Italian Households Research Articles

Attitude Towards Financial Planning of Italian Households

Attitude Towards Financial Planning of Italian Households

Changes in household income during COVID-19: a longitudinal analysis.

This paper investigates how Italian household income has changed across different stages of COVID-19 after considering the effects of support measures taken by the government to lessen the detrimental economic impact of the pandemic. We use longitudinal microdata from six waves of a nationally representative household survey conducted by the Bank of Italy at various points in time during 2020 and most of 2021. Panel data results show an improvement or at least no deterioration in the household’s financial situation following the initial negative shock of COVID-19 in early 2020. Additionally, while our estimates suggest that the economic crisis instigated by COVID-19 has not had any differential effect by household area of residence and household size, the level of education of the household head seems to matter. Specifically, households headed by individuals with higher education are less likely to have been financially harmed by the pandemic than those headed by individuals with a lower level of education.

Fear of COVID-19 contagion and consumption: Evidence from a survey of Italian households.

Using a new survey of Italian households, we study the effect of fear of COVID‐19 contagion and income risk on consumption. The survey elicits individual‐level indicators of fear of contagion, distinguishing between worries while working, shopping, traveling, eating out and meeting relatives or friends. We find that the probabilities of consumption drops and increased saving after the pandemics are positively associated to fear of contagion, particularly while shopping. Income uncertainty also contributes to savings increase and consumption drop. Our findings suggest that fear of contagion and income risk limits the effectiveness of policies aimed at stimulating consumption during the pandemic.

A climate stress test on the financial vulnerability of Italian households and firms

This study presents a novel methodological framework for assessing the exposure of the Italian financial system to climate policy risks, using a micro-founded approach. By combining survey and administrative data with energy accounts and energy prices, we estimate the energy demand elasticity of Italian households and firms at the micro-level and we use this information to simulate the effects of four one-off carbon taxes (corresponding to €50, €100, €200 and €800 per ton of CO2) on their income and profits. To compute if (and how) carbon taxes might affect the share of financially vulnerable agents and the debt at risk, these estimates are employed as an input for the microsimulation models used to monitor financial stability at the Bank of Italy. According to our results, a level of carbon taxation within the range of €50−200 per ton does not have a sizeable effect on the share of financially vulnerable agents. The micro approach allows us to take into account the heterogeneous transmission channels of climate risks and indicates that the financial risks stemming from climate shocks are limited overall and specific to individual households and industries.

Variety seeking behavior in the wine domain: A consumers segmentation using big data

This study investigates variety seeking behavior in the wine domain. Since variety seeking depends on brand strategies and consumers’ preferences for different types of vines and denominations, a bi-dimensional perspective is adopted. Two new variety seeking measures are defined, namely the Wine Index of Diversity and Brand Index of Diversity. A finite mixture regression model is implemented to identify and characterize groups of households sharing similar variety seeking behavior in a statistically representative sample of 8,313 Italian households. Four groups are identified based on consumer characteristics and their purchasing behavior. The largest group is “switchers,” which includes consumers showing a relatively higher wine diversity than brand diversity. Estimates reveal the “habitual” group, that lives in the southern Italy and consumes wine less frequently than all other groups. The “loyal” group includes the youngest consumers with an above average income, who reside in the northern regions. Finally, the “variety seekers” are older, have the highest incomes, and live in the central regions. This grouping provides insights into the effects of brand and wine typology on consumers’ choices.

Intergenerational transmission of dietary habits among Italian children and adolescents

The aim of this paper is to investigate the relationship between parental dietary habits and child and adolescent diet quality in Italy by adopting a parent-child perspective. We apply quantile regression modelling to an original database developed within the DEDIPAC knowledge hub, integrating multiple sources of information on the aspects of Italian households’ daily lives, food consumption frequency, and calorie intake. Given the relevance of maternal care in shaping children’s eating patterns, we focus on mothers’ lifestyles and time-use. Results show that the intergenerational transmission of diet quality is a gendered process, especially involving mothers and their daughters. Our findings also highlight the pivotal role schools play in the fight against child malnutrition and indicate that, contrary to what is found in the international research literature, maternal employment is not correlated with a deterioration in their children’s diet quality.

Flat Tax: European Experiences and the Italian Proposals

The paper discusses the flat tax, intended as a potential comprehensive reform of personal income tax. After a presentation of the broad characteristics of the flat tax model, we extensively describe the ap¬plications of this model that have taken place so far in some countries and its impact on financial and economic indicators. The last part of the paper focuses on the Italian case, assessing the possible dis¬tributional effects of the application on Italian households’ incomes of some recently presented flat tax reform proposals.

