Research
Publications and working papers from 2021
Publications and working papers from 2021
Gabbuti G., Morelli S., Ricchezza, eredità e disuguaglianze (Capitolo 1) nel volume "Non è Giusta - L'Italia delle Disuguaglianze" a cura di Giacomo Gabbuti, Laterza, 2025
Morelli S., Nolan B., Palomino J., Van Kerm P., The influence of inheritances on wealth inequality in rich countries, Journal of Public Economics, July 2025
Gabbuti G., Morelli S., Wealth, Inheritance, and Concentration: Italy and its Regions from the Unification to the Great War, Review of Income and Wealth, accepted
Annicchiarico B., Pelloni A., Valenti F., Short-Run Fluctuations and Long-Run Growth with Recursive Preferences, Macroeconomic Dynamics, 2025, 29
Carranza R., De Rosa M., Flores I., Wealth inequality in Latin America (2000–2020): data, facts and conjectures, in Oxford Open Economics, Volume 4, Issue Supplement_1, 2025, Pages i36–i54.
Eslava M., Meléndez M., Ulyssea G., Urdaneta N., Flores I., Businesses and inequality in Latin America, in Oxford Open Economics, Volume 4, Issue Supplement_1, 2025, Pages i334–i348.
Pulejo M., Private response to exclusionary welfare policy: Evidence from Italian municipalities, Journal of Public Economics, 248.
Pulejo M., Querubín P., Plata y Plomo: How Higher Wages Expose Politicians to Criminal Violence, NBER Working Paper N. 31586. Conditionally Accepted, American Economic Journal: Economic Policy
Alvaredo F., De Rosa M., Flores I., Morgan M., The Inequality (or the Growth) we Measure: Data Gaps and the Distribution of Incomes, in Economía, LACEA Journal (forthcoming)
Subioli, F., Raitano, M. (2025), When mobility matters: A look at earnings dynamics across Italian generations, Economica, forthcoming, doi: https://doi.org/10.1111/ecca.70000
Granaglia E., Morelli S., Un’imposta sui grandi patrimoni?, Journal of Economic Policy, 2024
Acciari, P., Alvaredo, F., Morelli, S., The concentration of personal wealth in Italy 1995–2016, Journal of the European Economic Association, https://doi.org/10.1093/jeea/jvae002.
Annicchiarico, B., Di Dio, F., Diluiso, F., Climate Actions, Market Beliefs, and Monetary Policy, Journal of Economic Behavior and Organization , 2024, 218, 176-208.
Fana M., Giangregorio L., The role of tasks, contractual arrangements, and job composition in explaining the dynamics of wage inequality: Evidence from France, Labour Economics, https://doi.org/10.1016/j.labeco.2024.102514.
Morelli, S., Disuguaglianze: le tante fratture socio-economiche, In Elena Granaglia e Gloria Riva (a cura di), Quale Europa. Capire, discutere, scegliere, Donzelli Editore.
Scialà A., Stroffolini F., The economics of regional railway regulation under vertical separation, Economics of Transportation, https://doi.org/10.1016/j.ecotra.2024.100344.
Targa, M., & Yang, L., The impact of communist party membership on wealth distribution and accumulation in urban China, World Development, 2024, 181, 106660.
Annicchiarico B., Crofils C., Climate Vulnerability and Monetary Policy in a Dual Economy, Revue d’économie du développement, 2024/3-4 Vol. 32.
Eslava, M., Meléndez, M., Ulyssea, G., Urdaneta, N., Flores I., Firms and inequality in Latin America, in Oxford Open Economics, forthcoming.
Carranza, R., De Rosa M., Flores, I., Wealth Inequality in Latin America, in Oxford Open Economics, forthcoming.
De Rosa, M., Flores, I., Morgan, M., More Unequal or Not as Rich? Revisting the Latin American exception, in World Development, 184.
Targa, M., Yang, L., The Impact of Communist Party Membership on Wealth Distribution and Accumulation in Urban China, World Development, Volume 181.
Annicchiarico, B., Di Dio, F., Diluiso, F., Climate Actions, Market Beliefs, and Monetary Policy, Journal of Economic Behavior and Organization , 2024, 218, 176-208. Accepted version. SUERF Policy Brief ; Green Central Banking.
