The dimension of over-indebtedness in Italy and the characteristics of the over-indebted households
Capitolo
Data di Pubblicazione:
2016
Citazione:
The dimension of over-indebtedness in Italy and the characteristics of the over-indebted households / L. Anderloni, D. Vandone (EUROPEAN AND INTERNATIONAL INSOLVENCY LAW STUDIES). - In: Comparative perspectives of consumer over-indebtedness : a view from the Uk, Germany, Greece, and Italy / [a cura di] F. Ferretti. - Prima edizione. - [s.l] : Eleven International Publishing, 2016. - ISBN 9789462366732. - pp. 291-313
Abstract:
Our chapter provides an overview of over-indebtedness in Italy from an economic perspective. In Section 2 we focus on the definition and measurement of over-indebtedness and we highlight the need to account for different variables in order to capture the multidimensional nature of the phenomenon. In Section 3 we depict the overall economic and financial situation of Italian households as it is reported by the Bank of Italy and the Italian Statistic Institute. In Section 4 we provide a literature review of empirical papers focusing on nature and causes of over-indebtedness. In Section 5 we present our analysis based on a sample of 1,933 Italian households and aimed at identifying the characteristics of households over-indebted or at risk of over-indebtedness. Specifically, in Section 5.1 we describe the sample, in Section 5.2 we build a Financial Vulnerability Index that adds different profiles of financial distress, in Section 5.3 we use a linear regression model to analyse explanatory variables of financial vulnerability, in Section 5.4 we use a Principal Component Analysis to group households according to their financial vulnerability characteristics.
Tipologia IRIS:
03 - Contributo in volume
Keywords:
Households; over-indebtedness; financial fragility; Italy
Elenco autori:
L. Anderloni, D. Vandone
Link alla scheda completa:
Titolo del libro:
Comparative perspectives of consumer over-indebtedness : a view from the Uk, Germany, Greece, and Italy