Over the past 20 years, Italy has realised changes in labour legislation, leading to a decentralisation of wage bargaining and increased flexibility in labour relations. Both these factors have helped to curb wage growth and to enhance employment growth, but have also led to a crisis in Italian...

This chapter deals with the empirical testing of the potential trade-off between flexibility and productivity growth by using firm-level data. The model of reference relies on various works by Sylos-Labini, The model is estimated on data from the 9th “Indagine sulle imprese manifatturiere”,...

Purpose: The authors analyse how the association between parental background and adult children's earnings changes when net rather than gross children's earnings are considered and disentangle what such changes depend on: differences between pre and after taxes earnings inequality or reranking...

The economic policy debate on the pension system’s reform process in Italy has been on the forefront for more than a decade, and an increase in the role of funded private pillars has been often suggested. In this paper we focus on a specific way for enlarging such pillars: the partial opting...

Income inequality raises serious problems because of its extent and its features. This paper starts from the empirical evidence on trends in disposable income inequality in the major OECD countries, distinguishing the roles played by market inequalities and by public redistribution. It then goes...

As economic inequality in Europe has continued to rise, it has become the subject of increasing academic attention. What are the drivers of inequality? How does it affect intergenerational economic and social mobility? At what point does inequality become a drag on economic growth or a threat to...