An Empirical Micro Matching Model with an Application to Italy and Spain PDF Download
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Author: Franco Peracchi
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 40
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Book Description
Author: Franco Peracchi
Publisher:
ISBN:
Category : Labor market
Languages : en
Pages : 40
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Book Description
Author: Mr.Alvar Kangur
Publisher: International Monetary Fund
ISBN: 1484348117
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
The growth of Italian exports has lagged that of euro area peers. Against the backdrop of unit labor costs that have risen faster than those in euro area peers, this paper examines whether there is a competitiveness challenge in Italy and evaluates the framework of wage bargaining. Wages are set at the sectoral level and extended nationally. However, they do not respond well to firm-specific productivity, regional disparities, or skill mismatches. Nominally rigid wages have also implied adjustment through lower profits and employment. Wage developments explain about 45 percent of the manufacturing unit labor cost gap with Germany. In a search-and-match DSGE model of the Italian labor market, this paper finds substantial gains from moving from sectoral- to firm-level wage setting of at least 3.5 percentage points lower unemployment (or higher employment) rate and a notable improvement in Italy’s competitiveness over the medium term.
Author: Silvia Fabiani
Publisher:
ISBN:
Category : Pricing
Languages : en
Pages : 60
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Author: Paola Caselli
Publisher:
ISBN:
Category : Argentina
Languages : en
Pages : 50
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Author: Luigi Guiso
Publisher:
ISBN:
Category : Households
Languages : en
Pages : 52
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Author: Piero Cipollone
Publisher:
ISBN:
Category : Fixed-term labor contracts
Languages : en
Pages : 52
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Author: Roberto Felici
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 60
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Author: Paolo Angelini
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 44
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Author: Luca Casolaro
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 68
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Author: Massimo Omiccioli
Publisher:
ISBN:
Category : Commercial credit
Languages : en
Pages : 60
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