The paper characterizes the optimal tax policy and the optimal quality of day care services in a OLG model with warm-glow altruism where parental choices over child care arrangements affect the probability that the child becomes a high-skilled adult in a type-speciffc way. With respect to...

The following paper reports the main objective and the expected outcomes of an ambitious project that aims to develop a model for the analysis of both inter-household and intra-household distribution in a life-cycle perspective. In reporting such research objectives, this analysis focuses in...

This paper studies the effects of labour income taxation on growth in an OLG model where both formal schooling and child care enter the human capital production function as complements. We compare them with the effects obtained in a model where only formal schooling matters for skill formation....

This paper studies the implications of introducing child care in the human capital production function when assessing the effects of labor income taxation on growth. We develop an OLG model where formal schooling and child care enter the human capital production function as complements and we...

We study how mortality reductins and income growth interact, looking at their relationship prior to the Industrial Revolution, when income per capita was stagnant. We first present a model of individual medical spending giving a rationale for individual health expenditures even when medicine...

In models with exogenous labor supply, a reallocation of funds from a wage-related pension to a basic pension affects inequality through changes in the pension paid, redistributing resources from the rich to the poor. We show that in a model with endogenous labor supply, another effect is...

The data relating to the distribution of income and wealth (ISEE- Equivalent Economic Situation Indicator) in Italy are not available to the scientific community. This makes difficult the possibility of performing simulations of hypothetical reforms. In this paper, we show how to reconstruct the...