This paper investigates households' financial fragility in twelve European countries and in the US by employing the first wave of the Household Finance and Consumption Survey (HFCS) and the 2010 Survey of Consumer Finances (SCF), respectively. Financial fragility is defined by taking into...

The aim of this paper is to assess the role played by the composition of the household portfolio besides standard determinants of financial fragility (e.g. income, indebtedness, age, gender, financial literacy). Our analyses provide a contribution on these issues by taking the case of Italy,...

In this paper we investigate household financial fragility and assess the role played by the composition of the household portfolio besides standard determinants of this condition (e.g. income, indebtedness, age, gender, financial literacy). We take the case of Italy, given the very peculiar...

While purchasing the primary home is mainly motivated by essential consumption needs, a second house has generally been considered a good investment. However, second homes may result in disparate final uses, including unprofitable ones. We contribute to the scant literature on second houses by...

Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with...