Changes in Consumption Behaviour: Italy in the Early 1990s
This paper investigates the causes of the Italian consumption decline of the early 1990’s by estimating deviations from normal consumption for 1985-94. The paper uses household data from the Survey of Family Budgets (SFB) from ISTAT, a particularly rich but relatively unexplored source containing detailed demographic and expenditure information for over 30,000 Italian households each year. The paper finds that the decline in consumption was larger for the working age households and that it was larger in the south, among the self-employed, and among public sector employees. The decline can be dated from the third quarter of 1992. A simple simulation shows how these results can be reconciled with the life-cycle model of consumption in which there is a permanent and unexpected shock to lifetime income induced by the pension and other reforms introduced by the Amato government.
Volume (Year): 61 (2002)
Issue (Month): 1 (June)
|Contact details of provider:|| Postal: via Sarfatti, 25 - 20136 Milano (Italy)|
Web page: http://www.gde.unibocconi.it/
|Order Information:|| Web: http://www.gde.unibocconi.it Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Raffaele Miniaci & Guglielmo Weber, 1996.
"The Italian recession of 1993: Aggregate implications of microeconomic evidence,"
IFS Working Papers
W96/09, Institute for Fiscal Studies.
- Raffaele Miniaci & Guglielmo Weber, 1999. "The Italian Recession Of 1993: Aggregate Implications Of Microeconomic Evidence," The Review of Economics and Statistics, MIT Press, vol. 81(2), pages 237-249, May.
- Orazio P. Attanasio & Hilary W. Hoynes, 1995.
"Differential Mortality and Wealth Accumulation,"
NBER Working Papers
5126, National Bureau of Economic Research, Inc.
- O. Attanasio & H. W. Hoynes, . "Differential mortality and wealth accumulation," Institute for Research on Poverty Discussion Papers 1079-96, University of Wisconsin Institute for Research on Poverty.
- Orazio P. Attanasio & James Banks & Costas Meghir & Guglielmo Weber, 1995.
"Humps and Bumps in Lifetime Consumption,"
NBER Working Papers
5350, National Bureau of Economic Research, Inc.
- Brandolini, A., 1999.
"The Distribution of Personal Income in Post-War Italy: Source Description, Date Quality, and the Time Pattern of Income Inequality,"
350, Banca Italia - Servizio di Studi.
- Andrea Brandolini, 1999. "The Distribution of Personal Income in Post-War Italy: Source Description, Data Quality, and the Time Pattern of Income Inequality," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 58(2), pages 183-239, September.
- Andrea Brandolini, 1999. "The Distribution of Personal Income in Post-War Italy: Source Description, Data Quality, and the Time Pattern of Income Inequality," Temi di discussione (Economic working papers) 350, Bank of Italy, Economic Research and International Relations Area.
- Erich Battistin & Raffaele Miniaci & Guglielmo Weber, 2003.
"What Do We Learn from Recall Consumption Data?,"
Journal of Human Resources,
University of Wisconsin Press, vol. 38(2).
- Erich Battistin & Raffaele Miniaci & Guglielmo Weber, 2003. "What do we learn from recall consumption data?," Temi di discussione (Economic working papers) 466, Bank of Italy, Economic Research and International Relations Area.
- Erich Battistin & Raffale Miniaci & Guglielmo Weber, 2000. "What do we learn from recall consumption data?," IFS Working Papers W00/10, Institute for Fiscal Studies.
- Jappelli, Tullio, 1995. "Does social security reduce the accumulation of private wealth? Evidence from Italian survey data," Ricerche Economiche, Elsevier, vol. 49(1), pages 1-31, March.
- Samuel Bentolila & Giuseppe Bertola, 1990. "Firing Costs and Labour Demand: How Bad is Eurosclerosis?," Review of Economic Studies, Oxford University Press, vol. 57(3), pages 381-402.
- Attanasio, Orazio P & Weber, Guglielmo, 1994. "The UK Consumption Boom of the Late 1980s: Aggregate Implications of Microeconomic Evidence," Economic Journal, Royal Economic Society, vol. 104(427), pages 1269-1302, November.
When requesting a correction, please mention this item's handle: RePEc:gde:journl:gde_v61_n1_p61-101. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erika Somma)
If references are entirely missing, you can add them using this form.