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Wage Equalization and Regional Misallocation: Evidence from Italian and German Provinces / Tito Boeri, Andrea Ichino, Enrico Moretti, Johanna Posch.
- Format:
- Book
- Author/Creator:
- Boeri, Tito.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25612.
- NBER working paper series no. w25612
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Wage Equalization and Regional Misallocation
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- Italy and Germany have similar geographical differences in productivity - North more productive than South in Italy; West more productive than East in Germany - but have adopted different models of wage bargaining. Italy sets wages based on nationwide contracts that allow for limited local wage adjustments, while Germany has moved toward a more flexible system that allows for local bargaining. The Italian system has significant costs in terms of forgone aggregate earnings and employment because it generates a spatial equilibrium where workers queue for jobs in the South and remain unemployed while waiting. Our findings are relevant for other European countries.
- Notes:
- Print version record
- February 2019.
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