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Economic well-being in Italy: The role of income insecurity and intergenerational inequality

  • Berloffa, Gabriella
  • Modena, Francesca

This paper argues that the evaluation of a society's economic well-being should account for the employment risk associated with being a temporary worker and for the relative income loss of young generations with respect to older ones. We show that the inclusion of new measures of both these aspects in the IEWB almost halves economic well-being growth rates in Italy over the 1995–2007 period, with a larger reduction in Lombardy (the leading Italian region), where the incidence of the private sector is higher. In both areas well-being advanced at a significantly lower rate than GDP.

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File URL: http://www.sciencedirect.com/science/article/pii/S0167268111000345
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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 81 (2012)
Issue (Month): 3 ()
Pages: 751-765

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Handle: RePEc:eee:jeborg:v:81:y:2012:i:3:p:751-765
Contact details of provider: Web page: http://www.elsevier.com/locate/jebo

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  1. Francesca Modena & Concetta Rondinelli, 2011. "Leaving home and housing prices. The experience of Italian youth emancipation," Temi di discussione (Economic working papers) 818, Bank of Italy, Economic Research and International Relations Area.
  2. Andrea Brandolini & Giovanni D’Alessio & Luigi Cannari & Ivan Faiella, 2004. "Household Wealth Distribution in Italy in the 1990s," Economics Working Paper Archive wp_414, Levy Economics Institute.
  3. Gabriella Berloffa & Paola Villa, 2010. "Differences In Equivalent Income Across Cohorts Of Households: Evidence From Italy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(4), pages 693-714, December.
  4. Lars Osberg & Andrew Sharpe, 2005. "How Should We Measure The "Economic" Aspects Of Well-Being? ," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 311-336, 06.
  5. Lars Osberg & Andrew Sharpe, 2002. "International Comparisons of Trends in Economic Well-being," Social Indicators Research, Springer, vol. 58(1), pages 349-382, June.
  6. Federico Maria Pulselli & Francesca Ciampalini & Enzo Tiezzi & Carlo Zappia, 2005. "The Index of Sustainable Economic Welfare (ISEW) for a Local Authority: A Case Study in Italy," Department of Economics University of Siena 449, Department of Economics, University of Siena.
  7. Barbieri Paolo & Scherer Stefani, 2005. "Le conseguenze sociali della flessibilizzazione del mercato del lavoro in Italia," Stato e mercato, Società editrice il Mulino, issue 2, pages 291-322.
  8. Andrew Sharpe, 1999. "A Survey of Indicators of Economic and Social Well-being," CSLS Research Reports 99wb, Centre for the Study of Living Standards.
  9. Lars Osberg, 1998. "Economic Insecurity," Discussion Papers 0088, University of New South Wales, Social Policy Research Centre.
  10. Alfonso Rosolia & Roberto Torrini, 2007. "The generation gap: relative earnings of young and old workers in Italy," Temi di discussione (Economic working papers) 639, Bank of Italy, Economic Research and International Relations Area.
  11. Lars Osberg, 2009. "Measuring Economic Security in Insecure Times: New Perspectives, New Events, and the Index of Economic Well-being," CSLS Research Reports 2009-12, Centre for the Study of Living Standards.
  12. Osberg, L. & Sharpe, A., 1998. "An Index of Economic Well-being for Canada," Department of Economics at Dalhousie University working papers archive 98-08, Dalhousie, Department of Economics.
  13. Rosolia Alfonso, 2010. "The evolution of the earnings distribution in Italy between 1986 and 2004: evidence from the WHIP database," Politica economica - Journal of Economic Policy (PEJEP), Società editrice il Mulino, issue 2, pages 179-202.
  14. Andrew Sharpe & Lars Osberg, 2009. "New Estimates of the Index of Economic Well-being for Selected OECD Countries, 1981 - 2007," CSLS Research Reports 2009-11, Centre for the Study of Living Standards.
  15. Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
  16. cipollone piero, 2001. "Is the Italian Labour market segmented?," Temi di discussione (Economic working papers) 400, Bank of Italy, Economic Research and International Relations Area.
  17. Gabriella Berloffa & Paola Villa, 2007. "Inequality across cohorts of households: evidence from Italy," Department of Economics Working Papers 0711, Department of Economics, University of Trento, Italia.
  18. cipollone piero & Anita Guelfi, 2006. "The value of flexible contracts; evidence from an italian panel of industrial firms," Temi di discussione (Economic working papers) 583, Bank of Italy, Economic Research and International Relations Area.
  19. Tito Boeri & Andrea Brandolini, 2004. "The Age of Discontent: Italian Households at the Beginning of the Decade," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 63(3-4), pages 449-487, December.
  20. Andrea Brandolini & Piero Casadio & Piero Cipollone & Marco Magnani & Alfonso Rosolia, 2007. "Employment Growth in Italy in the 1990s: Institutional Arrangements and Market Forces," AIEL Series in Labour Economics, in: Nicola Acocella & Riccardo Leoni (ed.), Social Pacts, Employment and Growth. A Reappraisal of Ezio Tarantelli’s Thought, edition 1, chapter 4, pages 31-68 AIEL - Associazione Italiana Economisti del Lavoro.
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