Luigi Cannari

Luigi Cannari
Banca d'Italia · Statistics

About

72
Publications
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1,220
Citations
Citations since 2016
11 Research Items
230 Citations
201620172018201920202021202201020304050
201620172018201920202021202201020304050
201620172018201920202021202201020304050
201620172018201920202021202201020304050

Publications

Publications (72)
Article
Full-text available
Il lavoro esamina sia la persistenza intergenerazionale delle condizioni economiche familiari in termini di istruzione, reddito e ricchezza, sia l’importanza delle condizioni di partenza nello spiegare il successo degli italiani. I risultati collocano l’Italia nel novero dei paesi con una persistenza intergenerazionale delle condizioni economiche r...
Article
Full-text available
he paper examines the intergenerational persistence of economic conditions in terms of education, income and wealth, and the importance of starting conditions in explaining success in Italy. The intergenerational persistence of economic conditions turns out to be relatively high by international standards; in recent years this phenomenon has displa...
Article
L 'articolo esamina la persistenza intergenerazionale delle condizioni economiche in termini di reddito e ricchezza in Italia, l'importanza delle condizioni di partenza e il ruolo delle eredità. I risultati collocano il nostro paese tra quelli con una persistenza intergenerazionale delle condizioni economiche relativamente alta; in anni recenti que...
Article
Full-text available
This paper provides a reconstruction of the joint distribution of Italian households’ income and wealth in the years ranging from 1968 to 1975. Exploiting the information available in some historical reports recently published by the Bank of Italy, the paper reconstructs synthetic microdata compatible with the aggregate results of sample surveys ca...
Chapter
Wealth and wellbeing - Some good reasons for studying household wealth – What goes to define the wealth of Italians – The measurement challenge – The likely amount of the wealth of the Italians - The composition of wealth – The distribution of wealth – Wealth and GDP: a dangerous relationships – Tracing the origin of wealth – In the wealth trap? –...
Article
Full-text available
Il lavoro descrive l’evoluzione dell’indagine sui bilanci delle famiglie dalla sua origine nei primi anni sessanta fino ad oggi, illustrando in che modo le innovazioni che si sono susseguite nel corso del tempo hanno consentito di migliorare la qualità dei dati raccolti e ampliare le possibilità di analisi. Il lavoro esamina inoltre estesamente in...
Article
In this paper we examine the relation among socio-economic conditions, health, and mortality, making use of data from the Survey of Household Income and Wealth carried out by the Bank of Italy. The analysis is crucial not only from a demographic, sociological, and epidemiological point of view, but also at the economic level. The differential morta...
Article
Full-text available
In questo lavoro si stima l’andamento dei prezzi delle case e quello dei terreni sottostanti dal 1927 al 2012. Al netto dell’inflazione, nel periodo in esame i prezzi delle case sono più che triplicati, mentre nelle grandi città sono quintuplicati. L’aumento risulta largamente superiore a quello dei costi di costruzione, che in termini reali sono p...
Article
Full-text available
Il lavoro analizza l’evoluzione recente delle economie del Nord Ovest italiano, concentrandosi sui fenomeni della deindustrializzazione e della terziarizzazione dell’economia. Dal confronto con un gruppo di regioni europee definibili come “industriali avanzate”, emerge come il ritardo di crescita economica del Nord Ovest, accentuatosi nel corso deg...
Book
Full-text available
Il lavoro analizza l’evoluzione recente delle economie del Nord Ovest italiano, concentrandosi sui fenomeni della deindustrializzazione e della terziarizzazione dell’economia. Dal confronto con un gruppo di regioni europee definibili come “industriali avanzate”, emerge come il ritardo di crescita economica del Nord Ovest, accentuatosi nel corso deg...
Research
Full-text available
Nel lavoro si esamina la relazione tra le condizioni socio economiche, lo stato di salute e la mortalità, facendo ricorso ai dati dell’indagine sui bilanci delle famiglie italiane condotta dalla Banca d’Italia. L’approfondimento di queste relazioni è di interesse non solo sotto il profilo demografico, sociologico ed epidemiologico, ma anche sotto q...
