Unemployment and labor force participation in Italy

Francesco Nemore, Rocco Caferra and Andrea Morone

International Journal of Manpower, 2021, vol. 42, issue 8, 1440-1449

Abstract: Purpose - Our main purpose is to test the unemployment invariance hypothesis in Italy. Design/methodology/approach - This paper provides an empirical investigation of the unemployment and labor force participation in Italy. Findings - Cointegration analysis results strongly suggest a clear long-run relationship between unemployment and labor force participation revealing a persistent and general added worker effect. Originality/value - Our results seem to confute the unemployment invariance hypothesis.

Keywords: Cointegration; Added worker; Unemployment invariance hypothesis; E24 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijmpps:ijm-07-2020-0343

DOI: 10.1108/IJM-07-2020-0343

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