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Economic Insecurity and Fertility Intentions : The Case of Italy
Modena, Francesca - 2013
assess how fertility intentions are affected by job instability, which may severely compromise the employment status of …
Persistent link: https://www.econbiz.de/10013072612
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(Non)Persistent Effects of Fertility on Female Labour Supply
Rondinelli, Concetta - 2011
The negative association between fertility and female labour market participation is complicated by the endogeneity of … fertility. We address this problem by using an exogenous variation in family size caused by infertility shocks, mainly related … to the fact that nature prevents some women from achieving their desired fertility levels. Despite a widely documented …
Persistent link: https://www.econbiz.de/10013127618
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Looking Behind the Financial Cycle : The Neglected Role of Demographics
Ferrari, Alessandro - 2017
Data demonstrate a correlation between demographic variables and financial cycle: an increase in the working-age population is associated with an expansion of the financial cycle, that is, credit growth and increased housing prices. To account for this stylized fact, this paper uses an OLG model...
Persistent link: https://www.econbiz.de/10012941749
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On Secular Stagnation and Low Interest Rates : Demography Matters
Ferrero, Giuseppe - 2017
Nominal and real interest rates in advanced economies have been decreasing since the mid-1980s and reached historical lows in the aftermath of the global financial crisis. Understanding why interest rates have fallen is essential for both monetary policy and financial stability. This paper...
Persistent link: https://www.econbiz.de/10012945853
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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