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When small-sized and non-innovating firms meet a crisis: Evidence from the Italian labour market

Author

Listed:
  • Stefano Perri

    (Universita' degli Studi di Macerata)

  • Roberto Lampa

    (Universidad Nacional de San Martin, Buenos Aires)

Abstract

The Italian jobs crisis consists of a high percentage of non-working labour force, matched with a high percentage of discouraged, long-term unemployed and inactive population. Not only a sharp deregulation of the job market is groundless, but even a hypothetic return to expansionary fiscal policy would be insufficient in order to solve such structural problems. Starting from the literature dealing with the Italian decline, this article demonstrates that the current problems of the Italian labour market are strictly connected to both (post-crisis) fiscal adjustment and pre-existing features of the industrial branch.

Suggested Citation

  • Stefano Perri & Roberto Lampa, 2018. "When small-sized and non-innovating firms meet a crisis: Evidence from the Italian labour market," PSL Quarterly Review, Economia civile, vol. 71(284), pages 61-83.
    • Handle: RePEc:psl:pslqrr:2018:14
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    More about this item

    Keywords

    euro crisis; job market; industrial structure; Minsky;
    All these keywords.

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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