Minimum Wage for Italy: From Social Justice to Productive Efficiency

Dosi, Giovanni; Virgillito, Maria Enrica

doi:10.2478/ie-2024-0046

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.

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Minimum Wage for Italy: From Social Justice to Productive Efficiency

Abstract

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