Annotation This paper investigates income redistribution and risk sharing among Italys regions and the implications for public policy. Using a richer data set than in previous works, this study allows for an assessment of public consumptions and investments roles. the findings suggest that Italys fiscal system provides interregional redistribution at 3035 percent and risk sharing at 2030 percent of GDP, mainly through public consumption. Compared with results in the literature for other European countries, there appears to be less redistribution and risk sharing in Italy through its welfare and tax systems because of their different structures
Bibliography
Includes bibliographical references (pages 33-34)
Notes
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English
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