Household Wealth Distribution in Italy in the 1990s

Andrea Brandolini (), Luigi Cannari (), Giovanni D'Alessio () and Ivan Faiella ()
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Ivan Faiella: Bank of Italy, Economic Research Department

No 530, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research Department

Abstract: This paper describes the composition and distribution of household wealth in Italy. First, the evolution of household portfolios over the last forty years is described on the basis of newly reconstructed aggregate balance sheets. Second, the characteristics and quality of the main statistical source on wealth distribution, the Bank of ItalyÂ’s Survey of Household Income and Wealth, are examined together with the statistical procedures used to adjust for non-response, non-reporting and under-reporting. The distribution of household net worth is then studied using both adjusted and unadjusted data. Wealth inequality is found to have risen steadily during the 1990s. The increased concentration of financial wealth was an important factor in determining this path.

Keywords: household wealth; wealth inequality; Italy (search for similar items in EconPapers)
JEL-codes: D31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mic
Date: 2004-12
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Working Paper: Household Wealth Distribution in Italy in the 1990s (2004)
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