Domanda, produttività e dinamica occupazionale: un'analisi per "moltiplicatori"
The paper proposes a quantitative assessment of the impact of demand-side factors, i.e. growth, composition and distribution of income, in the determination of changes in the aggregate balance of employment. The level of employment “justified” in an economic system is here derived from the application of a simple model which we have called, following the seminal contribution of R. Kahn in 1931, the “Employment Multiplier”. Starting from an accounting identity between values of aggregate supply and demand, the level of “justified” employment is derived, given the labour coefficients and deflated values of the final demand, in which “autonomous” components are distinguished from an “induced” component, this latter depending on total labour income. The variations, over the decades and the cycles, of aggregate employment for Italy, starting from 1960, are then analysed and decomposed into effects of the “contributions” of three components - growth of productivity, of “autonomous” demand and of the “multiplier”, a term which summarizes the impact of trends of employment, real wages and consumption propensity on induced demand.
|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.crenos.unica.it/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paolo Pini, 1994. "An Integrated Model of Cumulative Growth: Empirical Evidence for Nine OECD Countries, 1960-1990," Working Papers 200, Dipartimento Scienze Economiche, Universita' di Bologna.
When requesting a correction, please mention this item's handle: RePEc:cns:cnscwp:199606. 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: (Antonello Pau)
If references are entirely missing, you can add them using this form.