1,721,196 research outputs found
La domanda di previdenza complementare
No full textQuesto lavoro incentra l'attenzione sulle componenti di ricchezza privata date dalle pensioni integrative e dalle assicurazioni sulla vita. Si studiano i fattori da cui dipende la partecipazione al mercato della previdenza complementare di un campione rappresentativo di famiglie italiane, esaminando quali sono le caratteristiche individuali che rendono maggiormente probabile tale partecipazione. Successivamente, si illustrano le dinamiche di entrata e di uscita dal mercato assicurativo. Infine, si analizzano gli effetti delle riforme della previdenza sociale sulla propensione a detenere prodotti della previdenza complementare
Households’ saving and debt in Italy
Full text linkWe review savings trends in Italy, summarizing available empirical evidence on Italians’ motives to save, relying on macroeconomic indicators as well as on data drawn from the Bank of Italy’s Survey of Household Income and Wealth from 1984 to 2004. The macroeconomic data indicate that households’ saving has dropped significantly, although Italy continues to rank above most other countries in terms of saving. We then examine with microeconomic data four indicators of household financial conditions: the propensity to save, the proportion of households with negative savings, the proportion of households with debt, and the proportion of households that lack access to formal credit markets. By international comparison, the level of debt of Italian households and default risk are relatively low. But in light of the deep changes undergone by the Italian pension system, the fall in saving is a concern, particularly for individuals who entered the labor market after the 1995 reform and who have experienced the largest decline in pension wealth. JEL Classification: D9
Retirement Expectations, Pension Reforms and Their Effect on Private Wealth Accumulation
No full text
Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence
No full textData revisions and the availability of a longer sample offer the opportunity to reconsider the empirical findings that suggest that in the OECD countries national saving responds non-monotonically to fiscal policy. The paper confirms that the circumstance most likely to give rise to a non-monotonic response of national saving to a fiscal impulse is a "large and persistent impulse", defined as one in which the full employment surplus, as a percent of potential output, changes by at least 1.5 percentage points per year over a two-year period. This particular circumstance remains the only statistically significant one even when we allow for non-monotonic responses to arise when public debt is growing rapidly or interest rate spreads are widening. We find that non-monotonic responses are similar for fiscal contractions and expansions. In particular, an increase in net taxes has no effect on national saving during large fiscal contractions or expansions. For government consumption there is a large, albeit in some specifications less then complete, offset during expansions or contractions
Retirement expectations, pension reforms and their impact on private wealth accumulation
Full text linkWe estimate the effect of pension reforms on households' expectations of retirement outcomes and private wealth accumulation decisions exploiting a decade of intense Italian pension reforms as a source of exogenous variation in expected pension wealth. The Survey of Household Income and Wealth, a large random sample of the Italian population, elicits expectations of the age at which workers expect to retire and of the ratio of pension benefits to pre-retirement income between 1989 and 2002. We find that workers have revised expectations in the direction suggested by the reform and that there is substantial offset between private wealth and perceived pension wealth, particularly by workers that are better informed about their pension wealth. Klassifikation: E21, H5
Topic-Driven Detection and Analysis of Scholarly Data
Full text linkThe chapter presents a topic mining approach that can used for a scholarly data analysis. The idea here is that research topics can emerge through an analysis of epistemological aspects of scholar publications that are extracted from conventional publication metadata, such as the title, the author-assigned keywords, and the abstract. As a first contribution, we provide a conceptual analysis of research topic profiling according to the peculiar behaviours/trends of a given topic along a considered time interval. As a further contribution, we define a disciplined approach and the related techniques for topic mining based on the use of publication metadata and natural language processing (NLP) tools. The approach can be employed within a variety of topic analysis issues, such as country-oriented and/or field-oriented research analysis tasks that are based on scholarly publications. In this direction, to assess the applicability of the proposed techniques for use in a real scenario, a case study analysis based on two publication datasets (one national and one worldwide) is presented
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
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