A FIRM-LEVEL ANALYSIS OF THE ITALIAN LABOR SHARE

摘要

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.