Job satisfaction of shifters into self-employment informs us about their risk of social exclusion. Those who shift into self-employment are the more motivated wage-employed seeking higher job satisfaction. Social exclusion is not a likely outcome to those who shift into self-employment....

Using Italian data, we estimate an option value model to quantify the effect of financial incentives on retirement choices. As far as we know, this is the first empirical study to estimate the conditional multiple-years model put forward by Stock and Wise (1990). This implies that we account for...

This paper examines the association between lifetime income and old age mortality risk, referred to as the income-mortality gradient, in Italy during the 1980s and 1990s. We extend the literature by estimating the income-mortality gradient using Cox proportional hazard models, where the...

In this study, we analyse the actuarial features of the Italian pension system after the 1995 reform. We consider both the old defined benefit, the pro-rata and the new notional defined contribution pension rules applied to private sector employees born between 1945 and 2000. In the...

This paper investigates the causal impact of retirement on late-life mental health, a growing concern for public health, since major depressive disorders are the second leading cause of disability. We shed light on the role of economic conditions in shaping the effect of retirement on mental...

Using a rich micro dataset drawn from administrative archives, we explore whether Social Security Wealth (SSW) is an important factor affecting the decision to become self-employed in Italy. We focus on the two main categories of self-employed professions covered by the Italian public pension...