Advanced Search
MyIDEAS: Login

Le politiche salariali in una Unione Europea. Un'applicazione al caso italiano
[Wage policies in a Monetary Union. An Application to the case of Italy]

Contents:

Author Info

  • Pastore, Francesco

Abstract

Incomes policy started with the San Valentine's decree of 1984, which marks the beginning of the process that led to the abolishment of Scala Mobile and reached its peak with the Protocollo d'intesa of 1993. The work proposes to study by cointegration analysis the effects of incomes policy on the short and long run equilibrium between real wages, labour productivity and unemployment. The analysis is based on ISTAT data relative to 1951-'95. The Johansen procedure detects only one cointegrating vector. The Engle and Granger procedure applied to real wages detects a near unitary coefficient for labour productivity and a negative elasticity of unemployment. For the after-1984 period, the procedure detects a statistically significant change in the coefficient of labour productivity, but not of unemployment. In the short run, the abolition of Scala Mobile and the introduction of concertazione coincided with a negative coefficient of productivity growth, which confirms the loss of purchasing power of wages, implicit in the national agreements. Nevertheless, the coefficient of residuals in the second step increases in absolute value in the period under consideration, suggesting a faster return to the long run equilibrium value. The relationship between real wages and unemployment does not seem to change though.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://mpra.ub.uni-muenchen.de/21182/
File Function: original version
Download Restriction: no

Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 21182.

as in new window
Length:
Date of creation: 1998
Date of revision:
Handle: RePEc:pra:mprapa:21182

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

Related research

Keywords: New Keynesian macroeconomic theory; Incomes policy; Macroeconomic policy evaluation; Incomes distribution; Cointegration analysis; Structural break testing; Italy.;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. C Bean, 1992. "European Unemployment: A Survey," CEP Discussion Papers dp0071, Centre for Economic Performance, LSE.
  2. Newell, A. & Symons, J. S. V., 1987. "Corporatism, laissez-faire and the rise in unemployment," European Economic Review, Elsevier, vol. 31(3), pages 567-601, April.
Full references (including those not matched with items on IDEAS)

Citations

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

Cited by:
  1. Pastore, Francesco, 2010. "Assessing the Impact of Incomes Policy: The Italian Experience," IZA Discussion Papers 5082, Institute for the Study of Labor (IZA).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:21182. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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