Italy leads growing trend in Europe

Published on 24 June 2013 at 11:51

According to a study commissioned by the European Union “Italy is among the countries with the highest level of income inequality, second only to the UK in the EU, and well above the OECD average,” reports Il Sole 24 Ore.

The “Gini - Growing Inequalities’ Impacts” study, based on the Gini index and compiled by researchers at seven European universities, analysed the income dynamics of 30 European countries from the 1980s up to the present day, dividing them in regional catagories. The newspaper continues –

Continental European countries (Germany, France and Benelux) have a low Gini index, between 0.26 and 0.30 and one which is almost stable; northern countries show a rising inequality trend led by Sweden and Finland but starting from very low levels; market economies like the UK have limited welfare and high inequality; [...] eastern countries, which before 1989 had levels close to Scandinavia, have now gone in a different direction.

Italy belongs to the Mediterranean countries group, where inequality is rising fast. Italian marginal income ratios rose from 0.27 in the late 1970s to the current level of 0.34. What is worse, wealth is concentrated elder demographic layers and social mobility is falling. According to the authors, the casualisation of the labour market has offset the positive effects of a wider access to high education and –

Receive the best of European journalism straight to your inbox every Thursday

young workers are more educated but have fewer guarantees, and thus unable to pile up wealth that in turn can lead to property and capital related income.

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic