Changes in wealth distribution in Italy (2002-2012) and who gained from the Great Recession

Ignazio Drudi (), Giorgio Tassinari and Fabrizio Alboni ()
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Ignazio Drudi: University of Bologna
Fabrizio Alboni: Res. Coop. Bologna

PSL Quarterly Review, 2017, vol. 70, issue 281, 129-153

Abstract: The aim of the paper is to analyze changes in families’ assets between 2002 and 2012; to measure changes in the degree of inequality; and to identify which social groups (or classes) have gained from these changes, using the decomposition procedure of the Gini concentration ratio proposed by Dagum (1997). The paper introduces two important methodological innovations. First, the definition of household wealth employed here is net wealth minus the value of the household’s home (if owned). Second, we develop a new method for computing the Gini coefficient in presence of negative values, and for decomposing it.

Keywords: Inequality; Family assets; Net wealth; Gini decomposition (search for similar items in EconPapers)
JEL-codes: D10 D31 (search for similar items in EconPapers)
Date: 2017
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