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Inequality and Inclusive Growth in Rich CountriesShared Challenges and Contrasting Fortunes$
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Brian Nolan

Print publication date: 2018

Print ISBN-13: 9780198807032

Published to Oxford Scholarship Online: July 2018

DOI: 10.1093/oso/9780198807032.001.0001

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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: 02 August 2021

Inequality amid Stagnation

Inequality amid Stagnation

Italy over the Last Quarter of a Century

Chapter:
(p.188) 8 Inequality amid Stagnation
Source:
Inequality and Inclusive Growth in Rich Countries
Author(s):

Andrea Brandolini

Romina Gambacorta

Alfonso Rosolia

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198807032.003.0008

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.

Keywords:   inequality, living standards, economic growth, public debt, exchange rate regime

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