Consumer debt and financial fragility in Italy

Barbara Cavalletti (), Corrado Lagazio (), Daniela Vandone () and Elena Lagomarsino ()

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: This paper focuses on the consumer credit market in Italy and the related risk of over-indebtedness. Using survey panel data, we investigate the role of consumer financial position on the use and increase in consumer debt over time, evaluating, in particular, whether consumer credit is used to cover gaps in income and whether this use is associated with the increased and widespread inadequacy of the financial and economic conditions of indebted households.

Keywords: household indebtedness; consumer credit; over-indebtedness; lifecycle hypothesis (search for similar items in EconPapers)
JEL-codes: C21 D12 D14 D91 G21 (search for similar items in EconPapers)
Date: 2014-10-02
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Citations: View citations in EconPapers (1)

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