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A micro simulation model of demographic development and households' economic behavior in Italy

Ando, Albert; Nicoletti-Altimari, Sergio - Banca d'Italia - 2004

The relationship between the demographic structure and the saving rate of a society is the reflection of the … of the processes generating income, social security wealth, retirement and consumption behaviour of households, and … evolution of aggregate income, saving and asset accumulation over the period 1994-2100. If fertility and mortality assumptions …

Persistent link: https://www.econbiz.de/10005113518

Italian households' debt: determinants of demand and supply

Magri, Silvia - Banca d'Italia - 2002

This paper analyzes the determinants of Italian householdsï¿½ participation in the debt market, considering both demand and supply effects and using the Bank of Italyï¿½s Survey of Household Income and Wealth. The probability of debt is positively influenced by age (until 35 years), which...

Persistent link: https://www.econbiz.de/10005113535

Which households use consumer credit in Europe?

Magri, Silvia; Pico, Raffaella; Rampazzi, Cristiana - Banca d'Italia - 2011

young and well educated; they are large in size, revealing more pronounced consumption needs. According to life cycle theory …, they use credit to increase their welfare by consumption smoothing. Moreover, they frequently have a current medium …

Persistent link: https://www.econbiz.de/10009193020

Consumer credit during the crisis: evidence from contracts

Cristaudo, Pierpaolo; Magri, Silvia; Pico, Raffaella; … - Banca d'Italia - 2014

respectively). The analysis shows how the sharp reduction in durable consumption has been associated with a decrease in demand for …

Persistent link: https://www.econbiz.de/10011100348

The household credit market after five years of crisis: evidence from the survey on income and wealth

Magri, Silvia; Pico, Raffaella - Banca d'Italia - 2014

Half a decade of crisis has had a substantial impact on the market for credit to Italian households. From 2008 through 2012 the share of indebted households decreased by 4 percentage points, to 23 per cent; among young households it fell by 12 points. The decline involved consumer credit and...

Persistent link: https://www.econbiz.de/10011100365

Household over-indebtedness: definition and measurement with Italian data

D'Alessio, Giovanni; Iezzi, Stefano - Banca d'Italia - 2013

The last decade has seen significant increases in consumer indebtedness in western countries, causing concern about its economic and social impact. In particular, over-indebtedness is attracting attention from national and international authorities because of its potential effect on both the...

Persistent link: https://www.econbiz.de/10011105123

Do capital gains affect consumption? Estimates of wealth effects from Italian householdsï¿½ behavior

Guiso, Luigi; Paiella, Monica; Visco, Ignazio - Banca d'Italia - 2005

in housing values affect consumption. We find that consumer expenditures do react to capital gains, with a marginal … consumers: while homeowners increase consumption when house prices increase, with a marginal propensity of about 0.035, the …

Persistent link: https://www.econbiz.de/10005113619

Leaving home and housing prices. The experience of Italian youth emancipation

Modena, Francesca; Rondinelli, Concetta - Banca d'Italia - 2011

This paper provides an explanation for the postponement of youth emancipation in the Italian context mainly characterized by a sharp increase in both house and rent prices together with stagnant disposable income over the past decade. We first assemble a unique database related to the housing...

Persistent link: https://www.econbiz.de/10009320173

Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998.

Tomat, Gian Maria - Banca d'Italia - 2002

The paper analyzes the problems of measurement of durable consumer prices posed by quality change. Theoretical price indexes are defined and used to analyze several empirical methods of estimation of quality adjusted price indexes. The paper shows that hedonic regressions and other quality...

Persistent link: https://www.econbiz.de/10005770752

Endogenous Growth with Intertemporally Dependent Preferences

Ferraguto, Giuseppe; Pagano, Patrizio - Banca d'Italia - 2000

This paper presents an endogenous growth model with intertemporally dependent preferences and "Ak" technology. We derive sufficient conditions for a balanced growth path to be an equilibrium, provide a full characterization of the equilibrium dynamics of the economy, and explore the implications...

Persistent link: https://www.econbiz.de/10005609353