The Wage Curve an Italian Perspective

Sergio Destefanis and Giovanni Pica

No 117, CELPE Discussion Papers from CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy

Abstract: In this paper we appraise the existence of a negative relationship between the wage level and the unemployment rate (the wage curve) across Italian regions, using data from the Bank of Italy’s Survey on Household Income and Wealth. The main advantage of this data-set is the availability of information on human capital characteristics of individuals (such as gender, age and education) and, more importantly, on hours worked. Our main finding is that, even though a wage curve exists in Italy, at least after the 1992-93 wage reforms, for annual and monthly wages, no such relationship exists for hourly wages. Consistently, after the reforms we find a negative elasticity of annual hours and months worked with respect to the unemployment rate.

Keywords: Wage Drift; Unemployment; Labour Market Flexibility (search for similar items in EconPapers)
JEL-codes: J30 J60 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2011-11-23
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: It’s wages, it’s hours, it’s the Italian wage curve (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:sal:celpdp:0117

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