.5 times disposable income, while housing wealth is 4.6 times, and financial wealth is 3.8 times disposable income. Therefore … total gross wealth is around 9.3 times disposable income. Given that household liabilities make up 80 per cent of disposable … income, total net wealth is 8.5 times income. In France and Spain household non-financial wealth also exceeds that of …

outweighs the negative values reported in the public sector. The ratio of net wealth to income is high in Italy compared with …

entirely attributable to the reduction of consumption within the age groups, determined by the negative income dynamics …

reference to a “negative saving” of necessities, i.e. a level of income lower than that required to ensure an adequate … south when considering income and savings. …

We investigate the occurrence of risk sharing among Italian regions with respect to both long run and short run income …