Estimates of Structural Changes in the Wage Equation:Some Evidence for Italy

Mauro Costantini and Sergio de Nardis

No 86, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

Abstract: This paper focuses on the influence of labour market reforms on the wage equation for Italy over the period 1981-2006. Using Gregory and Hansen (1996) residuals based tests for cointegration in model with regime shifts, we try to detect endogenously a possible structural break in the long run relationship between real wage, unemployment rate and labour productivity. Evidence of a structural shift is found and parameter elasticities of the equation before and after the break are estimated.

Keywords: wage equation; cointegration; structural break. (search for similar items in EconPapers)
JEL-codes: C22 E24 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2007-11
New Economics Papers: this item is included in nep-lab and nep-mac
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Citations: View citations in EconPapers (2)

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