Tullio Jappelli

Director of CSEF and Professor of Economics

University of Naples Federico II

Email: tullio.jappelli@unina.it
Repec page: Tullio Jappelli

Department of Economics and Statistics
Via Cintia Monte S. Angelo
80126 Napoli, Italy
Tel: +39 081 675042
Fax: +39 081675014

CSEF working papers

Tullio Jappelli, Ettore Savoia, and Alessandro Sciacchetano
#734 - Intertemporal MPC and Shock Size
Luigi Guiso and Tullio Jappelli
#732 - Anatomy of Consumption Risk
Luigi Guiso and Tullio Jappelli
#723 - Are People Willing to Pay to Prevent Natural Disasters?
Luigi Guiso and Tullio Jappelli
#722 - The Italian Survey of Consumer Expectations: Statistical Bulletin
Daniele Checchi, Tullio Jappelli, Immacolata Marino, Annalisa Scognamiglio
#679 - Inequality Trends in a Slow-Growing Economy: Italy 1990-2020
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, and Geoff Kenny
#652 - Wealth Shocks and Portfolio Choice
Giovanni Immordino, Tullio Jappelli, and Tommaso Oliviero
#647 - Consumption and Income Expectations during Covid-19
Giovanni Immordino, Tullio Jappelli, Tommaso Oliviero and Alberto Zazzaro
#601 - Fear of COVID-19 Contagion and Consumption: Evidence from a Survey of Italian Households
Dimitris Christelis, Dimitris Georgarakos and Tullio Jappelli
#594 - Financial Risk Taking and Differential Bargaining Power Within the Household
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Geoff Kenny
#590 - The Covid-19 Crisis and Consumption: Survey Evidence from Six EU Countries
Tullio Jappelli and Luigi Pistaferri
#574 - Permanent Income Shocks, Target Wealth, and the Wealth Gap
Mario F. Carillo and Tullio Jappelli
#568 - Pandemics and Local Economic Growth: Evidence from the Great Influenza in Italy
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, Luigi Pistaferri and Maarten van Rooij
#531 - Wealth Shocks and MPC Heterogeneity
Tullio Jappelli, Immacolata Marino and Mario Padula
#526 - Pension Uncertainty and Demand for Retirement Saving
Tullio Jappelli and Luigi Pistaferri
#505 - Reported MPC and Unobserved Heterogeneity
Luigi Guiso and Tullio Jappelli
#501 - Investment in Financial Information and Portfolio Performance
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, Luigi Pistaferri and Maarten van Rooij
#467 - Asymmetric Consumption Effects of Transitory Income Shocks
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Maarten van Rooij
#458 - Trust in the Central Bank and Inflation Expectations
Tullio Jappelli and Annalisa Scognamiglio
#454 - Monetary Policy, Mortgages and Consumption: Evidence from Italy
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Maarten van Rooij
#421 - Consumption Uncertainty and Precautionary Saving
Tullio Jappelli, Carmela Anna Nappi and Roberto Torrini
#418 - Research Quality and Gender Gap in Research Assessment
Tullio Jappelli, Immacolata Marino and Mario Padula
#395 - Households' Saving and Debt in Italy
Tullio Jappelli and Mario Padula
#354 - The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources
Graziella Bertocchi, Alfonso Gambardella, Tullio Jappelli, Carmela A. Nappi, Franco Peracchi
#344 - Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy
Tullio Jappelli, Mario Padula
#330 - Investment in Financial Literacy, Social Security and Portfolio Choice
Tullio Jappelli, Mario Padula
#329 - Consumption Growth, the Interest Rate, and Financial Literacy
Jeffrey V. Butler Luigi Guiso, Tullio Jappelli
#327 - Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion
Tullio Jappelli and Luigi Pistaferri
#325 - Fiscal Policy and MPC Heterogeneity
Andrew Ellul, Tullio Jappelli, Marco Pagano and Fausto Panunzi
#310 - Transparency, Tax Pressure and Access to Finance
Salvatore Capasso and Tullio Jappelli
#298 - Financial Development and the Underground Economy
Jeffrey V. Butler, Luigi Guiso and Tullio Jappelli
#282 - The Role of Intuition and Reasoning in Driving Aversion to Risk and Ambiguity
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli
#279 - Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
Tullio Jappelli, Mario Padula
#272 - Investment in Financial Literacy and Saving Decisions
Tullio Jappelli, Mario Padula, Giovanni Pica
#243 - Do Transfer Taxes Reduce Intergenerational Transfers?
Tullio Jappelli
#238 - Economic Literacy: An International Comparison
Tullio Jappelli and Luigi Pistaferri
#237 - The Consumption Response to Income Changes
Renata Bottazzi, Tullio Jappelli and Mario Padula
#234 - The Portfolio Effect of Pension Reforms
Tullio Jappelli, Luigi Pistaferri
#229 - Does Consumption Inequality Track Income Inequality in Italy?
Luigi Guiso, Tullio Jappelli and Mario Padula
#223 - Pension Risk, Retirement Saving and Insurance
Andreas Hackethal, Michael Haliassos and Tullio Jappelli
#219 - Financial Advisors: A Case of Babysitters?
