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Titel
The institutional adjustment margin to import competition: evidence from Italian minimum wages / Alessia Matano (Universitat de Barcelona and AQR), Paolo Naticchioni (University of Roma Tre, INPS-DCSR and IZA), Francesco Vona (OFCE Sciences-Po, Université Côte d'Azur, SKEMA and CMCC Ca' Foscari) ; IZA Institute of Labor Economics
VerfasserMatano, Alessia ; Naticchioni, Paolo ; Vona, Francesco
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, October 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (27 Seiten) : Diagramme
SerieDiscussion paper ; no. 12714
URNurn:nbn:de:hbz:5:2-203023 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
The institutional adjustment margin to import competition: evidence from Italian minimum wages [0.37 mb]
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Zusammenfassung

A growing body of research has contributed to understanding the labor market and political effects of globalization. This paper explores an overlooked aspect of trade-induced adjustments in the labor market: the institutional aspect. We take advantage of the two- tier collective bargaining structure of the Italian labor market, whereby the first tier entails setting minimum wages at the contract level. Using an instrumental variable strategy and exploiting variations in contract-level exposure to trade, we find for the 1995-2003 period that, on average, the surge in imports decreased contractual minimum wages by 1.5%. This impact increases in the share of unskilled workers employed in the contract. This negative institutional effect contrasts with a nonsignificant effect of trade on total wages, with the latter becoming positive and large only for highly skilled workers.