No. 788 - Inside household debt: disentangling mortgages and consumer credit, and household and bank factors. Evidence from Italy

Questioni di Economia e Finanza (Occasional papers)
by Massimiliano Affinito, Raffaele Santioni and Luca Tomassetti
July 2023
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This paper analyses the demand and supply factors relating to the evolution of loans to Italian households for home purchase or consumption purposes between 2008 and 2021.

The analysis shows that the growth rate of mortgage credit is positively related to bank capitalization and household income inequality at provincial level. Conversely, consumer credit is positively related to the share of fees in banks’ profitability and negatively correlated with operating costs; it also has a negative correlation with household disposable income.

Published in 2025 in: Italian Economic Journal / Rivista italiana degli econo-misti, v. 11, 2, pp. 773-814

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  1. 25 July 2023
    No. 788 - Inside household debt: disentangling mortgages and consumer credit, and household and bank factors. Evidence from Italy
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