Adamopoulou, Effrosyni; Tanzi, Giulia Martina - Banca d'Italia - 2014
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 …