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After the crisis, from 2008 to 2010 the share of indebted households decreased both owing to a reduction in loan demand and stricter supply conditions. The reduction regarded mortgages and involved low-income households and the self-employed. Recourse to consumer credit remained stable; it...
Persistent link: https://www.econbiz.de/10011100340
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
The volume collects the essays presented at the conference "Social capital, economics and political economy" held in Rome on 27 June 2014. The first session analyzes definition and measurement issues about social capital. The second and third sessions examine its determinants and economic...
Persistent link: https://www.econbiz.de/10011277932
Social capital is a key factor affecting the functioning of financial markets (Guiso, Sapienza and Zingales, 2004). However, the estimation of the effect of social capital on credit markets is notoriously difficult. In this paper we exploit the recent Lehman Brothers crisis and a rich dataset to...
Persistent link: https://www.econbiz.de/10011265441
This paper considers the role of preferences in explaining trust. By using the Bank of Italy�s Survey on Household …-reported trust. They both predict negatively a measure of generalized trust; however, risk aversion is positively correlated with an … preferences when analysing the role of trust in explaining socio-economic outcomes might pose serious challenges in terms of …
Persistent link: https://www.econbiz.de/10011105132
The relationship between inequality and trust has attracted the interest of many scholars who have found a negative … relationship between the two variables. However, the causal link from inequality to trust is far from being identified and the … findings, income inequality significantly and negatively affects generalised trust. However, this result only holds for …
Persistent link: https://www.econbiz.de/10011105137
terms of trust and trustworthiness, and average trust predicts average trustworthiness across countries. Entrepreneurial … each country, preferences for regulations depend negatively on individual trust; across countries, lower trustworthiness …
Persistent link: https://www.econbiz.de/10008459743