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The Ruling Class
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The Ruling Class: Management and Politics in Modern Italy

Tito Boeri, Antonio Merlo, and Andrea Prat

Abstract

The ruling class plays a major role in our societies. It makes possible what would otherwise be infeasible, by shifting out those constraints that stand in the way of long-term growth. Historically, economists devoted far less attention than sociologists to the study of ruling classes. Using the theoretical tools of economists, this book 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 ... More

Keywords: ruling class, politics, firms, incentives, career, performance, politicians, income, executives, managers

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199588282
Published to Oxford Scholarship Online: January 2011 DOI:10.1093/acprof:oso/9780199588282.001.0001

Authors

Affiliations are at time of print publication.

Tito Boeri, editor
Professor of Economics, Università Bocconi, Italy
Author Webpage

Antonio Merlo, editor
Professor of Economics and Director, Penn Institute for Economic Research, University of Pennsylvania, USA

Andrea Prat, editor
Professor of Economics, London School of Economics and Political Science, UK
Author Webpage

Contents

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Introduction

Tito Boeri, Antonio Merlo, and Andrea Prat

Part I The Labour Market of Italian Politicians

Antonio M. Merlo, Vincenzo Galasso, Massimiliano Landi, and Andrea Mattozzi

Introduction

Antonio M. Merlo, Vincenzo Galasso, Massimiliano Landi, and Andrea Mattozzi

1 Institutional Background

Antonio M. Merlo, Vincenzo Galasso, Massimiliano Landi, and Andrea Mattozzi

2 Stylized Facts

Antonio M. Merlo, Vincenzo Galasso, Massimiliano Landi, and Andrea Mattozzi

3 Analysis and Conclusions

Antonio M. Merlo, Vincenzo Galasso, Massimiliano Landi, and Andrea Mattozzi

Part II Italian Managers: Fidelity or Performance?

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

Introduction

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

4 Overview

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

5 Data Sources

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

6 Managers' Characteristics

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

7 Firms' Managerial Policies

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

8 Fidelity versus Performance

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun

9 Conclusions

Andrea Prat, Oriana Bandiera, Luigi Guiso, and Raffaella Sadun