This paper builds on existing studies on the relationship between individual wages, age and experience, and provides new evidence on the determinants of wages in Italy. Using a large panel of individual administrative data, it shows that wage to age profiles for different cohorts of workers are...

Fifty years have passed since the seminal contribution of Guy Orcutt [Orcutt,1957],which gave birth to the field of Microsimulation. We survey, from a methodological perspective, the literature that followed, highlighting its relevance,its pros and cons vis-`a-vis other methodologies and...

The correlation between real wages and aggregate employment growth has beenthe object of several empirical studies conducted with both aggregate and micro data.Despite the new availability of linked employer-employee data, however, we still havelimited empirical evidence [Belzil, 2000] to...

In this paper we question the hypothesis of full rationality in the context of job changing behaviour, via simple econometric explorations on microdata drawn from WHIP (Worker Histories Italian Panel). A rational outcome of the job matching process implies a positive tradeoff between future...

The liberalization of fixed term contracts in Europe has led to a two tier regime, with a growing share of jobs covered by temporary contracts. The paper proposes a matching model with direct search in which temporary and permanent jobs coexist in a long run equilibrium. When temporary contracts...

Most Oecd Countries are experiencing a rapid population ageing. Italy adds to this picture a very low labour market participation of the elders, so that most projections of the impact of ageing on the labour market are rather pessimistic. However, there are other long run modifications currently...

What is the relationship, if any, between Experimental Economics and Agent-based Computational Economics? Experimental Economics (EXP) investigates individual behaviour (and the emergence of aggregate regularities) by means of human subject experiments. Agent-based Computational Economics (ACE),...

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.

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...