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Title:The Age of Discontent: Italian Households at the Beginning of the Decade PDF Logo
Authors:Boeri, Tito
Brandolini, Andrea
Issue Date:2005
Series/Report no.:IZA Discussion paper series 1530
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.
Subjects:household confidence
income inequality
poverty
income mobility
JEL:D31
I3
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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