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  1. Bargaining power and the Phillips curve
    a micro-macro analysis
    Erschienen: [2020]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1302 (November 2020)
    Schlagworte: Low inflation; Bargaining power; Phillips curve
    Umfang: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  2. Can internet banking affect households' participation in financial markets and financial awareness?
    Erschienen: [2021]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1329 (April 2021)
    Schlagworte: Internet banking; financial market participation; household finance
    Umfang: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  3. Bargaining power and the Phillips curve
    a micro-macro analysis
    Erschienen: 2020
    Verlag:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Schriftenreihe: BIS working papers ; no 903 (November 2020)
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  4. Job-to-job flows and wage dynamics in France and Italy
    Erschienen: [2020]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 563 (June 2020)
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  5. Managerial talent and managerial practices
    are they complements?
    Erschienen: [2021]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1335 (April 2021)
    Schlagworte: Board of directors; managers; corporate governance; productivity; managerial practices
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  6. Career Spillovers in Internal Labor Markets
    Erschienen: 2021
    Verlag:  National Bureau of Economic Research, Cambridge, Mass

    This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities. We exploit a 2011 Italian pension reform that unexpectedly tightened eligibility criteria for the public pension, leading to sudden,... mehr

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    This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities. We exploit a 2011 Italian pension reform that unexpectedly tightened eligibility criteria for the public pension, leading to sudden, substantial, and heterogeneous retirement delays. Using administrative data on Italian private-sector workers, the analysis leverages cross-firm variation to isolate the effect of retirement delays among soon-to-retire workers on the wage growth and promotions of their colleagues. We find evidence of spillover patterns consistent with older workers blocking the careers of their younger colleagues, but only in firms with limited promotion opportunities

     

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    Schriftenreihe: NBER working paper series ; no. w28605
    Schlagworte: Rentenreform; Spillover-Effekt; Interner Arbeitsmarkt; Ältere Arbeitskräfte; Erwerbsverlauf; Karriereplanung; Italien
    Umfang: 1 Online-Ressource, illustrations (black and white)
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  7. I divari territoriali nelle competenze degli studenti
    Erschienen: [2021]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 645 (October 2021)
    Schlagworte: competenze; divari territoriali; funzione di produzione dell’apprendimento
    Umfang: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  8. Labour market concentration, wages and job security in Europe

    We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the... mehr

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    We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job security. We leverage rich administrative linked employer-employee data from Denmark, France, Germany, Italy, Portugal and Spain in the 2010s to provide the first comparable cross-country evidence in the literature. Controlling for productivity and local product market concentration, we show that the elasticities of wages with respect to labour market concentration are strikingly similar across countries: increasing labour market concentration by 10% reduces wages by 0.19% in Germany, 0.22% in France, 0.25% in Portugal and 0.29% in Denmark. Regarding job security, we find that an increase in labour market concentration by 10% reduces the probability of being hired on a permanent contract by 0.46% in France, 0.51% in Germany and 2.34% in Portugal. While not affecting this probability in Italy and Spain, labour market concentration significantly reduces the probability of being converted to a permanent contract once hired on a temporary one. Our results suggest that considering only the effect of labour market concentration on wages underestimates its overall impact on job quality and hence the resulting welfare loss for workers.

     

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    hdl: 10419/263447
    Schriftenreihe: Discussion paper series / IZA ; no. 15231
    Schlagworte: labour market concentration; monopsony; wages; job security
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  9. Labour market concentration, wages and job security in Europe

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    Schriftenreihe: Documento de trabajo / Fedea ; 2022, 04
    Schlagworte: labour market concentration; monopsony; wages; job security
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  10. Optimal trend inflation, misallocation and the pass-through of labour costs to prices
    Erschienen: [2022]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    We show that a sticky price model featuring firms' heterogeneity in terms of productivity and strategic complementarities in price setting delivers a strictly positive optimal inflation in steady state, differently from standard New Keynesian models.... mehr

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    We show that a sticky price model featuring firms' heterogeneity in terms of productivity and strategic complementarities in price setting delivers a strictly positive optimal inflation in steady state, differently from standard New Keynesian models. Due to strategic complementarities, more productive firms have higher markups in steady state. This leads to a misallocation distortion, as more productive firms produce too little compared to the social optimum. An increase of steady state inflation curbs the markups, especially those of the more productive firms, hence attenuating the inefficient dispersion of markups. At low levels of inflation, the gains from the reduction in misallocation outweigh the cost of inflation. Heterogeneity in productivity and strategic complementarities in price setting, the key ingredients of our model, imply that also firms' response to shocks is heterogenous: less productive firms transmit cost shocks to prices much more than more productive ones. To provide empirical support to our key mechanism we resort to a quasi-natural experiment occurred in Italy in late 2014, when a cut to social security contributions for all new open-ended contracts was announced. Consistently with our theory, we show that the pass-through of this shock to labour costs was much stronger for less productive firms.

