@TechReport{iza:izadps:dp1530, author={Boeri, Tito and Brandolini, Andrea}, title={The Age of Discontent: Italian Households at the Beginning of the Decade}, year={2005}, month={Mar}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={1530}, url={https://www.iza.org/publications/dp1530}, abstract={In the Italian public debate growing attention has been recently paid to “household impoverishment”. Subjective indicators of economic condition show that this concern reflects a common sentiment of the Italian population. On the other hand, estimates based on the Bank of Italy’s Survey of Household Income and Wealth reveal a surprising stability of income distribution in the period 1993-2002, after the sharp widening amid the 1991-92 recession. A number of possible reasons that can account for this apparent inconsistency are investigated: data deficiencies; disappointed expectations; significant distributive changes across socio-economic groups which have cancelled out at the aggregate level; higher income mobility not captured by static inequality indices.}, keywords={poverty;income inequality;household confidence;income mobility}, }