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1 – 1 of 1Francesco Nemore, Rocco Caferra and Andrea Morone
Our main purpose is to test the unemployment invariance hypothesis in Italy.
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.
Details