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Factors Driving the Credit Card Ownership in Italy

Author

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  • Alessandra Amendola
  • Alfonso Pellecchia
  • Luca Sensini

Abstract

The aim of this paper is to explore the main determinants of credit card ownership by analyzing the variables that may affect the decision to hold a credit card. Using the 2012 Survey on Household Income and Wealth provided by the Bank of Italy as main source, we estimated count data models in order to identify the socio-economic, demographic and territorial variables affecting the credit card accounts held by households. Our estimates give evidence of the significance of the considered factors. In particular, we find that geographical location is an important determinant of families behavior in line with the socio-economic gap between the North and the South of Italy. Other relevant variables acting on the number of credit cards held are age, income, municipality size, gender, education and marital status. The reached results are interesting in depicting the main characteristics of cardholders and in helping the implementation of a segment-specific marketing program in the banking services industry.

Suggested Citation

  • Alessandra Amendola & Alfonso Pellecchia & Luca Sensini, 2016. "Factors Driving the Credit Card Ownership in Italy," International Business Research, Canadian Center of Science and Education, vol. 9(6), pages 131-142, June.
    • Handle: RePEc:ibn:ibrjnl:v:9:y:2016:i:6:p:131-142
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    References listed on IDEAS

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    Cited by:

    1. Henriques, David, 2018. "Cards on the table: efficiency and welfare effects of the no-surcharge rule," LSE Research Online Documents on Economics 90664, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    count-data models; credit card ownership; variable selection;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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