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Estimation and Simulation of Earnings in IT-SILC

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  • Emanuele Ciani
  • Marcello Morciano

Abstract

This paper describes income distribution among workers in Italy using both the cross-sectional and panel component of IT-SILC. We highlight advantages and drawbacks of different econometric approaches, comparing standard OLS estimates with those obtained from Random Effects and Poisson Maximum Likelihood and assessing whether the results are sensitive to the different specification. Finally, we present the procedure in use in simulating future earnings in CAPP_DYN, the dynamic population-based microsimulation model of the CAPP.

Suggested Citation

  • Emanuele Ciani & Marcello Morciano, 2011. "Estimation and Simulation of Earnings in IT-SILC," Center for the Analysis of Public Policies (CAPP) 0090, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    • Handle: RePEc:mod:cappmo:0090
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Microsimulation; Earnings; Lifetime; Inequality; IT-SILC;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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