Manacorda, Marco; Petrongolo, Barbara - Centro di Economia del Lavoro e di Politica Economica … - 2005
the leading region raise unemployment in the rest of the economy and leave regional wages unchanged, causing an increase … in aggregate unemployment. This model has some success in explaining the evolution of regional unemployment rates in … Italy during the period 1977-1998. Based on SHIW micro data on earnings and ISTAT data on unemployment rates we find strong …