Long-run effects of health shocks in a highly regulated labour market
Michele Belloni (),
Antonella Bena (),
Elena Farina (),
Irene Simonetti () and
Francesca Zantomio ()
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Antonella Bena: Department of Epidemiology, ASL TO3 Grugliasco, Turin
Elena Farina: Department of Epidemiology, ASL TO3 Grugliasco, Turin
Irene Simonetti: Department of Economics, University Of Venice Cà Foscari
No 2019: 32, Working Papers from Department of Economics, University of Venice "Ca' Foscari"
Based on administrative data covering employment, social security and hospital record histories, we investigate the effect of acute cardiovascular health shocks resulting in unplanned hospitalisation, on blue collars’ long-term labour outcomes in Italy. The Italian institutional setting, characterised by a highly regulated labour market and high job protection, is different from that of countries – mainly Nordic and Anglo-Saxon – covered in previous studies. We apply matching and parametric regression techniques to remove possible bias arising from observable and time-invariant unobservable confounders. Results point at sizeable and persistent reductions in employment and labour income, while hours and wage adjustments appear limited. Whereas a relatively generous social insurance system might compensate the earnings loss, our findings question the appropriateness of existing labour inclusion policies.
Keywords: Health shocks; employment; labour market institutions; administrative data (search for similar items in EconPapers)
JEL-codes: I10 J22 J24 J31 C14 (search for similar items in EconPapers)
Pages: 53 pages
New Economics Papers: this item is included in nep-eur, nep-hea and nep-lma
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Working Paper: Long-run effects of health shocks in a highly regulated labour market (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2019:32
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