Abstract
PurposeOur main purpose is to test the unemployment invariance hypothesis in Italy.Design/methodology/approachThis paper provides an empirical investigation of the unemployment and labor force participation in Italy.FindingsCointegration analysis results strongly suggest a clear long-run relationship between unemployment and labor force participation revealing a persistent and general added worker effect.Originality/valueOur results seem to confute the unemployment invariance hypothesis.
Subject
Management of Technology and Innovation,Organizational Behavior and Human Resource Management,Strategy and Management
Cited by
3 articles.
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