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The Covariance Structure of Italian Male Wages

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  • Lorenzo Cappellari

Abstract

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 not 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.

Suggested Citation

  • Lorenzo Cappellari, 2000. "The Covariance Structure of Italian Male Wages," Manchester School, University of Manchester, vol. 68(6), pages 659-684, December.
    • Handle: RePEc:bla:manchs:v:68:y:2000:i:6:p:659-684
    DOI: 10.1111/1467-9957.00224
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    Cited by:

    1. Elena Giarda, 2008. "The worsening of wage expectations in Italy: a study based on administrative data," International Journal of Manpower, Emerald Group Publishing Limited, vol. 29(1), pages 64-87, March.
    2. Aedín Doris & Donal O’Neill & Olive Sweetman, 2013. "Identification of the covariance structure of earnings using the GMM estimator," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 11(3), pages 343-372, September.
    3. Francesco Devicienti, 2011. "Estimating poverty persistence in Britain," Empirical Economics, Springer, vol. 40(3), pages 657-686, May.
    4. Manasse, Paolo & Stanca, Luca & Turrini, Alessandro, 2004. "Wage premia and skill upgrading in Italy: why didn't the hound bark?," Labour Economics, Elsevier, vol. 11(1), pages 59-83, February.

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