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Intergenerational Transfers, Borrowing Constraints and the Timing of Home Ownership.

Guiso, L.; Jappelli, T. - Banca d'Italia - 1996

The 1991 Italian Survey of Household Income and Wealth contains detailed retrospective information on major bequests … and gifts received by each member of the household. This information is used to estimate the share of intergenerational …

Persistent link: https://www.econbiz.de/10005671389

Maximisation and the Act of Choice.

Sen, A. - Banca d'Italia - 1996

The act of choosing can influence maximizing behaviour for at least two distinct reasons: 1) process significance and 2) decisional inescapability. The constructive programme of the paper is combined with critical appraisal of the implications of these concerns for rational decisions about...

Persistent link: https://www.econbiz.de/10005780681

Does gender matter for public spending? Empirical evidence from Italian municipalities

Rigon, Massimiliano; Tanzi, Giulia Martina - Banca d'Italia - 2012

Municipal Councils. Despite the existence of gender-specific preferences in society, we find no clear evidence that the amount … of resources distributed among different spending categories is significantly affected by politiciansï¿½ gender. The … Italian law that reserved a gender quota in party lists for municipal elections, thus causing an exogenous increase in the …

Persistent link: https://www.econbiz.de/10011099698

The rise of risk-based pricing of mortgage interest rates in Italy

Magri, Silvia; Pico, Raffaella - Banca d'Italia - 2010

probability of household mortgage delinquency estimated using the EU-Silc database. For reasons of data availability we restrict …

Persistent link: https://www.econbiz.de/10008692066

The Legacy of History for Economic Development: The Case of Putnam's Social Capital

Blasio, Guido de; Nuzzo, Giorgio - Banca d'Italia - 2006

Putnam (1993) argues that (i) center-northern Italy has developed faster than southern Italy because the former was better endowed with social capital; and (ii) that the endowments of social capital across Italian territories have been highly persistent over centuries. This paper provides an...

Persistent link: https://www.econbiz.de/10005770783

Home affordability in Italy

D'Alessio, Giovanni; Gambacorta, Romina - Banca d'Italia - 2007

, considering both the rent and the property markets. In particular, it looks at the trends in house prices, rents, household income …

Persistent link: https://www.econbiz.de/10005609411

My parents taught me. Evidence on the family transmission of values

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2014

The paper uses questions included in the 2010 wave of the Bank of Italyï¿½s Survey on Household Income and Wealth to …

Persistent link: https://www.econbiz.de/10011099666

Crisis and Italian households: a microeconomic analysis of mortgage contracts

Felici, Roberto; Manzoli, Elisabetta; Pico, Raffaella - Banca d'Italia - 2012

effect on these types of household. Interest rate increases for different groups of household have been fairly similar …

Persistent link: https://www.econbiz.de/10011100356

A public guarantee of a minimum return to defined contribution pension scheme members

Grande, Giuseppe; Visco, Ignazio - Banca d'Italia - 2010

The recent financial crisis has clearly demonstrated the exposure of defined contribution (DC) pension scheme members to extreme financial market risks. This paper argues that the government might offer DC plan members a minimum return guarantee, funded by risk based premia. Option pricing...

Persistent link: https://www.econbiz.de/10008560236

Risk Aversion, Wealth and Background Risk

Guiso, Luigi; Paiella, Monica - Banca d'Italia - 2003

We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a …

Persistent link: https://www.econbiz.de/10005113588