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A micro simulation model of demographic development and households' economic behavior in Italy

Ando, Albert; Nicoletti-Altimari, Sergio - Banca d'Italia - 2004

The relationship between the demographic structure and the saving rate of a society is the reflection of the … aggregation of the behaviour of heterogeneous households, differing from one another in the type of living arrangements and in the … other important characteristics of households and their members. The demographic model is then combined with a specification …

Persistent link: https://www.econbiz.de/10005113518

Personal Saving and Social Security in Italy: Fresh Evidence from a Time Series Analysis

Zollino, Francesco - Banca d'Italia - 2001

The paper provides an econometric analysis of the aggregate saving function of Italian households in the vein of the … both reductions in actual pension payments and increased uncertainty about their future claims, households stepped up … assessment of their contribution to personal purchasing power on the part of households. Demographic changes, while in the long …

Persistent link: https://www.econbiz.de/10005609382

The Legacy of History for Economic Development: The Case of Putnam's Social Capital

Blasio, Guido de; Nuzzo, Giorgio - Banca d'Italia - 2006

Putnam (1993) argues that (i) center-northern Italy has developed faster than southern Italy because the former was better endowed with social capital; and (ii) that the endowments of social capital across Italian territories have been highly persistent over centuries. This paper provides an...

Persistent link: https://www.econbiz.de/10005770783

Home affordability in Italy

D'Alessio, Giovanni; Gambacorta, Romina - Banca d'Italia - 2007

towns and cities; the rise in rents has been even more marked. This paper analyses home affordability for households …, home-related distress affects 20 per cent of Italian households. …

Persistent link: https://www.econbiz.de/10005609411

A public guarantee of a minimum return to defined contribution pension scheme members

Grande, Giuseppe; Visco, Ignazio - Banca d'Italia - 2010

The recent financial crisis has clearly demonstrated the exposure of defined contribution (DC) pension scheme members to extreme financial market risks. This paper argues that the government might offer DC plan members a minimum return guarantee, funded by risk based premia. Option pricing...

Persistent link: https://www.econbiz.de/10008560236

What determines annuity demand at retirement?

Cappelletti, Giuseppe; Guazzarotti, Giovanni; … - Banca d'Italia - 2011

In most advanced countries, future retirees will have to rely less on social security schemes and more on private pension plans, which mostly leave to the worker the choice between ashing-in or annuitizing pension wealth at retirement. Therefore, a better understanding of the determinants of the...

Persistent link: https://www.econbiz.de/10009020150

Retirement savings in the Survey on Household Income and Wealth

Cappelletti, Giuseppe; Guazzarotti, Giovanni - Banca d'Italia - 2010

This paper examines the retirement decisions of Italian households using data from the Survey on Household Income and …. These results confirm that an improvement in financial education is essential in order to promote retirement saving. The …

Persistent link: https://www.econbiz.de/10008764791

National Saving and Social Security in Italy (1954-1993).

Rossi, N.; Visco, I. - Banca d'Italia - 1996

, strengthened: slightly less than half the reduction in the private "equilibrium" saving rate observed over the last thirty years …

Persistent link: https://www.econbiz.de/10005640932

Italian households' debt: determinants of demand and supply

Magri, Silvia - Banca d'Italia - 2002

This paper analyzes the determinants of Italian householdsï¿½ participation in the debt market, considering both demand and supply effects and using the Bank of Italyï¿½s Survey of Household Income and Wealth. The probability of debt is positively influenced by age (until 35 years), which...

Persistent link: https://www.econbiz.de/10005113535

My parents taught me. Evidence on the family transmission of values

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2014

The paper uses questions included in the 2010 wave of the Bank of Italyï¿½s Survey on Household Income and Wealth to investigate the role of family transmission of values. It presents three main empirical findings. First, the paper shows that a number of attitudes (generalized and...

Persistent link: https://www.econbiz.de/10011099666