Firm Level Bargaining and Volatility in Italian Firms

The aim of the present paper is to address the wage flexibility debate by focusing on evidence for the Italian economy on two related aspects: decentralized bargaining--at company or district level, and implementation of contingent pay introduced at this level of bargaining. The paper also deals wit...

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Volume: 11
Main Author: Mirella Damiani
Format: Journal Article
Language: English
Place of publication: 美國大衛出版公司 01.04.2012
published in: USA-China business review (Chinese) Vol. 11; no. 4; pp. 500 - 513
Data of publication: 20120401
ISSN: 1537-1514
1537-1514
EISSN: 1537-1514
Alternate Title: Firm Level Bargaining and Volatility in Italian Firms
Bibliography: The aim of the present paper is to address the wage flexibility debate by focusing on evidence for the Italian economy on two related aspects: decentralized bargaining--at company or district level, and implementation of contingent pay introduced at this level of bargaining. The paper also deals with the role of volatility represented by employment fluctuations, which may condition adoption of variable pay systems. These objectives are carried out on the basis of information on a nationally representative sample of manufacturing and non-manufacturing firms. This dataset is obtained by merging two different sources: the Bureau Van Dijk AIDA archive, which provides balance-sheet data, and the ISFOL Employer and Employee Survey (RIL) for 2005 and 2007, containing firm-level information on workplace practices. In this kind of analysis, a whole set of information are accounted for: personnel organization, recruitment strategies, position of employees, training investments, and the presence of unions. Evidence and estimates offered in this paper show that firm level negotiations and contingent pay contracts are po which play a sitively related to the presence of unions. Their role enhances the probability of decentralized agreements typi role cally enhance flexibility in work organization and pay. In addition, it has been found that unions may in negotiating responses to economic volatility and uncertainty
collective bargaining, contingent pay, unions
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Database: Airiti Library
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