In this paper we look at the evolution of low wage employment in Italy using different data sets, at the individual level, for the 1975-1993 period. The structure of the paper is as follows: first, the nature and the extent of low pay in Italy is analysed in terms of the existing pay setting...

Expected earnings and expected returns to education are seen by labor economists as a major determinant of educational attainment. In spite of this, the empirical knowledge about expectations and their formation is scarce. In this paper we report the results of the first systematic study of the...