Russo, Giuseppe; Veredas, David - Centro di Economia del Lavoro e di Politica Economica … - 2000
Many indicators (OECD 1994) show that the Italian labour market is characterised by a strong pro-workers and pro-unions legislation. This is usually interpreted as a high degree of rigidity. According to the theory of appropriability in presence of putty-clay investments (Caballero and Hammour...