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Measuring the impact of the crisis on unemployment and household income

Listed author(s):
  • Tindara Addabbo

    ()

  • Rosa García-Fernández

    ()

  • Carmen Llorca-Rodríguez

    ()

  • Anna MAccagnan

    ()

Data on household's living conditions that would allow for measuring the impact of the crisis on income and well-being are available with more than one year delay. Therefore, they avoid an early assessment of the impact of the economic shocks. In order to get this current estimation, we propose a nowcasting approach by using different sources of data. Then, this microsimulation method is applied to Italy in order to validate it. Data have been drawn from the European Statistics on Income and Living Conditions Survey for Italy (IT SILC) and from the Labour Force Survey for Italy. The latter data allow us to take into account the changes on the employment status of individuals due to the economic shocks. The validation results support the capability of the model to simulate the effect of the cycle before actual data on income are available.

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File URL: http://155.185.68.2/campusone/web_dep/CappPaper/Capp_p113.pdf
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Paper provided by Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi" in its series Center for the Analysis of Public Policies (CAPP) with number 0113.

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Length: pages 33
Date of creation: Mar 2014
Handle: RePEc:mod:cappmo:0113
Contact details of provider: Web page: http://www.capp.unimore.it

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