Regional Income Redistribution and Risk Sharing How Does Italy Compare in Europe?

34 Pages Posted: 15 Feb 2006

See all articles by Jörg Decressin

Jörg Decressin

International Monetary Fund (IMF)

Date Written: September 1999

Abstract

This paper investigates income redistribution and risk sharing among Italy`s regions and the implications for public policy. Using a richer data set than in previous works, this study allows for an assessment of public consumption`s and investment`s roles. The findings suggest that Italy`s fiscal system provides interregional redistribution at 30-35 percent and risk sharing at 20-30 percent of GDP, mainly through public consumption. Compared with results in the literature for other European countries, there appears to be less redistribution and risk sharing in Italy through its welfare and tax systems because of their different structures.

Keywords: Public policy regions redistribution risk sharing

JEL Classification: E62 H23 H50 R11

Suggested Citation

Decressin, Jorg W., Regional Income Redistribution and Risk Sharing How Does Italy Compare in Europe? (September 1999). IMF Working Paper No. 99/123, Available at SSRN: https://ssrn.com/abstract=880650

Jorg W. Decressin (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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