Research

Publications in refereed journals

“Life-cycle welfare losses from rules-of-thumb asset allocation”, Economics Letters, 2021, 198, (with Fabio Bagliano e G. Nicodano)

“Life-cycle portfolios, unemployment and human capital loss” Journal of Macroeconomics, 2019, 60, 325-340 (with Fabio Bagliano e G. Nicodano)

“Anatomy of Non-Employment Risk” The B.E. Journal of Economic Analysis and Policy, 2019, https://doi.org/10.1515/bejeap-2018-0070

“Life-Cycle Portfolio Choice with Liquid and Illiquid Financial Assets” Journal of Monetary Economics, 2015, 71, 67-83 (with Claudio Campanale e Francisco Gomes)

“Equally weighted vs long run optimal portfolios” European Financial Management, 2015, 21, 742-789. (with Massimo Guidolin and Giovanna Nicodano)

“The Evolution of Severance Pay over Italian Working Life Careers” Economia Politica, 2014, 3, 377-412

“Optimal life-cycle portfolios for heterogeneous workers” Review of Finance, 2014, 18(6), 2283-2323 (with Fabio Bagliano, e Govanna Nicodano)

“International diversification and industry-related labor income risk” International Review of Economics and Finance, 2011, 20(4), 764-783 (with Maela Giofre and Giovanna Nicodano)

“Time and Risk Diversification in Real Estate Investments: Assessing the Ex Post Economic Value” Real Estate Economics, 2009, 37(3), 341-381 (with Massimo Guidolin e Giovanna Nicodano)

“Can Pension Funds Hedge Wage Risk?” Rotman International Journal of Pension Management, 2009, 2(1), 64-70 (with Maela Giofrè and Giovanna Nicodano)

“Diversifying in Public Real Estate: The Ex Post Performance” Journal of Asset Management, 2008, 8(6), 361-373 (with Massimo Guidolin and Giovanna Nicodano)

“Investing for the Long-Run in European Real Estate. Does Predictability Matter?” Journal of Real Estate Finance and Economics, 2007, 34(1), 35-80 (withMassimo Guidolin and Giovanna Nicodano)

“Analisi comparativa dell’onerosità dei piani previdenziali individuali” Mercato Concorrenza Regole, IL MULINO, 2004, 2, 297-328 (with Elsa Fornero e Giacomo Ponzetto)

Book chapters

“Pension funds, life-cycle asset allocation, and performance evaluation” in R. Hinz, H. Rudolph, P. Antolin e J. Yermo (editors) Evaluating the financial performance of pension funds, The World Bank, 2010, (con Fabio Bagliano e Giovanna Nicodano)

Policy papers

“Investimenti Socialmente Responsabili e Fondi Pensione: opportunità reale o chimera?” Quaderno MEFOP n. 16, 2010 (con Elsa Fornero)

“TFR e fondi pensione: quanto è debole la nuova legge”, Biblioteca della libertà, 2006 (con Elsa Fornero

“Un mercato troppo segmentato? Uniformità e differenze nel mercato previdenziale italiano” Mefop Working Paper, n. 4, 2002 (con Elsa Fornero)