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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

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 … applied to a data set derived from survey data on the Italian household sector. Simulations of the model are used to study the … 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

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

Survey on Italian household income and wealth

Banca d'Italia - [Rome] : [Bank of Italy] - 2016-

Persistent link: https://www.econbiz.de/10013433411

Households' savings in China

Cristadoro, Riccardo; Marconi, Daniela - Banca d'Italia - 2011

This paper studies the determinants of Chinese householdsï¿½ saving. Domestic saving in China is the highest in the …. Our econometric analysis proceeds from the work of Modigliani and Cao (2004) that explained rising personal saving in …

Persistent link: https://www.econbiz.de/10009386393

Looking behind mortgage delinquencies

Mocetti, Sauro; Viviano, Eliana - Banca d'Italia - 2015

We examine the delinquency rate for mortgages originated before and after the 2008 financial crisis, using a novel and large representative panel obtained by merging data from tax records and credit registers. First, we estimate the selection into the mortgage market using an exogenous index of...

Persistent link: https://www.econbiz.de/10011171341

House price cycles in emerging economies

Ciarlone, Alessio - Banca d'Italia - 2012

In this paper, I investigate the characteristics of house price dynamics for a sample of 16 emerging economies from Asia and Central and Eastern Europe, over the period 1995-2011. Linking housing valuations to a set of conventional fundamental determinants ï¿½ relative to both the supply and...

Persistent link: https://www.econbiz.de/10011099657

Italian household debt after the 2008 crisis

Magri, Silvia; Pico, Raffaella - Banca d'Italia - 2012

-employed. Recourse to consumer credit remained stable; it increased for low-income households. Household debt sustainability, measured by …

Persistent link: https://www.econbiz.de/10011100340

Consumer credit during the crisis: evidence from contracts

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

The study analyses trends in the market for consumer credit during the crisis, relying on data by CRIF referring to demand for personal and special-purpose loans and to contracts signed between 2007 and 2013 in Italy (55 and 37 million respectively). The analysis shows how the sharp reduction in...

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