Our paper analyses the observed and desired labour supply by older workers and (recent) retirees in a country (Italy) with limited opportunities for flexible work schedules. To this purpose, we use a dataset drawn from the Bank of Italy's Survey on Household Income and Wealth providing...

Our paper analyses the observed and desired labour supply by older workers and (recent) retirees in a country (Italy) with limited opportunities for flexible work schedules. To this purpose, we use a dataset drawn from the Bank of Italy’s Survey on Household Income and Wealth providing...

We examine whether Italian household consumption exhibits excess sensitivity to "severance pay", a sizable lump-sum that workers receive at job termination. We find no evidence of excess sensitivity of non-durable expenditure to this anticipated cash-in-hand change.

We use a Cox-type model to investigate the role of the family as an informal market: parents enjoy their children’s proximity (a proxy for the informal care they can receive from their kids) and “reward” them with an anticipated wealth transfer. Children appreciate the reward, particularly...

In this paper we study the effect on Italian households’ saving behaviour of a change in real estate wealth using the Bank of Italy’s Survey of Household Income and Wealth (SHIW) dataset. We relate annual household saving to capital gains in housing, controlling for other characteristics...