This thesis consists of three independent academic papers, each addressing in different way, through a macroeconomic and long-term perspective, the relationship between productivity and wage share in Italy and Eurozone since 1960s. Taken together, the papers provide a comprehensive view that emphasizes how neoliberal labour policies discouraged - through lower wages to productive investment and organizational improvements, fostering the spread of low value-added production and ultimately undermining productivity, domestic demand, and the country’s economic growth.
Essays on wage share and productivity: the cases of Italy and Eurozone / Angelone, Paolo. - (2026).
Essays on wage share and productivity: the cases of Italy and Eurozone
Paolo Angelone
2026-01-01
Abstract
This thesis consists of three independent academic papers, each addressing in different way, through a macroeconomic and long-term perspective, the relationship between productivity and wage share in Italy and Eurozone since 1960s. Taken together, the papers provide a comprehensive view that emphasizes how neoliberal labour policies discouraged - through lower wages to productive investment and organizational improvements, fostering the spread of low value-added production and ultimately undermining productivity, domestic demand, and the country’s economic growth.| File | Dimensione | Formato | |
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PhD thesis Angelone.pdf
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Descrizione: PhD thesis Angelone
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