Changes in wealth distribution in Italy (2002-2012) and who gained from the Great Recession




Inequality, Family assets, Net wealth, Gini decomposition


The aim of the paper is to analyze changes in families’ assets between 2002 and 2012; to measure changes in the degree of inequality; and to identify which social groups (or classes) have gained from these changes, using the decomposition procedure of the Gini concentration ratio proposed by Dagum (1997). The paper introduces two important methodological innovations. First, the definition of household wealth employed here is net wealth minus the value of the household’s home (if owned). Second, we develop a new method for computing the Gini coefficient in presence of negative values, and for decomposing it.

JEL Classification: D10, D31

Author Biographies

Ignazio Drudi, University of Bologna

Full professor in Econimic Statistics, Dpt. of Statistics

Giorgio Tassinari, University of Bologna

Full professor in Econimic Statistics, Dpt. of Statistics

Fabrizio Alboni, Res coop Bologna

Contract Lecturer in Economic Statistics, Dpt. of Statistics, University of Bologna


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How to Cite

Drudi, I., Tassinari, G., & Alboni, F. (2017). Changes in wealth distribution in Italy (2002-2012) and who gained from the Great Recession. PSL Quarterly Review, 70(281), 129–153.