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What Determines Annuity Demand at Retirement?
Cappelletti, Giuseppe - 2011
supply-side effects. In this paper, we avoid these problems resorting to ad hoc survey data from Italy. Our results highlight …
Persistent link: https://www.econbiz.de/10013124767
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Schooling and Youth Mortality : Learning from a Mass Military Exemption
Cipollone, Piero; Rosolia, Alfonso - 2011
We examine the relationship between education and mortality in a young population of Italian males. In 1981 several … schooling or lower mortality rates, thus excluding that the main findings reflect direct effects of military service on … subsequent mortality rather than a causal effect of schooling. We conclude that increasing the proportion of high school …
Persistent link: https://www.econbiz.de/10014175618
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Debt Restructuring and the Role of Lending Technologies
Micucci, Giacinto - 2010
The literature on debt restructuring usually assumes that banks behave in a uniform way towards firms in distress. Using a recent survey of Italian banks, we show that banks follow different strategies when they decide whether to take part in the workout process, in that some of them do...
Persistent link: https://www.econbiz.de/10013136541
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Bridging the Gap Between Migrants and the Banking System
Albareto, Giorgio - 2011
banks to sole proprietorships based in Italy. We find that migrants pay, on average, almost 70 basis points more for credit … than natives. The interest rate differential is lower for entrepreneurs born in Italy whose parents were natives of other … countries (“second generation” migrants) and for migrants whose parents were natives of Italy (“Italian migrants”). These …
Persistent link: https://www.econbiz.de/10013125742
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The Causal Effect of Credit Guarantees for SMEs : Evidence from Italy
D'Ignazio, Alessio - 2013
We evaluate the effectiveness of a partial credit guarantee program implemented in a large Italian region using unique microdata from a broad set of firms. Our results show that the policy was effective to the extent that it resulted in an improved financial condition for the beneficiary firms....
Persistent link: https://www.econbiz.de/10013082527
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Social Capital and the Cost of Credit : Evidence from a Crisis
Mistrulli, Paolo Emilio - 2015
Social capital is a key factor affecting the functioning of financial markets (Guiso, Sapienza and Zingales, 2004). However, the estimation of the effect of social capital on credit markets is notoriously difficult. In this paper we exploit the recent Lehman Brothers crisis and a rich dataset to...
Persistent link: https://www.econbiz.de/10013023488
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Innovation and Productivity in SMEs - Empirical Evidence for Italy
Hall, Bronwyn H.; Lotti, Francesca; Mairesse, Jacques - 2013
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation success from firm surveys along with the usual R&D...
Persistent link: https://www.econbiz.de/10014199891
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The Internationalization of Italian Production and Industrial Districts : An Analysis of Investment
Federico, Stefano - 2006
to the literature on industrial districts, the results help understanding why Italy's FDI on GDP ratio is lower than in …
Persistent link: https://www.econbiz.de/10014057116
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Nonlinear Dynamics in Welfare and the Evolution of World Inequality
Fiaschi, Davide; Romanelli, Marzia - 2010
The paper proposes a measure of countries' welfare based on individuals' lifetime utility and applies it to a large sample of countries in the period 1960-2000. Even though welfare inequality across countries appeared stable, the distribution dynamics points out the emergence of three clusters....
Persistent link: https://www.econbiz.de/10014199857
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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