Calcagno, Riccardo; Fornero, Elsa; Rossi, Mariacristina - Centre for Research on Pensions and Welfare Policies … - 2008
In this paper we study the effect on Italian households’ saving behaviour of a change in real estate wealth using the Bank of Italy’s Survey of Household Income and Wealth (SHIW) dataset. We relate annual household saving to capital gains in housing, controlling for other characteristics...