How Labour Market Policies can Foster Earnings Inequality
Italy has a high level of income inequality but this has not increased substantially over the past decades. Two main dimensions: the sharp division between a more developed North and a backwards South, and a weak state explain the relatively high inequality. In fact, the general stability of inequality over time hides substantial changes underneath. The most significant change concerns the young generations, which are facing a very different labour market. Flexibilization at the margin has reinforced the two-tier nature of the labour market. Up to the recent financial crisis, the stability of inequality has been maintained with a combination of high levels of private net wealth and high levels of public debt. Families have resisted the decline in income opportunities by depleting assets, but may now have reached the limits and revert to a lower consumption path.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.