This paper contributes to the debate on the design of a centralised fiscal tool absorbing country-specific negative shocks in the euro area. Based on theoretical insights, it identifies the broad characteristics that a shock absorber based on unemployment should have in order to be...

Italian Abstract: Il lavoro fornisce una rassegna degli sviluppi recenti delle relazioni industriali, sia sul piano delle regole, sia sul piano dei risultati della contrattazione. Si assiste a una crescente frammentazione nel panorama della contrattazione nazionale, con la diffusione di accordi...

Motivated by the magnitude and cyclicality of transitions into and out of the labour force, we jointly estimate natural unemployment and participation rates through a forward-looking Phillips curve informed by structural labour market flows and demographic trends. We find that the estimated...

The aim of this paper is to give a detailed description of TABEITA, the tax-benefit Micro Simulation Model (MSM) developed and maintained at Econpubblica (Center for Research on the Public Sector, Bocconi University) for the analysis of the redistributive impact of the Italian Personal Income...

Following the two surveys carried out in 2007 and 2009 on firms' price and wage setting practices, in June 2013 the ESCB's Wage Dynamics Network (WDN) conducted a third survey aimed at assessing, through a harmonised questionnaire, the most important transformations under way in the national...

We suggest the use of an Internet job-search indicator (the Google Index, GI) as the best leading indicator to predict the US unemployment rate. We perform a deep out-of-sample forecasting comparison analyzing many models that adopt both our preferred leading indicator (GI), the more standard...

In this paper we analyse the impact of immigrants on the type and quantity of natives’ jobs. We use data on fifteen Western European countries during the 1996-2010 period. We find that immigrants, by taking up manual-routine type of occupations pushed natives towards more “complex”...

In this paper we analyze the effect of immigrants on natives' job specialization in Western Europe. We test whether the inflow of immigrants changes employment rates or the chosen occupation of natives with similar education and age. We find no evidence of the first and strong evidence of the...

Italian Abstract: Il lavoro fornisce una rassegna dei principali interventi, definiti dalle parti sociali o di iniziativa governativa, che hanno cercato di favorire il decentramento degli assetti contrattuali negli ultimi anni. Sono state introdotte numerose innovazioni che non hanno tuttavia...