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Labour Market and Decentralized Decision-making: An Institutional Approach

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  • Adalgiso Amendola
  • Floro Ernesto Caroleo
  • Maria Rosaria Garofalo

Abstract

The persistent failure in the labour market is due to uncertainty and asymmetric information, and relies on a reconsideration of the bargaining process. This process is not generated by individual action but rather by the behaviour of social groups and institutions in which State intervention can immprove the efficiency in matching demand and supply. In this framework we will discuss the ways by which institutional decentralization can be implemented in a labour market characterized by deep regional differences and by long-term unemployment persistence as in Italy. The main conclusion is that this policy option better fits the active labour policies. In fact the actual aim of such supply-side policies is to reduce the regional and skill mismatches and therefore it needs a substantial involvement of local public agencies. Copyright Fondazione Giacomo Brodolini and Blackwell Publishers Ltd 1997.

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Bibliographic Info

Article provided by CEIS in its journal Labour.

Volume (Year): 11 (1997)
Issue (Month): 3 (November)
Pages: 497-516

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Handle: RePEc:bla:labour:v:11:y:1997:i:3:p:497-516

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Cited by:
  1. Floro Ernesto Caroleo – Gianluigi Coppola & Gianluigi Coppola, 2005. "The Impact of the Institutions on Regional Unemployment Disparities," CELPE Discussion Papers 98, CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy.
  2. Floro Ernesto Caroleo, 2000. "Le Politiche per l'Occupazione in Europa: una Tassonomia Istituzionale," CELPE Discussion Papers 52, CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy.
  3. Floro Ernesto Caroleo & Gianluigi Coppola, 2005. "The impact of institutions on Regional unemployment disparities," ERSA conference papers ersa05p758, European Regional Science Association.
  4. Floro Ernesto Caroleo & Gianluigi Coppola, 2006. "Le cause dei divari regionali della disoccupazione in Europa," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2006(1).
  5. Carlo Altavilla & Floro Ernesto Caroleo, 2011. "Asymmetric Effects of National-based Active Labour Market Policies," CSEF Working Papers 293, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  6. Altavilla, Carlo & Caroleo, Floro Ernesto, 2009. "Unintended Effects of National-based Active Labour Market Policies," IZA Discussion Papers 4045, Institute for the Study of Labor (IZA).

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