Full Professor of Economics
Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche (ESOMAS)
School of Management and Economics
e-mail: margherita.borella_at_unito.it
Research fellow at CeRP-Collegio Carlo Alberto
PhD in Economics, University College London
Work in Progress
"Saving and Labor Supply over the Life Cycle," with Mariacristina De Nardi, Fang Yang, and Johanna Torres Chain.
"Measuring and Understanding Health Inequality by Race and Ethicity," Nicolo' Russo, Mariacristina De Nardi, Margherita Borella, and Ross Abram, NBER WP no. 32971.
"Insuring Against Shocks before and After age 65," with Richard Blundell, Mariacristina De Nardi, and Jeanne Commault.
"Measuring Labor Income Dynamics Using Expectations," Manuel Arellano, Orazio Attanasio, Margherita Borella, Mariacristina De Nardi and Gonzalo Paz-Pardo (slides - preliminary).
Published and Forthcoming Papers
"Health Inequality and Health Types," Margherita Borella, Francisco Bullano, Mariacristina De Nardi, Benjamin Krueger, and Elena Manresa. NBER working paper no. 32799, 2024. The Econometrics Journal, accepted 2025.
"Old Age Risks, Consumption, and Insurance," Richard Blundell, Margherita Borella, Jeanne Commault and Mariacristina De Nardi, American Economic Review, vol. 114, no. 2, February 2024 (pp. 575-613)
"The Importance of Modeling Income Taxes over Time: U.S. Reforms and Outcomes," (Margherita Borella, Mariacristina De Nardi, Michael Pak, Nicolo' Russo, and Fang Yang). Journal of the European Economic Association, Volume 21, Issue 6, December 2023, Pages 2237–2286, https://doi.org/10.1093/jeea/jvad053 . "Estimated tax function parameters."
“Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labor Supply?” (Margherita Borella, Mariacristina De Nardi, and Fang Yang), Review of Economic Studies, January 2023, vol. 90, issue 1, pp 102-131.
“The Lost Ones: The Opportunities and Outcomes of Non-College Educated Americans Born in the 1960s,”(Margherita Borella, Mariacristina De Nardi, and Fang Yang. NBER working paper no. 25661, 2020. NBER Macro Annual, 2019.
“Who Receives Medicaid in Old Age? Rules and Reality” (Margherita Borella, Mariacristina De Nardi, and Eric French), Fiscal Studies, March2018, vol. 39, no.1, pages 65-93, doi: 10.1111/1475-5890.12145.
“Self-Employment in Italy: the Role of Social Security Wealth” (Margherita Borella and Michele Belloni), Journal of Pension Economics and Finance, 2019, 18(1), pp. 31-65, doi: 10.1017/S1474747217000300 .
“The Aggregate Implications of Gender and Marriage” (Margherita Borella, Mariacristina De Nardi, and Fang Yang), The Journal of the Economics of Ageing, special issue on “Macroeconomics and Aging,” edited by Tim Kehoe and Juan Carlos Conesa, May 2018, pages 6-26. http://dx.doi.org/10.1016/j.jeoa.2017.01.005.
“Retirement and Memory in Europe” (with Laura Bianchini), Ageing & Society, 2016, volume 36, issue 07, pp. 1434-1458.
“Modelling Movements in Individual Consumption: A Time Series Analysis of Grouped Data” (with Orazio Attanasio), International Economic Review, 2014, 55(4), 959-991.
“(Un)expected retirement and the consumption puzzle” (with Flavia Coda Moscarola and Mariacristina Rossi), Empirical Economics, 2014, 47, 733–751.
“Microsimulation of Pension Reforms: Behavioural versus Nonbehavioural Approach” (with Flavia Coda Moscarola), Journal of Pension Economics and Finance, 2010, 9: 583-607.
“Does Consumption Respond to Predicted Increases in Cash-on-hand Availability? Evidence from the Italian “Severance Pay”” (with Elsa Fornero and Mariacristina Rossi) Economics Letters, 105 (2009), 127-129 (pdf WP version).
“Le pensioni dei lavoratori parasubordinati: prospettive dopo un decennio di gestione separata” (with Giovanna Segre); Politica Economica XXV(1), 2009, pp. 75-103. (In Italian).
“Distributive properties of pension systems: a simulation of the Italian transition from defined benefit to defined contribution” (with Flavia Coda Moscarola); Giornale degli Economisti ed Annali di Economia n. 65(1) (2006).
The Distributional Impact of Pension System Reforms: an Application to the Italian Case”, Fiscal Studies (2004) vol. 25, n. 4, pp. 415-437 .
“The Error Structure of Earnings: an Analysis on Italian Longitudinal Data”, RISEC (Rivista Internazionale di Scienze Economiche e Commerciali), vol. 51 (2004), n. 3, pp. 405-422 (link to WP version).
Chapters in books
“Characterizing income shocks and their transmission to household consumption” (with Orazio Attanasio and Torben Nielsen), 2014. In: A. Brugiavini and G. Weber (eds.): Longer-term consequences of the Great Recession on the lives of Europeans, Oxford University Press: Oxford.
“Changes in Retirement Behaviour of Older Workers in Italy” (with Michele Belloni and Elsa Fornero); in E. Fornero and P. Sestito (eds.) "Pension Systems: Beyond Mandatory Retirement"), Cheltenham, Edward Elgar (2005), pp.185-224.
“The Market for Annuities in Italy: Reality or Chimera?”, (with Elsa Fornero and Giacomo Ponzetto) in E. Fornero and E. Luciano (eds.) Developing an Annuity Market in Europe, Cheltenham, Edward Elgar (2004), pp.262-290.
Other published papers
“The 2011 Pension Reform in Italy and its Effects on Current and Future Retirees” (Margherita Borella and Flavia Coda Moscarola), CeRP WP N. 151/15.
“Stochastic Components of Individual Consumption: A Time Series Analysis of Grouped Data,” (Orazio Attanasio and Margherita Borella) NBER Working Papers 12456, National Bureau of Economic Research, Inc, 2006. A revised version of this paper has been published as: "Modelling Movements in Individual Consumption: A Time Series Analysis of Grouped Data”, International Economic Review, 2014, 55(4), 959-991.
“Asset accumulation and decumulation over the life cycle. The role of financial literacy” (with Mariacristina Rossi), Netspar Panel Paper n. 39 (2014) (link)
“Characterizing income shocks and their transmission to household consumption” (with Orazio Attanasio and Torben Nielsen), 2014. In: A. Brugiavini and G. Weber “Longer-term consequences of the Great Recession on the lives of Europeans”, Palermo: Fondazione Rodolfo Debenedetti (pdf).
"Adequacy of Pension Systems in Europe: An Analysis Based on Comprehensive Replacement Rates", Borella, Margherita and Fornero, Elsa, (April 28, 2009). ENEPRI Research Report No. 68. Available at SSRN: https://ssrn.com/abstract=2033652 or http://dx.doi.org/10.2139/ssrn.2033652