Inequality amid Stagnation

Autor: Andrea Brandolini, Romina Gambacorta, Alfonso Rosolia
Rok vydání: 2018
Předmět:
Zdroj: Oxford Scholarship
Popis: This chapter describes how inequality and real incomes evolved in Italy from the 1980s through the double-dip recession it experienced after the Global Financial Crisis. It brings out how the crisis Italy experienced in the early 1990s marked a major turning point, with inequality increasing and economic growth subsequently low. The labour market and tax–transfer reforms implemented in the following years are also discussed. The severe impact of the economic Crisis and very limited recovery seen to date reinforce pre-existing cleavages across the generations and geographically. Substantially improved macroeconomic performance is seen as central to the restoration of significant real income growth for ordinary households.
Databáze: OpenAIRE