A Macro-Micro Econometric Model for the Italian Labour Market

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1 Citazioni (Scopus)

Abstract

In this paper we propose a new macro-micro econometric framework which incorporates both aggregate labour demand and supply, and the labour market flows which determine the steady-state unemployment rate. Thus, we can simulate either demand or supply shocks and therefore assess their impacts on labour demand and supply, and also on unemployment and labour market flows. This enables us to pinpoint the dynamic effects of such shocks.
Lingua originaleEnglish
pagine (da-a)5-30
Numero di pagine26
RivistaRivista Internazionale di Scienze Sociali
Volume2013
Stato di pubblicazionePubblicato - 2013

Keywords

  • labour market econometric model
  • labour market flows
  • simulation
  • steady-state unemployment rate

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