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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.

The paper analyses the impact of grandparenting on individuals' fertility behaviour using longitudinal data from eleven European countries. In particular, we focus on how siblings may share and compete for grandparents' time in terms of childcare. By considering different family scenarios, we show that availability of grandparenting play an important role in individuals' decision making for having children. Grandparenting is particularly important in the South of Europe where public childcare is limited and here we see a large impact of grandparenting on fertility.

Using data from seven countries drawn from the Generations and Gender Survey, we study the relationship between informal childcare provided by grandparents and mothers' employment. The extent of formal childcare varies substantially across European countries and so does the role of grandparents in helping out rearing children. The extent of grandparenting also depends on their attitudes, which in turn relate to social norms and availability of public childcare, and hence the country context where individuals reside matters considerably. Within families, attitudes toward childcare are associated with attitudes towards women's working decisions. The fact that we do not observe these attitudes may bias the estimates. By using instrumental variable techniques we find that only in some countries mothers' employment is positively and significantly associated with grandparents providing childcare. In other countries, once we control for unobserved attitudes we do not find this effect.

We empirically investigate the determinants of the female decision of investing in post-secondary education, focusing on the role played by the context where young women take their education decision. We first develop a stylized two-period model to analyse the female decision of investing in education and highlight two main determinants: the time to be devoted to child care and the probability of working in a skilled job. We then use data on educational decisions of women in the 17-21 age group drawn from EU-Silc, available for the years 2004-2008. From the same survey we construct context indicators at the regional level, and exploit regional variability to identify how women's educational investment reacts to changes in the surrounding context. We find that the share of working women with children below 5 and the share of women with managerial positions or self-employed positively affect the probability that women enrol in post-secondary education. The same does not hold for men.

In this paper we analyse the relationship between happiness and childbearing taking a comparative perspective. We argue that fertility and happiness are somewhat linked and we investigate whether there are important differences across European countries. Using happiness as a welfare measure offers important benefits over income especially when interest lies in understanding how individuals' wellbeing is associated with childbearing outcomes. We use the European Social Survey (ESS) and apply simple regression techniques, controlling for country differences, and find indeed a positive and significant association between happiness and childbearing. However, parents do not appear to be consistently happier in some countries than in others. The final set of analyses reveals a very strong interconnection between, childbearing, partnership and happiness.

Scarcity of female academics has been well documented for math-intensive or STEM fields. We investigate whether a lack of female instructors creates a demand for diversity on the student side. In an incentivized instructor-choice experiment on MTurk, we experimentally vary the gender balancedness of the instructor pool and let participants choose one additional instructor among one male and one female. We find that only women are more likely to choose the female instructor when the pool of instructors is male-dominated, suggesting that female students appreciate a more balanced instructor pool if female professors are scarce. We further document that women also appreciate diversity (though to a lesser extent) if the scarce gender is of the opposite sex. In contrast, men only appreciate diversity if the scarce gender is their own.

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.

ABSTRACT This paper examines how companies’ capital structure is affected by the corporate income tax system. Our analysis employs confidential company-level corporation tax return data in the UK. Our main identification strategy is based on variation in companies␣ marginal tax rates due to the existence of kinks in the corporate tax rate schedule. Using a dynamic adjustment model of capital structure, we find a positive and substantial long-run tax effect on companies' financial leverage. We show that there are considerable discrepancies between estimates of taxable profits reported in tax return data and in financial statements and that the estimated tax effect on capital structure using financial statements is likely to be biased downward. We find that companies adjust their capital structures gradually in response to changes in the marginal tax rate. Moreover, we find that the external leverage of domestic stand-alone companies and of multinational companies responds strongly to corporate tax incentives

We define as populist a party that champions short-term protection policies without regard for their long-term costs. First, we study the demand for populism: we analyze the drivers of the populist vote using individual level data from multiple waves of surveys in Europe. Individual voting preferences are in uenced directly by different measures of economic insecurity and by the decline in trust in traditional parties. However, economic shocks that undermine voters' security and trust in parties also discourage voter turnout, thus mitigating the estimated demand of populism when ignoring this turnout selection. Economic insecurity affects intentions to vote for populist parties and turnout incentives also indirectly because it causes trust in parties to fall. Second, we study the supply side: we find that populist parties are more likely to appear when the drivers of demand for populism accumulate, and more so in countries with weak checks and balances and with higher political fragmentation. The non-populist parties' policy response is to reduce the distance of their platform from that of new populist entrants, thereby magnifying the aggregate supply of populist policies.