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Prodotti recenti

Employment and consumption responses to the withdrawal of unemployment benefits

We study the short- and medium-run employment responses to the withdrawals of two programs that expanded the coverage and generosity of unemployment benefits in the U.S. from March to August 2021. That 18 states withdrew unemployment benefits earlier than other states offers a unique policy setting to investigate transitions out of unemployment by race/ethnicity, implications for the quality of job matches, and the persistence of employment effects. Difference-in-differences estimates using p...

Fiscal centralization and spatial inequality in economic mobility in the U.S.

Variation in government spending is a key driver of spatial inequality in social outcomes, including economic mobility. Yet beyond spending levels, the fiscal centralization of subnational governments—i.e., the relative role of higher versus lower-level governments in taxing, spending, and public employment—also differs substantially, traceable to place-specific founding circumstances and path dependent historical trajectories. In this study we ask: is there less spatial inequality in more ce...

Spouses’ health: what happens beyond the widowhood effect?

Objectives. We focus on married couples, and we analyse how the susceptibility and survival of individuals can be influenced by the illnesses and death experienced by their spouses. Methods. We perform a cohort study following married couples (age 65–75 years) from 2001 to 2013. We monitor individual’s susceptibility status and three spouses’ illnesses (i.e. diabetes, cancer, and mental diseases). The methodology used is the Cox regression. Results. The initial cohort is composed of 22,639 co...

Monetary flows for inter-regional health mobility: the case of Italy

This study investigates the dynamics of healthcare mobility in Italy, where citizens have the freedom to access medical treatment across regions. More than half a million patients, primarily from the Southern regions, engage in healthcare mobility, resulting in a total inter-regional transfer of resources amounting to about €3.7 billion in 2019. Leveraging a unique dataset spanning from 2002 to 2019, this research examines financial flows among regions using a network analysis, and identifies...

Time-varying risk aversion and international stock returns

We estimate aggregate, time-varying risk aversion inferred from options, stock returns and macroeconomic data for a panel of 8 countries. We document that, for most countries, the estimated risk aversion measure is counter-cyclical. Moreover, we show that estimated risk aversion forecasts monthly stock index returns up to 12 months ahead. This effect is statistically significant in panel regressions, and it survives the inclusion of additional control variables, such as an estimated of the va...

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ARIC UNIBOCCONI: [29322] Home page macrotipologia

Prodotti recenti

Employment and consumption responses to the withdrawal of unemployment benefits

Fiscal centralization and spatial inequality in economic mobility in the U.S.

Spouses’ health: what happens beyond the widowhood effect?

Monetary flows for inter-regional health mobility: the case of Italy

Time-varying risk aversion and international stock returns

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