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Famiglia e pressione fiscale
[Households and tax burden in Italy: 1991-2012]

Author

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  • Campiglio, Luigi Pierfranco

Abstract

We construct a detailed dataset, base on National Accounts, from 1991 to 2012, and the Bank of Italy survey on households in 2010, to measure the global tax burden on households consumer in Italy, distinguishing between direct, indirect taxes and social contributions. Global tax burden is estimated to 402 billions in 2012, compared with 1.567 billions of GDP, with a steadily increasing tax rate since 1991: we provide econometric estimates on the impact of each component on the household saving rate. A 1% increase of the global tax burden rate on consumer households decreases 2,9% their saving rate, which fell from 24% of disposable income in 1991 to 8% in 2012. We measure the economic impact of the decresing household saving rate on domestic investments and current account: over the period 2007-2012 only the financial sector recorded a significant increase in saving. We estimate the impact of direct and indirect taxes in 2010, in relation to households disposable income: the average direct tax rate increases from the third decile while the average indirect tax rate decrease from the 1st decile onward. The two tax rates crosses at the 5th decile. We compare two different type of households, single and double earners, at two different level of family income: the results allow a more careful analysis of horizontal equity and provide insights on the observed patterns of income inequality, family allowances and labor supply.

Suggested Citation

  • Campiglio, Luigi Pierfranco, 2013. "Famiglia e pressione fiscale
    [Households and tax burden in Italy: 1991-2012]
    ," MPRA Paper 50592, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:50592
    as

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    File URL: https://mpra.ub.uni-muenchen.de/50592/1/MPRA_paper_50592.pdf
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    References listed on IDEAS

    as
    1. Raul Caruso, 2012. "Differentials in property Rights in a two-sector economy," Revue d'économie politique, Dalloz, vol. 122(2), pages 257-278.
    2. Luigi Pierfranco Campiglio, 2011. "Libertà del vivere una vita civile e deprivazione economica," DISCE - Quaderni dell'Istituto di Politica Economica ispe0058, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    3. Luigi Pierfranco Campiglio, 2013. "Why Italy's saving rate became (so) low?," DISCE - Quaderni dell'Istituto di Politica Economica ispe0063, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    4. Maurizio Zenezini, 2010. "Unemployment and Full Employment. A Retrospective View," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 118(2), pages 225-262.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    tax burden; income inequality; saving rate.;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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