Pulejo M., Religious Mobilization and the Selection of Political Elites: Evidence from Postwar Italy, American Journal of Political Science, 68(4): 1498-1513.
Giangregorio L., Rodgriguez-Menes J., Social class origin and income variations among degree holders: evidence from Italy, Higher Education.
Giangregorio L., Villani D., Functional distribution, personal income inequality, and top shares of income: do social classes still matter?, The Journal of Economic Inequality.
Fana M., Giangregorio L., Villani D., The Outsourcing Wage Gap: Exploring the Interplay of Gender and Tasks Along the Job Distribution, Italian Economic Journal.
De Arcangelis G., Mariani R. D., The Italian Economy and the End of the Multifiber Arrangement, Economia Italiana, 2023/3, 257-278.
Adriaans, J., Targa, M., Gender Differences in Fairness Perceptions of Own Earnings in 28 European Countries, European Societies
Annicchiarico, B., Baratta, R., Di Marcello, T., Morelli, S., Sabel, C., Fixing the climate with experimentalist governance? How?, Roma Tre Law Review 02/2023
Bises, B., Bloise, F., Scialà, A., Labour share as an automatic stabilizer of income inequality: evidence from OECD countries, International Tax and Public Finance
Chłoń-Domińczak, A., Diamantopoulou, A. Ebbinghaus, B., Granaglia, E., Hemerijck, A., Klös, A.P., Mathieu, C., Moisio, P., Pacolet, J. Stevens, Y., Szikra, D., Toots, A., The future of social protection and the Welfare state in the EU, European Commission
Fana, M., Giangregorio, L., The structure of the labour market and wage inequality using RIF-OLS: The Italian case, Economia Politica
Levi, E., Mariani, R. D., Patriarca, F., Immigration and voting, in Handbook of Labor, Human Resources and Population Economics, K. F. Zimmermann (ed.), Springer International Publishing
Pietrovito, F., Pozzolo, A.F., Resce, G., Scialà, A., Fiscal decentralization and income (re)distribution in OECD countries’ regions, Structural Change and Economic Dynamics
Pietrovito, F., Pozzolo, A.F., Did Italian banks trade-off lending with government bond purchases?, International Review of Economics and Finance
Rella, G., Kim, Y.K., Davis, L., de Souza, J.P.A., What are firms borrowing for? The role of financial assets, Economic Modelling
Raitano, M. and Subioli, F., School-to-work transition, early career outcomes and income dynamics across cohorts in Italy: does education pay?, International Journal of Manpower
Rosati, F. C., Mariani, R. D., Time Use in Macroeconomics: European Integration and Marketization of Domestic Work, in Imbriani: Economic Policy Frameworks Revised, P. Scaramozzino (ed.), Springer International Publishing
Nucci, F., Pietrovito, F., Pozzolo, A.F., Intermediated Trade and Credit Constraints: The Case of Firm's Imports, International Economics Volume 175, October 2023, Pages 201-220
Pulejo M., Private Response to Exclusionary Welfare Policy: Evidence from Italian Municipalities. Revise and Resubmit, Journal of Public Economics. Winner, Fondi Franceschi 2020 by Fondazione Roberto Franceschi
Giangregorio L., Occupational origin effects on wage and market income (inequality): The cases of Spain and Germany, Research in Social Stratification and Mobility
Acciari, P., Morelli, S., Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records 1995-2016, NBER Volume "Measuring Distribution and Mobility of Income and Wealth", editors: R. Chetty, J. M. Friedman, J. C. Gornick, B. Johnson & A. Kennickell, University of Chicago Press
Annicchiarico B., Di Dio F., Patrì S., Optimal Correction of the Public Debt and Measures of Fiscal Soundness, Metroeconomica, 2023, 74(1), 138-162.
