CeRSP Working Papers Series
CeRSP Working Papers Series: WP15/01: Binelli, Chiara “Employment and Earnings Expectations of Jobless Young Skilled: Evidence from Italy”
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.
Key Words: Job instability and insecurity; Earnings risk; Subjective expectations; Youth unemployment.
JEL Codes: J31; J62; D84.
CeRSP Working Papers Series: WP17/01: Loveless, Matthew and Chiara Binelli. “Expectations of Future Economic Security and National System Support: Evidence from Italy”
Abstract: Using original, nationally representative data on young jobless Italian university graduates, we assess the effect of individuals’ expectations on future job prospects in different scenarios on their satisfaction with democracy. Using innovative measures of individuals’ expectations about job security, stability and future earnings as well as administrative data to control for province-level economic context, we find that those expecting increased job insecurity, instability, and earning risk have lower satisfaction with democracy. This provides an important contribution to understanding system support by meaningfully conceptualizing and operationalizing individuals’ future economic expectations as a determinant of individuals’ support for national governance. At the same time, these findings bode poorly for many European countries as the long-term effects of high levels of unemployment among the young appear to be potentially delegitimizing.