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Author
A. Bucciol
Year
2012
Title
Measuring the income process in Italy
Journal
Rivista di politica economica
Volume | Issue number
102 | 1
Pages (from-to)
175-196
Document type
Article
Faculty
Faculty of Economics and Business (FEB)
Institute
Amsterdam School of Economics Research Institute (ASE-RI)
Abstract
We use a panel dataset from the SHIW survey to study the features of household income in Italy. Income is described as a combination of deterministic and random components. In aggregate deterministic income grows at an average annual rate of 1.8% net of inflation, shocks feature stationarity, and the variance of persistent and transitory shocks is around 0.03. Income grows more quickly when the head is more highly educated; the volatility of shocks is sensitive to education and the job sector of the head. Only for public sector workers we find evidence of non-stationary shocks.
Language
English
Permalink
http://hdl.handle.net/11245/1.373020

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