In this paper we examine credit market participation and financial vulnerability by income, making use of a large sample of individuals aged 25-54. From 2005 to 2011 the percentage of individuals with more than �75,000 of debt increased, mainly as a result of slower debt repayment....

This paper exploits the tax records to analyze the geography of income inequality in Italy. In 2011, the Gini coefficient, the most common measure of inequality, was 40 per cent at national level. In the South it was 3 percentage points higher than in the Centre-North, mainly because of a...

This paper studies how family firms reacted to the 2008 economic crisis by adjusting employment. In particular, we look at how the geographical distribution of the workforce may have led to divergencies between family and non-family firms. Using a difference-in-difference approach, we provide...