Luigi Guiso, Tullio Jappelli
#212 - Financial Literacy and Portfolio Diversification
Tullio Jappelli Marco Pagano Marco di Maggio
#208 - Households’ Indebtedness and Financial Fragility
Tullio Jappelli, Luigi Pistaferri
#200 - Financial Integration and Consumption Smoothing
Tullio Jappelli Marco Pagano
#197 - Financial Market Integration Under EMU
Ciro Avitabile, Tullio Jappelli and Mario Padula
#187 - Screening Tests, Information, and the Health-Education Gradient
Tullio Jappelli Mario Padula
#183 - Households’ Saving and Debt in Italy
Tullio Jappelli, Christian Julliard, Marco Pagano
#180 - Households’ Portfolio Diversification
Martin Brown, Tullio Jappelli, Marco Pagano
#178 - Information Sharing and Credit: Firm-Level Evidence from Transition Countries
Luigi Guiso, Tullio Jappelli
#167 - Information Acquisition and Portfolio Performance
Maria Concetta Chiuri, Tullio Jappelli
#158 - Do the elderly reduce housing equity? An international comparison
Dimitris Christelis, Tullio Jappelli, Mario Padula
#157 - Cognitive Abilities and Portfolio Choice
Tullio Jappelli, Mario Padula Luigi Pistaferri
#150 - A Direct Test of the Buffer-Stock Model of Saving
Francesco Giavazzi, Tullio Jappelli, Marco Pagano, Marina Benedetti
#142 - Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence
Tullio Jappelli
#140 - The Life-Cycle Hypothesis, Fiscal Policy, and Social Security
Tullio JappelliMarco Pagano
#136 - Role and Effects of Credit Information Sharing
Dimitris Christelis, Tullio Jappelli Mario Padula
#132 - Wealth and Portfolio Composition
Tullio Jappelli, Luigi Pistaferri, Guglielmo Weber
#120 - Health Care Quality and Economic Inequality
Luigi Guiso, Tullio Jappelli, Mario Padula and Marco Pagano
#118 - Financial Market Integration and Economic Growth in the EU
Luigi Guiso, Tullio Jappelli
#110 - Awareness and Stock Market Participation
Tullio Jappelli, Mario Padula Renata Bottazzi
#92 - Retirement Expectations and Pension Reforms
Daniele Checchi and Tullio Jappelli
#91 - School Choice and Quality
Tullio Jappelli Luigi Pistaferri
#90 - Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms
Luigi Guiso, Michael Haliassos Tullio Jappelli
#88 - Household Stockholding in Europe: Where Do We Stand and Where Do We Go?
Tullio Jappelli Mario Padula
#84 - The Quality of Health Care: Evidence from Italy
Tullio Jappelli Luigi Pistaferri
#83 - Tax Incentives for Household Saving and Borrowing
Luigi Guiso Tullio Jappelli
#82 - Stockholding in Italy
Magda Bianco, Tullio Jappelli Marco Pagano
#58 - Courts and Banks: Effects of Judicial Enforcement on Credit Markets
Tullio Jappelli Luigi Pistaferri
#52 - Tax Incentives and the Demand for Life Insurance: Evidence from Italy
Luigi Guiso, Michael Haliassos Tullio Jappelli
#48 - Household Portfolios: An International Comparison
Maria Concetta Chiuri Tullio Jappelli
#44 - Financial Market Imperfections and Home Ownership: A Comparative Study
Luigi Guiso Tuillio Jappelli
#43 - Household Portfolios in Italy
Tullio Jappelli Marco Pagano
#36 - Information Sharing in Credit Markets: A Survey
Tullio Jappelli Marco Pagano
#35 - Information Sharing in Credit Markets: The European Experience
Tullio Jappelli and Luigi Pistaferri
#27 - The Dynamics of Household Wealth Accumulation in Italy
Tullio Jappelli, Luigi Pistaferri
#23 - Intertemporal Choice and Consumption Mobility
Tullio Jappelli Marco Pagano
#22 - Information Sharing, Lending and Defaults: Cross-Country Evidence
Tullio Jappelli, Luigi Pistaferri
#19 - Consumption Insurance or Consumption Mobility?
Luigi Guiso Tullio Jappelli
#17 - Private Transfers, Borrowing Constraints and the Timing of Homeownership
Francesco Giavazzi, Tullio Jappelli Marco Pagano
#16 - Searching for Non-Keynesian Effects of Fiscal Policy
Tullio Jappelli
#14 - The Age-Wealth Profile and The Life-Cycle Hypothesis: a Cohort Analysis with a Time Series of Cross-Sections of Italian Households
Tullio Jappelli Marco Pagano
#13 - The Welfare Effects of Liquidity Constraints
Tullio Jappelli Luigi Pistaferri
#12 - Using Subjective Income Expectations to Test for Excess Sensitivity of Consumption to Predicted Income Growth
Tullio Jappelli Franco Modigliani
#9 - The Age-Saving Profile and the Life-Cycle Hypothesis
Luigi Guiso, Tullio Jappelli and Luigi Pistaferri
#8 - What Determines Earnings and Employment Risk?
Orazio Attanasio Tullio Jappelli
#6 - Intertemporal Choice and the Cross Sectional Variance of Marginal Utility
Orazio Attanasio, Luigi Guiso Tullio Jappelli
#3 - The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation: An Analysis with Households' Data
Luigi Guiso, Tullio Jappelli
#2 - Background Uuncertainty and the Demand for Insurance against Insurable Risks
Tullio Jappelli and Marco Pagano
#1 - The Determinants of Savings: Lessons from Italy

