English Abstract: This paper analyses the Italian system of social shock absorbers (unemployment benefits and short … counterpart. The most critical aspects involve: poor implementation and coordination of the ALMPs with the unemployment benefit …

presence of non market clearing equilibria. In the first part it is shown how rigidity determines involuntary unemployment … unemployment) or from wage rigidity in the labour market (classical unemployment). In the second part two labour market models are … contrary, that involuntary unemployment is consistent with the first postulate of the neoclassical model that is the identity …