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Economic literature suggests adopting the equivalence scale in order to calculate the private monetary cost of a child. This estimation is based upon controversia1 assumptions about exogeneity of fertility choice, identica1 preferences and possibility of welfare comparisons. In this paper we...
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This paper focuses on microcredit, a financial tool adopted in many countries to fight financial exclusion and poverty. By employing microcredit strategies, small loans are granted to low income households who would ‘naturally’ be excluded from the formal financial system. Thus, microcredit...
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This paper determines the standard of living reductions that young, middle aged, and older households would experience were the U.S. government to cut Social Security benefits (but not taxes) to deal with its well documented (see Gokhale and Smetters, 2005) long-term fiscal crisis. To determine...
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<em>I conti pubblici nel decennio 1998-2007: fattori temporanei, tendenze di medio periodo, misure discrezionali</em> - The paper examines the development of Italy’s public finances after the consolidation period 1992-97, which secured participation in the European Monetary Union from the outset. The...
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