Annicchiarico, B., Antonaroli , V., Pelloni, A., Optimal Factor Taxation in A Scale Free Model of Vertical Innovation, Economic Inquiry
Annicchiarico, B., Carattini, S., Fischer, C., Heutel, G., Business Cycles and Environmental Policy: A Primer, Environmental and Energy Policy and the Economy
Berman, Y., Morelli, S., On the Distribution of Estates and the Distribution of Wealth: Evidence from the Dead, NBER Volume "Measuring Distribution and Mobility of Income and Wealth", editors: R. Chetty, J. M. Friedman, J. C. Gornick, B. Johnson & A. Kennickell, University of Chicago Press
Brescia Morra, C., Giustolisi, C., Pistelli, F., Pozzolo, A.F., Zoppini, A., Obstacles are the way: Progress and regulatory challenges to improve banks’ resolvability, Banca Impresa Società
Cerqueti, R., Lupi, C., Pietrovito, F., Pozzolo, A.F., Rank–size distributions for banks: A cross-country analysis, Physica
D’Errico, M., Mariani, R. D., Pietrelli, R., Rosati, F.C., Refugee-Host Proximity and Market Creation in Uganda, The Journal of Development Studies
De Arcangelis, G., Mariani, R. D., Nastasi, F., Trade and Migration: Some New Evidence from the European Mass Migration to Argentina (1870-1913), World Trade Review
Giangregorio, L., Welfare type and income inequality: an income source decomposition including in-kind benefits and cash-transfers entitlement, International Tax and Public Finance
Ginebri, S., Lallo, C., Gli effetti regressivi inattesi del sistema pensionistico italiano nel prossimo futuro, Economia Italiana
Gornick, J., Milanovic, B., Morelli, S., Yonzan, N., Drawing a Line: Comparing the Estimation of Top Incomes Between Tax Data and Household Survey Data, Journal of Economic Inequality
Granaglia, E., La legge di bilancio per il 2022. Il fisco e il (non) contrasto alle disuguaglianze, Politiche Sociali
Granaglia, E., Uguaglianza di opportunità. Si, ma quale?, Bari-Roma : Laterza
Granaglia, E., Welfare e bisogni fondamentali. La persistente attualità di una “vecchia” idea, In Maria Chiara Giorgi (a cura di), Welfare
Granaglia, E., Welfare fiscale: risorsa da promuovere o rischio da evitare?, La mano invisibile dello stato sociale
Mariani, R. D., Rosati, F.C., Immigrant Supply of Marketable Child Care and Native Fertility in Italy, Journal of Demographic Economics
Morelli, S., Nolan, B., Palomino, J., Van Kerm, P., Intergenerational Wealth Transfers in Great Britain from the Wealth and Assets Survey in Comparative Perspective, 2022, Fiscal Studies
Morelli, S., Nolan, B., Palomino, J., Van Kerm, P., The wealth (disadvantage) of single parents, The Annals of the American Academy of Political and Social Science
Subioli, F., Wage Inequality: What Matters Most, Economia & Lavoro
Blanchet, T., Flores, I., Morgan, M., The weight of the rich: Improving surveys using tax data* in the Journal of Economic Inequality, 1-32 (*) This paper was awarded the Atkinson Prize 2023
Annicchiarico, B., Diluiso, F., Kalkuhl, M., Minx, J.C., Climate Actions and Macro-Financial Stability: The Role of Central Banks, Journal of Environmental Economics and Management
Annicchiarico, B., Pelloni, A., Innovation, Growth and Optimal Monetary Policy, Macroeconomic Dynamics
Barba Navaretti, G., Calzolari, G., Pozzolo, A.F., Banking and COVID: Past, Present, and Future, European Economy
Barba Navaretti, G., Calzolari, G., Pozzolo, A.F., Sustainability and Finance. Why and How?, European Economy
Barba Navaretti, G., Calzolari, G., Pozzolo, A.F., Open Banking’s Promise of a Financial Revolution: Are We Falling Short?, European Economy – Banks, regulation and the real sector
