| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2175 |
| DP2175 The Crisis of Germany's Pension Insurance System and How It Can Be Resolved | |
| Hans-Werner Sinn | |
| 发表日期 | 1999-06-28 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper investigates secular changes in the distribution of personal expen-diture in Italy over the period 1881-1961. To do so, the authors constructed a new dataset, the Italian Household Budgets Database (IHBD), consisting of 4,370 family-level budgets. Methodologically, this paper improves upon most existing studies in that: (i) the entire distribution of the expenditure curve is in-vestigated, rather than just sections or likely determinants of it; (ii) confidence intervals are attached to the point estimates (Gini coefficients); and (iii) signifi-cance tests ascertain that the estimated path of inequality is not due to sam-pling variation. The secular trend in consumption expenditure inequality is found to be downward sloped. Inequality declines sharply at the beginning of the century, increases during the great depression, and falls again thereafter. These findings cast considerable doubt on the existence of an inverted-U shaped Kuznets curve, as far as the Italian case is concerned. |
| 主题 | International Macroeconomics |
| 关键词 | Expenditure inequality Hot deck Italy 1881-1961 Kuznets curve Missing data Multiple imputation Non-parametric bootstrap |
| URL | https://cepr.org/publications/dp2175 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531282 |
| 推荐引用方式 GB/T 7714 | Hans-Werner Sinn. DP2175 The Crisis of Germany's Pension Insurance System and How It Can Be Resolved. 1999. |
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