The paper analyses the labour market in a framework of New Keynesian Economics (NKE). The aim of the NKE is to provide micro foundations to the main result of the Keynesian model, that is the rigidity of prices and wages as well as the presence of non market clearing equilibria. In the first...

This paper confronts Greenwald's model of adverse selection in the labour market, with Topel and Ward's model of job shopping. According to Greenwald's contribution, in a sequence of periods, workers' freedom to change jobs is seriously reduced by a process of adverse selection. The labour...

One of the most widely cited labour market indicators, the unemployment rate, is based on a conventional definition of unemployment. In Italy, following the ILO recommendations, the �unemployed� category comprises all persons who state to look for a job, to be immediately available for...

Italian Abstract: La tecnologia consente scambi di beni e servizi un tempo impensabili in termini di tempi e costi. Questa possibilità nuova (la vera New economy) richiede, per il lavoro necessario alla sua realizzazione, una nuova declinazione, legata più al versante dello scambio che a...