Autori
Zantomio, Francesca
Belloni, Michele
Simonetti, Irene

Titolo
Long-run effects of health shocks in a highly regulated labour market
Periodico
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper series
Anno: 2019 - Volume: 11 - Fascicolo: 22 - Pagina iniziale: 1 - Pagina finale: 53

Based on administrative data covering employment, social security and hospital record histories, we investigate the effect of acute cardiovascular health shocks resulting in unplanned hospitalisation, on blue collars’ long-term labour outcomes in Italy. The Italian institutional setting, characterised by a highly regulated labour market and high job protection, is different from that of countries - mainly Nordic and Anglo-Saxon -covered in previous studies. We apply matching and parametric regression techniques to remove possible bias arising from observable and time-invariant unobservable confounders. Results point at sizeable and persistent reductions in employment and labour income, while hours and wage adjustments appear limited. Whereas a relatively generous social insurance system might compensate the earnings loss, our findings question the appropriateness of existing labour inclusion policies.



Testo completo: https://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2019dip/wp_22_2019.pdf

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