Bolzoni, M., Granaglia, E., Work-Related Conditionality and Minimum Income Schemes: Where Is the Eu Going?, Autonomie locali e Servizi sociali
Brescia Morra, C., Guaccero, A., Pozzolo, A.F., Rojas Elgueta, G., Vardi, N., Zoppini, A., Non-performing Loans – New risks and policies? What factors drive the performance of national asset management companies?, Study Requested by the Econ Committee
Cipollina, M., Pietrovito, F., Pozzolo, A.F., Do cross-border mergers and acquisitions reflect participations into global value chains?, World Economy
Crespi, S., Liberati, P., Paradiso, M.G., Scialà, A., Tedeschi, S., Smokers are different: the impact of price increases on smoking reduction and downtrading, Economic Modelling
Dai, M., Nucci, F., Pozzolo, A.F., Xu, J., Access to finance and the exchange rate elasticity of exports, Journal of International Money and Finance
Disslbacher, F., Derndorfer, J., Lechinger, V., Six,E., Mader, K., Home, Sweet Home? The Impact of Working From Mome on the Division of Unpaid Work During the COVID-19 Lockdown, Plos One
Ginebri, S., Lallo, C., Disaggregation of official demographic projections in sub-groups by education level: the neglected “composition effect” in the future path of life expectancy, Genus
Granaglia, E., Morelli, S., Perché serve un’eredità universale, Il Mulino, 3, 116-128
Granaglia, E., Previdenza e Assistenza? Due mondi così diversi?, Rivista del Diritto della Sicurezza Sociale
Bolzoni, M., Granaglia, E., Work-related Conditionality and Minimum Income Schemes: Where Is the Eu Going?, Autonomie Locali e Servizi Sociali
Morelli, S., Nolan, B., Palomino, J., Van Kerm, P., Inheritance, Gifts and the Wealth Deficit of Low-Income Households, Journal of European Social Policy
Morelli, S., Munoz, E., kmr: A STATA Command to Correct Survey Weights for Unit Nonresponse using Group’s Response Rates, The Stata Journal
Morelli, S., Nolan, B., Palomino, J., Van Kerm, P. Intergenerational wealth transfers and wealth inequality in rich countries: What do we learn from Gini decomposition?, Economic Letters
Mariani, R. D., Pasquini, A., Rosati, F. C., The Immigration Puzzle in Italy. A Survey of Evidence and Facts, Italian Economic Journal
Nucci, F., Pietrovito, F., Pozzolo, A.F., Imports and credit rationing: A firm-level investigation, World Economy
Pietrovito, F., Pozzolo, A.F., Credit constraints and exports of SMEs in emerging and developing countries, Small Business Economics
Flores, I., The capital share and income inequality: Increasing gaps between micro and macro-data, in the Journal of Economic Inequality, 19(4), 685-706
Pulejo M. and Querubín P., Electoral concerns reduce restrictive measures during the COVID-19 pandemic. Journal of Public Economics, 198(June 2021): 104387.
Pulejo M., Quo Vadis? Refugee Centers and the Geographic Expansion of Far-Right Parties, Journal of Political Institutions and Political Economy, 2(3): 347-364
Working Papers
Colcerasa F., Giammei L., Subioli F., The network of injustice: a novel approach to inequality of opportunity, III Working Paper (150). International Inequalities Institute, London School of Economics and Political Science, London, UK
Annicchiarico B., Crofils C, Weather Shocks and the Optimal Policy Mix in a Climate-Vulnerable Economy, AMSE Working papers/Documents de Travail, no. 4, 2025
Flores I., Glover D., Does Land Consolidation Increase Vulnerability to Climate Change? Evidence from French Agriculture, in Working Paper, January 2025
Castro Nofal B., Flores I., Gutierrez Cubillos P., From Housing Gains to Pension Losses: New Methods to Reveal Wealth Inequality Dynamics in Chile, submitted to Journal of Public Economics, March 2025.
