if this message does not display correctly, click here | Table of Contents Leonardo Becchetti, University of Rome Tor Vergata - Faculty of Economics
Gianluigi Conzo, University of Rome Tor Vergata - Department of Economics and Finance
Giovanni Trovato, University of Rome Tor Vergata - Faculty of Economics Barbara Annicchiarico, University of Rome, Tor Vergata - Department of Economics and Finance, University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS)
Marco Carli, University of Rome Tor Vergata - Department of Economics and Finance, Government of the Italian Republic (Italy) - Ragioneria Generale dello Stato (RGS)
Francesca Diluiso, Mercator Research Institute on Global Commons and Climate Change (MCC) Marianna Brunetti, Dept. Economics and Finance, University of Rome Tor Vergata, CEFIN
Rocco Ciciretti, Tor Vergata University of Rome - Department of Economics and Finance
Monica Gentile, CONSOB (Commissione Nazionale per le SocietĂ e la Borsa)
Nadia Linciano, Commissione Nazionale per le Societa e la Borsa (CONSOB)
Paola Soccorso, Commissione Nazionale per le Societa e la Borsa (CONSOB) | |
CEIS: CENTRE FOR ECONOMIC & INTERNATIONAL STUDIES
Furio Camillo Rosati - Director "The Social Value of Health: Amenable Deaths and Estimated the Gap with the Life Expectancy Frontier" 
CEIS Working Paper No. 542 LEONARDO BECCHETTI, University of Rome Tor Vergata - Faculty of Economics
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GIANLUIGI CONZO, University of Rome Tor Vergata - Department of Economics and Finance
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GIOVANNI TROVATO, University of Rome Tor Vergata - Faculty of Economics
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We estimate the life expectancy gap that can be bridged by improving the quality of public health and health care policies at EU level. Our model calculates the net effect of amenable deaths on life expectancy after controlling for fixed effects (capturing time invariant country specific factors affecting the dependent variable independently from amenable deaths such as local environmental conditions and genetic factors) and time dummies (capturing global trends such as scientific and medical progress that “lift up” life expectancy independently from the quality of domestic health systems) in a model that accounts for more than 80 percent of the overall variability of life expectancy across years. We as well find evidence of beta convergence in amenable deaths across countries in our sample period. Based on our coefficients we estimate the life expectancy gap that countries with lower quality health systems can bridge if catching up and reaching the existing health quality frontier, computing the social value of that upside potential. "Climate Policies, Macroprudential Regulation, and the Welfare Cost of Business Cycles"
CEIS Working Paper No. 543 BARBARA ANNICCHIARICO, University of Rome, Tor Vergata - Department of Economics and Finance, University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS)
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MARCO CARLI, University of Rome Tor Vergata - Department of Economics and Finance, Government of the Italian Republic (Italy) - Ragioneria Generale dello Stato (RGS)
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FRANCESCA DILUISO, Mercator Research Institute on Global Commons and Climate Change (MCC)
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We study the performance of alternative climate policies in a dynamic stochastic general equilibrium model that includes an environmental externality and agency problems associated with financial intermediation. Heterogeneous polluting producers finance their capital acquisition by combining their resources with loans from banks, are subject to environmental regulation, are hit by idiosyncratic shocks, and can default. The welfare analysis suggests that a cap-and-trade system will entail substantially lower costs of the business cycle than a carbon tax if financial frictions are stringent, firm leverage is high, and agents are sufficiently risk-averse. Simple macroprudential policy rules can go a long way in reining in business cycle fluctuations, aligning the performance of price and quantity pollution policies, and reducing the uncertainty inherent to the chosen climate policy tool. "Attitude Towards Financial Planning of Italian Households"
CEIS Working Paper No. 544 MARIANNA BRUNETTI, Dept. Economics and Finance, University of Rome Tor Vergata, CEFIN
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ROCCO CICIRETTI, Tor Vergata University of Rome - Department of Economics and Finance
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MONICA GENTILE, CONSOB (Commissione Nazionale per le SocietĂ e la Borsa)
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NADIA LINCIANO, Commissione Nazionale per le Societa e la Borsa (CONSOB)
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PAOLA SOCCORSO, Commissione Nazionale per le Societa e la Borsa (CONSOB)
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Employing structured financial planning to manage personal finances on is associ-ated with higher levels of financial well-being and increased ability to react to shocks. Therefore, it is important to understand the factors associated with the propensity to plan and what it is that promotes financial planning. Our empirical evidence for a sample of Italian households shows a poor inclination for financial planning. CONSOB Survey data on the financial investments made by of Italian household (or FIIH) are used to estimate a probit model which shows a positive association between financial planning and financial knowledge, and the relevance of personal traits such as financial anxiety and financial self-efficacy, financial control (control over savings, spending and indebtedness) and financial conditions. The findings provide useful insights for financial decision-makers in the con-text of financial education initiatives and client-intermediary relationship aimed at pro-moting appropriate attitudes and choices towards managing money. | | ^top
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