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Minimum and maximum wages: introducing both can reduce inequalities without harming employment or growth
A Ecohesion study published in Economic Modelling explores the effects of wage regulation in Italy
Minimum and maximum wage: a University of Pisa study shows positive effects on inequality and social cohesion
A new study by the University of Pisa, published in Economic Modelling, shows that introducing both a minimum wage and a maximum wage in Italy could reduce inequalities without harming employment or growth.
The simulations suggest that a minimum wage of 10 euros per hour would help reduce in-work poverty and support lower incomes, while a maximum wage of 40 euros per hour would limit excessive salaries at the top and help reduce the gender pay gap.
The research shows that these two measures can work together in a balanced way: one protects lower-paid workers, while the other limits wage concentration, without creating major negative effects on the economy.
The study was carried out by researchers from the Ecohesion Collective at the University of Pisa and the Scuola Normale Superiore. In a country where real wages have fallen over the last thirty years, this research offers an important contribution to the debate on inequality, social cohesion and economic stability.
Minimum and maximum wage: a University of Pisa study shows positive effects on inequality and social cohesion
A new study by the University of Pisa, published in Economic Modelling, shows that introducing both a minimum wage and a maximum wage in Italy could reduce inequalities without harming employment or growth.
The simulations suggest that a minimum wage of 10 euros per hour would help reduce in-work poverty and support lower incomes, while a maximum wage of 40 euros per hour would limit excessive salaries at the top and help reduce the gender pay gap.
The research shows that these two measures can work together in a balanced way: one protects lower-paid workers, while the other limits wage concentration, without creating major negative effects on the economy.
The study was carried out by researchers from the Ecohesion Collective at the University of Pisa and the Scuola Normale Superiore. In a country where real wages have fallen over the last thirty years, this research offers an important contribution to the debate on inequality, social cohesion and economic stability.