The Worsening of Wage Expectations in Italy: a Study Based on Administrative data

Elena Giarda ()

No 57, LABORatorio R. Revelli Working Papers Series from LABORatorio R. Revelli, Centre for Employment Studies

Abstract: This paper builds on existing studies on the relationship between individual wages, age and experience, and provides new evidence on the determinants of wages in Italy. Using a large panel of individual administrative data, it shows that wage to age profiles for different cohorts of workers are not stable over time: although younger generations of Italian workers are benefiting from higher starting wages than older generations, they face the prospect of lower growth of future earnings. It also confirms the existence of a significant supply effect: the bigger the cohort relative to the active population, the smaller the cohort’s gain in terms of wage levels. Finally, it captures the dependence of individual wages on aggregate labour market conditions: individual wages are shown to be negatively related to the rate of unemployment and positively related to the union wage index.

JEL-codes: J31 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2007
New Economics Papers: this item is included in nep-eec and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: The worsening of wage expectations in Italy: a study based on administrative data (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wplabo:57

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