Jump to ContentJump to Main Navigation
Measuring WellbeingA History of Italian Living Standards$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 April 2021

The Cost of Living

The Cost of Living

(p.524) 14 The Cost of Living
Measuring Wellbeing

Nicola Amendola

Oxford University Press

Despite the fact that Italy has recently celebrated the 150th anniversary of its political unification, geographical disparities stand out as a prominent characteristic of the Italian economy. In this chapter we present new estimates of the gap in the average level of prices between the north and the south of the country. The positions of the two macro-areas of the country have not changed over the century and a half after unification: the north has always had a higher per-capita income than the south and a higher overall price level. The north–south divide has steadily increased, from 10 percent in 1951 to almost 20 percent in recent years. The observed divergence in price levels highlights the delay, possibly the failure, in Italy’s economic integration. Its cost, in terms of both foregone economic growth and distributive equity, is borne by Italian society as a whole.

Keywords:   Prices, Cost of living, Price indices, Inflation, Hyperinflation, Economic integration, Purchasing Power Parity (PPP), (North–South divide), Paul Samuelson, Béla Balassa

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.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .