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Social exclusion and financial distress: evidence from Italy and Spain

Author

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  • Chiara Mussida

    (Università Cattolica del Sacro Cuore)

  • Maria Laura Parisi

    (University of Brescia)

Abstract

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.

Suggested Citation

  • Chiara Mussida & Maria Laura Parisi, 2021. "Social exclusion and financial distress: evidence from Italy and Spain," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 995-1024, October.
    • Handle: RePEc:spr:epolit:v:38:y:2021:i:3:d:10.1007_s40888-021-00228-6
    DOI: 10.1007/s40888-021-00228-6
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    References listed on IDEAS

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    Cited by:

    1. Mussida, Chiara & Parisi, Maria Laura & Pontarollo, Nicola, 2023. "Severity of material deprivation in Spanish regions and the role of the European Structural Funds," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).

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    More about this item

    Keywords

    Severe material deprivation; Households; Italy; Spain;
    All these keywords.

    JEL classification:

    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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