Financial literacy and financial resilience: Evidence from Italy

Laura Bottazzi and Noemi Oggero

No 18363, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: In this paper, we examine financial literacy and financial resilience in Italy. We show that financial literacy is particularly low among the young, women, and the less-educated. We also highlight regional differences in financial knowledge, with individuals in Southern Italy performing worse. We find that the lack of financial literacy increases the probability of being unable to face financial shocks and leads to an over-accumulation of debt. Hence, our results support the hypothesis that financial literacy can be considered an enabling factor for financial resilience.

Date: 2023-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP18363 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:18363

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP18363

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().