The gender wage gap by education in Italy

This paper studies the gender wage gap by educational attainment in Italy using the 1994–2001 ECHP data. We estimate wage distributions in the presence of covariates and sample selection separately for highly and low educated men and women. Then, we decompose the gender wage gap across all the wage distribution and isolate the part due to gender differences in the remunerations of the similar characteristics. We find that women are penalized especially if low educated. When we control for sample selection induced by unobservables, the penalties for low educated women become even larger, above all at the bottom of the wage distribution.     

FOSTERING THE BEST EXECUTION REGIME: AN EXPERIMENT ABOUT PECUNIARY SANCTIONS AND ACCOUNTABILITY IN FIDUCIARY MONEY MANAGEMENT

Asset management often involves a conflict of interests between investors and fund managers. A main goal of financial regulators is to identify and mitigate this conflict. This article focuses on measures that may foster protection of investors' interests. In an experiment capturing the essential elements of asset management, we find that managers' accountability does not prevent their opportunistic behavior if not backed by a threat of punishment. Further, investors inefficiently sanction managers if not completely aware of managers' choices. To effectively protect investors in financial intermediations, financial regulators should ensure both managers' accountability and a credible sanctioning system.     

“Beyond GDP” Effects on National Subjective Well-Being of OECD Countries

Some authors claim that maximizing subjective well-being is a more meaningful social objective than maximizing GDP and that other factors beyond income play a major role in defining well-being. In this work, we study two issues connected with this claim, looking at the context of OECD member countries. We look at the crowded category of proposed, “beyond GDP” policy-controlled factors, searching for evidence that some might be major determinants of national average subjective well-being. We also seek to compare any such effect with that of GDP, in order to evaluate if these factors have a better chance of leading to a maximization of well-being than GDP itself. In our analyses, we make use of partial order methods that have been rarely applied to this field of study. They seem particularly appropriate to the case, as well-being and its components are generally theorized as strongly multidimensional while standard modeling strategies require a great deal of compromise when working with many potential regressors and non-trivial levels of multicollinearity.     

The morphogenesis of disability policies and the personalisation of social services. A case study from Italy.

Across Europe, and particularly since the 2008 Financial Crisis, new demands for tailor-made services came from different actors and perspectives: user-led organizations, intellectuals, policy makers, social workers, advocacy organizations, which call for a new way of programming, realizing and evaluating social policies. Personalization became a relevant part of the so called ‘welfare innovation narrative’, which concerns – to name but a few – English personalization agenda, Scottish self-directed support, Finnish education system, Norwegian cash-for-care policies. Even the European Commission is addressing new social services, reshaped through users’ capabilities. The aim of this paper is to critically explain, through a case study focused on the Sardinian disability policy, how social policy's morphogenetic cycles influence the governance of personalized disability plans and, consequently, the possibility of their implementation.     

Justice Sector Reform in Afghanistan: From a ‘Lead Nation’ Approach to a ‘Mixed Ownership’ Regime?

The article describes the policy-making structure which governs the reform of justice in Afghanistan. It is characterized by an evolution from a bilateral to a multilateral approach, aimed at increasing the Afghan ownership. However, observing the system ‘from within’, it seems currently ruled by a mixed regime, being still deeply influenced by external inputs. As a consequence, the final outcome of the process remains uncertain.

Life Expectancy,Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited

This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben‐Porath model with age‐specific survival rates show that an increase in lifetime labor supply is not a necessary, or a sufficient, condition for greater life expectancy to increase optimal schooling. The observed increase in survival rates during working ages that follows from the “rectangularization” of the survival function is crucial for schooling and labor supply. The empirical results suggest that the relative benefits of schooling have been increasing across cohorts of U.S. men born between 1840 and 1930. A simple quantitative analysis shows that a realistic shift in the survival function can lead to an increase in schooling and a reduction in lifetime labor hours.     

Social and Economic Determinants of Reproductive Behavior Before the Fertility Decline. The Case of Six Italian Communities During the Nineteenth Century

In recent decades, main demographic historical research assessed the importance of bio-demographic components in human reproduction, before the diffusion of birth control and contraceptive techniques. According to this dominant view, before fertility decline, marital fertility was mainly regulated by biological and physiological factors and socio-economic factors played only a limited and indirect role. In order to demonstrate the importance of non-biological components, the present study focuses on six pre-transitional communities situated in different geographic areas of Italy. The work aims to demonstrate how fertility levels could significantly be affected by social and economic factors even in natural fertility populations, before the diffusion of contraceptives. Micro-level data are collected from several historical sources, and discrete-time event history models are applied to female reproductive careers in order to estimate effects of socio-economic status, household structure, and price fluctuations on marital fertility, controlling for several bio-demographic factors. Despite clear differences in geographic localization and environment, marital reproductive behavior appeared to be significantly and constantly affected by socio-economic status, household composition, and price levels in all the investigated communities.     

Being of two minds: Ultimatum offers under cognitive constraints

We experimentally investigate how proposers in the Ultimatum Game behave when their cognitive resources are constrained by time pressure and cognitive load. In a dual-system perspective, when proposers are cognitively constrained and thus their deliberative capacity is reduced, their offers are more likely to be influenced by spontaneous affective reactions. We find that under time pressure proposers make higher offers. This increase appears not to be explained by more reliance on an equality heuristic. Analysing the behaviour of the same individual in both roles leads us to favour the strategic over the other-regarding explanation for the observed increase in offers. In contrast, proposers who are under cognitive load do not behave differently from proposers who are not.     

Regulatory Self‐efficacy as a Moderator of Peer Socialization Relating to Italian Adolescents' Alcohol Intoxication

The present study investigated regulatory self‐efficacy (RSE) as a predictor of friendship and adolescent alcohol intoxication and as a moderator of peer socialization processes related to alcohol intoxication. The longitudinal sample included 457 Italian adolescents (262 females and 195 males) ranging in age of 14 to 20 years (M = 16.1 years of age). Sociometric and behavioral data were collected at the beginning and end of the academic school year. Actor‐based models were applied to simultaneously estimate selection and socialization processes accounting for interdependencies among friends' drinking behaviors. The results indicated that adolescents did not select friends with similar levels of alcohol intoxication or RSE, but adolescents did adopt their friends' drinking behaviors. RSE was negatively associated with adolescent drinking behaviors and moderated socialization processes related to alcohol use, with adolescents reporting higher levels of RSE being less likely to adopt their friends' drinking behaviors than adolescents with lower levels of RSE.