TY  - RPRT
        AU  - Menezes, Antonio
AU  - Sciulli, Dario
AU  - Vieira, José António Cabral
        TI  - Wage Persistence and Labour Market Institutions: An Analysis of Young European Workers
        PY  - 2007/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2627
        UR  - https://www.iza.org/publications/dp2627
        AB  - This paper investigates the effects of labour market institutions on wage persistence among young European workers at the beginning of their careers. We use ECHP data from 1995 to 2001 for 13 EU countries and estimate a three-level random intercept probit model that allows for unobserved heterogeneity both at the individual and country level. Overall, we find that labour market institutions explain wage persistence. In particular, we find that a high level of employment protection legislation and a high level of bargaining centralization increase wage persistence.
        KW  - labour market institutions
KW  - unobserved heterogeneity
KW  - wage persistence
        ER  -