Real Wage Cyclicality in Italy

Fei Peng and W. Stanley Siebert ()
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W. Stanley Siebert: University of Birmingham

No 2465, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper analyzes the cyclical behaviour of male real wages in Italy using the European Community Household Panel 1994-2001. We distinguish between job stayers (remaining in the same job), and within- and between-company job movers. Stayers are the large majority. We find stayers in Northern Italy to have high cyclicality of real wages, higher in fact than the US and the UK. The Northern cyclicality is significant for all sub-samples (except for public sector workers), and higher in small firms, the private sector, and for temporary workers, as expected. In contrast, we find little wage cyclicality for any sub-group in the Centre-South, even for workers in small private sector firms. Evidently, labour markets in the North of Italy operate much more competitively than in the Centre and South.

Keywords: Italy; real wage cyclicality; job stayers; ECHP (search for similar items in EconPapers)
JEL-codes: E32 J31 K31 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2006-11
New Economics Papers: this item is included in nep-lab, nep-law and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published - published in: Labour, 22 (4), 2008, 569 - 591

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Journal Article: Real Wage Cyclicality in Italy (2008)
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