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Table 5 Wage Phillips curve in Italy: individual estimates; job stayers—blue and white collars (p values in brackets)

From: Has the wage Phillips curve changed in the euro area?

  White collars Blue collars
Δw t − 1 0.111 0.065
  (0.000)*** (0.000)***
U t −0.15 −0.243
  (0.000)*** (0.000)***
U t  * D post2008 −0.121 −0.003
  (0.000)*** (0.767)
E t Δp t + 1 0.009 0.008
  (0.000)*** (0.000)***
Year dummies Yes No
Individual fixed effects Yes Yes
Observations 101,185 62,486
Number of workers 687,536 496,136
  1. Robust p values in parentheses
  2. Significant at *10%, **5%, ***1%
  3. GMM estimates. Dependent variable: percentage change in the daily wage