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Family Income and Wealth, Youth Unemployment and Active Labour Market Policies

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  • Fiorella Kostoris Padoa Schioppa
  • Claudio Lupi

Abstract

This paper studies some features of unemployment in Italy using cross section individual micro data. Since unemployment is particularly harsh with respect to youths, interest is focused on 15-29-year-old youngsters. The analysis is carried out using standard logit models and the results show that personal and family characteristics play an essential role in shaping youth activity and unemployment rates of short and long duration, together with product market conditions and labour market features. In particular, the income effect seems relevant for participation decisions, while the family wealth helps in reducing youth unemployment. Various policy instruments might be able to reduce youth unemployment, especially if these instruments are targeted through means-testing on family income and wealth and through a proper distinction between the first job seekers and the strictly unemployed.

Suggested Citation

  • Fiorella Kostoris Padoa Schioppa & Claudio Lupi, 2002. "Family Income and Wealth, Youth Unemployment and Active Labour Market Policies," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(4), pages 407-416.
  • Handle: RePEc:taf:irapec:v:16:y:2002:i:4:p:407-416
    DOI: 10.1080/02692170210161147
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    References listed on IDEAS

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    1. Nickell, Stephen & Layard, Richard, 1999. "Labor market institutions and economic performance," Handbook of Labor Economics,in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 46, pages 3029-3084 Elsevier.
    2. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
    3. Oswald Andrew J., 1996. "A Conjecture on the Explanation for High Unemployment in the Industrialized Nations : Part I," The Warwick Economics Research Paper Series (TWERPS) 475, University of Warwick, Department of Economics.
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    Cited by:

    1. Enrico MARELLI & Elena VAKULENKO, 2014. "Youth Unemployment in Italy and Russia: Aggregate Trends and the Role of Individual Determinants," Working papers of the Department of Economics - University of Perugia (IT) 0001/2014, Università di Perugia, Dipartimento Economia.
    2. Basile, Roberto & Padoa Schioppa, Fiorella Kostoris, 2002. "Unemployment Dynamics of the 'Mezzogiornos of Europe': Lessons for the Mezzogiorno of Italy," CEPR Discussion Papers 3594, C.E.P.R. Discussion Papers.
    3. Padoa Schioppa, Fiorella Kostoris, 1999. "Regional Aspects of Unemployment in Europe and in Italy," CEPR Discussion Papers 2108, C.E.P.R. Discussion Papers.

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