IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Distribuzione del reddito e prezzi relativi in Italia 1970-2002

  • Levrero Enrico Sergio
  • Stirati Antonella

The paper examines empirically the evolution of income shares in the business sector as a whole and in various industries adopting a framework of analysis that does not rely on neoclassical substitution mechanisms. After showing that the increase in the profit share since the end of the seventies cannot be attributed to structural changes in output or labour force composition and that it is associated to increases in the "ex post" profitability of capital, we address the question of different profiles in the evolution of profit share and profitability in various sectors. We argue that the exchange rate regime, changes in international markets and in some instances, privatizations, have tended to cause a redistribution to profits from manufacturing to other sectors "via" changes in relative prices, particularly in phases characterized by a tendency to the real appreciation of the exchange rate, including the last part of the 1990s till 2002. We conclude that this situation may have contributed to the slow growth and recent stagnation of real wages, since manufacturing is the leading sector in wage determination.

If 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.

File URL: http://www.rivisteweb.it/download/article/10.1429/20828
Download Restriction: no

File URL: http://www.rivisteweb.it/doi/10.1429/20828
Download Restriction: no

Article provided by Società editrice il Mulino in its journal Politica economica - Journal of Economic Policy (PEJEP).

Volume (Year): (2005)
Issue (Month): 3 ()
Pages: 401-434

as
in new window

Handle: RePEc:mul:je8794:doi:10.1429/20828:y:2005:i:3:p:401-434
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/20828:y:2005:i:3:p:401-434. See general 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 you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.