Capital gains and wealth distribution in Italy

  title={Capital gains and wealth distribution in Italy},
  author={Luigi Cannari and Giovanni D’Alessio and Romina Gambacorta and Claudia Biancotti and Ivan Faiella and Massimo Omiccioli and Luigi Federico Signorini},
In the last fifteen years, asset prices have undergone sizeable changes. Between 1987 and 1992, the prices of houses rose by about 80 per cent in real terms, decreasing by more than 20 per cent in the following five years, and quickly increasing again thereafter. Stock prices rose until 2000, only to fall by more than 40 per cent in the following two years and then increase yearly by about 15 per cent between 2003 and 2005. 


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