• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing:  ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2020 Vol.11(1): 1-6 ISSN: 2010-023X
DOI: 10.18178/ijtef.2020.11.1.657

Could Financial Literacy Become a Key Variable to Examine Social and Economic Inequalities? A Study on Italian Regions

Gian Paolo Stella, Umberto Filotto, and Enrico Maria Cervellati
Abstract—Italy is characterized by deep regional inequalities. Macroeconomic variables like Gross Domestic Product (GDP), GDP per capita and social exclusion rate, allow to compare Italian regions, but nowadays it is even more important to dig in the consequence of these inequalities, and to get insights that may help explaining financial fragility. The inability to take proper financial decisions has negative effect for young adults in particular, since they are more vulnerable than adults. We try to verify if the observed inequalities in Italy are linked to different levels of financial literacy among young adults in distinct regions. We test the level of financial literacy on young adults depending on their regions of birth and compare the results with inequalities in GDP, poverty and social exclusion. We find evidence suggesting that young adults’ financial literacy is a key variable to examine these inequalities.

Index Terms—Financial Literacy, gros domestic product, regional inequality, young adults.

G. P. Stella and U. Filotto are with University of Tor Vergata, Via Columbia 2, 0133 Rome, Italy (e-mail: gian.paolo.stella@uniroma2.it, filotto@sefemeq.uniroma2.it).
E. M. Cervellati is with the Department of Management, Ca’ Foscari University of Venice, Fondamenta San Giobbe 873 Cannaregio, 30121 Venice, Italy (e-mail: enrico.cervellati@unive.it).

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Cite: Gian Paolo Stella, Umberto Filotto, and Enrico Maria Cervellati, "Could Financial Literacy Become a Key Variable to Examine Social and Economic Inequalities? A Study on Italian Regions," International Journal of Trade, Economics and Finance vol.11, no.1, pp. 1-6, 2020.

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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