Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159726
Authors: 
Giannetti, Caterina
Madia, Marianna
Moretti, Luigi
Year of Publication: 
2013
Series/Report no.: 
Quaderni - Working Paper DSE 887
Abstract: 
This paper investigates the effects of different job categories on households' likelihood of experiencing financial distress. Given imperfect financial markets and the absence of unemployment subsidies, households with less secure jobs are likely to experience drops in income more frequently than households with well-protected jobs. Households' abilities to deal with financial decisions (i.e. financial literacy) can mitigate these problems. Our results suggest that greater job insecurity increases the probability of being in financial distress similarly than other working statuses (e.g. unemployment), and in some cases even more (i.e. part-time workers). However, a high level of financial literacy can counterbalance this effect, especially for atypical workers.
JEL: 
C23
C25
D14
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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