The Italian Labor Market: Recent Trends, Institutions, and Reform Options
AbstractDespite 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 09/47.
Date of creation: 01 Mar 2009
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-02 (All new papers)
- NEP-EEC-2009-05-02 (European Economics)
- NEP-LAB-2009-05-02 (Labour Economics)
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