Principali Risultati dell’Household Finance and Consumption Survey: l’Italia Nel Confronto Internazionale (Main Results of the Household Finance and Consumption Survey: Italy in the International Context)

32 Pages Posted: 6 May 2013

See all articles by Romina Gambacorta

Romina Gambacorta

Bank of Italy

Giuseppe Ilardi

Bank of Italy

Andrea Locatelli

Bank of Italy - Research Department

Raffaella Pico

Bank of Italy

Cristiana Rampazzi

Bank of Italy

Date Written: April 23, 2013

Abstract

The paper presents the main results of the Eurosystem’s Household Finance and Consumption Survey (HFCS) with an emphasis on the data for Italy in the international context. The paper examines households’ socio-demographic characteristics, assets and income distribution, participation in real and financial assets and indebtedness levels. The results for Italy reveal a mean household gross income below the euro-area average. The concentration of income in Italy is roughly positioned at a median position, while the index of relative poverty is comparatively high. Among the main countries of the euro area, Italy shows the same average level of net worth per capita of Spain and slightly higher levels than those of France and Germany, in line with the high savings rates that characterized Italian households over the last few decades, although this trend has decreased in recent years. Finally, Italy shows the lowest percentage of indebted households.

Note: Downloadable document is in Italian.

Keywords: household wealth, poverty, indebtedness, micro-data

JEL Classification: D12, D31

Suggested Citation

Gambacorta, Romina and Ilardi, Giuseppe and Locatelli, Andrea and Pico, Raffaella and Rampazzi, Cristiana, Principali Risultati dell’Household Finance and Consumption Survey: l’Italia Nel Confronto Internazionale (Main Results of the Household Finance and Consumption Survey: Italy in the International Context) (April 23, 2013). Bank of Italy Occasional Paper No. 161. Available at SSRN: https://ssrn.com/abstract=2261195 or http://dx.doi.org/10.2139/ssrn.2261195

Romina Gambacorta (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Giuseppe Ilardi

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Andrea Locatelli

Bank of Italy - Research Department ( email )

Via Nazionale 91
00184 Roma
Italy

Raffaella Pico

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Cristiana Rampazzi

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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