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The Age of Discontent: Italian Households at the Beginning of the Decade

Author Info

  • Tito Boeri

    ()

    (Bocconi University, CEPR)

  • Andrea Brandolini

    (Bank of Italy, Research Department)

Abstract

In the Italian public debate growing attention has been recently paid to “household impoverishment”. Subjective indicators of economic condition show that this concern reflects a common sentiment of the Italian population. On the other hand, estimates based on the Bank of Italy’s Survey of Household Income and Wealth reveal a surprising stability of income distribution in the period 1993-2002, after the sharp widening amid the 1991-92 recession. A number of possible reasons that can account for this apparent inconsistency are investigated: data deficiencies; disappointed expectations; significant distributive changes across socio-economic groups which have cancelled out at the aggregate level; higher income mobility not captured by static inequality indices.

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Article provided by GDE (Giornale degli Economisti e Annali di Economia), Bocconi University in its journal Giornale degli Economisti e Annali di Economia.

Volume (Year): 63 (2004)
Issue (Month): 3-4 (December)
Pages: 449-487

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Handle: RePEc:gde:journl:gde_v63_n3-4_p449-487
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Keywords: household confidence; income inequality; poverty; income mobility;

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Find related papers by JEL classification:
  • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
  • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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  12. Golinelli Roberto & Parigi Giuseppe, 2005. "Le famiglie italiane e l'introduzione dell'euro: storia di uno shock annunciato," Politica economica, Società editrice il Mulino, issue 2, pages 201-226.
  13. Cowell, Frank A., 1989. "Sampling variance and decomposable inequality measures," Journal of Econometrics, Elsevier, vol. 42(1), pages 27-41, September.
  14. Tito Boeri & Axel Boersch-Supan & Guido Tabellini, 2002. "Pension Reforms and the Opinions of European Citizens," American Economic Review, American Economic Association, vol. 92(2), pages 396-401, May.
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