There has recently been a marked increase in concern of debt deflation worries particularly in the euro zone. This is the second time in the past recent years that widespread interest about this relevant economic phenomenon has come to the fore, the first being during and in the aftermath of the...

We study the impact of exogenous variation in Italian municipal elections' voter turnout rates on city performance scores and elected mayors'indicators of valence. First, we build a simple model of voluntary and costly expressive voting, where the relative weight of ideology and valence issues...

This paper concludes the study of transition paths in the continuous-time recombinant endogenous growth model by providing numerical method to estimate the threshold initial value of capital (a Skiba-type point) above which the economy takes off toward sustained growth in the long run, while it...

In trying to assess the content and significance of Keynes's attempted revolution in economic methodology, historians have almost exclusively focused on the General Theory. By highlighting the legacy of the Treatise on Probability for Keynes's economic writings, this paper provides evidence of...

This paper presents a comparative examination of educational underachievement of second-generation immigrants in Western Europe near the end of compulsory schooling, based on the 2006-2009 waves of the PISA survey. We propose a measure for migrant educational penalty revealing the relative...

Despite the increasing spread of standardized assessments of student learning, longitudinal achievement data are still lacking in many countries. This article raises the following question: can we exploit cross-sectional assessments held at different schooling stages to evaluate how achievement...

In contrast to most other studies focusing on children's cognitive outcomes and using cross sectional data, this paper exploits information from three waves of the Millennium Cohort Study to assess the impact of marital breakup on children's behaviour. Using fixed effect estimation throughout,...

The legal origin literature documents that civil and common law traditions have different impact on rules and economic outcomes. We contribute to this literature by investigating the relationship between corporate social responsibility and legal origins. Consistently with the main differences in...