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Academic Salaries and Self‐Selection Processes. Some Theoretical Considerations Suggested by the Italian Experience
Author(s) -
Chillemi Ottorino
Publication year - 1988
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/j.1467-9914.1988.tb00144.x
Subject(s) - salary , wage , human capital , selection (genetic algorithm) , economics , differential (mechanical device) , government (linguistics) , risk aversion (psychology) , labour economics , human capital theory , capital (architecture) , public economics , economic growth , expected utility hypothesis , market economy , financial economics , computer science , engineering , linguistics , philosophy , artificial intelligence , aerospace engineering , archaeology , history
Recent decisions of the Italian government have widened the salary differential between university researchers and professors. This article investigates whether or not it would be opportune to adopt such a policy. In particular it evaluates the problems that might arise in adopting a self‐selection wage policy, when workers’risk aversion and preferences on time profile of income or the accumulation of human capital are brought into play.