     

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    ISBN: 9789289954730
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    hdl: 10419/278286
    Schriftenreihe: Working paper series / European Central Bank ; no 2761 (December 2022)
    Schlagworte: optimal inflation rate; price pass-through; labour costs; firm heterogeneity
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  11. The short and medium term effects of full-day schooling on learning and maternal labor supply
    Erschienen: August 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper considers the case of Italy to analyze the short- and medium-term effect of a longer school day in primary school on both students' learning and mothers' labor supply. we rely on unique application-to-primary-school data: first, we control... mehr

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    This paper considers the case of Italy to analyze the short- and medium-term effect of a longer school day in primary school on both students' learning and mothers' labor supply. we rely on unique application-to-primary-school data: first, we control for parental preferences, proxied by individual applications; second, we exploit variation in the probability of attending the full-time (FT) scheme that only stems from nonlinearities in the mix of FT and part-time (PT) applications received by the school and from class size limits set by the law. We show that attending the FT scheme increases Math test scores in grades 2 and 5 and Italian scores in grade 2 by around 4.5% of a standard deviation, but the effects fade away by grade 8. Conversely, there is a positive impact on maternal labor force participation and employment, which is long-lasting (approximately 2 p.p.). No effect is found on fathers' employment. Finally, we find some evidence of negative selection on gains, as the groups of students and mothers for whom the effect seems to be larger are not those more likely to apply to the FT scheme or to attend it conditional on applying.

     

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    hdl: 10419/279076
    Schriftenreihe: Discussion paper series / IZA ; no. 16378
    Schlagworte: time at school; female labor supply; selection into treatment; students' learning
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  12. Women, labour markets and economic growth
    Erschienen: [2023]
    Verlag:  Banca d’Italia, [Rom]

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    Schriftenreihe: Seminari e convegni ; number 26 (June 2023)
    Schlagworte: Gender gaps; STEM; School-to-work transition; Child-penalty; Childcare facilities; Fertility; Tax-transfer system; Gender quotas; Stereotypes; Wage bargaining
    Umfang: 1 Online-Ressource (circa 119 Seiten), Illustrationen
  13. Credit shocks and the European labour market
    Erschienen: [2018]
    Verlag:  De Nederlandsche Bank NV, Amsterdam, the Netherlands

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    Schriftenreihe: Working paper / De Nederlandsche Bank NV ; no. 591 (April 2018)
    Schlagworte: credit difficulties; labour input adjustment; intensive margin
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  14. Has the wage Phillips curve changed in the euro area?
    = La curva di Phillips si è modificata nell'area dell'euro?
    Erschienen: [2016]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 355 (September 2016)
    Schlagworte: Lohnniveau; Phillips-Kurve; Eurozone
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  15. Hiring incentives and/or firing cost reduction?
    Evaluating the impact of the 2015 policies on the Italian labour market = Incentivi alle assunzioni e/o riduzione dei costi di licenziamento?
    Erschienen: [2016]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 325 (March 2016)
    Schlagworte: Arbeitsmarktpolitik; Beschäftigungseffekt; Wirkungsanalyse; Italien
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  16. Entry regulations and labor market outcomes
    evidence from the Italian retail trade sector
    Autor*in: Viviano, Eliana
    Erschienen: 2006

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    Schriftenreihe: Temi di discussione del Servizio Studi / Banca d'Italia ; 594
    Schlagworte: Markteintritt; Erwerbstätigkeit; Einzelhandel; Italien; Marken; Abruzzen
    Umfang: 44 S., graph. Darst.
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  17. Entry barriers in Italian retail trade
    Erschienen: 2007
    Verlag:  Banca d'Italia, Roma

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    Schriftenreihe: Temi di discussione del Servizio Studi / Banca d'Italia ; 616
    Umfang: 39 S., Kt.
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  18. Does the ILO definition capture all unemployment?

