The paper proposes a quantitative assessment of the impact of demand-side factors, i.e. growth, composition and distribution of income, in the determination of changes in the aggregate balance of employment. The level of employment “justified” in an economic system is here derived from the...

Agenda Monti is the electoral programme of the Italian Prime Minister Mario Monti for the next national election, due in 2013 spring. In this paper we discuss a specific issue of this Agenda: Performance Related Pay. We argue that the concept of flexible wage through firm level bargaining is a...

L’accordo sulla produttività del 21 novembre 2012, induce preoccupazione e sconforto per quello che dice e per quello che non dice. Il testo non costituisce un passo avanti nelle relazioni industriali in tema di modello di regolazione del legame tra retribuzione del lavoratore e risultati...

Productivity and wages are stagnant, effective demand is in contraction, growth appears now as an illusion and we have also decline in bargaining. How to restore a "virtuos" path also re-thinking objectives and methods of collective bargaining. Can the proposal of a planned and bargained...

La Legge di Stabilita' 2014-2016 elaborata dal governo italiano e' volta al rispetto dei vincoli previsti dai Trattati europei, e non alla crescita del reddito e dell'occupazione. Cio' nonostante, la Commissione Europea non ha ritenuto di dare "semaforo verde", in quanto il rientro dal debito...

The way forward for Italy, within a Europe that has to change. A Europe that is too economics-minded and not politically-minded enough, where growth and employment are stifled by tight budgets. Yet another path is possible, if we still keep the single currency but if we change regulations and...

Wages, productivity, and the "rule of lead" of the ECB The ECB suggests that hourly nominal wages should increase in line with real hourly labour productivity, and not exceed it. The "vicious" countries which do not follow this rule loose progressively competitiveness. This is the "rule of lead"...

The crisis of work in Europe and in Italy. Towards a radical change The economic crisis since 2008 has reduced income and destroyed jobs, and the economic recovery announced in 2014 will not reabsorb unemployment especially in Europe. ILO and IMF forecast a jobless recovery. Nevertheless, the...