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作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.75,P.1-21

语言

英文

关键字

Local labor markets; Labor demand; Shocks; ECONOMIC-DEVELOPMENT; UNITED-STATES; MIGRATION; DISCONTINUITY; UNEMPLOYMENT; ADJUSTMENTS; TRANSFERS; GROWTH; POLICY; TALE

作者单位

[Ciani, Emanuele; de Blasio, Guido] Bank Italy, Struct Econ Anal Directorate, Via Nazl 91, I-00184 Rome, Italy. [Ciani, Emanuele] Univ Modena & Reggio Emilia, Ctr Anal Publ Policies, Viale Berengario 51, I-41121 Modena, Italy. [David, Francesco] Bank Italy, Palermo Branch, Reg Econ Res Div, Via Camillo Benso Conte di Cavour 131-A, I-90133 Palermo, Italy. Ciani, E (reprint author), Bank Italy, Struct Econ Anal Directorate, Via Nazl 91, I-00184 Rome, Italy. E-Mail: emanuele.ciani@bancaditalia.it

摘要

The paper studies how local economies react to labor demand shocks. It focuses on the case of Italy, a country with lasting labor-market disparities in the context of rigid local wages and limited housing supply elasticity. Results document that allowing greater flexibility in local prices is a first-order option to reduce labor-market heterogeneity, while place-based policy seems to be a less viable alternative.