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Recent publications

Daniele Checchi, Tullio Jappelli, Immacolata Marino, and Annalisa Scognamiglio, Inequality Trends in a Slow-Growing Economy: Italy 1990-2020,
Fiscal Studies, 2024, vol. 45(3): 377-392 [link]
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, and Geoff Kenny, Wealth Shocks and Portfolio Choice,
Journal of Monetary Economics, 2025, vol. 149 [link]
Dimitris Georgarakos, Tullio Jappelli, Geoff Kenny, and Luigi Pistaferri, Labor Supply Response to Windfall Gains,
Journal of Public Economics, 2025, vol. 250, 105476 [link]
Tullio Jappelli and Luigi Pistaferri, Permanent Income Shocks, Target Wealth, and the Wealth Gap,
American Economic Journal: Macroeconomics, 2025, vol. 17(1), 102-25 [link]
Giovanni Immordino, Tullio Jappelli, Tommaso Oliviero, and Alberto Zazzaro , Fear of Covid-19, Contagion and Consumption: Evidence from a Survey of Italian Households,
Health Economics, 2022, Vol.31 (3), pp. 496-507 [link]
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, Luigi Pistaferri, and Maarten van Rooij, Heterogeneous Wealth Effects,
European Economic Review, 2021, Vol. 137, 103805 [link]
Mario F. Carillo and Tullio Jappelli, Pandemic and Regional Economic Growth: Evidence from The Great Influenza in Italy,
European Review of Economic History, 2021, heab009 [link]
Tullio Jappelli, Carmela Anna Nappi and Roberto Torrini, Gender Effects in Research Evaluation,
Research Policy, 2017, Vol. 46(5), 911-924 [link]
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Marteen van Roij, Trust in the Central Bank and Inflation Expectations,
International Journal of Central Banking, 2020, Vol. 16(1), 1-38 [link]
Tullio Jappelli, Immacolata Marino and Mario Padula, Social Security Uncertainty and Demand for Retirement Saving,
The Review of Income and Wealth, 2021 [link]
Tullio Jappelli and Luigi Pistaferri, Reported MPC and Unobserved Heterogeneity,
American Economic Journal: Economic Policy, 2020, Vol. 12 (4), 275-97 [link]
Tullio Jappelli and Luigi Pistaferri, The Economics of Consumption: Theory and Applications,
Oxford University Press 2017 , [Link]
Luigi Guiso and Tullio Jappelli, Investment in Financial Information and Portfolio Performance,
Economica, 2020, Vol. 87(348), 1133-1170 [link]
Dimitris Christelis , Dimitris Georgarakos, Tullio Jappelli and Marteen van Roij, Consumption Uncertainty and Precautionary Saving,
The Review of Economics and Statistics, 2020, Vol. 102(1), 148-161 [link]
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, Luigi Pistaferri and Marteen van Rooij, Asymmetric Consumption Effects of Transitory Income Shocks,
The Economic Journal, 2019, Vol.129 (622), 2322-2341 [link]
Jappelli, T. and A. Scognamiglio, Interest Rate Changes, Mortgages and Consumption: Evidence from Italy,
Economic Policy, 2018, 33(94), pp. 183-224 [link]
Jappelli T. and M. Padula, Consumption Growth, the Interest Rate and Financial Sophistication,
Journal of Pension Economics and Finance, 2017, Vol. 16(3), 348-370 [link]
Ellul A., T. Jappelli, F. Panunzi and M. Pagano, Transparency, Tax Pressure and Access to Finance,
Review of Finance, 2016, 20(1), pp 37-76 [link]
Jappelli T. and M. Padula, Investment in Financial Literacy, Social Security and Portfolio Choice,
Journal of Pension Economics and Finance, 2015, October, vol. 14, 366-408 [link]
Christelis D., D. Georgarakos and T. Jappelli, Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession,
Journal of Monetary Economics, 2015, 72, May, pp. 21–41 [link]
Jappelli T. and M. Padula, The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources,
Management Science, 2016, May, 62(5), 1458–1471 [link]
Bertocchi G., A. Gambardella, T. Jappelli, C.A. Nappi, F. Peracchi, Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy,
Research Policy, 2015, vol. 44, March, 451-466 [link]

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