Factor shares dynamics in Italy

Roberto Torrini

Politica economica, 2010, issue 2, 157-178

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.

Keywords: Factor shares; profits; rents; privatizations (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.1429/32531 (application/pdf)
https://www.rivisteweb.it/doi/10.1429/32531 (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:je8794:doi:10.1429/32531:y:2010:i:2:p:157-178

Access Statistics for this article

Politica economica is currently edited by Giuseppe Marotta

More articles in Politica economica from Società editrice il Mulino
Bibliographic data for series maintained by ().