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

Alice Tescari () and Andrea Vaona
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Alice Tescari: University of Verona

No 22/2012, Working Papers from University of Verona, Department of Economics

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.

Keywords: decomposition; earnings differentials; economics of gender; feminization of the labor force; gender wage gap (search for similar items in EconPapers)
JEL-codes: B50 E25 J16 (search for similar items in EconPapers)
Pages: 17
Date: 2012-06
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