This paper analyses the impact of capital gains on the level and distribution of wealth held by Italian households between 1989 and 2005. The evaluation of these issues is achieved using both macro and micro data in order to obtain a more robust result. The estimation of capital gains through...

In this paper we examine the role of intergenerational transfers in the wealth accumulation of Italian households. Received transfers represent an important share of the net wealth held by households. Direct estimates referring to 2002 range from 30 to 55 per cent, depending on the inclusion of...

The paper offers a broad overview of the topics addressed during the Bank of Italy's conference on Household wealth in Italy held in Perugia (Italy) in 2007. It recalls the principal reasons for central bank involvement in the compilation of statistics on wealth, looks at the Bank of Italy's...

This paper describes the evolution of the main indicators of economic wellbeing and inequality in Italy from the aftermath of World War II onwards, showing that their dynamics have differed over time periods and population subgroups. It also presents some reflections on the adequacy of per...

This paper presents the main findings of the Survey on Household Income and Wealth for the Italian region of Lombardy. To get a large enough sample, the observations on 2004, 2006, and 2008 were pooled. The work sets out the structural characteristics for Lombardy prior to the crisis, with...

During the last two decades, house prices in Italy have increased dramatically in real terms, particularly in large towns and cities; the rise in rents has been even more marked. This paper analyses home affordability for households, considering both the rent and the property markets. In...

This paper is aimed at evaluating the incidence of measurement error in the Bank of Italy's Survey of Household Income and Wealth (SHIW). In the case of time-invariant variables, we assess the degree of inconsistency of answers given by panel households in subsequent survey waves. For quantities...

The growth in top incomes occurring in most Oecd countries as from the closing decades of the 20th century is by now well documented, while hard thinking in terms of evaluating the phenomenon appears overdue. Prompted by Franzini Ricchi e poveri. L’Italia e le disuguaglianze (in)accettabili...