1. Divorce Laws and
Divorce Rate in the U.S. 2013, The B.E. Journal of Macroeconomics, Vol. 13(1), pages 39, August.
2. Until Death Do Us Part? The Economics of Short-Term Marriage Contracts 2014, with G. Ponthiere, Population Review, Vol. 53(1), pp.19-32.
(Selected coverage: PSE "5 articles...en 5 minutes"; Libération; The Toronto Star)
3. Unemployment Duration of Spouses: Evidence From France 2014, LABOUR: Review of Labour Economics and Industrial Relations, Vol. 28(4), pp. 399-429, December.
and Female Labor Supply in Italy 2015, with F. Colonna, IZA Journal of Labor Policy, 4:5 (19 March 2015).
the Prize in Memory of Maria Concetta Chiuri 2011,
(Selected coverage: La Voce; InGenere; Espresso; NoiseFromAmerika; Linkiesta)
5. Welfare and Trade Elasticity with Multinational Production 2019, with P. Bombarda. The World Economy, forthcoming.
6. Marriage Strategy Among the European Nobility 2019, with J. Pouyet and T. Tregouet. Explorations in Economic History, forthcoming. Replication files are available at OpenICPSR.
S. Marcassa, "Se il fisco scoraggia il lavoro delle donne",
Prospettive Sociali e Sanitarie, Anno XLII, Maggio 2012,
Fundamental Pricing of Utility Tokens 2019, with V. Danos and J. Prat
We explain how to evaluate the fundamental price of utility tokens. Our model endogenizes the velocity of circulation of tokens and yields a pricing formula that is fully microfounded. According to our approach, tokens are valuable because they have to be immediately accessible when the platform service is needed, a requirement that is reminiscent of the cash-in-advance constraint in the theory of money.
The Geography of Social Change 2019, with A. Fogli
The US fertility transition is a puzzle in terms of both magnitude and timing. We show that fertility declined faster in counties characterized by a higher outward migration, especially towards the Western frontier. Improved economic opportunities in the West, as higher wages and land availability, provided incentives to migrate. Results are robusts to several measures of fertility and internal migration. Our theory is based on the diffusion of new family values governing intergenerational responsibilities and behavior with respect to saving and fertility. Migration and the lack of remittance technology lowered expected transfers from children, and incentivized precautionary savings of parents.
Intra-Firm Trade, Multinational Production, and Welfare 2017, with P. Bombarda. Thema Working Paper 2017-15
We propose a model where firms have access to competing market strategies: export and multinational production. Due to technological appropriability issues, foreign affiliates import an intermediate input from the home headquarters. The presence of export and multinational production alters the standard results obtained for welfare in heterogeneous firm models, through a double truncation of the productivity distribution. The model is then calibrated to analyze counterfactual scenarios. We find that welfare gains from intra-firm trade range from 0.3 to 7 percent depending on country characteristics.
Work in Progress
The Reallocation of Time in U.S. Households: A Panel Analysis with O. Donni