 WHICH SOCIAL CLASSES ARE MORE EXCLUDED FROM FINANCIAL SERVICES IN ITALY?Angela Coscarelli, Domenica Federico and Antonella Notte Global Journal of Business Research, 2011, vol. 5, issue 3, 19-26 Abstract: Previous researches have found that large numbers of households lack basic financial products. Specifically, the financial exclusion phenomenon has been the subject of increasing interest. The literature shows there are many families that do not have a current bank, a building society account, a home contents insurance, savings or access to consumer credit facilities. The aim of this study is to outline the financial exclusion of Italian households, highlighting which social classes are more excluded from social and financial services. Data published by the Bank of Italy concerning a survey on Italian household income and wealth in 2008 is utilized. The study uses a multi-disciplinary approach and analyzed using a multivariate statistical analysis. A multiple correspondence analysis is used to define the determinants of the financial exclusion. Next cluster analysis is used to categorize groups of individuals characterized by similar financial, economic and social analyzed variables. Keywords: Financial exclusion; Italian families characteristics; Multivariate Statistical Analysis. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ibf:gjbres:v:5:y:2011:i:3:p:19-26 Access Statistics for this article Global Journal of Business Research is currently edited by Terrance Jalbert More articles in Global Journal of Business Research from The Institute for Business and Finance Research |
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