Recent labour market developments include an increase in labour market mismatches, in that high unemployment rates coexist with significant levels of vacancies. This pattern is particularly evident in the US economy, but is also significant within the European Union; it implies that the natural...

We investigate the relationship between life-cycle wages and flexicurity in Denmark. We separate permanent from transitory wages and characterise flexicurity using membership of unemployment insurance funds. We find that flexicurity is associated with lower wage growth heterogeneity over the...

Among the different sources of regional growth, agglomeration economies, both internal to regions and external to regions (spillovers) play a primary role. However the presence of agglomeration economies may obstacle the path toward cohesion making rich (poor) regions become richer (poorer)....

La relazione presenta nella Parte I un quadro della struttura, sviluppo e crescita della spesa pubblica in Italia a partire dal 1951 nelle sue principali componenti funzionali e per livello di governo; ne analizza la dinamica in relazione alla crescita del PIL e al ciclo economico. Nella Parte...

A simple dynamic general equilibrium model of savings and investment is populated by agents with Kreps-Porteus preferences. Households are heterogeneous in their risk aversion, which explains the negative relationship between aggregate investment and aggregate uncertainty. Agents trade a...

We consider the strategic choice between product innovation and logistic optimization in a novel urban framework where consumers are distributed across the city and have different incomes depending on their location in the town. Depending on the relative efficiency of the product innovation...

In a paper prepared as part of the 1992 draft Formez-Istat "The regional distribution of state expenditures: determinants, impact, equity and efficiency," the author had used the data, made available only for 1985 and 1986, in order to understand the determinants and the logic of the...

The aim of this paper is to explain the economic causes and consequences of the sharp decline in Italy’s fertility rate, the most dramatic decline in the world together with that in Japan. The main cause is shown to originate in the mid-seventies: a sudden increase in the unemployment rate...

We analyze households’ economic freedom to determine their standard of living, characterized by their capacity to spend on housing, utilities, food, and transport: economic poverty is a lack of freedom due to budgetary constraints. We propose three new measures. The first is the classical...