Local Credit Rating Agencies: Is their economic role underrated?
In: The quarterly review of economics and finance, Band 81, S. 143-156
ISSN: 1062-9769
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In: The quarterly review of economics and finance, Band 81, S. 143-156
ISSN: 1062-9769
In: Marandola, Ginevra. "Local credit rating agencies: Is their economic role underrated?." The Quarterly Review of Economics and Finance (2021).
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In: Economic policy, Band 38, Heft 113, S. 161-188
ISSN: 1468-0327
AbstractThe primary aim of pay transparency measures is to make pay systems less opaque and to reduce the gender pay gap. To investigate the behavioural implications of pay transparency measures, we ran an incentivized online experiment focused on the effects on employees' performance, provision of extra effort and actions to correct pay disparities. We found that overall pay transparency does not disrupt employees' performance. However, by revealing relative wages, it does interfere with the provision of effort and extra effort of employees with a below-average wage. Moreover, we found that pay transparency increased potentially justified requests to correct pay disparities while decreasing unjustified requests. Our evidence also shows that employee's effort and action against unfair pay are more sensitive to lower relative wage with respect to own gender, rather than the other gender. We discuss potential policy implications of these findings and argue that more research should be carried out to better understand the efficiency of transparency measures, with a particular focus on gender reference groups.
In: Marandola, G., & Mossucca, R. (2021). When did the stock market start to react less to downgrades by Moody's, S&P and Fitch?. SN Business & Economics, 1(2), 1-45.
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In: Marandola, G. and Xu, Y., (Mis-)perception of Inequality: Measures, determinants and consequences., EUR 30819 EN, Publications Office of the European Union, Luxembourg, 2021, ISBN 978-92-76-41246-5 (online), doi:10.2760/444832 (online), JRC125781.
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In: Quaderni - Working Paper DSE N° 1066
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In: Journal of European public policy, Band 28, Heft 5, S. 658-676
ISSN: 1466-4429
In: Journal of behavioral and experimental economics, Band 111, S. 102220
ISSN: 2214-8043
In: The economic journal: the journal of the Royal Economic Society, Band 133, Heft 649, S. 323-354
ISSN: 1468-0297
Abstract
Migration may cause, not only a brain drain, but also a 'civicness' drain, leading to a poverty trap. Using migration choices of southern Italian high-school students classified as civic if not cheating in a modified die-roll experiment, we uncover a key role of local civicness (average civicness in the class): a civicness drain is observed only at high and low local civicness. We rationalise this pattern with a model in which civic and uncivic types balance hope versus fear of migration outcomes, taking into account economic gains, risk preferences and their beliefs about being considered civic in the place of destination.
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Working paper
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Working paper