The Politics of Structural Reforms
Social and Industrial Policy Change in Italy and Japan
Edited by Hideko Magara and Stefano Sacchi
Extract
In the present chapter, we provide a brief overview of the most relevant changes that have occurred in the Italian labour market in recent years. After reviewing what can, rightly or wrongly, be considered an economic miracle, we show that signs of fragility were already detectable early on, and the crisis that began in 2008 just made them evident to the general public. Thus, Italy maintains its upward trend in income inequality, which has not been reversed by the employment ‘bubble’. Among the potential structural reasons for this inequality, we indicate the decline in unionization, which goes hand in hand with a decline in labour share.
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