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  1. Labor market reforms and earnings dynamics
    the Italian case
    Author: Hoffmann, Eran B.; Malacrino, Davide; Pistaferri, Luigi
    Published: May 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    This paper summarizes statistics on the key aspects of the distribution of earnings levels and earnings changes using administrative (social security) data from Italy between 1985 and 2016. During the time covered by our data, earnings inequality and... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    This paper summarizes statistics on the key aspects of the distribution of earnings levels and earnings changes using administrative (social security) data from Italy between 1985 and 2016. During the time covered by our data, earnings inequality and earnings volatility increased, while earnings mobility did not change significantly. We connect these trends with some salient facts about the Italian labor market, in particular the labor market reforms of the 1990s and 2000s which induced a substantial rise in fixedterm and part-time employment. The rise in parttime work explains much of the rise in earnings inequality, while the rise in fixed-term contracts explains much of the rise in volatility. Both these trends affect the earnings distribution through hours worked: part-time jobs reduce hours worked within a week, while fixed-term contracts reduce the number of weeks worked during the year as well as increase their volatility. We find weak evidence that fixed-term contracts represent a "stepping-stone" to permanent employment. Finally, we offer suggestive evidence that the labor market reforms contributed to the slowdown in labor productivity in Italy by delaying human capital accumulation (in the form of general and firm-specific experience) of recent cohorts

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573748
    Other identifier:
    Series: IMF working paper ; WP/21, 142
    Subjects: Labor Market; Structural Reforms; Inequality; Foreign Exchange; Informal Economy; Underground Econom; Wages, Compensation, and Labor Costs
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  2. Labor market reforms and earnings dynamics
    the Italian case
    Author: Hoffmann, Eran B.; Malacrino, Davide; Pistaferri, Luigi
    Published: May 2021
    Publisher:  International Monetary Fund, [Washington, D.C.]

    This paper summarizes statistics on the key aspects of the distribution of earnings levels and earnings changes using administrative (social security) data from Italy between 1985 and 2016. During the time covered by our data, earnings inequality and... more

    Access:
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    This paper summarizes statistics on the key aspects of the distribution of earnings levels and earnings changes using administrative (social security) data from Italy between 1985 and 2016. During the time covered by our data, earnings inequality and earnings volatility increased, while earnings mobility did not change significantly. We connect these trends with some salient facts about the Italian labor market, in particular the labor market reforms of the 1990s and 2000s which induced a substantial rise in fixedterm and part-time employment. The rise in parttime work explains much of the rise in earnings inequality, while the rise in fixed-term contracts explains much of the rise in volatility. Both these trends affect the earnings distribution through hours worked: part-time jobs reduce hours worked within a week, while fixed-term contracts reduce the number of weeks worked during the year as well as increase their volatility. We find weak evidence that fixed-term contracts represent a "stepping-stone" to permanent employment. Finally, we offer suggestive evidence that the labor market reforms contributed to the slowdown in labor productivity in Italy by delaying human capital accumulation (in the form of general and firm-specific experience) of recent cohorts

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573748
    Other identifier:
    Series: IMF working paper ; WP/21, 142
    Subjects: Labor Market; Structural Reforms; Inequality; Foreign Exchange; Informal Economy; Underground Econom; Wages, Compensation, and Labor Costs
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen