In this paper we examine the effect of widowhood on asset trajectories. In many industrialized countries, close to half of households are headed by women single, divorced, separated or widowed and therefore their ability to make financial decisions is crucial for their economic well-being as...

In this paper we show how liquidity constraints shape Italian households' decisions with respect to labour supply. One way to neutralize the existence of binding liquidity constraints is simply by supplying additional labor, instead of reducing consumption patterns. We estimate whether resorting...