age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … relative number of older workers for a given labor force size has no effect on young and old unemployment. If, however, unions … attach a higher weight to the wishes of the old, the unemployment rate of the old (young) will increase (decrease). In this …

age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … relative number of older workers for a given labor force size has no effect on young and old unemployment. If, however, unions … attach a higher weight to the wishes of the old, the unemployment rate of the old (young) will increase (decrease). In this …

share of long-term unemployment. The rise in unemployment and its persistently high level have been blamed, both in Italy … of unemployment. An additional dimension of "segmentation" also characterizes the Italian labour market, notably the 30 … percent's unemployment rate in the South (6 percent in the North) and the presence of a large share of the labour force …