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Istituzioni e mercato del lavoro nel Mezzogiorno d'Italia: un'analisi dinamica

Author

Listed:
  • Margherita Scarlato

    (Federico II University of Naples)

  • Marisa Cenci

    (University of Roma Tre)

Abstract

In this paper a stochastic model is used to analyse the matching process between skills demand and supply in a segmented labor market. We find the steady state solution of the dynamic system and we address the issue of the necessary conditions for the existence of a steady state and for the emergence of a “good” outcome i.e. an equilibrium towards the high level steady state. In a second step we discuss the sensitivity of the endogenous dynamics to parameters changes due to policy/institutional reforms. Last within this framework we discuss labor market frictions in the Mezzogiorno of Italy [JEL Code: D81, D83, J42].

Suggested Citation

  • Margherita Scarlato & Marisa Cenci, 2004. "Istituzioni e mercato del lavoro nel Mezzogiorno d'Italia: un'analisi dinamica," GE, Growth, Math methods 0402002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpge:0402002
    Note: Type of Document - pdf; prepared on Win98; to print on hp laserjet 1300; pages: 39. 39 pages, pdf
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    References listed on IDEAS

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    1. Olivier Jean Blanchard & Peter Diamond, 1994. "Ranking, Unemployment Duration, and Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(3), pages 417-434.
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    9. Andrea Lavezzi, 2001. "Segmentazione del mercato del lavoro ed acquisizione di capitale umano: un'applicazione delle catene di Markov," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2001(73).
    10. Dmitriy Stolyarov & Boyan Jovanovic, 2000. "Optimal Adoption of Complementary Technologies," American Economic Review, American Economic Association, vol. 90(1), pages 15-29, March.
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    Cited by:

    1. Fabrizio Erbetta & Carmelo Petraglia, 2011. "Drivers of Regional Efficiency Differentials in Italy: Technical Inefficiency or Allocative Distortions?," Growth and Change, Wiley Blackwell, vol. 42(3), pages 351-375, September.

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    More about this item

    Keywords

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    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets

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