PUBLICATIONS
"Effects of Workload Allocation per Course on Students' Academic Outcomes: Evidence from STEM Degrees" with C.Aina and G. Casalone.
-Labour Economics, Accepted
"Board Gender Quotas and Outward Foreign Direct Investment: Evidence from France" with V. Gattai and P. Natale.
-Canadian Journal of Economics, vol. 56, no. 4, 2023, pp. 1291-1321
"High School Choices by Immigrant Students in Italy: Evidence from Administrative Data" with G. Argentin, G.P. Barbetta, L.V.A. Colombo, and G. Barbieri.
-The B.E. Journal of Economic Analysis and Policy, vol. 22, no. 3, 2022, pp. 527-572
"The Effect of Giving Credit to Social Enterprises: Evidence from Italy" with G.P. Barbetta.
-Italian Economic Journal, vol. 9, issue 1, 2023, pp. 235-263
"Inward FDI, outward FDI, and firm-level performance in India" with V. Gattai.
-Eurasian Geography and Economics, vol. 64, issue 2, 2023, pp. 139-172
WORKING PAPERS
"Characterising Life-Cycle Dynamics of Annual Days of Work, Wages, and Cross-Covariances"
-Conditionally accepted at the Journal of Economic Inequality
Abstract
This study investigates the dispersion in days worked and wages using a novel semi-parametric specification that minimises assumptions about life-cycle labour income dynamics. After the age of 50, data in Italy show a substantial increase in income inequality, which is remarkably driven by variations in days worked rather than wages. The results demonstrate that after the age of 50, the rise is caused by highly persistent changes in the number of days worked. The study also presents an empirical strategy to decompose the cross-covariances of wages and working days to estimate the joint dynamics between the changes in permanent (transitory) wages and days worked. At the age of 28, a 1% increase in permanent wages increases permanent days worked by 0.45%; at the age of 55, the increase is approximately 0.25%. Despite the strong response of days of work to wage shocks early in careers, the correlation coefficients are weak, indicating that wages only explain a small share of variation in permanent days worked.
"What a Difference an OFDI Makes: Firm-Level Evidence from Europe," with V. Gattai and P. Natale.
-R&R at International Economics
Abstract
This study investigates the effects of outward foreign direct investment (OFDI) on performance. Controlling for self-selection through propensity score matching techniques at baseline in a two-way fixed effect difference-in-differences framework, we determine that OFDI firms exhibit higher productivity, value-added, sales, and profit compared with non-OFDI firms. Heterogeneity analysis by destination reveals that the highest performance premia accrue to firms that invested in non-European Union (EU) countries and developed economies. Heterogeneity analysis by ownership structure shows that OFDI established via joint-venture or wholly owned enterprises have similar, positive performance premia. Furthermore, investing abroad entails no reduction in the parent companies’ number of employees. Finally, we document an increase in research and development expenditure for OFDI firms at both intensive and extensive margins, indicating a potential driver of the observed performance premia.
"Effects of Workload Allocation per Course on Students' Academic Outcomes: Evidence from STEM Degrees" with C.Aina and G. Casalone.
-Labour Economics, Accepted
"Board Gender Quotas and Outward Foreign Direct Investment: Evidence from France" with V. Gattai and P. Natale.
-Canadian Journal of Economics, vol. 56, no. 4, 2023, pp. 1291-1321
"High School Choices by Immigrant Students in Italy: Evidence from Administrative Data" with G. Argentin, G.P. Barbetta, L.V.A. Colombo, and G. Barbieri.
-The B.E. Journal of Economic Analysis and Policy, vol. 22, no. 3, 2022, pp. 527-572
"The Effect of Giving Credit to Social Enterprises: Evidence from Italy" with G.P. Barbetta.
-Italian Economic Journal, vol. 9, issue 1, 2023, pp. 235-263
"Inward FDI, outward FDI, and firm-level performance in India" with V. Gattai.
-Eurasian Geography and Economics, vol. 64, issue 2, 2023, pp. 139-172
WORKING PAPERS
"Characterising Life-Cycle Dynamics of Annual Days of Work, Wages, and Cross-Covariances"
-Conditionally accepted at the Journal of Economic Inequality
Abstract
This study investigates the dispersion in days worked and wages using a novel semi-parametric specification that minimises assumptions about life-cycle labour income dynamics. After the age of 50, data in Italy show a substantial increase in income inequality, which is remarkably driven by variations in days worked rather than wages. The results demonstrate that after the age of 50, the rise is caused by highly persistent changes in the number of days worked. The study also presents an empirical strategy to decompose the cross-covariances of wages and working days to estimate the joint dynamics between the changes in permanent (transitory) wages and days worked. At the age of 28, a 1% increase in permanent wages increases permanent days worked by 0.45%; at the age of 55, the increase is approximately 0.25%. Despite the strong response of days of work to wage shocks early in careers, the correlation coefficients are weak, indicating that wages only explain a small share of variation in permanent days worked.
