Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297532 
Year of Publication: 
2020
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2300-8814 [Volume:] 14 [Issue:] 3 [Year:] 2020 [Pages:] 337-353
Publisher: 
University of Finance and Management in Warsaw, Faculty of Management and Finance, Warsaw
Abstract: 
The wealth possessed by households, identifiable as so-called net worth, varies greatly in quantity and form between different socioeconomic contexts. We describe several forms of wealth typically owned by consumer households, considering their economic and social effects. We analyze the economic role of the wealth forms that compose the households' net worth (real and financial assets minus the debt) in a panel data analysis of Italian regions, and we suggest a possible alternative use for a specific part of household net worth. In particular, the well-known financial share is already useful and exploited by the economic system, as confirmed empirically. Instead, a share of the real assets could prove useful as a source of support for the economy if some conditions are met. The results of the regional analysis illustrate the supposed lack of contribution and we suggest how the net worth not 'fully exploited' could be integrated in the economic cycle, activating a propulsive mechanism to start 'accelerated' growth processes.
Subjects: 
household wealth
economic growth
panel data analysis
JEL: 
E21
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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