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Author: Gallipoli, Giovanni

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1.	Abbott, Brant Gallipoli, Giovanni Meghir, Costas Violante, Giovanni L.
1.	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.	Abbott, Brant Gallipoli, Giovanni Meghir, Costas Violante, Giovanni L.
2.	Education Policy and Intergenerational Transfers in Equilibrium Journal of Political Economy 127,6 (December 2019): 2569-2624. Also: https://www.journals.uchicago.edu/doi/full/10.1086/702241 Cohort(s): Children of the NLSY79, NLSY79, NLSY97 Publisher: University of Chicago Press Keyword(s): Current Population Survey (CPS) / CPS-Fertility Supplement; Financial Assistance; Intergenerational Patterns/Transmission; Panel Study of Income Dynamics (PSID); Parental Influences; Student Loans / Student Aid; Survey of Consumer Finances (SCF); Transfers, Parental We examine the equilibrium effects of college financial aid policies building an overlapping-generations life cycle model with education, labor supply, and saving decisions. Cognitive and noncognitive skills of children depend on parental education and skills and affect education and labor market outcomes. Education is funded by parental transfers that supplement grants, loans, and student labor supply. Crowding out of parental transfers by government programs is sizable and cannot be ignored. The current system of federal aid improves long-run welfare by 6 percent. More generous ability-tested grants would increase welfare and dominate both an expansion of student loans and a labor tax cut.
	Bibliography Citation Abbott, Brant, Giovanni Gallipoli, Costas Meghir and Giovanni L. Violante. "Education Policy and Intergenerational Transfers in Equilibrium." Journal of Political Economy 127,6 (December 2019): 2569-2624.

3.	Fellay, Giulio Gallipoli, Giovanni
3.	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.].

4.	Galindo da Fonseca, Joao Alfredo Gallipoli, Giovanni Yedid-Levi, Yaniv
4.	Match Quality and Contractual Sorting Labour Economics 66 (October 2020): 101899. Also: https://www.sciencedirect.com/science/article/pii/S0927537120301032 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Job Characteristics; Performance pay; Wage Determination This paper examines the impact of match-specific heterogeneity on compensation arrangements. In a stylized contractual choice problem we show that employers may have an incentive to offer performance-based contracts when match-specific productivity is high. We test the empirical content of this hypothesis using the NLSY79, which contains information about individual job histories and performance pay. We find that better match quality does affect pay arrangements, employment durations and wage cyclicality. Direct evidence on the accrual of job offers to workers lends support to the hypothesis that employers use performance-related compensation to preserve high-quality matches.
	Bibliography Citation Galindo da Fonseca, Joao Alfredo, Giovanni Gallipoli and Yaniv Yedid-Levi. "Match Quality and Contractual Sorting." Labour Economics 66 (October 2020): 101899.

5.	Gallipoli, Giovanni Yedid-Levi, Yaniv
5.	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.

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