"What a Difference an OFDI Makes: Firm-Level Evidence from Europe," with V. Gattai and P. Natale.
-R&R at International Economics
Abstract
This study investigates the effects of outward foreign direct investment (OFDI) on performance. Controlling for self-selection through propensity score matching techniques at baseline in a two-way fixed effect difference-in-differences framework, we determine that OFDI firms exhibit higher productivity, value-added, sales, and profit compared with non-OFDI firms. Heterogeneity analysis by destination reveals that the highest performance premia accrue to firms that invested in non-European Union (EU) countries and developed economies. Heterogeneity analysis by ownership structure shows that OFDI established via joint-venture or wholly owned enterprises have similar, positive performance premia. Furthermore, investing abroad entails no reduction in the parent companies’ number of employees. Finally, we document an increase in research and development expenditure for OFDI firms at both intensive and extensive margins, indicating a potential driver of the observed performance premia.
SELECTED WORK IN PROGRESS
"Can information on labor market outcomes change school choice? Lessons from an RCT," with G. Argentin, G.P. Barbetta and L. Colombo.
"Assessing the redistributive properties of the Italian pension system," with Danilo Cavapozzi. (VisitINPS project)
BOOK CHAPTERS
"Gli studenti di origine straniera e la scelta della scuola superiore," with G. Argentin, G.P. Barbetta, G. Barbieri, and L. Colombo in Massimo Bordignon and Lorenzo Cappellari (eds.), "Per una migliore integrazione: scuola, salute e politica a fronte dell'immigrazione" Vita e Pensiero, Milano, 2022.
"Le scelte scolastiche al termine del primo ciclo di istruzione. Un nodo cruciale per gli studenti di origine immigrata," with G. Argentin, G.P. Barbetta, G. Barbieri, and L. Colombo in Mariagrazia Santagati and Erica Colussi (eds.), "Alunni con background migratorio in Italia. Le opportunità oltre gli ostacoli" Fondazione Ismu, Milano, 2020.
"Dinamica dei Redditi nel Ciclo di Vita," with L. Cappellari and E.Lippo in L. Cappellari, C. Lucifora e A. Rosina (eds.), "Invecchiamento attivo, mercato del lavoro e benessere" Il Mulino, Bologna, 2018.
"Volatilità dei Redditi da Lavoro: Evidenze dagli Archivi INPS," with L. Cappellari in C. Dell’Aringa, C. Lucifora e T. Treu (eds.), "Salari, produttività, disuguaglianze. Verso un nuovo modello contrattuale?" Il Mulino, Bologna, 2017.
"Can information on labor market outcomes change school choice? Lessons from an RCT," with G. Argentin, G.P. Barbetta and L. Colombo.
"Assessing the redistributive properties of the Italian pension system," with Danilo Cavapozzi. (VisitINPS project)
BOOK CHAPTERS
"Gli studenti di origine straniera e la scelta della scuola superiore," with G. Argentin, G.P. Barbetta, G. Barbieri, and L. Colombo in Massimo Bordignon and Lorenzo Cappellari (eds.), "Per una migliore integrazione: scuola, salute e politica a fronte dell'immigrazione" Vita e Pensiero, Milano, 2022.
"Le scelte scolastiche al termine del primo ciclo di istruzione. Un nodo cruciale per gli studenti di origine immigrata," with G. Argentin, G.P. Barbetta, G. Barbieri, and L. Colombo in Mariagrazia Santagati and Erica Colussi (eds.), "Alunni con background migratorio in Italia. Le opportunità oltre gli ostacoli" Fondazione Ismu, Milano, 2020.
"Dinamica dei Redditi nel Ciclo di Vita," with L. Cappellari and E.Lippo in L. Cappellari, C. Lucifora e A. Rosina (eds.), "Invecchiamento attivo, mercato del lavoro e benessere" Il Mulino, Bologna, 2018.
"Volatilità dei Redditi da Lavoro: Evidenze dagli Archivi INPS," with L. Cappellari in C. Dell’Aringa, C. Lucifora e T. Treu (eds.), "Salari, produttività, disuguaglianze. Verso un nuovo modello contrattuale?" Il Mulino, Bologna, 2017.