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In the literature of happiness economics individual subjective utility is measured by directly asking individuals to self-assess their level of utility, usually on a numerical scale, using various terms such as happiness, life satisfaction and well-being, most of the times taking for granted...
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We show that the Italian wage curve, inexistent in the eighties and early nineties, has re-emerged after the 1993 Income Policy Agreements, owing to the greater role granted to flexible and locally bargained top-up wage components.
Persistent link: https://www.econbiz.de/10005181128
revised version available as working paper n. 52
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This paper uses administrative longitudinal micro-data from the Social Security Institute (INPS) to estimate the extent of nominal and real wage rigidity in Italy. Using a switching regime model of individual wage changes, which accounts for both the determinants of notional wage changes and...
Persistent link: https://www.econbiz.de/10005196140