Lo studioso di politiche dei redditi
Giancarlo Mazzocchi gave important scientific contributions in the field of anti-inflationary policies. In particular he stressed the important role of incomes policy in keeping cost pressure under control. He also stressed the necessity of combining incomes policies with other instruments of economic policy, such as measures directed to improve the functioning of product and labour markets. More competitive product markets and more flexible labour markets are necessary conditions for an incomes policy to be successful. He then analysed the different methods of linking wages to productivity in a dynamic environment and he showed how a «norm» of uniform wage increases can compress wage differentials and produce negative effects on labour mobility.
Volume (Year): 114 (2006)
Issue (Month): 1-2 ()
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