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The Effects of Unemployment Benefits in Italy : Evidence from an Institutional Change
Rosolia, Alfonso - 2012
of January 2001, the replacement rate was raised from 30% to 40% and benefits' duration extended from 6 to 9 months for … workers aged 50 or more. Our results show that (a) the average duration of benefits' collection increased by around one month … estimates for those exposed to a longer duration consistently indicate a 2 to 4 percentage points lower probability of re …
Persistent link: https://www.econbiz.de/10013107385
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Firm Size and Judicial Efficiency : Evidence from the Neighbour's Court
Giacomelli, Silvia - 2013
We investigate the causal relationship between judicial efficiency and firm size across Italian municipalities exploiting spatial discontinuities in court jurisdictions for identification. The estimated coefficients suggest that the reduction of the length of civil proceedings could exert, all...
Persistent link: https://www.econbiz.de/10013086409
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(In)efficient Separations, Firing Costs and Temporary Contracts
Gerali, Andrea; Guglielminetti, Elisa; Liberati, Danilo - 2021
In this paper we study the allocative (in)efficiency of employment protection in relation to firing costs, in a general equilibrium model with labor market frictions. The optimal firing costs depend on the level of unemployment benefits and the degree of centralized wage bargaining, two features...
Persistent link: https://www.econbiz.de/10013226477
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The Rise of Risk-Based Pricing of Mortgage Interest Rates in Italy
Magri, Silvia - 2011
The paper assesses the extent to which mortgage rates in Italy are priced according to credit risk as proxied by the …
Persistent link: https://www.econbiz.de/10013128110
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Modelling Italian Potential Output and the Output Gap
Bassanetti, Antonio - 2011
The aim of the paper is to estimate a reliable quarterly time-series of potential output for the Italian economy, exploiting four alternative approaches: a Bayesian unobserved component method, a univariate time-varying autoregressive model, a production function approach and a structural VAR....
Persistent link: https://www.econbiz.de/10013128341
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Does Investing Abroad Reduce Domestic Activity? Evidence From Italian Manufacturing Firms
Bronzini, Raffaello - 2011
complements. We take advantage of a unique firm-level panel data set from the Bank of Italy Survey of Industrial and Service Firms …
Persistent link: https://www.econbiz.de/10013128478
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The Effect of Age on Portfolio Choices : Evidence Form an Italian Pension Fund
Cappelletti, Giuseppe - 2011
Optimal Portfolio Theory prescribes that investors reduce their exposure to financial market risk as they get near to retirement. To assess the effect of ageing on portfolio choices, we study the case of an Italian defined contribution pension fund during the period 2002-08. We find that on...
Persistent link: https://www.econbiz.de/10013128479
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Labor Market Pooling : Evidence from Italian Industrial Districts
Di Addario, Sabrina Lucia - 2011
The paper provides an empirical investigation of the advantages accruing to workers in industrial clusters. Using a unique data set based on the Cluster Mapping Project of the Italian National Statistical Institute, we examine whether industry agglomeration leads to wage and labor mobility...
Persistent link: https://www.econbiz.de/10013131333
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Entrepreneurship and Market Size : The Case of Young College Graduates in Italy
Di Addario, Sabrina Lucia - 2011
We analyse empirically the effects of urbanization on Italian college graduates' work possibilities as entrepreneurs three years after graduation. We find that doubling the population density of the province of work reduces the chances of being an entrepreneur by 2-3 percentage points. This...
Persistent link: https://www.econbiz.de/10013131337
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With a Little Help from Abroad : The Effect of Low-Skilled Immigration on the Female Labor Supply
Barone, Guglielmo - 2010
In this paper we examine whether and how the inflow of female immigrants who “specialize” in household production affects the labor supply of Italian women. To identify the causal effect, we exploit the family reunification motive and the network effects - i.e. the tendency of newly arriving...
Persistent link: https://www.econbiz.de/10013136540