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Syllabus

EN IT

Learning Objectives

LEARNING OUTCOMES:
knowledge of frontier empirical approaches to hypothesis testing in applied economic papers

KNOWLEDGE AND UNDERSTANDING:
Knodledge and understanding of statistic and econometric approaches for research hypothesis testing in applied economics

APPLYING KNOWLEDGE AND UNDERSTANDING:
Capacity of autonomous and original understanding and presentation of research papers in applied economics

MAKING JUDGEMENTS:
Understanding of contents of scientific papers and evaluation of their quality in terms of methodologies

COMMUNICATION SKILLS:
powerpoint presentation of scientific papers on applied economics

LEARNING SKILLS:
capacity of studying and understanding scientific papers in applied economics
capacity of sketching a research project to test a research hypotheesis

LEONARDO BECCHETTI

Prerequisites

Base knowledge of statistics and econometrics

Program

TOPICS IN APPLIED ECONOMICS
1) The research on subjective wellbeing: life satisfaction/happiness indicators, methodological issues, empirical findings and policy implication
This part of the course deals with applied research on subjective wellbeing. The research developed from the well-known observation of the decoupling between GDP growth and the share of very happy people (Easterlin paradox). We will explain how life satisfaction is measured using cognitive, affective and eudaimonic indicators up to the novel generativity measures. We well deal with methodological issues and empirical research with special focus to the: gender happiness paradox, happiness and health, happiness and education, happiness and relative income). We will conclude on insights and policy implications for the definition of wellbeing indicators
2) Empirical research on corporate social responsibility

The old idea of benevolent planners solving market failures (differences between private and social optimum) has given way to a new more articulated welfare paradigm that takes into account the weakness, conflicts of interest and capture of domestic institution in the global economic system. Corporate social and environmental responsibility thereby emerged as a four-handed approach whether the role of the invisible hand of market mechanisms and the visible hand of institutions is complemented by the third hand of corporate responsibility and the fourth hand of active citizenship that votes with the wallet. In this part of the course we examine some methodological aspects, empirical findings and policy implications of research on corporate social responsibility.

Books

Powerpoint presentations
There are no textbooks for the topic
The reference list will be made by a series of published papers that are more updated than textbooks

Bibliography


Easterlin R.A. and Angelescu L., (2009). Happiness and growth the world over: Time series evidence on the happiness-income paradox. IZA Discussion Paper, (4060).
Erikson, E.H. Childhood and Society. (2nd ed.). New York: Norton; 1993.
Erikson, EH & Erikson, JM. The Life Cycle Completed. New York: Norton; 1998.
Frey, B., Luechinger, S. and A. Stutzer, (2009). The life satisfaction approach to the value of public goods: the case of terrorism. Public Choice, 138:317–345.
Frey, B. S. and Stutzer, A., (2000). Happiness, economy and institutions. The Economic Journal, 110, 918–938.
Frey, B. and A. Stutzer, (2002), What can Economists learn from Happiness Research, Journal of Economic Literature, vol. 40, pp. 402-435.
Ferrer-i-Carbonell, A. (2005). Income and Well-being: An Empirical Analysis of the Comparison Income Effect. Journal of Public Economics, 895-6,: 997-1019.
Becchetti L., Ciciretti R., Dalo, A., 2018, Fishing the Corporate Social Responsibility Risk Factors, Journal of Financial Stability, Vol. 37, pp. 25-48,

Becchetti L. Pelloni A. Rossetti F., 2008, Relational Goods, Sociability, and Happiness, Kyklos International Review for social sciences, v. 61, iss. 3, pp. 343-363.

Becchetti L. Rossetti F., 2009, When money does not buy happiness: the case of “frustrated achievers” Journal of Socioeconomics vol. 38(1), pages 159-167.

Becchetti L., Trovato G, Londono Bedoya D.., 2009, Income, relational goods and happiness, Applied Economics, vol. 43(3), pages 273-290.

Becchetti L. (Savastano S.), 2010, The money-happiness relationship in transition countries: evidence from Albania, Transition Studies Review vol. 17(1), pages 39-62

Becchetti L. and Degli Antoni G. (2010), The Sources of Happiness: Evidence from the Investment. Game, Journal of Economic Psychology, 31, pp.498-509

Becchetti, L., Massari R. and Naticchioni, P., 2013, The drivers of happiness inequality: suggestions for promoting social cohesion Oxford Economic Papers, Volume 66, Issue 2, 1 April 2014, Pages 419–442.

Becchetti L., Pisani F., 2014, Family money, relational life and (class) relative wealth: an empirical analysis on life satisfaction of secondary school students, Journal of Happiness Studies, Vol. 15, (3), pp 503–525.

Becchetti L., Castriota S., Corrado L., Giachin Ricca E., 2013, Beyond the Joneses: Inter-country income comparisons and happiness, Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 45, (C), p. 187-195.

Becchetti, Leonardo, Maria Jua Bachelet, and Fabio Pisani. "Eudaimonic happiness as a leading health indicator: cross-country European evidence." Applied Economics (2020): 1-19.

Becchetti L. Bellucci, D., 2019, “Generativity and subjective wellbeing” CEFIM working paper n.144 and AICCON working paper n. 169, International Review of Economics, forth.

Becchetti L.,Ciciretti R., Giovannelli A., 2013, Corporate Social Responsibility and earnings forecasting unbiasedness Journal of Banking and Finance, Vol. 37, (9), pp. 3654-3668.

Teaching methods

Presentation of key research paper on some key economic topics and explanation of empirical approches adopted

Exam Rules

Presentation of essays and research papers on the topics covered by the course
Essays will be marked by the professor on a 0-30 scale

JAIME ARELLANO-BOVER

Program

TOPICS IN APPLIED ECONOMICS
1) The research on subjective wellbeing: life satisfaction/happiness indicators, methodological issues, empirical findings and policy implication
This part of the course deals with applied research on subjective wellbeing. The research developed from the well-known observation of the decoupling between GDP growth and the share of very happy people (Easterlin paradox). We will explain how life satisfaction is measured using cognitive, affective and eudaimonic indicators up to the novel generativity measures. We well deal with methodological issues and empirical research with special focus to the: gender happiness paradox, happiness and health, happiness and education, happiness and relative income). We will conclude on insights and policy implications for the definition of wellbeing indicators
2) Empirical research on corporate social responsibility

The old idea of benevolent planners solving market failures (differences between private and social optimum) has given way to a new more articulated welfare paradigm that takes into account the weakness, conflicts of interest and capture of domestic institution in the global economic system. Corporate social and environmental responsibility thereby emerged as a four-handed approach whether the role of the invisible hand of market mechanisms and the visible hand of institutions is complemented by the third hand of corporate responsibility and the fourth hand of active citizenship that votes with the wallet. In this part of the course we examine some methodological aspects, empirical findings and policy implications of research on corporate social responsibility

Exam Rules

Presentation of essays and research papers on the topics covered by the course