Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...

Italy's labour market suffers from a serious pathology, in addition to the increasing precariousness of the young workforce common to all EU member countries: flows from regular employment to non-employment are very often dead-ends. A vast number of young individuals who lose their job only a...

"We investigate various stylized facts on wage growth, labor mobility and firm size, to date unexplored in Italy. Using a wage decomposition that allows to separate "individual premiums" from firm-effects, we ascertain: (1) whether movers are better off than stayers; (2) whether firm size...