Household Wealth Distribution in Italy in the 1990s. Brandolini, A., Cannari, L., D'Alessio, G., & Faiella, I. Technical Report 530, Bank of Italy, December, 2004.
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This paper describes the composition and distribution of household wealth in Italy. First, the evolution of household portfolios over the last forty years is described on the basis of newly reconstructed aggregate balance sheets. Second, the characteristics and quality of the main statistical source on wealth distribution, the Bank of Italy's Survey of Household Income and Wealth, are examined to-gether with the statistical procedures used to adjust for non-response, non-reporting and under-reporting. The distribution of household net worth is then studied using both adjusted and unad-justed data. Wealth inequality is found to have risen steadily during the 1990s. The increased con-centration of financial wealth was an important factor in determining this path.

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