Russo, G.; Veredas, D. - Center for Operations Research and Econometrics (CORE), … - 2000
Many indicators (OECD 1994) show tha the Italian labour market is characterised by a strong pro-workers and pro-unions legislation. This is usually interpreted as a high degree of rigidity. It is known that , in response to shocks, firms in rigid labour markets tend to trade workers adjustment...