Reinterpreting social pacts: Theory and evidence |
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Authors: | Emilio Colombo Patrizio Tirelli Jelle Visser |
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Institution: | 1. University of Milano-Bicocca, Piazza Ateneo Nuovo 1, Edificio U6, 20126 Milano, Italy;2. AIAS, University of Amsterdam, Plantage Muidergracht 12, 1018 TV Amsterdam, The Netherlands |
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Abstract: | We investigate the empirical determinants of social pacts over the 1970–2004 period. We adopt a political economy approach, showing that governments are more likely to sign a pact when the cost of a conflict with trade unions is relatively larger. Such a cost depends on macroeconomic variables and on measures of social conflict and union strength. These findings are remarkably stable across sub-periods, in apparent contrast with previous contributions that emphasised differences between first- and second-generation pacts. Our interpretation is that pacts were different across periods because the policy issues changed, but the incentives to seek union consensus did not. |
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Keywords: | J50 E63 |
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