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    Schriftenreihe: Temi di discussione del Servizio Studi / Banca d'Italia ; 529
    Schlagworte: Arbeitslosigkeit; Arbeitskräftepotenzial; Definition; Arbeitsuche; EU-Staaten; Italien
    Umfang: 39 S, graph. Darst
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  19. Credit shocks and the European labour market
    Erschienen: [2018]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    More than five years after the start of the Sovereign debt crisis in Europe, its impact on labour market outcomes is not clear. This paper aims to fill this gap. We use qualitative firm-level data for 24 European countries, collected within the Wage... mehr

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    More than five years after the start of the Sovereign debt crisis in Europe, its impact on labour market outcomes is not clear. This paper aims to fill this gap. We use qualitative firm-level data for 24 European countries, collected within the Wage Dynamics Network (WDN) of the ESCB. We first derive a set of indices measuring difficulties in accessing the credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and changes in labour input both along the extensive and the intensive margins as well as on wages. We find strong and significant correlation between credit difficulties and adjustments along both the extensive and the intensive margin. In the presence of credit market difficulties, firms cut wages by reducing the variable part of wages. This evidence suggests that credit shocks can affect not only the real economy, but also nominal variables.

     

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    ISBN: 9789289932295
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    hdl: 10419/179339
    Schriftenreihe: Working paper series / European Central Bank ; no 2124 (January 2018)
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  20. The long run earnings effects of a credit market disruption
    Erschienen: April 2020
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper studies the long term consequences on workers' labour earnings of the credit crunch induced by the 2007-2008 financial crisis. We study the evolution of both employment and wages in a large sample of Italian workers followed for nine years... mehr

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    This paper studies the long term consequences on workers' labour earnings of the credit crunch induced by the 2007-2008 financial crisis. We study the evolution of both employment and wages in a large sample of Italian workers followed for nine years after the start of the crisis. We rely on a unique matched bank-employer-employee administrative dataset to construct a firm-specific shock to credit supply, which identifies firms that, because of the collapse of the interbank market during the financial crisis, were unexpectedly aected by credit restrictions. We find that workers who were employed before the crisis in firms more exposed to the credit crunch experience persistent and sizable earnings losses, mainly due to a permanent drop in days worked. These effects are heterogeneous across workers, with high-type workers being more affected in the long run. Moreover, firms operating in areas with favorable labor market conditions react to the credit shock by hoarding high-type workers and displacing low-type ones. Under unfavorable labor market conditions instead, firms select to displace also high-type (and therefore more expensive) workers, even though wages do react to the slack. All in all, our results document persistent eects on the earnings distribution.

     

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    hdl: 10419/216497
    Schriftenreihe: Discussion paper series / IZA ; no. 13185
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  21. Labour income inequality and in-work poverty
    a comparison between euro area countries
    Erschienen: [2023]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 806 (October 2023)
    Schlagworte: working-age population; employment rate; inequality; in-work poverty
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  22. The profit share and firm mark-up
    how to interpret them?
    Erschienen: [2023]
    Verlag:  Banca d'Italia, [Rom]

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    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 770 (May 2023)
    Schlagworte: markup; profit shares; inflation
    Umfang: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  23. The short and medium term effects of full-day schooling on learning and maternal labor supply
    Erschienen: [2023]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1423 (October 2023)
    Schlagworte: school hours; female labor supply; selection into treatment; students' learning
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  24. Un' analisi critica delle definizioni di disoccupazione e partecipazione in Italia
    Autor*in: Viviano, Eliana
    Erschienen: 2002
    Verlag:  Banca d'Italia, Roma

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    Schriftenreihe: Temi di discussione del Servizio Studi / Banca d'Italia ; 450
    Schlagworte: Arbeitslosigkeit; Erwerbstätigkeit; Definition; Italien
    Umfang: 37, [5] S, graph. Darst
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  25. Labour market adjustment in Europe during the crisis
    microeconomic evidence from the Wage Dynamics Network survey
    Erschienen: June 2017
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in... mehr

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    Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wage-setting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms' adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.

     

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    Volltext (kostenfrei)
    Quelle: Staatsbibliothek zu Berlin
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289928540
    Weitere Identifier:
    hdl: 10419/175734
    Schriftenreihe: Occasional paper series / European Central Bank ; no 192 (June 2017)
    Schlagworte: Arbeitsmarkt; Wirtschaftliche Anpassung; Schuldenkrise; Schock; Arbeitskosten; Lohnrigidität; Arbeitsmarktreform; EU-Staaten
    Umfang: 1 Online-Ressource (circa 77 Seiten), Illustrationen