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Measuring WellbeingA History of Italian Living Standards$
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Giovanni Vecchi

Print publication date: 2017

Print ISBN-13: 9780199944590

Published to Oxford Scholarship Online: March 2017

DOI: 10.1093/acprof:oso/9780199944590.001.0001

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Inequality

Inequality

Chapter:
(p.293) 8 Inequality
Source:
Measuring Wellbeing
Author(s):

Nicola Amendola

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199944590.003.0009

Any history of the wellbeing of the Italians that ignores the sphere of economic inequality would be incomplete and unsatisfactory. That is why this chapter presents a quantitative reconstruction of income inequality in Italy since 1861, the year the Kingdom of Italy was founded. Estimates are based on a most innovative and unique collection of family accounts—the Italian Household Budget Database—where more than 20,000 family records have been organized and linked to modern survey data. For no other countries do such long-run, methodologically consistent and theoretically grounded series exist. In the long run Italian economic growth has been accompanied by a decrease in income inequality: this makes Italy a little-known success story. Inequality has started to increase again since the early 1990s and the barometer of the country’s social indices by now points to a clear worsening of the situation.

Keywords:   Living standards, Household budgets, Inequality, Gini index, Income distribution, Economic growth, Simon Kuznets, Fiscal data, Pen parade, Pro-poor growth

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