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Italy in 2007 and 2011. We measure the severity of the recession in terms of increases in the adult and youth unemployment … unemployment rate worsens the financial condition of the family, raising the drop-out probability. On the other hand, by reducing … the opportunity cost of tertiary education, an increase in the youth unemployment rate reduces the drop-out probability …
Persistent link: https://www.econbiz.de/10011105134
The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In principal-agent models withmoral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level of effort. We use a long panel of matched...
Persistent link: https://www.econbiz.de/10005113536
We analyze the problem of strategic poaching of consultants by clients with particular reference to the business consulting industry. This article presents a market equilibrium in a mixed economy where three categories of agents, consulting groups, client firms and consultants strategically...
Persistent link: https://www.econbiz.de/10005609363
The article surveys the main actions, either defined by social partners or by government intervention, which have attempted to encourage firm-level bargaining decentralization in recent years. The overall structure and the relative importance of different levels of bargaining have not however...
Persistent link: https://www.econbiz.de/10011100345
The volume collects the essays presented at the 14th Workshop on Public Finance organised by Banca d'Italia in Perugia from 29 to 31 March 2012. The workshop focused on the interaction between fiscal policy and growth and was organised in four sessions. The first session dealt with the...
Persistent link: https://www.econbiz.de/10011277928
The volume collects the essays presented at the 13th Workshop on Public Finance organised by Banca d'Italia in Perugia on 31 March-2 April 2011. The workshop concentrated on the measures aimed at guaranteeing sustainable budget policies in the aftermath of the global crisis started in 2008,...
Persistent link: https://www.econbiz.de/10011277930
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
In the 1970s, large increases in the price of oil were associated with sharp decreases in output and large increases in inflation. In the 2000s, even larger increases in the price of oil were associated with much milder movements in output and inflation. Using a structural VAR approach,...
Persistent link: https://www.econbiz.de/10009386390
In this paper I estimate the impact of changes in real and financial wealth � proxied by house and stock market prices � on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using recent econometric techniques for heterogeneous...
Persistent link: https://www.econbiz.de/10009645796