Marco Magnani
Titoli dell'autore
A Firm-level Analysis of the Italian Labor Share
digital

Anno:
2015
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...
€ 6,00
On Labour Shares in Recent Decades: A Survey
digital

Anno:
2010
ABSTRACT
We survey the rich literature studying the behaviour of labor shares in recent decades. To explain
their dynamics – the main feature being the decline of European and American shares starting
in the 1980s – such literature considers models that use either neoclassical or Leontief-type production
functions, with both perfectly competitive markets and monopolistic competition coupled with
bargaining between firms and workers. These empirical studies in general have produced results that
are not very robust. However, they suggest that technical change has a negative and significant impact
on the labor share. Evidence for a negative effect of globalization variables is clearly revealed
for developing countries, whilst for advanced countries, this effect finds less support. Also, they
show that product and labor market regulation issues have mixed effects on the labor share. An alternative
to the econometric explanation of labor share is given in the final section.
Key words: Factor shares, functional income distribution.
JEL Classification: E24, E25.
€ 6,00
Is the pendulum swinging back? Policy and politics in the return of big government
digital

Anno:
2009
In the era of «small government», policy was considered the right way to conceive the role of the state in society and in the economy. This was intended as a perspective able to reduce the room for politics, considered a (dangerous) clash of power and party interests, and ideology. Given the current return of «big government», how does one deal with the unavoidable return of politics? In this paper we construct a model showing that politics should be considered purposely in a rational setting, to support effective policy, insofar as the state and its activities need substantial consensus.
Key words: Politics, policy-making, local public goods, redistributive policies, elections.
JEL Classification: D72, H40, H11.
€ 6,00
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