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A macro-micro econometric model for the italian labour market

Author

Listed:
  • Maurizio Baussola

    () (Department of Economic and Social Sciences, Universita` Cattolica del Sacro Cuore, Piacenza)

  • Laura Barbieri

    () (Department of Economic and Social Sciences, Universita` Cattolica del Sacro Cuore, Piacenza)

  • Chiara Mussida

    () (Department of Economic and Social Sciences, Universita` Cattolica del Sacro Cuore, Piacenza)

Abstract

In this paper we propose a new macro-micro econometric framework which incorporates both aggregate labour demand and supply, and the labour market flows which determine the steady-state unemployment rate. Thus, we can simulate either demand or supply shocks and therefore assess their impacts on labour demand and supply, and also on unemployment and labour market flows. This enables us to pinpoint the dynamic effects of such shocks.

Suggested Citation

  • Maurizio Baussola & Laura Barbieri & Chiara Mussida, 2013. "A macro-micro econometric model for the italian labour market," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(1), pages 5-30.
  • Handle: RePEc:vep:journl:y:2013:v:121:i:1:p:5-30
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    More about this item

    Keywords

    labour market econometric model; labour market flows; steady-state unemployment rate; simulation;

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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