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

Tito Boeri () and Andrea Brandolini ()

No 1530, IZA Discussion Papers from Institute for the Study of Labor (IZA)

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 (search for similar items in EconPapers)
JEL-codes: D31 I3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec
Date: 2005-03
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