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Gender employment disparities, financialization and profitability dynamics on the eve of Italy's long crisis

  • Alice Tescari

    ()

    (University of Verona)

  • Andrea Vaona

    ()

    (Department of Economics (University of Verona))

This paper explores aggregate profitability in Italy from 1994 to 2005 in its connection with structural change and gender employment disparities. The aggregate profit rate declined, but the profit share did not so. Male variables tend to have more weight than female ones in explaining aggregate outcomes. Structural change had a major role too, as the economy specialized in sectors with falling real wages and wage shares, the financial sector especially. Further falls in the wage share and widening wage gaps may not guarantee a rise in profitability.

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Paper provided by University of Verona, Department of Economics in its series Working Papers with number 22/2012.

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Length: 17
Date of creation: Jun 2012
Date of revision:
Handle: RePEc:ver:wpaper:22/2012
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  1. Vaona, Andrea, 2011. "Profit rate dynamics, income distribution, structural and technical change in Denmark, Finland and Italy," Structural Change and Economic Dynamics, Elsevier, vol. 22(3), pages 247-268, September.
  2. Ajit Zacharias & Melissa Mahoney, 2009. "Do Gender Disparities in Employment Increase Profitability? Evidence from the United States," Feminist Economics, Taylor & Francis Journals, vol. 15(3), pages 133-161.
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