This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. We show that if negotiations between these two parties only relate to macroeconomic policies and unions are not assumed to be inflation-averse, corporatism can never be beneficial to both parties. As corporatist policies are nevertheless commonly observed in this context, we discuss possible explanations that reconcile the theory with actual observations. The policy implications of these explanations are also discussed.
Is there any scope for corporatism in macroeconomic policies? / Acocella, Nicola; DI BARTOLOMEO, Giovanni; W., Pauwels. - In: EMPIRICA. - ISSN 0340-8744. - STAMPA. - 37(4):4(2010), pp. 403-424. [10.1007/s10663-009-9115-6]
Is there any scope for corporatism in macroeconomic policies?
ACOCELLA, Nicola;DI BARTOLOMEO, Giovanni;
2010
Abstract
This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. We show that if negotiations between these two parties only relate to macroeconomic policies and unions are not assumed to be inflation-averse, corporatism can never be beneficial to both parties. As corporatist policies are nevertheless commonly observed in this context, we discuss possible explanations that reconcile the theory with actual observations. The policy implications of these explanations are also discussed.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.