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Why do people have kids in developed societies? We propose an empirical test of two alternative theories - children as "consumptionʺ vs. "investmentʺ good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear discontinuity in the treatment across...
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Is electoral competition good for political selection? To address this issue, we introduce a theoretical model in which ideological parties select candidates between party loyalists and experts, and allocate them into the electoral districts. Non-ideological voters, who care about national and...
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The introduction of NDC public pension scheme in few European countries, such as Latvia, Sweden, Italy, and Poland, in … accounts. However, some degree of political involvement with the working of the pension systems has continued (f.e., in Italy … with a discontinuous working history in Italy and Sweden suggest that the replacement rates will be low, unless the …
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