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Economic well-being in Italy: The role of income insecurity and intergenerational inequality

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  • Gabriella Berloffa

    (University of Trento)

  • Francesca Modena

    (University of Trento)

Abstract

This paper provides a measure of economic well-being for the Italian context. In the last two decades Italy experienced a sharp increase in labour market flexibility and a relative loss of command over resources of young generations with respect to older ones. We include new measures of temporary work and intergenerational inequality in the IEWB, and analyse its evolution in Italy and in Lombardy (the leading Italian region) over the 1995-2007 period. We find that well-being advanced at a slower rate than GDP, mainly because of the negative effect of a reduction in employment security and a rise in income inequality, which was more pronounced in Lombardy.

Suggested Citation

  • Gabriella Berloffa & Francesca Modena, 2010. "Economic well-being in Italy: The role of income insecurity and intergenerational inequality," Working Papers 168, ECINEQ, Society for the Study of Economic Inequality.
    • Handle: RePEc:inq:inqwps:ecineq2010-168
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    2. Sabatini, Fabio & Sarracino, Francesco & Yamamura, Eiji, 2014. "Social norms on rent seeking and preferences for redistribution," EconStor Preprints 98662, ZBW - Leibniz Information Centre for Economics.
    3. Francesca Modena & Concetta Rondinelli & Fabio Sabatini, 2014. "Economic Insecurity and Fertility Intentions: The Case of Italy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S1), pages 233-255, May.
    4. Antonella Rita Ferrara & Rosanna Nisticò, 2019. "Does Institutional Quality Matter for Multidimensional Well-Being Inequalities? Insights from Italy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 1063-1105, October.
    5. Antonella Ferrara & Rosanna Nisticò, 2015. "Regional well-being indicators and dispersion from a multidimensional perspective: evidence from Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 373-420, December.
    6. Philip Arestis & Ana Rosa Gonzalez‐Martinez, 2019. "Economic precariousness: A new channel in the housing market cycle," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 24(2), pages 1030-1043, April.
    7. Antonella Rita Ferrara & Rosanna Nisticò, 2014. "Measuring Well-Being In A Multidimensional Perspective: A Multivariate Statistical Application To Italian Regions," Working Papers 201406, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    8. Javier Espinosa & Jorge Friedman & Carlos Yevenes, 2014. "Adverse Shocks and Economic Insecurity: Evidence from Chile and Mexico," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S1), pages 141-158, May.
    9. Bonanno, Graziella & D’Orio, Giovanni & Lombardo, Rosetta, 2020. "Generating well-being and efficiency: Evidence from Italy," Economic Analysis and Policy, Elsevier, vol. 65(C), pages 262-275.
    10. Rohde, Nicholas & Tang, Kam Ki & D’Ambrosio, Conchita & Osberg, Lars & Rao, Prasada, 2020. "Welfare-based income insecurity in the us and germany: evidence from harmonized panel data," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 226-243.
    11. Gabriella Berloffa & Francesca Modena & Paola Villa, 2011. "Inequality of opportunity for young people in Italy: Understanding the role of circumstances," Working Papers 241, ECINEQ, Society for the Study of Economic Inequality.
    12. Cifuentes, Myriam Patricia & Doogan, Nathan J. & Fernandez, Soledad A. & Seiber, Eric E., 2016. "Factors shaping Americans’ objective well-being: A systems science approach with network analysis," Journal of Policy Modeling, Elsevier, vol. 38(6), pages 1018-1039.

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    More about this item

    Keywords

    well-being; inequality; income insecurity.;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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