Guglielmo is Professor of Econometrics at the University of Padua and a Research Associate of the IFS. His research interests are in consumption, saving and investment choices of households and economics of aging.
Education
PhD Economics, London School of Economics and Political Science, 1988
MSc Econometrics and Mathematical Economics, London School of Economics and Political Science, 1983
Laurea (Summa Cum Laude) Economics, Siena University, 1982
We analyse the pattern of work and other labour market states, such as unemployment and out-of-labour-force, over the life course, by making use of a long retrospective panel of older Europeans.
The paper deals with panel co-operation in a cross-national, fully harmonized face to-face survey. Our outcome of interest is panel co-operation in the fourth wave of the Survey of Health, Ageing and Retirement in Europe.
Reduced muscle strength is an accurate predictor of functional limitations, disability, and mortality. Hence, understanding which socio‐economic factors contribute to preserve muscle strength in old age is central to the design of social policies that help reducing these health risks.
We compute a measure of cognitive decline that predicts well the onset of dementia and investigate how retirement affects cognition given age, education and gender. Retirement at first is beneficial, but can be detrimental to cognition later. In the long run, retirement speeds up cognitive decline if one retires at statutory age, retirement also has a protective role if one takes early retirement.
We estimate the effect of education on lifetime earnings by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals with access to many or few books at home at age 10.
We use life history data covering households in 13 European countries to analyse residential moves past the age of 50. We observe four types of moves: renting to owning, owning to renting, trading up or trading down for homeowners.
Chapter 2 from the book, 'Longer-term Consequences of the Great Recession on the Lives of Europeans', edited by Agar Brugiavini and Guglielmo Weber and published by Oxford University Press in May 2014.
In this paper a rich and innovative dataset, the International Adult Literacy Survey, is used to examine the impact of functional literacy on earnings.
In this article we argue that the life-cycle model that allows demographics to affect household preferences and relaxes the assumption of certainty equivalence can generate hump-shaped consumption profiles over age that are very similar to those observed in household-level data sources.
The authors provide a theoretical framework to analyse the response of life time maximizing consumers to intertemporal prices of non-durable goods and durable goods when the borrowing limit depends on the market value of the stock of durables owned by the consumer.
The authors propose a method to test for liquidity constraints which relies on using the within period marginal rate of substitution condition as a benchmark to evaluate the intertemporal Euler equation.
In this paper the authors show that some of the predictions of models of consumer intertemporal optimization are in line with the patterns of nondurable expenditure observed in U.S. household-level data.
We argue that once one departs from simple classroom example, or 'stripped down life-cycle model', the empirical model for consumption growth can be made flexible enough to fit the main features of the data.
