A macro-micro econometric model for the italian labour market

Maurizio Baussola (), Laura Barbieri and Chiara Mussida

Rivista Internazionale di Scienze Sociali, 2013, vol. 121, issue 1, 5-30

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.

Keywords: labour market econometric model; labour market flows; steady-state unemployment rate; simulation (search for similar items in EconPapers)
JEL-codes: E1 E17 R2 R23 (search for similar items in EconPapers)
Date: 2013
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