The covariance structure of Italian male wages
UNSPECIFIED. (2000) The covariance structure of Italian male wages. MANCHESTER SCHOOL, 68 (6). pp. 659-684. ISSN 1463-6786Full text not available from this repository.
Using an unbalanced panel of Italian male wages covering the 1974-88 interval, in this study we estimate the parameters of the wage covariance structure by minimum distance. Estimated variance components models allow for a linear trend in permanent wages, so that wage profile convergence can be assessed by considering the covariance between intercepts and slopes of such individual trends. Evidence of permanent wage convergence is found in the overall wage distribution, but nor within white collar workers data; this contrasts with human capital interpretations of wage dynamics and suggests that other factors, such as the egalitarian wage-setting framework fully effective until the mid-1980s, could have played a major role in shaping the wage distribution.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||MANCHESTER SCHOOL|
|Publisher:||BLACKWELL PUBL LTD|
|Official Date:||December 2000|
|Number of Pages:||26|
|Page Range:||pp. 659-684|
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