https://nunziofallico.github.io/tags/family-backstop/Recent content in Family Backstop on Nunzio FallicoHugo -- 0.147.2enWed, 14 Oct 2026 00:00:00 +0000https://nunziofallico.github.io/workinprogress/backstop/Wed, 14 Oct 2026 00:00:00 +0000https://nunziofallico.github.io/workinprogress/backstop/Using survey data from 20 European countries, this paper shows that households able to raise emergency money from relatives or friends are 35 percent more likely to hold shares or equity funds. A calibrated participation-cost model shows that the effect depends far more on how reliably help arrives than on how much help is available.