Professor Luigi Guiso
Luigi Guiso is Axa Professor of Household Finance at the Einaudi Institute for Monetary, Banking and Financial Studies in Rome. He has been listed in the 2016 "World's most influential scientific minds" list compiled by Reuters. His path-breaking work has been published in the best international journals and recognized with international prizes such as the 2009 Smith Breeden Prize award for the paper “Trusting the Stock Market" (with Paola Sapienza and Luigi Zingales) and the 2015 Spangler-IQAM Prize for the best investment paper in the Review of Finance.
Civic capital and social distancing: Evidence from Italians’ response to COVID-19
Social distancing slows the spread of COVID-19. In regions that adopt social distancing practices early (i.e. before receiving explicit stay-at-home guidelines from their governments), the virus can be contained more quickly. Using Italian data from phone location tracking of movements made by individuals after the pandemic began, this column finds sharper drops in mobility in areas with higher ‘civic capital’, suggesting that civic values can mediate the social distancing process.