Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/325109 
Year of Publication: 
2025
Series/Report no.: 
IZA Discussion Papers No. 18051
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This study documents the evolution of minimum wages bargained in Italian private sector collective contracts over a forty-year period (1983-2023). Minimum wages have grown in real levels over the last three decades, particularly among high-skilled occupations, but this growth has been partially eroded by the 2022-2023 inflation crisis. Nominal minimum wage growth is strongly correlated with past inflation and very weakly correlated with sectoral productivity growth and unemployment dynamics, which is consistent with strong coordination across industries and real wage rigidity. Increasing differences between high- and low-skilled occupation minimum wages can explain around one-third of the overall growth in the inequality of full-time equivalent daily wages that has occurred in Italy during the 1990s.
Subjects: 
industrial relations
wage rigidity
wage inequality
minimum wage
collective bargaining
JEL: 
J31
J38
J52
Document Type: 
Working Paper

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