We investigate whether individual attitudes toward risk may explain why, though there exist huge dierences in the employment returns of graduates by fields of study, the most demanded subjects by the economy are less frequently chosen. The econometric methodology is based on a three step...

Combining employment and growth theory with a cash-in-advance constraint, the model determines the balanced growth path (BGP). Under low intertemporal elasticity of substitution in consumption, the Friedman rule is consistent with the existence of an unique BGP: monetary rules leading to a...

La classe media protagonista del processo di industrializzazione è stata approfonditamente studiata quasi esclusivamente nella sua componente maschile. Anche la storiografia di genere, più interessata a valutare specificità e carattere del lavoro femminile, non ha dedicato molta attenzione...

The desirability of a transactions tax in the foreign exchange market, or Tobin tax, depends on whether the tax deters short-term, destabilizing trade. While supporters claim that the tax would be a deterrent for short-term capital flows, critics contend that the deterrent capability of the tax...

Recent developments in investment research have highlighted the importance of non-convexities and irreversibilities in the firms’ adjustment of quasi-fixed inputs. However, aggregation across capital goods may smooth out the discontinuities associated with the adjustment of individual assets....

The paper provides some new evidence on the economic role and position of women in nineteenth century Italy, especially pointing out their financial resources and choices. In 1865, the introduction of a new civil code in the Italian Kingdom corroborated women’s dependence from men. Wives...

Recent empirical evidence about innovation shows that established firms rarely invest in radical innovation but incrementally improve the existing technology. Revolutionary breakthroughs are more likely to be introduced by new entrants. These stylized facts motivate a renewed attention of the...

During the 90’s different academic works have pointed to an increase of social inequalities in France. The first part of the following paper examines the question through a synthesis of the different statistical data and analysis published on the matter since the beginning of the 80’s. It...