My current research focuses on the effects of labor institutions and capital market imperfections on investment decisions and labor market outcomes. Another line of research concerns the causes of the Italian economic slowdown of the last decade.
Articles
The effects of environmental policies on the abatement investment decisions of a green firm (with Giuseppe Travaglini), Resource and Energy Economics (2011)
This paper focuses on environmental policies aimed at
rising investment in pollution abatement capital. We...
Firing costs and labor market tightness: Is there any relationship? (with Riccardo Tilli), Research in Economics (2011)
Empirical evidence suggests the existence of a negative relationship between rigidities on the labor market...
The productivity slowdown puzzle. Technological and non technological shocks in the labor market (with Giuseppe Travaglini), International Economic Journal (2009)
In this paper we address the question of whether labor supply shifts are the only...
Financial and labor market imperfections and investment (with Giorgio Calcagnini and Germana Giombini), Economics Letters (2009)
This paper analyses how financial and labor market imperfections jointly influence investment. The contemporaneous presence...
The role and significance of endogenous firing costs in a matching model with endogenous job destruction (with Riccardo Tilli), JOURNAL OF SOCIO-ECONOMICS (2009)
Traditional models of the labor market assume fixed firing costs. This paper explores the implications...
Books
Le radici del declino economico (The roots of Economic Decline) (with Giuseppe Travaglini) (2006)
In this bookwe argue that the slowdown in labor productivity and not the low contribution...
Contributions to Books
Optimal abatement investment and environmental policies under pollution uncertainty (with Giuseppe Travaglini), Frontiers of Economic Growth and Development (2011)
Behavioral Portfolio Choice and Disappointment Aversion (with Giuseppe Travaglini), Nonlinear Dynamics in Economics, Finance and Social Sciences: Essays in Honour of John Barkley Rosser Jr (2010)
The standard portfolio model predicts a large equity position for most
households. Empirical evidence shows...