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Since November 6$^{\mathrm{th}}$, 2020, Italian regions have been classified according to four levels, corresponding to specific risk scenarios, for which specific restrictive measures have been foreseen. By analyzing the time evolution of…

This paper analyses how firms' skill development strategies affect their propensity to introduce innovation. We develop an adjustment-cost framework that links human capital theory and institutionalist and evolutionary approaches,…

General Economics · Economics 2026-03-06 Davide Antonioli , Elisa Chioatto , Giovanni Guidetti , Riccardo Leoncini , Mariele Macaluso

The availability of affordable and high-quality childcare services has become a significant concern in recent years. Such services can facilitate the balance between work and family life, increasing participation in the workforce and…

Applications · Statistics 2024-01-17 Andreella Angela , Aliverti Emanuele , Caldura Federico , Campostrini Stefano

We develop a continuous-time principal-agent model of gig work, where contractual flexibility allows the employer to adjust fixed pay and output-based incentives dynamically. The worker's participation depends on a backward-looking…

General Economics · Economics 2025-09-03 Zsolt Bihary , Péter Csóka , Péter Kerényi , Alexander Szimayer

We examine the impact of labour law deregulations in the Indian state of Rajasthan on plant employment and productivity. In 2014, after a long time, Rajasthan was the first Indian state that introduced labour reforms in the Industrial…

General Economics · Economics 2020-12-03 Diti Goswami , Sourabh Bikas Paul

We develop a minimalist compartmental model to study the impact of mobility restrictions in Italy during the Covid-19 outbreak. We show that an early lockdown shifts the epidemic in time, while that beyond a critical value of the lockdown…

Tourism consumption has grown into a major economic factor for modern societies. However, the environmental impact of tourism has become a significant concern, leading to an increased focus on sustainable tourism policies. While governments…

Physics and Society · Physics 2024-04-16 Riccardo Gianluigi Serio , Maria Michela Dickson , Thomas de Graaff , Eric H. Pels

The European Credit Research Institute Research Report 2013 identifies Households debt "rapid increase and abrupt retrenchment" among the causes of macroeconomic instability in the European Union after 2008. In our research: i) we accessed…

Economics · Quantitative Finance 2014-04-30 Stefano Olgiati , Gilberto Bronzini , Alessandro Danovi

Despite the widespread implementation of conditional cash transfers in low- and middle-income countries, evidence on their long-term effects remains limited. This paper evaluates the impact of Ecuador's Human Development Grant on the formal…

General Economics · Economics 2025-11-25 Juan Ponce , José-Ignacio Antón , Mercedes Onofa , Roberto Castillo

Deterministic frequency deviations (DFDs) are systematic and predictable excursions of grid frequency that arise from synchronized generation ramps induced by electricity market scheduling. In this paper, we analyze the impact of the…

Physics and Society · Physics 2026-02-11 Philipp C. Böttcher , Carsten Hartmann , Andrea Benigni , Thiemo Pesch , Dirk Witthaut

We amend and extend the Chiarella model of financial markets to deal with arbitrary long-term value drifts in a consistent way. This allows us to improve upon existing calibration schemes, opening the possibility of calibrating individual…

Trading and Market Microstructure · Quantitative Finance 2026-02-11 Jutta G. Kurth , Adam A. Majewski , Jean-Philippe Bouchaud

The use of data-driven decision support by public agencies is becoming more widespread and already influences the allocation of public resources. This raises ethical concerns, as it has adversely affected minorities and historically…

Machine Learning · Computer Science 2023-02-03 Sebastian Scher , Simone Kopeinik , Andreas Trügler , Dominik Kowald

The research is done in the context of the upcoming introduction of new European legislation for the first time for regulation of minimum wage at European level. Its purpose is to identify the direction and strength of the correlation…

General Economics · Economics 2022-11-28 Shteryo Nozharov , Petya Koralova-Nozharova

In 2015, Germany introduced a national minimum wage. While the literature agrees on at most limited negative effects on the overall employment level, we go into detail and analyze the impact on the working hours dimension and on the subset…

General Economics · Economics 2024-05-22 Mario Bossler , Ying Liang , Thorsten Schank

Dynamic decisions are pivotal to economic policy making. We show how existing evidence from randomized control trials can be utilized to guide personalized decisions in challenging dynamic environments with budget and capacity constraints.…

Econometrics · Economics 2024-11-26 Karun Adusumilli , Friedrich Geiecke , Claudio Schilter

This study uses a randomized control trial to evaluate a new program for increased labor market integration of refugees. The program introduces highly intensive assistance immediately after the residence permit is granted. The early…

General Economics · Economics 2023-11-17 Matz Dahlberg , Johan Egebark , Gülay Özcan , Ulrika Vikman

Integrating energy islands into the European electricity market is a key challenge for the energy transition. This study investigates the impact of the Sorgente-Rizziconi interconnector on electricity price volatility in Sicily. Before its…

Applications · Statistics 2026-05-25 Francesco Lisi , Pierdomenico Duttilo , Marina Bertolini

Italy has been one of the first countries timewise strongly impacted by the COVID-19 pandemic. The adoption of social distancing and heavy lockdown measures is posing a heavy burden on the population and the economy. The timing of the…

Applications · Statistics 2020-05-06 Emanuele Borgonovo , Xuefei Lu

Several studies have established the predictive power of the yield curve in terms of real economic activity. In this paper we use data for a variety of E.U. countries: both EMU (Germany, France, Italy) and non-EMU members (Sweden and the…

General Finance · Quantitative Finance 2010-05-11 Periklis Gogas , Ioannis Pragidis