selection we estimate the impact of income shocks on the probability of recording a delinquency. We find that since 2008 the …

and stricter supply conditions. The reduction regarded mortgages and involved low-income households and the self …-employed. Recourse to consumer credit remained stable; it increased for low-income households. Household debt sustainability, measured by … debt as a proportion of income and assets, did not worsen; debt service for mortgages as a ratio of income decreased for …

mortgage loans did not change; however, it fell among low-income households and increased among those in the third quartile of … income. The demand for loans decreased sharply except among young households. The reduction in indebtedness was due to the … of debt to income, began to worsen in 2010; for mortgage credit the decline has involved households headed by self …

, assets and income distribution, participation in real and financial assets and indebtedness levels. The results for Italy … reveal a mean household gross income below the euro-area average. The concentration of income in Italy is roughly positioned …

for the different socio-demographic classes (income quartiles, citizenship, age of the head, etc.), owing to both demand …

Survey on Household Income and Wealth (1991-2010). The crisis has intensified the trends already under way, as confirmed by … the further decline in the saving rate and the deterioration in the financial situation of low-income households, young … people and tenants. Overall inequality in wealth distribution has increased. Poverty indicators based on income and wealth …

literature. In particular, the paper uses data from the Italian Survey of Household Income and Wealth to extend the existing …