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Family Income and Wealth, Youth Unemployment and Active Labour Market Policies

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  • Fiorella Kostoris Padoa Schioppa
  • Claudio Lupi
Abstract
This paper studies some features of unemployment in Italy using cross section individual micro data. Since unemployment is particularly harsh with respect to youths, interest is focused on 15-29-year-old youngsters. The analysis is carried out using standard logit models and the results show that personal and family characteristics play an essential role in shaping youth activity and unemployment rates of short and long duration, together with product market conditions and labour market features. In particular, the income effect seems relevant for participation decisions, while the family wealth helps in reducing youth unemployment. Various policy instruments might be able to reduce youth unemployment, especially if these instruments are targeted through means-testing on family income and wealth and through a proper distinction between the first job seekers and the strictly unemployed.

Suggested Citation

  • Fiorella Kostoris Padoa Schioppa & Claudio Lupi, 2002. "Family Income and Wealth, Youth Unemployment and Active Labour Market Policies," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(4), pages 407-416.
    • Handle: RePEc:taf:irapec:v:16:y:2002:i:4:p:407-416
    DOI: 10.1080/02692170210161147
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    References listed on IDEAS

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    1. Oswald Andrew J., 1996. "A Conjecture on the Explanation for High Unemployment in the Industrialized Nations : Part I," The Warwick Economics Research Paper Series (TWERPS) 475, University of Warwick, Department of Economics.
    2. Nickell, Stephen & Layard, Richard, 1999. "Labor market institutions and economic performance," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 46, pages 3029-3084, Elsevier.
    3. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
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    Cited by:

    1. Padoa Schioppa, Fiorella Kostoris & Basile, Roberto, 2002. "Unemployment Dynamics of the 'Mezzogiornos of Europe': Lessons for the Mezzogiorno of Italy," CEPR Discussion Papers 3594, C.E.P.R. Discussion Papers.
    2. Enrico Marelli & Elena Vakulenko, 2016. "Youth unemployment in Italy and Russia: Aggregate trends and individual determinants," The Economic and Labour Relations Review, , vol. 27(3), pages 387-405, September.
    3. Mário Papík & Paulína Miha¾ová & Lenka Papíková, 2022. "Determinants of youth unemployment rate: case of Slovakia," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 391-414, June.
    4. Enrico MARELLI & Elena VAKULENKO, 2014. "Youth Unemployment in Italy and Russia: Aggregate Trends and the Role of Individual Determinants," Working papers of the Department of Economics - University of Perugia (IT) 0001/2014, Università di Perugia, Dipartimento Economia.
    5. Jadhav Chakradhar & Arun Kumar Bairwa, 2020. "Employment Probabilities And Workforce Distribution In The Indian Manufacturing Sector: A State-Level Analysis," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 23(1), pages 55-82, April.
    6. Padoa Schioppa, Fiorella Kostoris, 1999. "Regional Aspects of Unemployment in Europe and in Italy," CEPR Discussion Papers 2108, C.E.P.R. Discussion Papers.
    7. Ondřej Dvouletý & Martin Lukeš & Mihaela Vancea, 2020. "Individual-level and family background determinants of young adults’ unemployment in Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(2), pages 389-409, May.
    8. Patricia Palffy & Luc Sandfort & Martin Schneider & Uschi Backes-Gellner, 2024. "No Graduate Left Behind: Resource Configurations Enabling a Successful Labor Market Entry," Economics of Education Working Paper Series 0221, University of Zurich, Department of Business Administration (IBW).

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