/il-salario-tra-premio-di-risultato-e-nuove-pratiche-di-gestione-delle-risorse-umane-gli-effetti-dellaccordo-di-luglio-del-1993-000518_2005_0002_0017-150814.html
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    Citations

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    Cited by:

    1. Riccardo Leoni, 2018. "Efficienza ed efficacia della contrattazione integrativa aziendale. Una rassegna della letteratura empirica italiana," Economia & lavoro, Carocci editore, issue 1, pages 131-170.
    2. Davide Antonioli & Paolo Pini & Roberto Antonietti, 2014. "Flexible pay systems and labour productivity: Evidence from Emilia-Romagna manufacturing firms," Working Papers 2014143, University of Ferrara, Department of Economics.
    3. Davide Antonioli & Paolo Pini, 2014. "Retribuzioni e produttivit?: un nuovo modello di contrattazione per fermare il declino," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2014(1), pages 79-93.
    4. 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.
    5. D'Amuri, Francesco & Giorgiantonio, Cristina, 2015. "The Institutional and Economic Limits to Bargaining Decentralization in Italy," IZA Policy Papers 98, Institute of Labor Economics (IZA).
    6. Francesco D'Amuri & Cristina Giorgiantonio, 2014. "Diffusion and outlook of firm-level bargaining in Italy," Questioni di Economia e Finanza (Occasional Papers) 221, Bank of Italy, Economic Research and International Relations Area.

    More about this item

    Keywords

    wage; efficiency wages; bargaining; decentralisation; industrial relations.;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence

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