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Author: Gallipoli, Giovanni
Resulting in 3 citations.
1. Abbott, Brant
Gallipoli, Giovanni
Meghir, Costas
Violante, Giovanni L.
Education Policy and Intergenerational Transfers in Equilibrium
NBER Working Paper No. 18782, National Bureau of Economic Research, February 2013.
Also: http://www.nber.org/papers/w18782
Cohort(s): Children of the NLSY79, NLSY79, NLSY97
Publisher: National Bureau of Economic Research (NBER)
Keyword(s): Armed Forces Qualifications Test (AFQT); Credit/Credit Constraint; Current Population Survey (CPS) / CPS-Fertility Supplement; Educational Costs; Financial Assistance; I.Q.; Intergenerational Patterns/Transmission; Panel Study of Income Dynamics (PSID); Peabody Individual Achievement Test (PIAT- Math); Transfers, Family; Transfers, Financial

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/ saving decisions. Altruistic parents make inter vivos transfers to their children. Labor supply during college, government grants and loans, as well as private loans, complement parental transfers as sources of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by two percentage points in the long-run. Any further relaxation of government-sponsored loan limits would have no salient effects. The short-run partial equilibrium effects of expanding tuition grants (especially their need-based component) are sizeable. However, long-run general equilibrium effects are 3-4 times smaller. Every additional dollar of government grants crowds out 20-30 cents of parental transfers.
Bibliography Citation
Abbott, Brant, Giovanni Gallipoli, Costas Meghir and Giovanni L. Violante. "Education Policy and Intergenerational Transfers in Equilibrium." NBER Working Paper No. 18782, National Bureau of Economic Research, February 2013.
2. Fellay, Giulio
Gallipoli, Giovanni
Education and Crime Over the Life Cycle
Working Paper, Department of Economics, University of British Columbia, [N.D.].
Also: http://faculty.arts.ubc.ca/ggallipoli/papers/fella_gallipoli.pdf
Cohort(s): NLSY79
Publisher: Department of Economics, University of British Columbia
Keyword(s): Crime; Education; Endogeneity; Heterogeneity; High School Completion/Graduates; Life Cycle Research; Poverty; Welfare

Permission to reprint the abstract has not been received from the publisher.

We develop an overlapping-generation, life-cycle model with endogenous education and crime choices. Education and crime depend on different dimensions of heterogeneity. We apply the model to property crime and calibrate it to U.S. data. We compare two policies: subsidizing high school completion and increasing the length of prison sentences. We find that targeting crime reductions through increases in high school graduation rates entails large efficiency and welfare gains. These gains are absent if the same crime reduction is achieved by increasing the length of sentences. The cost-effectiveness of high school subsidies increases significantly if they are targeted at the wealth poor. We find that general equilibrium effects explain half of the reduction in crime from subsidizing high school and are non-negligible even for interventions targeted at low levels of wealth. Crucially, the effect of small equilibrium price changes is magnified by their interaction with the underlying individual heterogeneity.
Bibliography Citation
Fellay, Giulio and Giovanni Gallipoli. "Education and Crime Over the Life Cycle." Working Paper, Department of Economics, University of British Columbia, [N.D.].
3. Gallipoli, Giovanni
Yedid-Levi, Yaniv
Revisiting the Relationship Between Unemployment and Wages
Presented: Chicago IL, American Economic Association Annual Meeting, January 2017
Cohort(s): NLSY79
Publisher: American Economic Association
Keyword(s): Occupations; Performance pay; Unemployment Rate; Wages

Permission to reprint the abstract has not been received from the publisher.

We investigate the empirical relationship between wages and labor market conditions. Following work histories in the NLSY79 we document that the relationship between wages and unemployment rate differs across occupations. The results hold after controlling for unobserved match quality. This suggests that evidence about history dependence of wages obtained from pooled samples conceals significant differences and provides an imprecise description of earning dynamics. We examine these discrepancies and offer new evidence suggesting that the sensitivity of wages to current unemployment is linked to the prevalence of performance pay.
Bibliography Citation
Gallipoli, Giovanni and Yaniv Yedid-Levi. "Revisiting the Relationship Between Unemployment and Wages." Presented: Chicago IL, American Economic Association Annual Meeting, January 2017.