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

Author

Listed:
  • Alice Tescari

    () (University of Verona)

  • Andrea Vaona

    () (Department of Economics (University of Verona))

Abstract

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.

Suggested Citation

  • Alice Tescari & Andrea Vaona, 2012. "Gender employment disparities, financialization and profitability dynamics on the eve of Italy's long crisis," Working Papers 22/2012, University of Verona, Department of Economics.
  • Handle: RePEc:ver:wpaper:22/2012
    as

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    File URL: http://dse.univr.it/home//workingpapers/Gender_labor_disparities.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    decomposition; earnings differentials; economics of gender; feminization of the labor force; gender wage gap;

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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