Last modified: 2019-06-15
Abstract
ABSTRACT - This paper analyses the possible link between income inequality and the level of illegality present in two areas of social and economic life (homicides and irregular work) in Italy. The results of an econometric analysis at the regional level show that the presence of irregular work and a high rate of homicides are responsible for an overall decrease in income, which is particularly pronounced for low incomes, leading to an increase in inequality.
JEL codes: D31, J01, K4
Keywords: income inequality, irregular economy, crime, Italy
discussant: Gaetano PeroneHow much should we trust crime statistics? A comparison between EU and USBuonanno, Paolo; Drago, Francesco; Galbiati, Roberto; Vertova, Pietro*
ABSTRACT - We discuss measurement issues in crime rates in a cross-country comparative perspective. We show that while homicide and general crime rates follow quite similar patterns in the US this is not always the case in Europe. We provide an explanation of the observed patterns based on the use of fire harms.
discussant: Enzo Valentini
The P2 Lodge and the Italian Financial Market. An empirical analysisLucarelli, Stefano*; Perone; Gaetano
ABSTRACT - We investigate the rule that the P2, the well-known Italian clandestine masonic lodge, had in the economic developments in the country. Considering all firms listed on the Milan Stock Exchange, we analyse the interlocking directorates between the banks and firms infiltrated and not infiltrated by the P2. Our results show that in the 1980-1981 period firms infiltrated by the P2 accounted for the most part of the connections and exhibited higher network centrality. Since 1982 there is a general scaling-down of these firms: an event consistent with negative impact of the public discovery of the P2 lodge during 1981.
JEL codes: N24, K4, G14, P12
Keywords: Loggia P2; freemasonry; interlocking directorates; Italy
discussant: Orsola Costantini