Article
Full-text available
Nell’ultimo decennio, ma soprattutto nella recente crisi economica mondiale, il divario tra l’industria del Mezzogiorno e quella del Centro Nord si è ampliato: gli investimenti e l’occupazione industriale si sono ridotti in misura assai più intensa che al Centro Nord; il contributo delle regioni meridionali al valore aggiunto industriale nazionale...
Article
Oltre il Pil: come cambiano le condizioni delle famiglie italiane? Il lavoro illustra l'evoluzione dei principali indicatori di benessere economico e di disuguaglianza in Italia dal secondo dopoguerra, mostrando che i progressi non sono stati uniformi nel tempo e tra le categorie di cittadini; fornisce inoltre alcuni spunti di riflessione sulla ade...
Article
This paper describes the evolution of the main indicators of economic well-being and inequality in Italy from World War II onwards, showing that their dynamics differed across time periods and population subgroups. It also presents some reflections on the adequacy of per capita GDP as a measure of well-being. We argue that economic resources play a...
Article
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The lag in innovation in Italy vis-Ã -vis the other main industrial countries is one of the effects of the fragmentation of the production system into many small firms that have trouble bearing the high cost of R&D and taking the related risks. Such other causes as shortages in human capital for management and R&D and excessive labor flexibility, u...
Article
The paper summarizes the results of a research project carried out by the Bank of Italy. It focuses on economic developments in the North East of Italy and seeks explanations for the poor performance of the region in the recent past. In particular, the paper analyses the manufacturing and banking sectors, firms' strategies and internationalization,...
Article
Full-text available
This paper presents the main findings of the Survey on Household Income and Wealth for the Italian region of Lombardy. To get a large enough sample, the observations on 2004, 2006, and 2008 were pooled. The work sets out the structural characteristics for Lombardy prior to the crisis, with special attention to comparison with other northern Italian...
Article
The paper reviews the main results of a research project on the Mezzogiorno carried out by Bank of Italy in 2008-09 to investigate the chronic relative backwardness of Italy's southern regions. Per capita output in the South is less than 60 per cent of that in the Centre and North; one fifth of the jobs in the South are in the «informal» sector; So...
Article
The paper reviews the main results of a research project on the Mezzogiorno carried out by Bank of Italy in 2008-09 to investigate the chronic relative backwardness of Italy's southern regions. Per capita output in the South is less than 60 per cent of that in the Centre and North; one fifth of the jobs in the South are in the «informal» sector; So...
Article
The volume brings together the papers presented at the Conference on "The Mezzogiorno and Italian economic policy " held in Rome on 26 November, 2009. The analysis focuses on social capital, the difficulties that businesses face in working in the South, the role of the financial system, the effectiveness of aid to enterprises, the role of public fi...
Article
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The volume collects the papers presented at the Conference on "Banks, Local Credit Markets and Credit Supply" held in Milan, on 24 March 2010. The papers presented at the two sessions of the Conference analyse how banks' lending activities are organized and how this affects the supply of credit to small and medium-sized enterprises (SMEs). The firs...
Book
Oggi in Italia si registra un benessere economico assai superiore al passato, nonostante la recente crisi economica. Ma rispetto a cinquant'anni fa gli italiani non sono molto più soddisfatti. Perché? Nel volume si analizza l'evoluzione delle condizioni di vita degli italiani dal dopoguerra a oggi, attraverso sia gli indicatori economici sia altre...
Article
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In this paper I examine the Italian regional policies launched in the second half of the 1990s. In evaluating the discrepancy between targets and results I argue that the failure of regional policies is a facet of the more general failure of Italian economic policies in the last fifteen years. Two main aspects are highlighted: the effectiveness of...
Article
Mezzogiorno e politiche regionali Il lavoro illustra, con riferimento al passato decennio, il ruolo delle politiche regionali e nazionali nello sviluppo delle Regioni meridionali. Nel valutare lo scostamento tra risultati e obiettivi si argomenta che l’insuccesso della Nuova politica regionale è un aspetto dell’insuccesso complessivo della politica...
