The objective of this paper is to show that the current global economic crisis, in which also Italy fell in 2008, represents just the last step of a long declining path for the Italian economy which began in the nineties, or to be more precise in 1992and 1993. In particular, I argue the reasons...

The paper explores the "race" between wages and labor productivity in the contemporary Russian economy. It continues the author’s previous research where the same problem was examined for the earlier period of 1997—2007. The analysis focuses on dynamics in labor productivity and labor...

Through panel estimates using OECD country-industry statistics, this paper aims to clarify the determinants of rent creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is carried out in two steps. The first explains the rent...

This paper examines how individuals' earnings mobility varies with the time period considered and starting position in the earnings distribution, as well as by age and sex. Three measures are used in this analysis: conditional transition matrices between earnings quintiles, the total number of...

This paper examines how individuals' earnings mobility varies with the length of the interval considered, the spacific time period covered, the starting point in the earnings distribution, and age and sex.

We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated...

Over the last two decades the share of national income which accrues to labour has followed a marked downward trend across a host of industrialised countries. This paper attempts to assess the importance of several potential causes of this phenomenon. We investigate compositional effects, the...

This paper seeks to understand labour share dynamics in Europe over the medium run. After documenting basic empirical regularities, we quantify the contribution of shifts in the sectoral and the employment composition of the economy to labour share movements. The findings from the shift-share...

The authors study the employment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions.