Pietro Valetto

From 🇪🇺 🇮🇹 “This land was made for you and me” | Research Fellow ExpPov | PhD Candidate @UAntwerpen

[Pietro Valetto @PieValetto]

😁Very proud of this first publication!
Big thanks to @ZParolin and @stefanofilauro for all the guidance and collaboration.

Thread coming soon...
#econtwitter

[Zach Parolin @ZParolin]

What explains recent declines in income inequality in the European Union? Despite rising within-country inequality from 2007-2019, EU-wide inequality declined sharply due to upward convergence in market earnings among its poorest member states. More here:
https://t.co/rT0dvsYwBA

[Rutger Bregman @rcbregman]

The economist is simply right: NIMBYism and restrictive zoning explain high housing prices far better than wealth inequality does.

What frustrates me though is that tax fairness and abundance keep getting pitted against each other, as if we have to choose.

We don't. Tax the rich. Build the homes. Do both.

[Andrea Gilli @aa_gilli]

Se capisco, @Giul_Granato vorrebbe:
1) dare un finanziamento a costo bassissimo alle aziende
2) che lega i lavoratori a queste stesse aziende, e se l’azienda fa 💥, 👋🏻 TFR
3) e ritiene che ciò sia preferibile ad un sistema che investe in un paniere di aziende e che quindi, oltre ad essere più sicuro, genera anche ritorni superiori nel medio-lungo periodo — come tutta l’evidenza dimostra.

Il dubbio viene: perché GG sposa questa posizione retrograda che danneggia i lavoratori? Avanzo delle ipotesi:

A) come piace dire ai suoi amici, “è pagato dai padroni” (dubito, ma è un’ipotesi da testare)
B) ignora profondamente i fatti (dubito, basta chiedere a @grok e può avere accesso a tutte le informazioni necessarie)
C) Preferisce tenere i lavoratori in una condizione di subalternità finanziaria, così da potersi ergere a loro paladino (interessante, da verificare)
D) se qualcuno ha altre ipotesi — che ripeto, in quanto ipotesi non sono vere o false ma spiegazioni alternative da testare — mi faccia sapere.

[Salvatore Morelli @MorelliSal]

How have wealth transfers evolved, and what do these trends tell us about the future? Looking forward to discussing these questions on June 30 at Inequality & The Future at @Unibocconi. Thanks to @guido_alfani Dondena Centre and @UCStoneCenter
https://t.co/xHf2l9ZY6j

[Jack Meyer 🏛️ @Jackbmeyer]

“Finance bro,” or even “econ bro,” is a bit of a misnomer. Really I prefer “quantitative social sciences bro”

[Salvatore Morelli @MorelliSal]

Can gender gaps in financial literacy contribute to gender wealth inequality over the life cycle? Thks Marta Morazzoni (@UCL) for presenting her work at the Inequality InRome Seminar Series at @Giur_Roma_Tre.
Next: Giulia Bovini (@bancaditalia), Jun 10
https://t.co/EUpyhWJguk

[Alberto Alemanno 🇪🇺 @alemannoEU]

The EU deregulation machine has found its next target: protected wildlife.

Under pressure from industry, member states want easier licenses to build industrial projects even if this entails killing species protected under EU law.

The Commission intends to “stress test” the Birds and Habitats Directives - Europe’s 50-year biodiversity backbone - reframed as red tape.

The Commission already wants to strip wolves of their strictly protected status, and now the logic is spreading species by species.

What comes after “simplification” risk becoming extinction.

https://t.co/SZqrFhVKrj

[Salvatore Morelli @MorelliSal]

Three days of intensive work sessions for the GC Wealth Project team, by
@stone_lis and Roma Tre University, in Allumiere, Italy. A valuable time to strengthen our work on the wealth data warehouse and prepare for the upcoming release of v2.0. Discover 👉 https://t.co/T0ARt4NP3G

[Pietro Valetto @PieValetto]

@AlfieJCarter Code

[Mariana Mazzucato @MazzucatoM]

Outsourcing doesn't just cost more—it hollows out the public sector capabilities needed to deliver for people. When governments invest in their own skills, expertise and institutional knowledge, they can sense change, learn and adapt to serve communities better.

This is what we're measuring with @IIPP_UCL's Public Sector Capabilities Index: the dynamic capabilities governments need to navigate complexity and deliver transformation. [Links below]

[David Carretta @davcarretta]

Sta cosa che Putin stacca Telegram e Yuotube, ma il freeeespiccc è censurato da Ursula.

[Pietro Valetto @PieValetto]

@arindube It took away all the miserable parts of my work and I get more time to think and plan which is awesome!

[Pietro Valetto @PieValetto]

@aniketapanjwani @invictusqed I installed claude code specifically to clean up an analysis to make a replication package. It was my gateway drug to integrating it almost everywhere. 😅

[Rafael Jiménez Durán @PriceTheorist]

"Claude write me an Econometrica paper. Make no mistakes"

[Pietro Valetto @PieValetto]

We live in times of unprecedented threats to democracy and the functioning of institutions.

This specific case of the FED losing political independence might be the most impactful of 2026.

[Federal Reserve @federalreserve]

Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX

[Pietro Valetto @PieValetto]

@aniketapanjwani Clever and useful assignment.

The alternative would be to just download the video and put it in notebooklm I guess.

[Pietro Valetto @PieValetto]

@davcarretta Contentino innocuo

[Pietro Valetto @PieValetto]

@Ele_Pellegrini Super interesting! Congrats

[Elena Pellegrini @Ele_Pellegrini]

🚨 Job Market Paper 🚨

Wealth Inequality and Labor Mobility: The Job Trap

Does wealth affect workers’ ability to move to better jobs? Why do some remain stuck with low wages?

My answer: The Job Security Premium

Paper: https://t.co/PB3iKxtsju

1/12 #EconTwitter #EconJobMarket

[Amory Gethin @amorygethin]

@jmariasm1 @PieValetto I would recommend the World Inequality Database, which I'm using here and covers all countries in the world pretax + posttax: https://t.co/aWbDzWOdCB. Also see an easy-to-manipulate file on my website, "Government Redistribution and Posttax Inequality": https://t.co/Ttn2yuzasJ 🙃

[Pietro Valetto @PieValetto]

@jmariasm1 @amorygethin The Luxembourg Income Study Database has a bunch! Harmonized micro data from 53 countries if I remember correctly.