For thirty years, we have explained Italy’s wage stagnation with a simple argument: wages are not rising because productivity is not rising. This explanation is largely true for the economy as a whole. But when we look at individual sectors, the picture changes. And it becomes more political

Pension funds can be a useful tool, but you cannot call it ‘pension reform’ when it essentially just decides who will manage savings that workers were already obliged to set aside. Points for consideration

There are three main factors preventing Italy from translating job growth into higher wages: productivity that has been stagnant for decades, a tax system that penalises labour, and economic policy choices that have prioritised welfare and short-term flexibility. An analysis