The Ruling Class: Management and Politics in Modern Italy

Hardcover | October 15, 2010

EditorTito Boeri, Antonio Merlo, Andrea Prat

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The ruling class plays a major role in society. It makes possible what would otherwise be infeasible, by removing constraints that may stand in the way of long-term growth. Historically, economists devoted far less attention than sociologists to the study of ruling classes. Using thetheoretical tools of economists, this volume provides an understanding of what drives the formation of a ruling class, and the relationship between politics and business firms. Focusing on Italy, it uses labour economics to analyse the selection of the ruling class, the labour market of politicians,the allocation of managers' time, and their incentives, remunerations, and career paths. It draws on contributions from two teams of leading scholars and on research undertaken by the Fondazione Rodolfo DeBenedetti. Part I focuses on the labour market of politicians. It uses detailed information on personal characteristics, incomes, performance in office, and career paths (both before and after the Parliamentary mandate) of all the politicians elected to the Italian Lower Chamber (Camera) between 1948 and 2008.This is the first time that this information has been gathered and summarized in key indicators. Part II is devoted to the managerial class. It includes cross-country surveys of managers across a sample of European countries, surveys carried out in cooperation with the largest union of managers inthe service sector, social security records, and, for the first time, surveys on the allocation of time for top executives.

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The ruling class plays a major role in society. It makes possible what would otherwise be infeasible, by removing constraints that may stand in the way of long-term growth. Historically, economists devoted far less attention than sociologists to the study of ruling classes. Using thetheoretical tools of economists, this volume provides...

Tito Boeri is Professor of Economics at Bocconi University, Milan and acts as Scientific Director of the Fondazione Rodolfo DeBenedetti. He is research fellow at CEPR, IZA, and Igier-Bocconi. His research interests include labour economics, redistributive policies, and political economics. He has published with Oxford University Press...

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Format:HardcoverDimensions:272 pagesPublished:October 15, 2010Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199588287

ISBN - 13:9780199588282

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Table of Contents

Part I: The Labor Market of Italian PoliticiansAntonio M. Merlo, Vincenzo Galasso, Massimiliano Landi and Andrea Mattozzi: 1. Institutional background2. Stylized facts3. Analysis and conclusionsAppendixComments by Giuliano Amato and Lucrezia ReichlinPart II: Italian Managers: Fidelity or Performance?Andrea Prat, Oriana Bandiera, Luigi Guiso and Raffaella Sadun: 4. Overview5. Data sources6. Managers' characteristics7. Firms' managerial policies8. Fidelity vs perfomance: managers' selection, effort, and outcomes9. ConclusionsComments by Vittorio Colao and Luigi Zingales