The Italian Labor Market: Stylized Facts, Institutions, and Directions for Reform

April 1, 1998

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Eswar S Prasad, and Francesca Utili. The Italian Labor Market: Stylized Facts, Institutions, and Directions for Reform, (USA: International Monetary Fund, 1998) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper provides a synthesis of existing and new empirical perspectives on the structure of the Italian labor market, using data at different levels of disaggregation. The analysis indicates that aggregate data mask considerable disparities in labor market outcomes across regions and demographic groups. The evolutions of sectoral wage and employment structures also point to some dimensions of labor market rigidities. A micro data set with individual data is then used to highlight key structural problems that affect labor supply and demand. The implications of these different strands of empirical analysis for the formulation and effective implementation of labor market policy are then discussed.

Subject: Employment, Labor, Labor force, Labor markets, Unemployment, Wages

Keywords: Average earnings, Earnings differential, Employment, Employment and wage structures, Employment growth, Employment intermediation, Employment probability, Employment-population ratio, Europe, Income support, Indexation system, Labor force, Labor force, Labor market institutions, Labor markets, Nominal wage growth, Policy implications, Replacement ratio, Rigidities, Temporary work, Unemployment rate, Wage contract, Wage differentiation, Wages, WP

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1998/042
Stock No:

WPIEA0421998
ISBN:

9781451975918
ISSN:

1018-5941

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