IDEAS home Printed from https://ideas.repec.org/a/mul/je8794/doi10.1429-32531y2010i2p157-178.html
   My bibliography  Save this article

Factor shares dynamics in Italy

Author

Listed:
  • Roberto Torrini

Abstract

In 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.

Suggested Citation

  • Roberto Torrini, 2010. "Factor shares dynamics in Italy," Politica economica, Società editrice il Mulino, issue 2, pages 157-178.
  • Handle: RePEc:mul:je8794:doi:10.1429/32531:y:2010:i:2:p:157-178
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1429/32531
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.rivisteweb.it/doi/10.1429/32531
    Download Restriction: no

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Factor shares; profits; rents; privatizations;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/32531:y:2010:i:2:p:157-178. 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: (). General contact details of provider: https://www.rivisteweb.it/ .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.