Inequality across cohorts of households: evidence from Italy
AbstractIn this paper we examine the evolution of household equivalent income for "cohorts of households" defined by the age of the household's head, using Italian data from the Survey of Household Income and Wealth (SHIW), for the period between 1989 and 2004. The descriptive and econometric analysis reveals a deterioration of the economic conditions and prospects of young cohorts of households in comparison with older cohorts. This phenomenon is due to the joint occurrence of various events, like the institutional changes of the labour market, the poor economic performance of the economy and its adverse effects on white and blue collars, the new rules introduced for the pension system, and an exceptional increase in house prices and rents. Decreasing returns to education, the reduction in household size and the increase in the number of income recipients - due to both rising female participation and children living longer with their parents - are also found to have significant effects on the differences between cohorts at the same age.
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Bibliographic InfoPaper provided by Department of Economics, University of Trento, Italia in its series Department of Economics Working Papers with number 0711.
Date of creation: 2007
Date of revision:
Household Income; Inequality; Cohort Analysis.;
Find related papers by JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D30 - Microeconomics - - Distribution - - - General
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGE-2007-05-26 (Economics of Ageing)
- NEP-ALL-2007-05-26 (All new papers)
- NEP-EEC-2007-05-26 (European Economics)
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