The Italian Labor Market: Recent Trends, Institutions, and Reform Options

March 1, 2009

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Format: Chicago

Martin Schindler. The Italian Labor Market: Recent Trends, Institutions, and Reform Options, (USA: International Monetary Fund, 2009) 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

Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country perspective, and discusses possible avenues for further reform. The policy discussion draws on international reform experience and on simulations based on a calibrated labor market matching model. A key lesson is that the details of reform design, and the sequencing of reforms, matter greatly for labor market outcomes and for the fiscal costs associated with these reforms.

Subject: Commodity markets, Employment, Financial markets, Labor, Labor market reforms, Labor markets, Wages

Keywords: Commodity markets, Employment, Europe, Fiscal policy, Italy, Labor market, Labor market outcome, Labor market reforms, Labor markets, Matching model, Product market, Product market deregulation, Product market regulation, Product markets, Reform benefit, Reform measure, Regulations, Wage, Wages, WP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/047
Stock No:

WPIEA2009047
ISBN:

9781451871951
ISSN:

1018-5941

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