This paper uses the Survey of Health, Ageing and Wealth (SHAW) to study the relationship between health status and economic welfare at individual level. We develop a model to estimate the welfare cost of ill-health: the terminology and the intuition go along the lines of the equivalence scale...

This paper looks at the relationship between the institutional design of the social security system and retirement from the labour force in three countries: Italy, Spain and the USA. Our work stresses the importance of dynamic incentives embedded in social security systems throughout the world...

We study the labor market histories of overlapping generations of young Italian workers during the years 1974-1994. We find evidence that worker mobility is higher among younger cohorts, which suggests that the Italian labor market is becoming more “flexible”. We also find that workers in...

We use SHAW data to assess whether household wealth falls in old age, and what factors affect the shape of the wealth age profile. We find that Italian households fail to run down their financial assets after retirement, but let their total wealth decline past age 60. This fall is largely due to...

This paper investigates the causes of the Italian consumption decline of the early 1990’s by estimating deviations from normal consumption for 1985-94. The paper uses household data from the Survey of Family Budgets (SFB) from ISTAT, a particularly rich but relatively unexplored source...