The aim of this paper is to analyse the impact of unobserved preference heterogeneity in empirical applications of discrete choice models of labour supply. Typically, unobserved heterogeneity is estimated either with continuous or discrete mixture models. However, in order to avoid estimation...

This paper describes reweight, a Stata module to reweight survey data to external aggregate totals.

This paper presents the comparative-static national disaggregate Computable General Equilibrium (CGE) model of the Italian economy, ORANI-IT, which represents the starting point to the development of a tax CGE model of Italy. The model, designed at the Department of Treasury of the Italian...

We use firm-level data for France and Italy to explore the impact of service regulation reform implemented in the two countries on the mark-up and eventually on the performance of firms between the second half of the 1990s and 2007. We find that the relation between entry barriers and...

The aim of this study is to assess the effects of anti-competitive service regulation on economic performance in Italy. This paper runs a cross-sector panel regression of the Italian value added growth on the OECD PMR sectoral regulation indicators (ETCR and RBSR) in the 1995-2008 period using...

Economic agents are aware to incur in a loss basing their decisions on their own extrapolations instead of sound statistical data, but the loss could be smaller than the one related to waiting for the dissemination of final data. A broad guidance in deciding when statistical offices should...

Since the late 1970s there has been a remarkable and persistent increase in wage inequality in the US and other industrialized countries. Researchers have also documented an increase in the dispersion of individual earnings, household (pooled) earnings, household disposable income, and (less...

Building on a new dataset on Italian banks and other financial corporations from 1861 to 2011, the novelty of this paper is to examine the patterns of the main items of bank’s balance sheets, such as deposits, capital and reserves, bonds issued, bonds held in portfolio, and loans for a period...

This paper presents the non-behavioral module of EconLav, a new microsimulation model of the Italian tax-benefit system which is coordinated by ISFOL with the support of the Ministry of Economy and Finance and the Ministry of Labor. First, we describe a number of data quality issues which often...

This paper develops a methodology aimed at assisting policymakers in selecting the optimal policy option to support the carbon price within the ETS. We consider different policy proposals that can support the carbon price either by intervening on the ETS cap (-30%, set-aside, carbon central...