In this paper we examine credit market participation and financial vulnerability by income, making use of a large sample of individuals aged 25-54. From 2005 to 2011 the percentage of individuals with more than �75,000 of debt increased, mainly as a result of slower debt repayment....

This paper depicts � from a variety of viewpoints � the degree of indebtedness and potential financial vulnerabilities of households across the Italian regions. Micro-data from several sources suggest that the financial situation of Italian households shows striking differences at...

The paper reviews the supply of different mortgage instruments to Italian households by means of data obtained from a survey conducted in 2007 by the Bank of Italy over more than 300 banks. The results document significant innovations in housing finance in the last five years: a greater variety...

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...

This analysis aims at studying joblessness and the effect of the economic crisis at the household rather than the individual level. With respect to the main European countries, in Italy the jobless household rate is lower because of the larger household size (the more adults present the lower...

The paper offers a critical assessment of the central proposition of the ��financial instability hypothesis��, i.e. that phases of expansion and investment growth are harbingers of increasing instability that can endogenously generate a financial crisis. As a preliminary, it...

We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers� decisions that in theory should vary with attitude towards risk. We find that...

Assembling information from several sources and a drawing on specially designed new survey, this paper finds that the shortfall in the supply of child care facilities remains large with respect to potential demand but is less severe with respect to the effective demand by households in Italy....

This paper presents the main findings of the Survey on Household Income and Wealth for the Italian region of Lombardy. To get a large enough sample, the observations on 2004, 2006, and 2008 were pooled. The work sets out the structural characteristics for Lombardy prior to the crisis, with...

Using different econometric specifications this paper analyzes the relationship between the time parents spend with their children, child-related expenditure and the results obtained by them, with particular attention to gender differences. The authors use PSID-CDS data from 1997 to 2007 and...