The Heterogeneous Impact of Inflation Across the Joint Distribution of Household Income and Wealth

Luigi Infante, David Loschiavo, Andrea Neri, Matteo Spuri and Francesco Vercelli ()
Additional contact information
Andrea Neri: Directorate General for Economics, Statistics and Research
Francesco Vercelli: Directorate General for Economics, Statistics and Research

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2025, vol. 11, issue 2, No 9, 703-724

Abstract: Abstract We use the Distributional Wealth Accounts experimental statistics and preliminary survey data from the 2022 wave of the Survey on Household Income and Wealth, currently under collection, to assess the impact of the 2022 inflationary shock on financial wealth along the joint distribution of Italian household income and wealth. The analysis was carried out by dividing households into four groups based on their position relative to the median income and wealth values. In 2022 household net wealth at constant prices decreased by 11.4%, with small differences between the bottom and the top half of its distribution. The erosion of net financial wealth due to inflation amounted to slightly above one-tenth of annual disposable income for households in the upper part of the net wealth distribution. High-income households with low net wealth gained from inflation (9% of income) since they benefitted from the relatively larger erosion of the real value of their financial liabilities.

Keywords: Distributional wealth accounts; Inflation; Joint income and wealth distribution (search for similar items in EconPapers)
JEL-codes: D14 D31 D51 E31 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40797-024-00294-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: The heterogeneous impact of inflation across the joint distribution of household income and wealth (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:italej:v:11:y:2025:i:2:d:10.1007_s40797-024-00294-2

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40797

DOI: 10.1007/s40797-024-00294-2

Access Statistics for this article

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti is currently edited by Roberto Cellini

More articles in Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti from Springer, Società Italiana degli Economisti (Italian Economic Association) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().