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A Firm-level Analysis of the Italian Labor Share

Author

Listed:
  • Vincenzo Dall’Aglio

    (Department of Economics, University of Parma)

  • Marco Magnani

    (Department of Economics, University of Parma)

  • Pier Luigi Marchini

    (Department of Economics, University of Parma)

Abstract

The present paper analyzes the medium- and the short-run dynamics of the labor share in Italy adopting an unusual approach to the problem. We do notstudy the aggregate level, but analyze instead the labor shares of firms. The aim is to identify determinants of the labor shares and investigate the effects of the elasticity of substitution between labor and capital, the effects of technical progress and globalization.

Suggested Citation

  • Vincenzo Dall’Aglio & Marco Magnani & Pier Luigi Marchini, 2015. "A Firm-level Analysis of the Italian Labor Share," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 123(2), pages 179-210.
    • Handle: RePEc:vep:journl:y:2015:v:123:i:2:p:179-210
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    Citations

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    Cited by:

    1. Corbellini, Aldo & Magnani, Marco & Morelli, Gianluca, 2021. "Labor market analysis through transformations and robust multivariate models," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    2. Mondolo, Jasmine, 2020. "Macro and microeconomic evidence on investment, factor shares, firm and labor dynamics in Italy and in Trentino," MPRA Paper 99138, University Library of Munich, Germany.
    3. Alessandro Bellocchi & Giovanni Marin & Giuseppe Travaglini, 2021. "The Great Fall of Labor Share:Micro Determinants for EU Countries Over 2011-2019," Working Papers 2102, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2021.
    4. Mondolo, Jasmine, 2021. "Macroeconomic dynamics and the role of market power. The case of Italy," MPRA Paper 110172, University Library of Munich, Germany, revised 05 Oct 2021.

    More about this item

    Keywords

    Factor shares; Functional incomedistribution; Firm behaviour;
    All these keywords.

    JEL classification:

    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution

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