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Alberto Zanardi is currently a member of the Board of the Italian Parliamentary Budget Office. He is full professor in Public Finance at the University of Bologna (currently on leave). He graduated from Bocconi University and received a M.Sc. in Econ ...
She is doing research in Labor Economics, Gender Economics, and Economics of Science and Innovation.
2014 - n° 62 28/05/2020
ABSTRACT
Using longitudinal data from the Generations and Gender Surveys (for Bulgaria, France, and Italy), we study the determinants of predicted happiness associated with childbearing and then its role for explaining realized childbearing. “Expected happiness”, as declared by individuals, is indeed a powerful predictor of their fertility behavior. Those who expect to be happier from childbearing indeed have a much higher probability of having a child within the following three years. But the results also show strong gender and country differences in the level of expected happiness and its effect on fertility behavior. For example, in Italy we see that individuals tend to have a high expected happiness from childbearing, yet realized fertility is low. What separates this study from recent papers considering happiness and fertility is that in the GGS the question about happiness is specific with respect to childbearing. Previous studies tend to focus on overall happiness, which has the drawback of, first, having relatively low variation in responses, and second, it refers to the general level of happiness, which incorporates a whole range of factors, not just children.
2014 - n° 67 28/05/2020
ABSTRACT
This paper studies a collection of data on economic inequality in fifteen towns in the Southern and Northern Low Countries from the late Middle Ages until the end of the nineteenth century. By using a single and consistent source type and adopting a uniform methodology, it is possible to study levels of urban economic inequality across time and place comparatively. The results indicate a clear growth in economic inequality in the two centuries prior to the industrial revolution and the onset of sustained economic growth per capita. The general occurrence of this rise throughout regions with dissimilar economic trajectories contradicts the existence of a straightforward trade-off between growth and inequality as conjectured by Simon Kuznets (1955). Instead, the results presented lend support to the ‘classical’ economists’ explanation of inequality as the consequence of a changing functional distribution of income favouring capital over labour in the long run.
Keywords: income inequality,pre-industrial,economic growth,super Kuznets curve
2014 - n° 70 28/05/2020
ABSTRACT
This paper provides an overview of economic inequality in the Florentine State (Tuscany) from the late fourteenth to the late eighteenth century. Regional studies of this kind are rare, and this is only the second-ever attempt at covering such a long period. Consistent with recent research conducted on other European areas, during the Early Modern period we find clear indications of a tendency for economic inequality to grow continually, a finding that for Tuscany cannot be explained as the consequence of economic growth. Furthermore, the exceptionally old sources we use allow us to demonstrate that a phase of declining inequality, lasting about one century, was triggered by the Black Death from 1348 to 1349. This finding challenges earlier scholarship and significantly alters our understanding of the economic consequences of the Black Death. We also take into account other important topics, such as the change over time of the patrimony of the Church and of poverty. Particular attention is paid to the latter, and estimates of the prevalence of the poor in time and space are provided and discussed, also taking into account the definition and perception of the poor.
Keywords: economic inequality; social inequality; wealth concentration; middle ages; early modern period; Tuscany; Florentine State; Italy; plague; Black Death; Church property; poverty; Florence; Prato; Arezzo; San Gimignano
2014 - n° 61 28/05/2020
ABSTRACT
This article provides a comprehensive picture of economic inequality in northwestern Italy (Piedmont), focusing on the long-term developments occurring from 1300 to 1800 ca. Regional studies of this kind are rare, and none of them has as long a timescale. The new data proposed illuminate many little-known aspects of wealth distribution and general economic inequality in preindustrial times, and support the idea that during the Early Modern period, inequality grew everywhere: both in cities and in rural areas, and independently from whether the economy was growing or stagnating. This finding challenges earlier views that explained inequality growth as the consequence of economic development. The importance of demographic processes affecting inequality is underlined, and the impact of severe mortality crises, like the Black Death, is analyzed.
Keywords: economic inequality; social inequality; wealth concentration; middle ages; early modern period; Piedmont; Sabaudian States; Italy; plague; Black Death
2017 - n° 110 28/05/2020
This paper provides an overview of economic inequality in Germany from the fourteenth to the nineteenth centuries. It represents the first attempt at reconstructing long-term trends in wealth inequality in a central European area. It builds upon the data produced by the German Historical School, which from the late nineteenth century pioneered inequality studies, but also adds new archival information for selected communities and areas. Overall during the early modern period inequality was found to be increasing, as seems to have been the case in most of the European continent, but with an important local specificity: the terribly destructive Thirty Years’ War (1618-48), together with the plague epidemic of 1627-29, are found to have caused a temporary but significant phase of reduction in inequality. This is in stark contrast to other European areas for which information is available, from Italy to the Low Countries, where during 1500-1800 inequality growth was monotonic. Some evidence of a drop in inequality is also found after the Black Death of 1348-49, but in at least part of Germany inequality growth seems to have resumed immediately after that plague. Our findings contribute to deepen and to nuance our knowledge of long-term inequality trends in preindustrial Europe, and offer new material to current debates on the determinants of inequality change in western societies, past and present.
Keywords: Economic inequality; social inequality; wealth concentration; middle ages; early modern period; Germany; central Europe; plague; war; Black Death; Thirty Years’ War; poverty