Social Pacts, Employment and Growth

A Reappraisal of Ezio Tarantelli’s Thought

  • Nicola Acocella
  • Riccardo Leoni

Part of the AIEL Series in Labour Economics book series (AIEL)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Globalization, labor markets and welfare states: a future of “competitive corporatism”?

    1. Nicola Acocella, Riccardo Leoni
      Pages 1-11
  3. Social Pacts in Tarantelli’s Thought

  4. The Implementation of Tarantelli’s Proposals

    1. Front Matter
      Pages 29-29
    2. Andrea Brandolini, Piero Casadio, Piero Cipollone, Marco Magnani, Alfonso Rosolia, Roberto Torrini
      Pages 31-68
  5. Social Pacts in Europe

  6. Industrial Relations and Macroeconomic Performance

    1. Front Matter
      Pages 157-157
    2. Carlo Dell’Aringa
      Pages 159-174
    3. Piero Ferri
      Pages 175-194
    4. Elisabetta Croci Angelini, Francesco Farina
      Pages 195-217
  7. For a Theory of Social Pacts

    1. Front Matter
      Pages 219-219
    2. Richard B. Freeman
      Pages 221-238
    3. Nicola Acocella, Giovanni Di Bartolomeo, Patrizio Tirelli
      Pages 239-251
  8. Alternative Solutions to Conflicts

    1. Front Matter
      Pages 253-253
    2. Robert M. Lindley
      Pages 273-288
  9. Back Matter
    Pages 289-291

About this book


Social pacts have long been a centerpiece of European politics. They are characterized by negotiations among government, employers, workers, and other interest groups over wages and other economic issues. With the growth of globalization and pervasiveness of knowledge, some economists have called for a reduced role of social pacts and centralized wage bargaining, to be replaced by increased flexibility in labor agreements; others argue in favor of social pacts with contents and orientation different from those that have characterized the last three decades. In this book leading European economists examine the current status of social pacts and their future. Particular focus is placed on the ideas of Ezio Tarantelli, a young Italian economist killed by Red Brigades in 1985. He thought that trade unions could play a positive role by agreeing to set wages on the basis of a target rate of inflation. Therefore, they would contribute to economic and social stability through influencing future price expectations, protecting real wages. But, if inflation did erode real wages, the government could compensate the union(s) through increased social expenditure. As the European Union expands and social change accelerates, this insightful book will be of interest to all concerned with social and economic developments across Europe.


Collective Bargaining Efficiency Wages Employment Force ouvrière Incomes Policies Industrial Relations Inflation Trade unions Union economic growth employment growth labor market monetary policy trade union unions

Editors and affiliations

  • Nicola Acocella
    • 1
  • Riccardo Leoni
    • 2
  1. 1.Department of Public EconomicsUniversity of Rome ‘La Sapienza’RomaItaly
  2. 2.Department of EconomicsUniversity of BergamoBergamoItaly

Bibliographic information

  • DOI
  • Copyright Information Physica-Verlag Heidelberg 2007
  • Publisher Name Physica-Verlag HD
  • eBook Packages Business and Economics
  • Print ISBN 978-3-7908-1915-1
  • Online ISBN 978-3-7908-1923-6
  • Series Print ISSN 1863-916X
  • Buy this book on publisher's site
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