Factor shares dynamics in Italy
AbstractIn Italy the labour share of value added, rapidly increased in the first half of the seventies, since the mid-seventies has progressively declined until the beginning of this decade, when reverted its downward trend. In the early nineties the labour share was already back to the levels of the late sixties and declined further until the end of the nineties, due to a rise in both the housing rent share and profit share. Profits were spurred, inter alia, by the privatizations in energy, transport and telecommunication, and finance industries. Since 2001, in spite of a moderate real wage dynamics, the labour share reverted its declining trend because of the stagnation in labour productivity. In the last nine years the rent share has kept increasing, whereas the profit share has declined in all industries but the privatized ones, where it remained stable at the high levels reached at the beginning of this decade.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Società editrice il Mulino in its journal Politica economica.
Volume (Year): (2010)
Issue (Month): 2 ()
Contact details of provider:
Factor shares; profits; rents; privatizations;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.