L’evoluzione dei patti sociali in una prospettiva analitica

Acocella, Nicola and Di Bartolomeo, Giovanni and Papa, Stefano (2006): L’evoluzione dei patti sociali in una prospettiva analitica.

Abstract

In this paper we revisit the case for corporatist agreements in a model where labor markets are unionized, the government controls the fiscal stance, and an independent central bank sets monetary policy. We can then analyze the scope for a political exchange between public expenditure and wage setting choices, showing that corporatism may generate quite different macroeconomic outcomes from the traditional exchange between wage restraint and high public expenditure. In fact our model can easily encompass both first and second-generation corporatist agreements.

• Item Type: MPRA Paper
• Institution: University of Teramo
• English Title: The evolution of social pacts: An analytical perspective
• Language: Italian
• Keywords: Corporatism; trade unions; fiscal policy; monetary conservativeness; policy game
• Subjects: J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies; J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J58 - Public Policy; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General; H - Public Economics > H1 - Structure and Scope of Government > H11 - Structure, Scope, and Performance of Government; J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining