The Dynamics of Household Wealth Accumulation in Italy

Tullio Jappelli () and Luigi Pistaferri

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: We examine the dynamics of wealth accumulation distribution in Italy using data drawn from the Survey of Household Income and Wealth, a representative sample of the Italian population conducted by the Bank of Italy. We compare survey data with national accounts data and discuss sample representativeness, attrition, and measurement issues. We then look at wealth inequality (the cross-sectional dispersion of wealth), wealth mobility (individual transitions across the wealth distribution), and examine the age profile of wealth using repeated cross-sectional data. Finally, we consider various explanations for the pattern of wealth accumulation in Italy, focusing on retirement, bequests, income risk, health shocks, and credit market imperfections.

Keywords: Wealth accumulation; Inequality; Mobility (search for similar items in EconPapers)
JEL-codes: E21 (search for similar items in EconPapers)
Date: 1999-10-01, Revised 2000-12-01
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Citations: View citations in EconPapers (34)

Published in Fiscal Studies, June 2000, vol. 21, pages 269-295

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Journal Article: The dynamics of household wealth accumulation in Italy (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:27

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