EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:
Title:Kind of Black : the musicians' labour market in Italy PDF Logo
Authors:Balestrino, Alessandro
Issue Date:2009
Series/Report no.:CESifo working paper 2769
Abstract:It is estimated that only 5% of musicians in Italy are regularly employed. In an attempt at understanding such a peculiar situation, we build a theoretical model of the musicians' labour market in which we embed the main institutional features of the Italian system. We notice how the presence of taxation incentivates the formation of a black market for musicians and discourages talented agents from becoming full-time musicians in all second-best economies. In Italy both tendencies are particularly strong, and further exacerbated by the presence of an actuarially unfair pension system for musicians. These inefficiencies might be corrected by a two-fold policy: the reform of the pension system, and the introduction of a sufficiently large unemployment benefit for musicians. We notice that the first step, while highly desirable, is unlikely to be politically feasible in the current Italian institutional setting. The second step, which has a general interest for any second-best economy, is instead viable under certain circumstances.
labour market
unemployment benefit
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
610035320.pdf244.55 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.