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

47 Pages Posted: 21 Mar 2005

See all articles by Tito Boeri

Tito Boeri

Bocconi University - Department of Economics; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Andrea Brandolini

Bank of Italy

Date Written: March 2005

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.

Keywords: household confidence, income inequality, poverty, income mobility

JEL Classification: D31, I3

Suggested Citation

Boeri, Tito and Brandolini, Andrea, The Age of Discontent: Italian Households at the Beginning of the Decade (March 2005). IZA Discussion Paper No. 1530. Available at SSRN: https://ssrn.com/abstract=690142

Tito Boeri (Contact Author)

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Andrea Brandolini

Bank of Italy ( email )

Via Nazionale 91
Roma, Rome 00184
Italy
+390647923568 (Phone)
+390647923720 (Fax)

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