The Italian labor market suffered a sizable negative shock from the double-dip recession and has since experienced a moderate recovery beginning in 2014. Despite some improvement, unemployment remains higher than pre-crisis levels, especially for young workers. Female participation has been...

The Italian labor market suffered a sizable negative shock from the double-dip recession and has since experienced a moderate recovery beginning in 2014. Despite some improvement, unemployment remains higher than pre-crisis levels, especially for young workers. Female participation has been...

This paper investigates the structural relation between the italian weak macroeconomic performances and the productivity decline experienced over the last fifteen years, estimating a Dynamic Stochastic General Equilibrium (DSGE) model. Modifying Ireland and Schuh's (2008) two-sector RBC model in...