Regional Income Redistribution and Risk Sharing: How Does Italy Compare in Europe?

September 1, 1999

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Format: Chicago

Jörg Decressin. Regional Income Redistribution and Risk Sharing: How Does Italy Compare in Europe?, (USA: International Monetary Fund, 1999) accessed September 20, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper investigates income redistribution and risk sharing among Italy’s regions and the implications for public policy. Using a richer data set than in previous works, this study allows for an assessment of public consumption’s and investment’s roles. The findings suggest that Italy’s fiscal system provides interregional redistribution at 30–35 percent and risk sharing at 20–30 percent of GDP, mainly through public consumption. Compared with results in the literature for other European countries, there appears to be less redistribution and risk sharing in Italy through its welfare and tax systems because of their different structures.

Subject: Consumption, Disposable income, Expenditure, Fiscal policy, Fiscal stance, National accounts, Personal income, Social assistance spending

Keywords: Consumption, Europe, Expenditure category, Fiscal stance, GDP, GDP innovation, Household income, Income, Per capita income, Personal income, Public policy, Redistribution, Regions, Revenue, Revenue category, Risk sharing, Social assistance spending, Welfare system, WP

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1999/123
Stock No:

WPIEA1231999
ISBN:

9781451854596
ISSN:

1018-5941

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