The chapter adheres to a school of interpretation which is sceptic with respect to the virtues of neo-corporatism while asserting the several other institutional aspects, referred both to the labour market and the overall economic system that affect the macroeconomic performance. The chapter is...

The chapter first introduces Tarantelli’s thought on the role of labour economics and social pacts. The implementation of his proposals for a social pact in Italy is then discussed and compared to similar experiences in Europe. Attention is finally devoted to developing a theory of social...

The chapter investigates the effects of the wage determination mechanism based on bargaining and efficiency wages introduced in Italy in 1993. The analysis deals specifically with the productivity effects of the efficiency wage approach and tests the role of different profit sharing schemes...