000			01231nam a22001817a 4500
999			_c513813 _d513813
008			200903b ||||| |||| 00| 0 eng d
100			_aLeonardi, Macro _917493
245			_aWage compression within the firm: evidence from an indexation scheme
260			_aThe Economic Journal
300			_a129(624), Nov 2019. p. 3256–3291
520			_aWe revisit the role of labour market institutions by showing how they affect the sharing of firm-specific rents between employers and employees. We look at an Italian wage indexation mechanism (‘Scala Mobile’) that compressed the distribution of wages, imposing real wage increases at the bottom of the distribution. After developing a simplified version of a search model with intra-firm bargaining and on-the-job search, we document that skilled workers received lower wage adjustments when employed at firms with many unskilled workers and they tended to move towards more skill-intensive firms. Moreover, the system drove the least skill-intensive firms out of the market. - Reproduced
650			_aWages _917494
650			_aIndexation Scheme _917495
700			_aPellizzari, Michele _917496
773			_aThe Economic Journal
906			_aLABOUR MARKET
942			_cAR