CeRSP Working Paper 15/02: Employment and Earnings Expectations of Jobless Young Skilled: Evidence from Italy

Chiara Binelli

Abstract: Using a unique dataset on subjective probabilities of employment and earnings expectations for a nationally representative sample of jobless young skilled Italian, this paper proposes new measures of job instability, job insecurity and earnings risk, and assesses their impact on choices and behaviors. Jobless young Italian University graduates face substantial job instability, insecurity and risk, which have large negative effects on job search, engagement with the democratic political process, fertility choices, life satisfaction and wellbeing.

KeyWords: Job instability and insecurity; Earnings risk; Subjective expectations; Youth unemployment

JEL Codes: J31; J62; D84

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