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...

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...

Il problema dell'informazione asimmetrica nel mercato del lavoro e' stato affrontato ripercorrendo la letteratura relativa agli sviluppi dei modelli di salari di efficienza, nelle varie categorie di selezione avversa, azzardo morale e segnalazione. Per ognuna di queste categorie sono stati...

Matching models are the primary and most popular theoretical tools used by economists to evaluate various labour market policies and to study the problem of unemployment. These notes mean to provide an exhaustive introduction to the study of the benchmark macroeconomic models of the labour market.

In this paper the authors argue that a plausible reason why output and other major U.S. macroeconomic time series seem to follow a Markov switching process might be strictly related to expectations. The authors show that a time series of expectations of future output from the Survey of...

When Court enforcement is excessively difficult or costly, agents are often able to create «endogenous enforcement mechanisms», that is, to design agreements so that each party finds it optimal to carry them out (self-enforcing implicit contracts), thanks to the threat of sanctions affecting...

The entrance of young people in the labour market at older ages than in the past is correlated to the increased trend in education. Both these changes, the delay in entrances and the increase in the number of years spent at school, are much more marked in the case of women. One additional school...

Collective bargaining at company level has not been particularly widespread, especially at small firms and in the South. The Bank of Italy’s survey shows that performancerelated wage premia have been paid irregularly and have involved only small amounts. Nevertheless they have fostered a...

Questo saggio esplora la situazione del mercato del lavoro italiano, in un contesto europeo e comparato, dal punto di vista delle recenti trasformazioni contrattuali e sociali intervenuti. Si sostiene la necessità di trovare un raccordo, in Italia, tra la dimensione di flessibilità, ormai...