A Tale of Two Countries: The Long Shadow of the Crisis on Income and Wealth in Germany and Italy

Authors: Charlotte Bartels and Salvatore Morelli

Publication: Journal of Modern European History. vol. 19, no. 1, pp. 33–39.

Date: February 2021. 

Abstract:

What are the impacts of economic crises on the distribution of income and wealth? The available empirical research suggests that the distributional effects of crises are contextual and that a ‘hard and fast’ pattern might not exist. Crises differ in their root causes and the effects on the distribution may vary across countries, across inequality concepts (market or disposable income, wealth or consumption), and across inequality measures (Gini, top shares, gaps between socio-demographic groups, etc.).

Link: A Tale of Two Countries: The Long Shadow of the Crisis on Income and Wealth in Germany and Italy