(Un)folding places with care: Migrant caregivers ‘dwelling‐in‐folds’

AbstractThis paper is based on longitudinal ethnographic work among Bulgarian migrant women who work as live‐in caregivers and domestic workers in Italian households and explores the analytical potential of place and place making for transmigration literature by conceptualizing the co‐production of place with subjectivities. Such approach sensitizes to mundane practices of care and belonging, which actively create migratory lives of meaning. Drawing on Deleuze's concept of the fold as subjectivity and Clifford's notion of dwelling‐in‐travelling, I propose the term ‘dwelling‐in‐folds’ – and its mechanism ‘folding place’ – in order to make sense of temporary migrants’ experience of place(s) that foregrounds their ability to connect and reconcile fractures and discontinuities, particularly when doing transnational motherhood. In doing so, the paper folds place empirically – showing how ‘dwelling‐in‐folds’ is achieved and unfolds place analytically – demonstrating the potential of this concept for sociology and transmigration studies.

Accounting and work relationships in an eighteenth-century Italian household

In elaborating on accounting and work, this study focuses on the distinctive arena of the household to uncover details regarding how relationships with paid subordinates were managed in the eighteenth century. To delve more deeply into the topic, this article focuses on the case of Silvia Rabatta, a widow in a noble family living in Friuli (Italy). Drawing on primary archival sources, this study shows that Silvia managed work relationships with her subordinates like business relationships, instrumental in nature and based on contractual agreements. However, her emotional attachment and attention to the subordinates’ wellbeing were also evident in the accounting books and correspondence of this Friulian noblewoman.

What do Italian households know about the ECB’s target?

This paper uses the Special Survey of Italian Households conducted by the Bank of Italy to provide novel insights into Italian consumers’ awareness of the ECB’s price stability objective and its numerical inflation aim. We show that most households believe that the ECB is primarily oriented towards an ‘economic growth’ target, rather than a ‘price stability’ one. Moreover, when asked about the inflation rate that best represents the ECB’s target, the distribution of their responses is widespread, with no particular concentration around values close to 2%. These results suggest that there is ample room for the Eurosystem to improve its efforts to inform the public about its objectives and tools.

More choice for men? Marriage patterns after World War II in Italy

AbstractWe investigate how changes in the sex ratio induced by World War II affected the bargaining patterns of Italian men in the marriage market. Marriage data from the first wave of the Italian Household Longitudinal Survey (1997) are matched with newly digitized information on war casualties coming from the Italian National Bureau of Statistics. We find that men in post-war marriages were better off in terms of their spouse's education, this gain amounting to about half a year of schooling. By considering heterogeneity across provinces, we find that the effects were more pronounced in rural provinces, mountainous provinces, and provinces with a higher share of population employed in agriculture. This result suggests that in these provinces the war caused a more fundamental change in marriage patterns compared to urban, lower-lying, and less agricultural provinces where marriage markets might have been more flexible to begin with.

Changes in Italy's education‐related digital divide

AbstractThis article examines differences in home computer and internet access among Italian households between 2005 and 2016. The results indicate that while computer and internet penetration has increased across all educational levels and geographical areas, digital inequalities related to education still persist and are substantial, especially in the South. Additionally, the findings suggest that the digital gap at the bottom of the education distribution is widening over time. Access among households whose reference person has primary education or less lags behind that of households with lower secondary education. Policy measures to promote and support the adoption of digital technologies among the most educationally disadvantaged households may need to be strengthened.

Building Simultaneity in Fascist Italy

The politics of modernist furniture design and architectural interiors in Italian films of the 1930s are addressed in Building Simultaneity in Fascist Italy: Film, Furniture, and the Reframing of the Nation. By examining set designs as well as writings by architects, critics, and film theorists (including Edoardo Persico, Carlo Enrico Rava, and Rudolf Arnheim), Ignacio G. Galán analyzes how the modernization and stylization of interiors featured in film aligned the project of modernism with that of Fascism. This article reassesses the relationship between architecture and politics in Italy, exploring how the broadcasting ofmodernist furniture and interiors throughout the national territory contributed to the Fascist program of regenerating Italian society and helped to shape connections among Italian households. Galán describes these connections as “simultaneities,” drawing on film theory as well as on theories of nationalism. Such connections were critical to the development of Fascism in Italy, helping to shape the community of the nation and helping Italians to negotiate its violent inclusions and exclusions.

Analysing Energy-Saving Behaviours in Italian Households

In the European context of moving to a low-carbon economy, knowledge regarding household decisions surrounding residential heating systems is crucial for policymakers in order to design effective policies both to reduce non-renewable energy consumption and to enhance energy efficiency in the residential sector. The choices made by households concerning decisions on how to heat their homes can significantly influence the related environmental impacts. This research examines two aspects of decision making with respect to heating system upgrades in Italian households using, for the first time, data from the 2013 Italian Households Energy Consumption survey: the choice of using renewable energies for space heating and decision to invest in energy efficient retrofits. Our findings show that household socio-economic characteristics and contextual factors are critical for good decision-making regarding heating system. We also find that previous cash retrofit investments and dwelling characteristics are important determining factors both for the choice of heating system based on renewable sources and for the subsequent decision regarding the adoption of energy efficient retrofit measures.

