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This paper provides an explanation for the postponement of youth emancipation in the Italian context mainly characterized by a sharp increase in both house and rent prices together with stagnant disposable income over the past decade. We first assemble a unique database related to the housing...
Persistent link: https://www.econbiz.de/10013118368
In Italy, young adults tend to postpone their transition to adulthood and live with their parents until very late …
Persistent link: https://www.econbiz.de/10012944024
true even after we control for labour and housing market conditions and for a comprehensive list of individual and family …
Persistent link: https://www.econbiz.de/10012999059
The paper uses questions included in the 2010 wave of the Bank of Italy's Survey on Household Income and Wealth to … investigate the role of family transmission of values. It presents three main empirical findings. First, the paper shows that a … environment before they are passed on further. This evidence is consistent with the idea that family transmission is a channel for …
Persistent link: https://www.econbiz.de/10013051364
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
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
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
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
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
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