We use a semiparametric bivariate probit model to explore the determinants of the conditional probability that a household has informal loans given objective or subjective liquidity constraints regarding access to credit through banking channels. In our empirical study, we use Italian microdata...

The voluntary mobility of employees who change employers for a better job remains an unexplored area of labour market transitions in many European countries. We analyse whether and how the recent great economic recession has contributed to modifications in such voluntary job mobility when...

We examine the effects of various motives to save money on the propensity of Italian households to allocate an unexpected inheritance towards consumption. To achieve this objective, we use microdata collected by the Bank of Italy in a structured questionnaire as part of the Italian Survey of...

Motivated by an interest in investigating factors associated with poverty risks in Italy, our study provides insight into the relationship between various socio-economic, demographic, and behavioural variables and a new measure of the economic inadequacy of households. We propose that a...

Our aim is to develop a pyramid of Okun's coefficient by age and gender in the Italian labour force using a varying-coefficient model. The unemployment rate by age and gender -- useful information for estimating Okun's relationship -- is not available for Italy from official statistics....

We propose using a system of three equations with binary responses to explore the determinants of a household receiving a private monetary transfer from three different types of informal lenders in Italy. First, we observe that a semi-parametric specification of the system of equations is...

We investigate factors affecting the job search channels (newspapers, agency, informal network, direct contact, internet) of unemployed individuals in Italy using a multivariate probit model. We separately analyse unemployed individuals who lost their job or who are entering the labour market...

This study investigates Okun's law in OECD countries by examining estimates for male and female age cohorts for the period 1998-2012. We find that the estimated Okun coefficients are not always statistically significant for each subgroup of the population. Our results also highlight a general...

The aim of this paper is to capture the time-varying effects of the relationship between changes in the Economic Sentiment Indicator (ESI) and economic growth. We use penalized regression splines to estimate the different point effects over time. Evidence from six European countries supports the...

We explore Okun's coefficient in several Latin American countries for the period from 1995-2017 and compare the results obtained using ordinary least squares (OLS) and generalised maximum entropy (GME) estimators. There are several advantages in considering the GME estimator over traditional...