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Regional Unemployment In Italy: Sources And Cures, Maurizio Baussola, Riccardo Fiorito
Regional Unemployment In Italy: Sources And Cures, Maurizio Baussola, Riccardo Fiorito
riccardo fiorito
A regional model of Italy analyzes unemployment responses to supply and demand shocks in the market for labor and goods. Both supply and demand components of unemployment are endogenous. Employment has low elasticity to output in Southern Italy where labor force increases more because of demographic and participation changes. This also makes it difficult to close the gap between this region and the most developed areas of the country.