Article
In this paper we examine the Italian regional policies launched in the second half of the 1990s and aimed at promoting the development of Southern Italy. Ten years on, the goals have not been reached, either in terms of social and economic development, or of the performance of firms receiving government aid. In evaluating the discrepancy between ta...
Article
This paper provides a detailed insight into the magnitude of price-level differentials among Italian regions, supplementing the data collected by Istat with information on house prices and rentals collected by Agenzia del Territorio and by the Bank of Italy and with estimates from other sources. Results show that prices are lower in southern Italy...
Article
Full-text available
The paper offers a broad overview of the topics addressed during the Bank of Italy's conference on Household wealth in Italy held in Perugia (Italy) in 2007. It recalls the principal reasons for central bank involvement in the compilation of statistics on wealth, looks at the Bank of Italy's experience in this specific field, provides a brief synop...
Article
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Official estimates of households' real assets are not available in Italy. Earlier research that reconstructed this component of wealth overlooked the components related to the activities of producer households. This paper presents a method for obtaining a valuation of the components of the real assets related to households business activities. Usin...
Article
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In Italy there is no official source of information on house prices. Data on this issue are collected by several sources, each of them with its own advantages and disadvantages. Data for a representative but small sample of households are collected by the Bank of Italy's Survey of Household Income and Wealth (SHIW). In this paper we present a metho...
Article
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In this paper we examine the role of intergenerational transfers in the wealth accumulation of Italian households. Received transfers represent an important share of the net wealth held by households. Direct estimates referring to 2002 range from 30 to 55 per cent, depending on the inclusion of the income stream produced by transferred assets. This...
Article
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This paper analyses the impact of capital gains on the level and distribution of wealth held by Italian households between 1989 and 2005. The evaluation of these issues is achieved using both macro and micro data in order to obtain a more robust result. The estimation of capital gains through macro data is obtained using national accounts data whil...
Conference Paper
Full-text available
Wealth is an essential indicator of households' material well-being: assessing its amount, trend and distribution is useful to understand our society and the way it evolves. Availability of data on wealth allows the central bank to understand better the interaction between households' behaviour, financial markets and the main macroeconomic variable...
Article
The Economy of the Italian Regions in the year 2006 analyzes the evolution of production, labour market, financial aggregates and regional public finances in the four main Italian territorial areas. Topics analyzed focus on structural change in the Italian economy; trends in Mezzogiorno's exports; the evolution of local markets for university-level...
Article
The Economy of the Italian Regions in the year 2006 analyzes the evolution of production, labour market, financial aggregates and regional public finances in the four main Italian territorial areas. Topics analyzed focus on structural change in the Italian economy; trends in Mezzogiorno's exports; the evolution of local markets for university-level...
Article
This paper investigates the effects of subsidies on the investment decisions of a sample of Italian manufacturing firms. We use survey information on firmsÂ’ subjective evaluations of the investment they would have undertaken without financing, finding that subsidies have limited effectiveness as a stimulus. Without subsidies, three-quarters of the...
Article
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In this paper we use data from the Bank of ItalyÂ’s Survey on Household Income and Wealth (SHIW) to study what Italian households think of tax evasion, and to estimate their propensity to evade taxes. This propensity turns out to be larger for the self-employed than for employees; within the group of employees, the propensity is higher for blue-col...
Article
The Economy of the Italian Regions in the year 2005 analyzes the evolution of production, labour market, financial aggregates and regional public finances in the four main Italian territorial areas. Topics analyzed focus on structural change in the Italian economy; trends in Mezzogiorno's exports; the evolution of local markets for university-level...
Chapter
Full-text available
The contributors to this comprehensive book compile and analyse the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during the 1990s and into the twenty-first century. The authors show that in the US, trends are highlighted in terms of wealth holdings, among the low-in...
