<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This article discusses the case of the minimimum wage for Italy as a policy instrument to foster both social justice and productive efficiency. After briefly reviewing the empirical evidence on the effects of minimum wages upon employment, wage distribution and firm-level reallocation, it presents a series of channels, from the micro to the macro level that can represent transmission mechanisms able to trigger positive feedback loops in the macroeconomic system.</p>
</abstract>

This article discusses the case of the minimimum wage for Italy as a policy instrument to foster both social justice and productive efficiency. After briefly reviewing the empirical evidence on the effects of minimum wages upon employment, wage distribution and firm-level reallocation, it presents a series of channels, from the micro to the macro level that can represent transmission mechanisms able to trigger positive feedback loops in the macroeconomic system.

Minimum Wage for Italy: From Social Justice to Productive Efficiency

Intereconomics

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Minimum Wage for Italy: From Social Justice to Productive Efficiency"}

This article discusses the case of the minimimum wage for Italy as a policy instrument to foster both social justice and productive efficiency. After briefly...

Minimum Wage for Italy: From Social Justice to Productive Efficiency

Published Online: Aug 15, 2024

Page range: 231 - 235

DOI: https://doi.org/10.2478/ie-2024-0046

© 2024 Giovanni Dosi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.