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The Cost of Social Pacts

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Author Info
Acocella, Nicola
Di Bartolomeo, Giovanni

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Abstract

Social pacts, while improving macroeconomic performance, usually impose costs on unions. To facilitate the formation of such pacts, various substitutes can operate, such as the payment of transfers or, to some extent, the conservativeness of the government, union’s inflation aversion or political partisanship.

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File URL: http://mpra.ub.uni-muenchen.de/3585/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3585.

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Date of creation: Jun 2007
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Handle: RePEc:pra:mprapa:3585

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Related research
Keywords: Social pacts; side payments; conservativeness; partisanship; unions.;

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Find related papers by JEL classification:
E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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    Other versions:
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