This paper analyzes the welfare effects of the Italian social security system in an economy with uncertainty on wages … risk diversification across working-life wages in computing benefits. -- social security reforms ; uncertainty ; risk …

Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while …

This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages … we observe outside wages only at job start and job separation, our empirical analysis of within job wage growth is based … on expected wage growth conditional on the outside wages at both dates. Our modelling allows testing of the efficient …