Estimates of Structural Changes in the Wage Equation:Some Evidence for Italy

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Estimates of Structural Changes in the Wage Equation:Some Evidence for Italy

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Mauro Costantini (ISAE - Institute for Studies and Economic Analyses)
Sergio de Nardis (ISAE - Institute for Studies and Economic Analyses)

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Abstract

This paper focuses on the influence of labour market reforms on the wage equation for Italy over the period 1981-2006. Using Gregory and Hansen (1996) residuals based tests for cointegration in model with regime shifts, we try to detect endogenously a possible structural break in the long run relationship between real wage, unemployment rate and labour productivity. Evidence of a structural shift is found and parameter elasticities of the equation before and after the break are estimated.

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Paper provided by ISAE - Institute for Studies and Economic Analyses - (Rome, ITALY) in its series ISAE Working Papers with number 86.

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Length: 26 pages
Date of creation: Nov 2007
Date of revision:
Handle: RePEc:isa:wpaper:86

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Find related papers by JEL classification:
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-12-08 (All new papers)
NEP-LAB-2007-12-08 (Labour Economics)
NEP-MAC-2007-12-08 (Macroeconomics)

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Other versions:
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Other versions:
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