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The impact of place‐based policies on interpersonal income inequality

Dados Bibliográficos

ID9724259
AutoresGiuseppe Albanese (0000-0001-5731-0454, Bank of Italy, autor correspondente), Guglielmo Barone (University of Bologna and RCEA), Guido de Blasio (0000-0002-2800-2038, Bank of Italy)
Ano2023
Volume90
Fascículo358
Páginas508-530
Data de publicação2023-04-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/ecca.12465
OpenAlexW4321102631
IdiomaEN
Referências citadas41

This paper assesses the causal impact of the European Union (EU) cohesion policy, aimed at reducing the regional divide within the EU, on interpersonal income inequality in receiving areas. We leverage a severe contraction of financing, which took place in an Italian region in 2007, and adopt a difference‐in‐discontinuity empirical design to show that the Gini index (of income) at the municipality level goes down because of the end of the policy. The improvement is due to the move of top earners towards the centre of the distribution. The reduction in the Gini indicator is confirmed even if we resort to a region‐level analysis. Our results suggest that from a policy perspective, reducing spatial inequality might come with the cost of worsening inequality across individuals

Cohesion (chemistry) · Demographic economics · Economic inequality · Economic policy · Economics · European union · Gini coefficient · Income distribution · Income inequality metrics · Inequality · Interpersonal communication · Labour economics · Leverage (statistics) · Public economics · Sociology · Theil index · Economic Growth and Productivity · Regional Development and Policy · Regional Economics and Spatial Analysis

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