A Tale on Information and Wage Expectations

Maria De Paola (), Claudio Lupi and Patrizia Ordine ()

No 22, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

Abstract: The process of wage expectations formation in different regional labor markets is considered. We argue that when information is scarce or ambiguous, cognitive dissonance phenomena may play a relevant role in shaping expectations. The theoretical discussion is supplemented with an empirical analysis carried out on individual data of Italian unemployed using semiparametric techniques. Results show a marked difference in expectations formation, with the northern unemployed using information more efficiently.

Keywords: Wage; Expectations formation; Regional labor markets. (search for similar items in EconPapers)
JEL-codes: D83 D84 J64 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2001-07
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:isa:wpaper:22

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