Dynamic microsimulation modeling involves two stages: estimation and forecasting. Unobserved heterogeneity is often considered in estimation, but not in forecasting, beyond trivial cases. Non-trivial cases involve individuals that enter the simulation with a history of previous outcomes. We show...

This paper analyzes the implications of unobserved heterogeneity in discrete-time, discrete-choice microsimulation models. We compare the predictions coming from simple pooled probit estimates with those obtained using random effect dynamic probit models, in a dynamic microsimulation of...

The aim of this paper is to analyze the wage differentials associated with non-pecuniary working conditions (distance to job, environment conditions, working times) using objective and subjective data. In fact, the individual can be compensated for unsatisfactory working conditions by higher...

The aim of this paper is to provide fresh empirical evidence on the mechanisms through which wage inequality affects worker satisfaction.Theoretically, the wages of others may affect workers' utility for two main reasons: Workers may derive well-being from their social status (the comparison...

The aim of this paper is to provide fresh empirical evidence of the mechanisms through which wage inequality affects worker satisfaction. Theoretically, wages of others may affect workers' utility for two main reasons: Workers may derive well-being from their social status (comparison...

<em>Analisi della distribuzione dell’esclusione sociale in Italia</em> - Social exclusion can be defined as a process leading to a state of multiple functioning deprivations. The aim of this paper is to analyze the social exclusion distribution in Italy from 1997 to 2000. Our purpose is to better...

In the late 1990s many European countries started comprehensive restructuring of their energy industries. The typical ingredients of the reforms are full or partial privatization, vertical disintegration, liberalization. In this paper we focus on the way in which energy sector reforms affect...

Economic theory and empirical evidence clearly show that social exclusion dimensions are inter-related. Notwithstanding that, dimensions are usually assumed independent from one another in the economics literature. In this paper we explore the inter-dependency of social exclusion dimensions and...

This paper attempts to combine the analysis of wage polarization with that of wage mobility. Using the polarization index <i>P_G</i> recently proposed by <link rid="b8">Deutsch <i>et al</i>. (2007</link>) it shows that, when taking the identity of the individuals into account, a distinction can be made between a change over time...