Measuring the Income Process in Italy

Alessandro Bucciol

Rivista di Politica Economica, 2012, issue 1, 175-196

Abstract: We use a panel dataset from the SHIW survey to study the features of household income in Italy. Income is described as a combination of deterministic and random components. In aggregate deterministic income grows at an average annual rate of 1.8% net of inflation, shocks feature stationarity, and the variance of persistent and transitory shocks is around 0.03. Income grows more quickly when the head is more highly educated; the volatility of shocks is sensitive to education and the job sector of the head. Only for public sector workers we find evidence of non-stationary shocks.

Keywords: income process; income heterogeneity; persistent and transitory shocks (search for similar items in EconPapers)
JEL-codes: C23 D31 J31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:y:2012:i:1:p:175-196

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