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| Author: | Miniaci, R. Weber, G. |
| Title: | The Italian recession of 1993: aggregate implications of microeconomic evidence |
| Journal: | Review of Economics and Statistics
1999 : MAY, VOL. 81:2, p. 237-249 |
| Index terms: | ITALY ECONOMICS STATISTICS |
| Language: | eng |
| Abstract: | The authors use household-level data covering a ten-year period (1984 to 1993) to investigate the likely determination of the Italian recession of 1993, the first year after WWII when private consumption fell. Consumption fell most for working-age households and for the self-employed. The evidence is consistent with the response to permanent negative shocks due to the major pension reform of 1992 and the introduction of stricter tax-compliance measures for the self-employed. |
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