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

Eswar Prasad and Francesca Utili

No 1998/042, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; unemployment rate; employment-population ratio; employment probability; wage differentiation; Employment and wage structures; labor market institutions; rigidities; policy implications; labor force; average earnings; wage contract; income support; indexation system; employment growth; temporary work; replacement ratio; earnings differential; employment intermediation; Wages; Employment; Labor markets; Labor force; Europe; nominal wage growth (search for similar items in EconPapers)
Pages: 49
Date: 1998-04-01
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Citations: View citations in EconPapers (17)

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