type="main" <p>An extensive literature has analyzed the economic effects of transition patterns in Central and Eastern European and former Soviet Union countries. With few recent exceptions, analysis of the impacts of speed and sequencing of reforms has not concerned the dynamics of income...</p>

In this paper we study intra-generational income mobility in European countries over the years shortly preceding the outburst of the global crisis. Income mobility plays a crucial role in shaping distributive patterns and is closely related to the capacity of a socio-economic system to provide...

Distributional patterns evolved quite differently and stabilized at diversified levels across the Central–Eastern European and former Soviet Union countries which underwent transition. In this paper we provide an overview of income inequality dynamics for 22 transition countries from 1989 to...

The paper provides measures of inequality in individual well-being by using a normative multidimensional approach. A distinctive contribution of the study is to consider heterogeneous inequality aversion parameters, estimated on the basis of country-specific tax structures. The empirical...

The literature on firm heterogeneity and trade has highlighted that most trading firms tend to engage in both importing and exporting activities. This paper provides some evidence that helps understanding to what extent this is the result of a two-way relationship. Using firm-level data for a...

This article extends the Blinder--Oaxaca decomposition to double-hurdle (DH) models. The proposed methodology focuses on a generalized non-Gaussian DH specification with correlated errors and allows decomposing the gaps in participation probabilities and outcome levels for a wide range of nested...

The paper investigates the determinants of sovereign bond yield spreads in the Euro area and extends the models commonly used in empirical analyses by focusing on the impact of market expectations and behavioral factors.

In this paper we use a Markov-switching vector autoregressive model to analyse the interest rate pass-through between interbank and retail bank interest rates in the Euro area. Empirical results, based on monthly data for the period 2003-2011, show that during periods of financial distress bank...

This paper investigates the main determinants of household delinquency on mortgage loans in Italy. Using a sample-selection ordered choice model, we assess the impact of socio-demographic factors, loan characteristics and institutional variables both on the probability of delinquency in mortgage...

In this paper, focusing on the normative approach, we review and discuss the main multidimensional inequality measures and inequality-adjusted multidimensional well-being indicators.Using Italian data on individual income, education and health status from the 2005 and 2008 Italian Survey on...