Research

Publications and working papers from 2021

Working Papers

2024

• Annichiarico, 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

2023

• 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 

• Targa, M., Yang, L., The Impact of Communist Party Membership on Wealth Distribution and Accumulation in Urban China, Stone Center Working Paper Series. no. 66 

2022

• Annicchiarico, B.,  Carli, M., Diluiso, F., Climate Policies, Macroprudential Regulation, and the Welfare Cost of Business Cycles, CEIS Working Paper no. 543, 2022

• Annicchiarico, B.,  Di Dio, F.,  Diluiso, F., Climate Actions, Market Beliefs, and Monetary Policy, CEIS Working Paper no. 535, 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

2021

• 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

• Nucci, F., Pietrovito, F., Pozzolo, A.F., Intermediated Trade and Credit Constraints: The Case of Firm's Imports, Centro Studi Luca d’Agliano Development studies Working Paper n. 471

• Rella, G., The Fed, housing and household debt over time, DEPS Working Paper No. 850

Publications

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

• Annichiarico, 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

• De Rosa, M., Flores, I., Morgan, M., More Unequal or Not as Rich? Revisting the Latin American exception, World Development (forthcoming)

• 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.

2023 

• 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

2022

• 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

• 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

2021

• 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