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The impact of place-based policies on interpersonal income inequality

Economica, ISSN: 1468-0335, Vol: 90, Issue: 358, Page: 508-530
2023
  • 3
    Citations
  • 0
    Usage
  • 11
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    3
    • Citation Indexes
      2
    • Policy Citations
      1
      • Policy Citation
        1
  • Captures
    11

Article Description

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.

Bibliographic Details

Giuseppe Albanese; Guido de Blasio; Guglielmo Barone

Wiley

Economics, Econometrics and Finance

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