Book
In Italia - che pure non tra i paesi con più elevata disuguaglianza - i 10 individui più ricchi posseggono più risorse economiche dei circa 3 milioni di individui più poveri. Molte sono le questioni di natura economica e politica che tale divario solleva. Quanta parte della ricchezza di un individuo deriva dal suo impegno e quanta invece frutto del...
Article
Full-text available
This paper describes the composition and distribution of household wealth in Italy. First, the evolution of household portfolios over the last 40 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 o...
Article
Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. The Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and econ...
Article
Full-text available
In this paper we estimate the current account of the balance of payments of ItalyÂ’s Southern and Northern regions for the period 1998-2000. In our scheme the General Government is considered as a non-resident institution; fiscal revenues and expenditure generate credits and debts in the balances of payments of the South and the North. We find that...
Article
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Standard real business cycle models must rely on total factor productivity (TFP) shocks to explain the observed comovement of consumption, investment, and hours worked. This paper shows that a neoclassical model consistent with observed heterogeneity in labor supply and consumption can generate comovement in the absence of TFP shocks. Intertemporal...
Article
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Information from the Survey of Italian Household Income and Wealth (SHIW) is not normally used as a basis for regional estimates on account of the small sample size. This paper presents an experimental estimation of regional aggregates for the period 1995-2000, obtained by combining several surveys. The variability of estimates is reduced not only...
Article
Based on the volume edited by Alberto Zazzaro (2010), this work offers a series of reflections on the evolution of industrial clusters – in particular, showing that the advantages of agglomeration (the so-called district effect) tend to weaken with the passing of time – and on the capacity of networks of firms to compensate for the handicap of smal...
Article
In recent years, internal migration in Italy has declined markedly, notwithstanding the widening of the North-South gap in terms of unemployment rates and real income. Here, the extent to which the housing market has contributed to the decline is examined. Preliminary to this analysis, differentials in the cost of housing between the macro-areas of...
Chapter
Full-text available
According to the Life Cycle and Permanent Income Hypotheses consumption should be largely independent on current income. The stylized fact that consumption and current income tend to move together is therefore a puzzle. One among the possible explanations is that liquidity constraints make consumers unable to borrow enough to smooth their consumpti...
Chapter
The evolution of private saving and its interaction with government fiscal policy play an important and complex role in the development of the national economy. To gain insight into this process, it is imperative that we improve our understanding of the savings behaviour of individual households and of the ways in which they aggregate over the enti...
Chapter
The evolution of private saving and its interaction with government fiscal policy play an important and complex role in the development of the national economy. To gain insight into this process, it is imperative that we improve our understanding of the savings behaviour of individual households and of the ways in which they aggregate over the enti...
Chapter
The evolution of private saving and its interaction with government fiscal policy play an important and complex role in the development of the national economy. To gain insight into this process, it is imperative that we improve our understanding of the savings behaviour of individual households and of the ways in which they aggregate over the enti...
Chapter
Full-text available
Availability of data on the amount and composition of wealth is of signal importance in order to interpret the patterns of household consumption and savings in the light of a life-cycle theory or other interpretative schemas keyed to the source and destination of accumulated wealth and the significance of intergenerational transfers. More precise m...
Article
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In most European Countries, businesses represent an important share of household wealth. In Italy, according to the 2002 Italian Survey on Household Income and Wealth, more than 10 per cent of non financial assets are represented by businesses. Moreover such an asset accounts for about one third of the non financial wealth of entrepreneurs and memb...
Article
Full-text available
Nel presente lavoro si effettua una ricostruzione della ricchezza reale e finanziaria delle famiglie nelle regioni italiane nel periodo 1991-2001. Il metodo è basato sulla disaggregazione a livello regionale di stime nazionali tratte, per le attività finanziarie, dai conti finanziari e, per le attività reali, da Brandolini, Cannari, D’Alessio e Fai...
Article
Full-text available
Previous literature has extensively documented that the wage im-pact of immigration is basically zero. This paper argues that if immi-gration brings positive (negative) consumption effects, then its impact on wages might underestimate (overestimate) that on productivity. Then it shows how the bias can be detected trough the estimation of the impact...

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