The Italian Labor Market: Recent Trends, Institutions, and Reform Options
March 1, 2009
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Summary
Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country perspective, and discusses possible avenues for further reform. The policy discussion draws on international reform experience and on simulations based on a calibrated labor market matching model. A key lesson is that the details of reform design, and the sequencing of reforms, matter greatly for labor market outcomes and for the fiscal costs associated with these reforms.
Subject: Commodity markets, Employment, Financial markets, Labor, Labor market reforms, Labor markets, Wages
Keywords: Commodity markets, Employment, Europe, fiscal policy, Italy, labor market, labor market outcome, Labor market reforms, Labor markets, matching model, product market, product market deregulation, product market regulation, product markets, reform benefit, reform measure, regulations, wage, Wages, WP
Pages:
24
Volume:
2009
DOI:
Issue:
047
Series:
Working Paper No. 2009/047
Stock No:
WPIEA2009047
ISBN:
9781451871951
ISSN:
1018-5941
