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Article
Family income and wealth, youth unemployment and active labour market policies
International Review of Applied Economics (2002)
  • Fiorella Kostoris Padoa Schioppa
  • Claudio Lupi, University of Molise
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.

Keywords
  • Youth unemployment,
  • Family background,
  • Labour market policies
Publication Date
2002
Citation Information
Fiorella Kostoris Padoa Schioppa and Claudio Lupi. "Family income and wealth, youth unemployment and active labour market policies" International Review of Applied Economics Vol. 16 Iss. 4 (2002)
Available at: http://works.bepress.com/claudio_lupi/17/