This paper investigates the causes of disproportionate increases of sovereign yields with respect to the interest rate on the 10 years German Bund within the Eurozone. Empirical evidence drawn from the BIS dataset on banks' portfolios shows that rapid financial integration, following the launch...

It is well-known that Italy has two distinguishing characteristics closely intertwined with each other and unusual for an advanced country: a persisting specialization in traditional industries and deep internal disparities. The Italian "anomaly" is rooted in the predominance of clusters of...

Economists are paying increasing attention to “factors” in job satisfaction. Job satisfaction can affect productivity, effort, absenteeism, and quits. This paper analyzes data from the “Working in Britain, 2000” questionnaire; the results confirm the effects of individual features on job...

This paper investigates the supposed substitutability between equal opportunities and public redistribution. In the first part a theory which finds a substitutability between redistribution and equal chances in determining the extent of incomes inequality (Gini Index) is presented. This result...