Measuring the income process in Italy
| Authors |
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| Publication date |
2012
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| Journal |
Rivista di politica economica
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| Volume | Issue number |
102 | 1
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| Pages (from-to) |
175-196
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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| 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.
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| Document type |
Article
|
| Language |
English
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