The Quaderni di Ricerca
This page publishes the Committee’s papers in the Quaderni drawn up from 2018 to 2021.
Quaderno di Ricerca no. 13 “Millennials and Gen-Z: financial behaviours, sustainability and technology”
Authors : Eleonora Isaia, Massimo Giorgini Year of publication : 2021 Abstract : Can ethics and return be combined? Yes, according to young Italians, who are nevertheless aware that they do not have enough basic financial knowledge to properly manage their savings and make investment decisions. This is according to the survey by the University of Turin, which contains an important policy suggestion for increasing the financial, insurance and social security knowledge of Millennials and Generation Z: to include the teaching of financial education at school.
Quaderno di Ricerca no. 12 "Financial literacy, education, and voter turnout"
Authors : Anna Lo Prete Year of publication : 2021 Abstract : The study shows that financial knowledge promotes voter turnout. The wider the dissemination of basic financial knowledge, the higher the voter turnout, according to the results of an analysis of 90 developed and developing Countries from 1990 to 2014.
Quaderni di Ricerca no. 11 “The financial literacy of Italians: the results of the 2020 Bank of Italy survey”
Authors : Giovanni D’Alessio, Riccardo De Bonis, Andrea Neri e Cristiana Rampazzi Year of publication : 2020 Publisher : Bank of Italy Abstract : The survey analyses the level of financial literacy of Italian adults detected in 2020 and confirms Italy’s position of lagging behind when compared internationally. Compared to the previous survey in 2017, the new data show a slight improvement in financial knowledge and substantial stability in behaviour and attitudes.
Quaderno di Ricerca no. 10 "Report on financial investments of Italian households"
Authors : Nadia Linciano (coordinatore), Valeria Caivano, Daniela Costa, Monica Gentile, Paola Soccorso Year of publication : 2020 Publisher : Consob Abstract : The Report presents evidence on the investment choices of Italian households with the aim of obtaining information on how they manage investment decisions and the main risks they may be subject to.
Quaderno di Ricerca no. 9 "Stereotypes in financial literacy: evidence from Pisa"
Authors : Laura Bottazzi e Annamaria Lusardi Year of publication : 2020 Publisher : NATIONAL BUREAU OF ECONOMIC RESEARCH Abstract : The study shows that the social and cultural environment and historical context play a crucial role in explaining gender differences in girls’ and boys’ financial literacy, emphasising the importance of the family, especially the role of mothers, in girls’ education.
Quaderno di Ricerca no. 8 “Assessing gender gaps in financial knowledge and overconfidence: Evidence from OECD countries”
Authors : David Aristei, Manuela Gallo Year of publication : 2020 Abstract : The study addresses the relationship between overconfidence and gender gaps in financial knowledge. And it highlights how the gender difference may be due to cultural and social factors related to women’s participation in financial decision-making.
Research Paper no. 7 “COVID-19 emergency: Italians between fragility and financial resilience”
Authors : A. Lusardi (coordinatore), A. Caretta, D. Costa, P. Colombo, F. Di Leo, A. De Marchi, C. Rampazzi, A. Romagnoli, P. Soccorso Year of publication : 2020 Publisher : Committee on the Planning and Coordination of Financial Education Activities Abstract : The study, conducted between May and June 2020, investigates the economic effects of the COVID-19 emergency on Italian households, the financial condition of households before and after the start of the pandemic and their financial resilience. It also relates these aspects to the level of financial literacy of individuals.
Research Paper no. 6 “The capacity of Italian households to absorb the pandemic shock: the role of financial literacy”
Authors : Daniele A. Previati, Ornella Ricci, Francesco Saverio Stentella Lopes Year of publication : 2020 Publisher : Department of Economics, University of Rome Tre Abstract : The study explores the link between fragility and financial literacy, trying to verify whether a better wealth of knowledge can, with other socio-demographic characteristics of the individual being equal, make unpreparedness for the COVID-19 emergency less likely.
Quaderno di Ricerca no. 5 "Financial education affects financial knowledge and downstream behaviours"
Authors : Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff, Carly Urban Year of publication : 2020 Publisher : Global Financial Literacy Excellence Center Abstract : The study, carried out on a sample of 160 thousand people, demonstrates how financial education programmes have positive effects on financial knowledge and on the financial behaviours of individuals.
Quaderno di Ricerca no. 4 "Report on financial investments of Italian households Behavioural attitudes and approaches"
Authors : Nadia Linciano (coordinator), Daniela Costa, Monica Gentile, Paola Soccorso Year of publication : 2019 Publisher : Consob Abstract : The report analyses the investment choices of Italian households, with the aim of further understanding their decisions and the main risks that the can assume.
Quaderni di Ricerca no. 3 “Financial education in Italy: where are we now?”
Authors : Angelo Baglioni (coordinatore), Doriana Cucinelli, Giuseppe D’Agostino, Patrizia De Socio, Alvaro Fuk, Annamaria Lusardi, Pasquale Munafò, Giovanna Paladino, Emanuela Rinaldi Year of publication : 2019 Publisher : Associazione per Sviluppo degli Studi di Banca e Borsa- Università Cattolica del Sacro Cuore Abstract : The document illustrates the state-of-the-art of financial education in Italy, analysing critical issues, strengths and initiatives on the matter.
Quaderni di Ricerca no. 2 “Main findings of the Census of financial, insurance and social security education initiatives carried out in Italy in the three-year period 2015‑2017”
Authors : C. Rampazzi (Banca d’Italia), A. Romagnoli (Banca d’Italia), A. Staderini (Banca d’Italia) Year of publication : 2019 Publisher : Committee on the Planning and Coordination of Financial Education Activities Abstract : The document provides the main findings of the Census, promoted in 2018 by the Committee on the Planning and Coordination of Financial Education Activities, on the initiatives of financial, insurance and social security education initiatives carried out in the three-year period 2015-2017.