Data di Pubblicazione:
2025
Abstract:
This study documents that competent access to financial markets can smooth consumption in the face of idiosyncratic income shocks. Using household-level data on financial literacy and financial resilience in Italy during the first phase of the Covid-19 pandemic, we find that financial literacy and financial asset ownership both influenced consumption changes in theoretically sensible ways. The results are robust in specifications controlling for several socio-demographic characteristics, saving choices,
public transfers, and to different estimation methods.
Tipologia CRIS:
03A-Articolo su Rivista
Keywords:
Risk sharing · Financial literacy · Financial assets · Public subsidies ·
Covid-19
Elenco autori:
GIUSEPPE BERTOLA; ANNA LO PRETE
Link alla scheda completa:
Link al Full Text:
Pubblicato in: