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Regional Income Redistribution and Risk Sharing: How Does Italy Compare in Europe?

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  • Mr. Jörg Decressin

Abstract

This paper investigates income redistribution and risk sharing among Italy’s regions and the implications for public policy. Using a richer data set than in previous works, this study allows for an assessment of public consumption’s and investment’s roles. The findings suggest that Italy’s fiscal system provides interregional redistribution at 30–35 percent and risk sharing at 20–30 percent of GDP, mainly through public consumption. Compared with results in the literature for other European countries, there appears to be less redistribution and risk sharing in Italy through its welfare and tax systems because of their different structures.

Suggested Citation

  • Mr. Jörg Decressin, 1999. "Regional Income Redistribution and Risk Sharing: How Does Italy Compare in Europe?," IMF Working Papers 1999/123, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1999/123
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    Citations

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    Cited by:

    1. Cetrángolo, Oscar & Jiménez, Juan Pablo, 2004. "The relations between different levels of government in Argentina," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    2. Cavaliere, Giuseppe & Fanelli, Luca & Gardini, Attilio, 2006. "Regional consumption dynamics and risk sharing in Italy," International Review of Economics & Finance, Elsevier, vol. 15(4), pages 525-542.
    3. Bergman, Malin, 2003. "Interregional Inequality and Robin Hood Politics," SSE/EFI Working Paper Series in Economics and Finance 523, Stockholm School of Economics.
    4. Pacheco, Luís Miguel, 2000. "Fiscal Federalism, EMU and Shock Absorption Mechanisms: A Guide to the Literature," European Integration online Papers (EIoP), European Community Studies Association Austria (ECSA-A), vol. 4, March.
    5. Capella-Ramos, João & Checherita-Westphal, Cristina & Leiner-Killinger, Nadine, 2020. "Fiscal transfers and economic convergence," Occasional Paper Series 252, European Central Bank.
    6. Shankar, Raja & Shah, Anwar, 2003. "Bridging the Economic Divide Within Countries: A Scorecard on the Performance of Regional Policies in Reducing Regional Income Disparities," World Development, Elsevier, vol. 31(8), pages 1421-1441, August.

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