The aim of the present paper is to gain some insight into the causes of dropping out of school and, more generally, of the factors that induce parents to review their choices about their child's schooling careers. To this end we apply to data from a school dropout survey insights from a model of...

We present a dynamic OLG model of educational signaling, inequality and mobility with missing credit markets. Agents are characterized by two sources of unobserved heterogeneity: ability and parental income, consistent with empirical evidence on returns to schooling. Both quantity and quality of...

Using a difference-in-differences approach, we exploit a quasi-experiment occurred in a large public university located in Southern Italy, to study whether the introduction of a selective admission test affects two indicators of students’ performances: dropout rate and grade point average...

We present a dynamic OLG model of educational signaling, inequality and mobility with missing credit markets. Agents are characterized by two sources of unobserved heterogeneity: ability and parental income, consistent with empirical evidence on returns to schooling. Both quantity and quality of...

Different authors have argued the importance of central banker's secrecy over alternative targets of monetary policy. One of the argument is based on the welfare results in a well known signalling game of monetary policy by Vickers (1986). This work aims to show how this argument crucially...

The aim of the present paper is to gain some insight into the causes of dropping out of school and, more generally, of the factors that induce parents to review their choices about their child’s schooling careers. To this end we apply to data from a school dropout survey insights from a model...

In this paper we consider a simple economy where self interested taxpayers may have incentives to evade taxes and to escape sanctions, by bribing public officials in charge for tax collection. The level of monitoring and the level of corruption are endogenously determined assuming that the price...

In this paper we analyse the equilibrium degree of commitment in monetary policy to an independent central banker whose preferences are imperfectly observed by private agents. We characterize the incentive compatible strategies by a central bank in office for two periods with no restrictions on...