This paper provides a sufficient statistics framework to study the design of optimal targeted social insurance in the presence of manipulation opportunities, through which individuals select into policies not intended for them. We apply our framework to Italian unemployment insurance (UI), which...

This paper studies the effect of bank lending shocks on aggregate labor productivity. Exploiting a unique administrative dataset covering the universe of Italian manufacturing firms between 2000 and 2015, we apply the Melitz and Polanec (2015) decomposition at the 4-digit industry level to...