In this article, we investigate the role of several types of educational mismatch in explaining labour market transitions of workers with secondary and higher education. We focus on transitions from employment to unemployment and on job changes, to assess whether mismatch is a temporary or a...

At a time of growing expectations about educational attainment, young people who did not complete upper-secondary schooling can easily be ‘left behind’ to face risks of social exclusion. Being able to make a rapid and successful transition into a first significant job is crucial for...

Our paper forecasts the expected recovery rates of defaulted Italian mortgage loans backed by either residential or commercial real estate. We apply an exponential Ornstein–Uhlenbeck process to model the price dynamics at the provincial and regional level, and two haircut models to estimate...

In this article, we investigate the role of several types of educational mismatch in explaining labour market transitions of workers with secondary and higher education. We focus on transitions from employment to unemployment and on job changes, to assess whether mismatch is a temporary or a...

We consider the job progression of immigrant women in five European countries: France, Italy, Spain, Sweden and the UK. We complement data from the European Labour Force Survey (2005-2015), with information about the skills contained in the jobs held by women, using data from the O*Net. In...

This paper presents causal evidence of the effects of boardroom networks on firm value. We exploit exogenous variation in network centrality arising from a ban on interlocking directorates of Italian financial and insurance companies. We leverage this shock to show that firms that become more...

This paper documents the evolution of sector-level collective agreements in Italy and estimates the wage effects of the diffusion of non-representative agreements, often signed by unknown organisations i.e. pirate agreements. Using employer-employee data from Social Security Archives, we find...

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...

Why do anti-immigrant political parties have more success in areas that host fewer immigrants? Using regression discontinuity design, structural breaks search methods and data from a sample of Italian municipalities, we show that the relationship between the vote shares of anti-immigrant parties...

Policies supporting international student mobility prepare young people for the challenges of global and multicultural environments. However, disadvantaged students have lower participation rates in mobility schemes, and hence benefit less from their positive impacts on career progression....

Policies supporting international student mobility prepare young people for the challenges of global and multicultural environments. However, disadvantaged students have lower participation rates in mobility schemes, and hence benefit less from their positive impacts on career progression....

This paper analyses the extent to which the Italian welfare system provides monetary compensation for those who lost their earnings due to the lockdown imposed by the government in order to contain the COVID-19 pandemic in March 2020. In assessing first-order effects of the businesses...

Die Corona-Pandemie trifft die Welt mit multiplen Angebots- und Nachfrageschocks zugleich. Das gab es in dieser Breite, Heftigkeit und Schnelligkeit noch nie. Eine schnelle Rückkehr auf die vorherigen Wachstumsspuren ist in allen Weltregionen nicht zu erwarten. Im Jahr 2020 wird die globale...

COVID-19 causes extremely high mortality among the old. This motivates a comparison of the losses of future lifetime years and future lifetime years of work ensuing from a hypothetical 25,000 excess deaths in Italy, whose affluent population is one of the world's oldest, with those in Kenya,...

This paper provides insights for policymakers to evaluate the impact of staying at home and lockdown policies by investigating possible links between individual mobility and the spread of the COVID-19 virus in Italy. By relying on the daily data, the empirical evidence suggests that an increase...

This paper examines the ownership structure of eurozone public debt and the distributional consequences thereof. Through both a comparative perspective and an explorative case study of Italy, this paper asks two research questions. Firstly, it asks who holds government debt in Spain, France,...

We estimate the (causal) effects of low skill immigration on the performance of Italian manufacturing firms. We find that an increase of the local supply of low skilled immigrants by one thousand units – which corresponds to 8.5 percent of the mean value - raises profits on average by somewhat...

We link administrative data on tax returns across two generations of Italians to study the degree of intergenerational mobility. We estimate that a child with parental income below the median is expected to belong to the 44th percentile of its own income distribution as an adult, and the...

[Background:] The paper adopts a long-term perspective in analysing the association between health and employment histories, often characterized by substantial mobility over time across multiple statuses and contractual arrangements. The available evidence is largely based on static or short-run...

In 2012 a labour market reform, known as Fornero Law, substantially reduced firing restrictions for firms with more than 15 employees in Italy. The results from a difference in regression discontinuities design that compares firms below versus those above the cut-off before and after the reform...

International student mobility is the most recognised element of Erasmus+, a major EU policy. Not enough is known about the causal effect of studying abroad on labour market outcomes. This is because most of the existing studies dismiss selection bias: the different composition of students...

This paper investigates the relevance for innovation of international exhibitions. While the first of these events, i.e. London's 1851 Great Exhibition, was an "exhibition of innovations", many of the subsequent ones, following the model of industrial exhibitions developed in France, did not...