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http://hdl.handle.net/10419/25531
  

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dc.contributor.authorJappelli, Tullioen_US
dc.contributor.authorPadula, Marioen_US
dc.date.accessioned2008-03-12en_US
dc.date.accessioned2009-07-24T13:48:32Z-
dc.date.available2009-07-24T13:48:32Z-
dc.date.issued2007en_US
dc.identifier.piurn:nbn:de:hebis:30-51016-
dc.identifier.urihttp://hdl.handle.net/10419/25531-
dc.description.abstractWe review savings trends in Italy, summarizing available empirical evidence on Italians’ motives to save, relying on macroeconomic indicators as well as on data drawn from the Bank of Italy’s Survey of Household Income and Wealth from 1984 to 2004. The macroeconomic data indicate that households’ saving has dropped significantly, although Italy continues to rank above most other countries in terms of saving. We then examine with microeconomic data four indicators of household financial conditions: the propensity to save, the proportion of households with negative savings, the proportion of households with debt, and the proportion of households that lack access to formal credit markets. By international comparison, the level of debt of Italian households and default risk are relatively low. But in light of the deep changes undergone by the Italian pension system, the fall in saving is a concern, particularly for individuals who entered the labor market after the 1995 reform and who have experienced the largest decline in pension wealth.en_US
dc.language.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2007/30en_US
dc.subject.jelD91en_US
dc.subject.ddc330en_US
dc.subject.keywordSavingen_US
dc.subject.keywordHousehold Debten_US
dc.subject.stwSparenen_US
dc.subject.stwPrivate Verschuldungen_US
dc.subject.stwItalienen_US
dc.titleHouseholds' saving and debt in Italyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn55975311Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cfswop:200730-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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