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In 2011, Italy introduced board gender quotas in listed companies. Comparing within firms before-after reform changes, we document that quotas are associated with a higher share of female board directors, with higher levels of education of board members and a lower share of elderly members. We then use the reform period as an instrument for the share of female directors and find no significant impact on firms’ performance. Interestingly, we find that the share of female directors is associated to a lower variability of stock market prices. We also run event studies on the stock price reaction to the introduction of gender quotas. A positive effect of the quota law on stock market returns emerges at the date of board’s election. Our results are consistent with gender quotas inducing a beneficial renovation of the board, which is positively received by the market.

ABSTRACT This paper investigates the short-term effects on achievement, study behaviours and attitude of an intervention providing extra instruction time to students in lower secondary schools in southern Italy. We use a difference-in-differences strategy and compare two contiguous cohorts of students enrolled in the same class for two consecutive years. We control for sorting of students and teachers across classes using the fact that, due to a recent reform, the group of teachers assigned to each class is stable over time. We find that the programme increased performances in mathematics but found no effect for Italian language test scores; the programme increased positive attitudes towards both subjects. We investigate the heterogeneity of the effects focusing on the gender dimension and  find that boys and girls react differently to the intervention: girls use the extra instruction time as a complement to regular home study, while boys use it as a substitute.

We study the educational choices of children of immigrants in a tracked school system. We first show that immigrant boys in Italy enroll disproportionately into vocational high schools, as opposed to technical and academically-oriented high schools, compared to natives of similar ability. Immigrant girls, instead, choose similar schools as native ones. We then estimate the impact of a large-scale, randomized intervention providing tutoring and career counseling to high-ability immigrant students. Male treated students increase their probability of enrolling into the high track to the same level of natives, also closing the gap in terms of grade retention. There are no significant effects on immigrant females, who exhibit similar choices and performance as native ones in absence of the intervention. Increases in academic motivation and the resulting changes in teachers’ recommendation regarding high school choice explain a sizable portion of the effect, while the effect of increases in cognitive skills is negligible. Finally, we find positive spillovers on immigrant classmates of treated students, while there is no effect on native classmates.

In this paper, we exploit pension reform-induced changes in retirement eligibility requirements to assess the role of grandparental child care availability in the employment of women who have children under 15. We focus on Italy for two reasons: first, it has low rates of female employment and little formal child care provision, and second, it has undergone several pension reforms in a relatively short time span. Our analysis shows that, among the women studied, those whose own mothers are retirement eligible have a 13 percent higher probability of being employed than those whose mothers are ineligible. The pension eligibility of maternal grandfathers and paternal grandparents, however, has no significant effect on the women’s employment probability. We also demonstrate that the eligibility of maternal grandmothers mainly captures the effect of their availability for child care. Hence, pension reforms, by potentially robbing households of an important source of flexible, low-cost child care, could have unintended negative consequences for the employment rates of women with children.

This paper presents measures of differential mortality in Italy by educational level. The results refer to the year 2001 because the census is the only source providing data about population by level of education; as to deaths the data are provided by death certificates. As often happens, in order to compute differential mortality using these period frequencies it was necessary to confront problems both in the use of unlinked records and in relation to limitations in statistical documents; that is why we classified the population in only two groups: one with a low level of education and the other with a high level. We used a logit relational method to build life tables according to the levels of education. Particular attention was given to expectation of life at the ages from 35 to 65. At 35 years of age the expectation of life for a person with a low level of education is about 7.5 years less than for a person of a higher level in case of a male, and 6.5 years less in case of a female. The tendency continues, and at the age of 65 the expectation for those with a lower level is one quarter less in case of males and one fifth less in case of females. We found that a linear relationship exists between life expectancy and standardized rates among the Italian provinces; the same relation is also true for the analogous indicators of differential mortality by educational level.

We consider the case when it is of interest to study the different states experienced over time by a set of subjects, focusing on the resulting trajectories as a whole rather than on the occurrence ofspecific events. Such situation occurs commonly in a variety of settings, for example in social and biomedical studies. Model‐based approaches, such as multistate models or Hidden Markov models, are being used increasingly to analyze trajectories and to study their relationships with a set of explanatory variables. The different assumptions underlying different models typically make the comparison of their performances difficult. In this work we introduce a novel way to accomplish this task, based on microsimulation‐based predictions. We discuss some criteria to evaluate one model and/or to compare competing models with respect to their ability to generate trajectories similar to the observed ones.

Understanding the impact of the COVID-19 pandemic on education requires a solid grasp of the impact of student autonomy on learning. In this paper, we estimate the effect of an increased autonomy policy for higher-performing students on short- and longer-term school outcomes. We exploit an institutional setting with high demand for autonomy in randomly formed classrooms. Identification comes from a natural experiment that allowed higher-achieving students to miss 30 percent more classes without penalty. Using a difference-in-difference-in-differences approach, we find that allowing higher-achieving students to skip class more often improves their performance in high-stakes subjects and increases their university admission outcomes. Higher-achieving students in more academically diverse classrooms exerted more autonomy when allowed to.

ABSTRACT Evidence suggests that the significantly higher life expectancy levels witnessed over the past centuries are associated with a lower concentration of survival times, both cross-country and over time. The purpose of this work is to study the relationships that exist among models for the evolution of survival distributions, longevity measures, and concentration. We first study relationships between concentration and cohort longevity through empirical comparisons. We then propose a family of survival models that can be used to capture such trends in longevity and concentration across survival distributions.

ABSTRACT During the demographic transition that in Europe tended to take place from the early 19th to the end of the 20th century, the population in European countries and its overseas offshoots increased by a factor of five or less, which is low compared to the increase now taking place in most other regions of the world. This study provides simulations showing what global and regional population sizes would be if the rest of the world experienced similar population growth patterns as were observed in Europe. European culture distinguished itself through choices that led to the European marriage pattern, characterized by late marriage, significant shares not marrying, low levels of extramarital childbearing, and comparatively low fertility. One important consequence was the relatively low population growth characterizing the cultures, religions, and ethno-linguistic groups where the European marriage pattern was dominant.

ABSTRACT The aim of this paper is to understand how traditional societies faced a period of general crises and more specifically, which behaviours were adopted to limit the increase of local socio-economic inequality. Thus, this paper focuses on a boundary area (the Geradadda) disputed by Milan and Venice that was constantly crossed and occupied by armies during the long period of the Italian Wars (1494-1559). Analysing the management of local finances, and specifically the local commons, it is possible to show the different ways in which these societies organized themselves and, generally, how economic growth occurred in the early modern period.