 Financial wealth in Italy: evidence from Banking Supervisory ReportsFrancesco Vercelli ()
No 865, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Abstract: This study analyses some distributive features of household financial wealth in Italy from 2012 to 2023, exploiting Italian Banking Supervisory Reports. For each custodian bank and geographical area, we have information on securities accounts divided into four groups according to their outstanding amounts of financial instruments (debt securities, listed shares, and mutual fund shares). We see that portfolio composition varies across amount brackets and has changed over the period of analysis. We compute indicators of inequality based on the average amounts of financial instruments by bracket, and we find that inequality increased from 2012 to 2021 and decreased thereafter. Finally, we show that the richest class obtains larger capital gains than the other classes, which may be due to higher financial education levels and/or easier access to financial advice services. Keywords: wealth distribution; inequality; portfolio composition (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:bdi:opques:qef_865_24 Access Statistics for this paper More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC. |
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