Morelli S., Asher T., Di Biase F., Disslbacher F., Flores I., Giangregorio L., Rego Johnson A., Longmuir M., Rella G., Schechtl M., Subioli F., Targa M, The GC Wealth Project Data Warehouse v.1.2 – Documentation, Stone Center Working Paper Series. no. 99
Morelli S., Nolan B., Palomino JC, Van Kerm P., The Influence of Inheritances on Wealth Inequality in Rich Countries, Stone Center Working Paper Series. no. 94
Alvaredo, F., Berman, Y., Morelli, S., Evidence from the Dead: New Estimates of Wealth Inequality using a Simplified Multiplier Method, Stone Center Working Paper N.91
Annicchiarico, B., Cipal, R., Sahuc, J., Stylized Facts on Intergenerational Household Finance: A Transatlantic View, available at SSRN
Capretti, L., Kopinska, J., Mariani, R. D., & Rosati, F. C., Caring Connections: Immigrant Caregivers and Long-Term Elderly Care in Italy, CEIS Working Paper No. 573
Guzzardi, D., Morelli, S., A New Geography of Inequality: Top incomes in Italian Regions and Inner Areas, Stone Center Working Paper N. 88; CSEF Working Paper #718
Flores, I., Glover, D., Does Land Consolidation Increase Vulnerability to Climate Change? Evidence from French Agriculture, in Working Paper
Daniele G., Dipoppa G., Pulejo M., Violence against Women in Politics, CEPR Discussion Paper, No. DP18333
Pulejo M. and Vitale ., The Political Economy of Religious Spending. BAFFI-CAREFIN Working Paper N. 234
Mayda A. M., Mariani R. D., Rosati F. C., and Sparacino A., How Do Immigrants Affect Local Public Finances? Evidence from Italy, CEPR DP 19596
De Cocco J., Levi E., Mariani R.D. , Stillman S., Does A Lack of Trust Boost Populist Political Parties in Europe? Causal Evidence from Three Methodologies, CESifo Working Paper No. 11394 - IZA DP No. 17342
Capretti L., Kopinska J., Mariani R.D., Rosati F. C., Caring Connections: Immigrant Caregivers and Long-Term Elderly Care in Italy, CEIS Working Paper No. 573
Annicchiarico B., Carli M., Diluiso F., Climate Policies, Macroprudential Regulation, and the Welfare Cost of Business Cycles, Bank of England - Staff Working Paper no. 1036, 2023. Policy brief, R&R
Basso, G., Lo Bello, S., Subioli, F., Labor market dynamics and geographical reallocations, Bank of Italy Temi di Discussione no. 1430
Gabbuti, G., Morelli, S., Wealth, Inheritance, and Concentration: An ‘old’ New Perspective on Italy and Its Regions from Unification to the Great War, Stone Center Working Paper Series. no. 78
Morelli, S., Asher, T., Di Biase, F., Disslbacher, F., Flores, I., Johnson, A. R., Rella, G., Schechtl, M., Subioli, F., Targa, M., The GC Wealth Project Data Warehouse v.1 - Documentation, Stone Center Working Paper Series. no. 75
Brescia Morra, C., Pozzolo, A.F., Vardi, N., Completing the Banking Union The case of crisis management of small- and medium-sized banks
Giangregorio, L., Villani, D., Income inequality, Top shares of Income, and Social Classes in the 21st Century, ECINEQ Working Paper
Mariani, R. D., Rosati, F. C., Scaramozzino, P., D’Errico, M., Gains from Variety: Refugee-Host Interactions in Uganda, CEIS Working Paper No. 553 and IZA DP No. 16434
Franconi, A., Rella, G., Monetary Policy across the Wealth Distribution, Stone Center Working Paper Series. no. 70
Pulejo M. and Querubín P., Plata y Plomo: How Higher Wages Expose Politicians to Criminal Violence. NBER Working Paper N. 31586. Revise and Resubmit, American Economic Journal: Economic Policy.
Scaramozzino P., Mariani R. D., Rosati F.C., Gains from Variety: Refugee-Host Interactions in Uganda, IZA DP No. 16434
Annicchiarico, B., Carli, M., Diluiso, F., Climate Policies, Macroprudential Regulation, and the Welfare Cost of Business Cycles, CEIS Working Paper no. 543, 2022
Fana, M., Giangregorio; L., Villani, D., The outsourcing wage penalty along the wage distribution by gender, European Commission, Joint Research Centre (JRC) - LET Working paper
Subioli, F. , and Raitano, M., Differences set in stone: evidence on the inequality-mobility trade off in italy, Working Papers 633, ECINEQ
Alvaredo F., De Rosa M., Flores I., Morgan M., The Inequality (or the Growth) we Measure: Data Gaps and the Distribution of Incomes in Economía, Stone Center Working Paper Series. no. 49
Annicchiarico, B., Carattini, S., Fischer, C., Heutel, G., Business Cycles and Environmental Policy: Literature Review and Policy Implications, NBER Working paper no. 29032, 2021
Fana, M., Giangregorio, L., Routine-biased technical change can fail: Evidence from France, European Commission, Joint Research Centre (JRC) - LET Working paper
Rella, G., The Fed, housing and household debt over time, DEPS Working Paper No. 850