Purpose: Our main purpose is to test the unemployment invariance hypothesis in Italy. Design/methodology/approach: This paper provides an empirical investigation of the unemployment and labor force participation in Italy. Findings: Cointegration analysis results strongly suggest a clear long-run relationship between unemployment and labor force participation revealing a persistent and general added worker effect. Originality/value: Our results seem to confute the unemployment invariance hypothesis.

Unemployment and labor force participation in Italy

Nemore F.;Caferra R.;Morone A.
2021-01-01

Abstract

Purpose: Our main purpose is to test the unemployment invariance hypothesis in Italy. Design/methodology/approach: This paper provides an empirical investigation of the unemployment and labor force participation in Italy. Findings: Cointegration analysis results strongly suggest a clear long-run relationship between unemployment and labor force participation revealing a persistent and general added worker effect. Originality/value: Our results seem to confute the unemployment invariance hypothesis.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11586/389610
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