Social exclusion and financial distress: evidence from Italy and Spain

This paper analyzes the phenomenon of severe material deprivation (SMD) in relation to socio-economic characteristics of Italian and Spanish households. Italy and Spain have registered very different shares of severe material deprivation (households that cannot afford a minimum acceptable way of life, which is a social exclusion problem) since the 2008–2009 economic crisis, despite having similar experiences of poverty as measured in monetary terms. The analysis divides SMD into low-severe (basic or secondary or financial deprivations), medium-severe (when household suffer of two categories of deprivation) and acute-severe (when households suffer from all deprivations) and finds many interesting features associated with these categories. For example, temporary work does not shield a household from acute SMD, especially in the south of both countries, and maximum work intensity does not protect against financial distress in Italy and the Spanish South. These findings should stimulate policymakers, as local policies are needed to alleviate social exclusion.

Disability and work intensity in Italian households

The 2030 Agenda of the United Nations clearly sets the inclusion of persons with disabilities in the labour market as a main goal. However, especially in care welfare systems characterized by a low level of social services, disability not only impacts the labour market participation of disabled people themselves but may also affect the labour opportunities of other members of their household. Using EU-SILC data to compute individual work intensity-as a better measure of the actual level of labour attainment-this paper aims to disentangle direct and indirect correlations between disability and labour market participation in Italian households. In confirming the negative direct correlation between disability and labour market participation, the results also show a negative indirect correlation that depends on the family relationship between the disabled person and household members.

Do consumers understand health claims on extra-virgin olive oil?

Health claims have been introduced in food labelling to support consumers’ awareness of healthy food choices and to enhance a healthy diet. Even though many countries around the world have developed legislation and guidelines to regulate the introduction of health claims on food labels, there is the evidence that many consumers do not understand the meaning of these claims. This study analyses whether Italian consumers really understand authorized health claims on extra-virgin olive oil and what are the drivers of such understanding. An Olive Oil Health Claims Understanding index was constructed and embedded in a structured questionnaire, which was then administered to a representative sample of Italian household members who are responsible for food shopping (N = 1,030). Results from the survey showed that only 36% of the respondents understood the meaning of the authorized health claims on extra-virgin olive oil. Moreover, the findings confirmed that the understanding of health claims is related to socio-demographic, personal and psychographic characteristics of consumers, as well as to their attitudes toward using food as medicine. Outcomes also proved the central role of nutrition knowledge in affecting understanding of health claims.

Varieties of Private Household Debt in Europe: Incompatibility of Culturally Diverse Lending Regimes Between Germany and Italy?

This article examines the varying development of private household debt across European countries, using a mixed methods design. Quantitative analysis demonstrates that trade deficits, public debt and unemployment spending influence the volume of private debt. While this suggests a high problem load for Italian households, a comparative case study on Germany and Italy reveals that more German than Italian households end up in critical debt. This is explained by the two countries’ different cultures of lending. Italian households borrow more heavily from family and friends than German ones. Moreover, the competitive dynamic of the German growth model creates incentives for low-income groups to borrow; to the extent this dynamic affects both countries, this translates into demand for more risky loans in Germany and economic pressure on families in Italy, ultimately limiting the compatibility of the different lending regimes.

Community social capital and status: The social dilemma of food waste

In developed countries, the largest share of food is wasted at the household level. Household food waste results from a complex interaction between economic factors, well-established routines, and social norms. To explain this interaction, we propose a simple model of waste behavior where the individual and social economic costs generated by wasting are counterbalanced by the security and status generated through acquiring excess food, thus causing a social dilemma. This trade-off is mediated by social capital, which measures the intensity with which each individual within a community evaluates the negative effects of waste. We test this model's hypotheses using a 2016 dataset of food behaviors and opinions of Italian households, which we merge with variables known to elicit the local level of social capital. We find individual food waste levels to be negatively related with social capital. Contrastingly, status concerns with respect to food and the lack of organizational abilities are both more prevalent in low social capital areas, and are related to increased food waste. This relationship is mediated by income.

Comprehensive Measurement of Italian Domestic Food Waste in a European Framework

Food management is an inefficient activity, and households are the major contributors responsible for food waste across the food supply chain. Ten years remain to halve household food waste, as recommended by the 2030 Agenda for Sustainable Development. Up to now, Italian investigations into household food waste have been research activities with limitations in measurement and sampling. The need to establish a monitoring system led the Italian Observatory on Food Surplus, Recovery and Waste to apply a methodology that permits comparison with other European countries. In 2018, a survey involving a representative sample of 1142 Italian households was carried out. The majority of respondents (77%) reported that they had wasted 370 g of food during the last week, evidence in line with data from the Netherlands and progressively different from what was found in Germany, Hungary, and Spain. Perishable products, such as fresh fruit and vegetables, bread, and nonalcoholic drinks, were mainly wasted. The most frequently disposed foods were unused (43.2%) or partly used (30.3%). As for possible causes, household food waste was significantly associated with preventive practices and ability. This study endeavored to segment household food waste based on possible drivers and barriers to preventive action, setting the stage for future monitoring, supporting policy action, and educational intervention.