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

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)
New Economics Papers: this item is included in nep-eec and nep-lab
Date: Written 2007
View list of references

Downloads: (external link)
http://www.laboratoriorevelli.it/_pdf/wp57.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this paper

More papers in LABORatorio R. Revelli Working Papers Series from LABORatorio R. Revelli, Centre for Employment Studies
Contact information at EDIRC.
Series data maintained by Giovanni Bert ().