Social services and deviation from the Bismarckian model in Italy: the absence of a nationwide trend of change

This article analyses the processes of deviation from the Bismarckian welfare model in Italy, with a focus on social assistance. The sector was reformed in 2000, with new service provision functions being assigned to local institutions and the affirmation of a universalistic principle of access. However, an analysis of social expenditure data and a review of the process of implementation of the reform demonstrate that many local governments have been unable to enact the innovation and that a homogeneous nationwide trend of deviation from the Bismarckian tradition is absent. This absence is explained by looking both at the local institutional arrangements that have historically characterized the different Italian territories and at the present relationships among national, regional, and local governments.     

Mutual-Fund Benchmarking and Market Bubbles: A Behavioral Approach

Dynamics of equity risk premium is not directly measurable on the market. Numerous studies and empirical research analyse its volatility also considering the time span, concluding that the dynamics of equity risk premium over time is inversely proportional to the economic cycle. This study analyses the passive role that, implicitly, would place institutional investors in such a context. In reality, savings management is delegated to a small number of professional operators (institutional investors), as opposed to pure theoretical models in which every person can act directly on the market thus ensuring unlimited price elasticity. Institutional investors should be rational and completely informed so that they can assume an anticyclical position on the market. Thus, supply and demand should quickly smooth over emerging price pressures and avoid price bubbles. We analyse one possible explanation for this situation not to occur, namely, that professionals suffer from operational limits that prevent them from doing their job in the best possible way. Using empirical evidence from the Italian Stock Exchange (Comit Index), we conclude that three factors reduce the freedom of institutional investors to manage their portfolios – the market target size, the fund structure, and the benchmarking – and discuss some implications for each of them.     

Joint decisions on household membership and human capital accumulation of youths. The role of expected earnings and local markets

This paper analyses the effects of expected earnings and local markets conditions on the behaviour of young adults with high school diplomas. Decisions to either remain in the parental home or form a new household are modelled jointly with those of either gaining work experience or investing in a university education. Expected lifetime earnings are found to play a crucial role in determining the choice of studying and residing with parents. Poor labour market opportunities discourage young people from working and induce them to study. The cost of housing greatly influences the choice of working and leaving the parental home. Received: 23 March 2001/Accepted: 26 November 2001 All correspondence to Gianna Claudia Giannelli. Helpful comments by two anonymous referees are gratefully acknowledged. Responsible editor: John F. Ermisch.     

Employment and Earnings Expectations of Jobless Young Skilled: Evidence from Italy

Quality of Life (QoL) is a multi-dimensional idea that includes various distinctive dimensions and its estimation is considered as an essential factor for policy assessment. The study estimates the inter-district variation in QoL in Pakistan by using a data set of Household Integrated Economic Survey of 2010–2011. Objective and subjective indices are constructed to measure QoL with 7 domains and 31 indicators within 89 districts of Pakistan by employing the principal component analysis. The leading result of the study reveals that top ranked district is Jhelum in term of QoL and Tharparkar is at the bottom. The analysis also reveals that the most of the top ranked districts are located in Punjab province. This reflects the better performance of the province in term objective and QoL indices. Whereas, the districts of Balochistan emerge at the lower end in terms of objective and QoL indices. Majority districts of Punjab shows a modest level of satisfaction regarding the facilities provided by the government and the least satisfied districts belong to KPK and Sindh. It is interesting to identify that disparity in the objective index and subjective perceptions are representing QoL differences.

     

A Gender Lens on Quality of Life: The Role of Sense of Community,Perceived Social Support,Self-Reported Health and Income

Quality of life (QoL) refers to a subjective evaluation that is embedded in a cultural, social and environmental context. It is a multidimensional concept and its assessment covers four domains: physical health, psychological health, social relationships, and environment. Although many studies report on QoL, literature rarely addressed the question of the QoL predictors from a gender perspective. Present study aimed at investigating gender differences in the determinants of QoL. Specifically, gender was considered as a moderator in the relationship between predictors of QoL (i.e. socio-demographic characteristics, perceived health, income, social support and sense of community) and each dimension of QoL. 654 Italian adults participated in the study. Results show that men outscore women on the physical, the psychological and the environmental domains of QoL. Considering determinants of QoL, sense of community and self-reported health operate in a similar fashion for both genders. On the contrary, social support is more predictive for women’s QoL, whereas the income level is more significant for men’s QoL. Implications are discussed.     

Working precarious careers trajectories: tracing neoliberal discourses in younger workers’ narratives

ABSTRACT

The aim of this article is to explore how, in the context of the post Global Financial Crisis (GFC), some Italian younger workers in a specific geographical region in Italy recount their work trajectories. Drawing on narrative interviews with ten participants (aged between 24 and 30) as part of a research project carried out in the Autonomous region of Aosta Valley in Italy, the article traces discourses closely associated with neoliberalism – the discourses of the entrepreneurial self, employability and self-responsibilisation – through which subjects’ work experiences take shape. Moreover, the analysis highlights how locality, one’s personal relation with the geographical territory, makes more complex the younger people’s negotiations in crafting themselves vis-à-vis precarious employment opportunities and wider socio-economic dynamics in respect of precarious employment opportunities.