High speed and low speed structural reforms in the italian goods and labor market

Journal title QUADERNI DI ECONOMIA DEL LAVORO
Author/s Riccardo Tilli
Publishing Year 2015 Issue 2015/103
Language Italian Pages 16 P. 67-82 File size 82 KB
DOI 10.3280/QUA2015-103005
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

In questo articolo si analizzano alcuni mutamenti dell’economia italiana nel corso dei due decenni precedenti alla crisi finanziaria del 2007. I fatti stilizzati mostrano una marcata diminuzione del tasso di disoccupazione a partire dalla fine degli anni Novanta, e, allo stesso tempo, un aumento significativo del potere di mercato delle imprese. Inoltre, nonostante la riduzione del tasso di disoccupazione, il salario reale è cresciuto meno della produttività del lavoro. Considerare le sole riforme realizzate sul mercato del lavoro non consente di spiegare l’andamento congiunto delle suddette variabili. Utilizzando un semplice modello macroeconomico, si mostra che la diminuzione osservata sia del tasso di disoccupazione che del salario reale può essere spiegata con il fatto che le riforme tendenti a rendere il mercato del lavoro più flessibile sono state proporzionalmente più incisive rispetto a quelle effettuate sul mercato dei beni, in termini di riduzione del potere di mercato delle imprese.

  1. Addessi W. and Busato F. (2009). Fair wages, labor relations and asset returns. Journal of Financial Stability, 5, 4: 410-430.
  2. Bentolila S. and Bertola G. (1990). Firing costs and labor demand: How bad is eurosclerosis? Review of Economic Studies, 57: 381-402.
  3. Blanchard O. J. (2000). Employment protection, sclerosis and the effect of shocks on unemployment. Lionel Robbins Lectures. London School of Economics.
  4. Blanchard O. J. and Giavazzi F. (2003). Macroeconomic effects of regulation and deregulation in goods and labor markets. The Quarterly Journal of Economics, 118, 3: 879-908.
  5. Blanchard O. J. and Portugal P. (2001). What hides behind an unemployment rate. comparing Portuguese and U.S. unemployment. American Economic Review, 91: 187-207.
  6. Danthine J. P. and Kurmann A. (2008). The macroeconomic consequences of reciprocity in labor relations. Scandinavian Journal of Economics, 109, 4: 857-881.
  7. Devicienti F., Maida A. and Pacelli L. (2008). The resurrection of the Italian wage curve. Economic Letters, 98: 335-41.
  8. Fella G. (2000). Investment in general training with consensual layoffs. Working Paper, 418. Queen Mary, University of London.
  9. Hopenhayn H. A. and Rogerson R. (1993). Job turnover and policy evaluation: a general equilibrium analysis. Journal of Political Economy, 101: 915–938.
  10. ISTAT (2007). Contabilità nazionale - Conti economici nazionali - Anni 1970-2005. Collana: Annuari, 10.
  11. ISTAT (2009). Contabilità nazionale - Conti economici nazionali - Anni 1996-2007. Collana: Annuari, 12.
  12. Koeniger W. (2002). Employment protection, product market competition and growth. IZA Discussion Papers, 554.
  13. Kuegler A. and Pica G. (2004). Effects of employment protection and product market regulations on the Italian labour market. CEPR Discussion Papers, 4216.
  14. Levine D. I. and Tyson L. D’A. (1990). Participation, productivity, and the firm’s environment. In: Alan Blinder, editor, Paying For Productivity. Washington, D.C.: The Brookings Institution.
  15. Mortensen D.T. and Pissarides C.A. (1994). Job creation and job destruction in the theory of unemployment. Review of Economic Studies, 61: 397–415.
  16. Mortensen D.T. and Pissarides C.A. (1999a). Job reallocation, employment fluctuations and unemployment differences. In: Taylor J. and Woodford M., editors, Handbook of Macroeconomics. Amsterdam: Elsevier, North Holland.
  17. Mortensen D.T. and Pissarides C.A. (1999b). New developments in models of search in the labor market. In: Ashenfelter O. and Card D., editors, Handbook of Labor Economics. Amsterdam: Elsevier, North Holland.
  18. OECD (1994). Employment Outlook 1994. Parigi: OECD.
  19. OECD (1999). Employment Outlook 1999. Parigi: OECD.
  20. Pissarides C.A. (2000). Equilibrium unemployment theory. Cambridge: MIT press.
  21. Saint-Paul G. (2002). Employment protection, international specialization, and innovation. European Economic Review, 46, 2: 375-395.
  22. Saltari E. and Tilli R. (2004). Labor market performance and flexibility: Which comes first? Topics on Macroeconomics, 4, 1, article 5. --Testo disponibile al sito: http://www.bepress.com/bejm/topics/vol4/iss1/art5.
  23. Saltari E. and Tilli R. (2011). Firing costs and labor market tightness: Is there any relationship? Research in Economics, 65: 1-4.
  24. Scialà A. and Tilli R. (2009). Financing unemployment benefits through fiscal policies and increasing competition. The ICFAI University Journal of Public Finance, 7, 1: 53-67.

Riccardo Tilli, High speed and low speed structural reforms in the italian goods and labor market in "QUADERNI DI ECONOMIA DEL LAVORO" 103/2015, pp 67-82, DOI: 10.3280/QUA2015-103005