The electronic structure of amorphous FexY100-x alloys (31 less than o
r equal to x less than or equal to 87) co-evaporated under UHV conditi
ons has been investigated using photoelectron spectroscopic methods (U
PS, XPS). The results are compared to calculations based on the local
spin-density (LSD) approximation and a molecular dynamic modeling of t
he amorphous structure. The evolution of the valence band structure as
a function of the alloy composition is discussed in relation to previ
ously studied amorphous FexZr100-x alloys. A good agreement between th
e experimental spectra and the theoretical predictions is found in the
Fe-rich regime. The discrepancy observed in Y-rich samples is attribu
ted to a tendency for segregation of Y and Fe atoms, as indicated by t
he molecular dynamic simulations and small-angle neutron diffraction e
xperiments.