Monti di Pietà and Social Capital
During the fifteenth century AD, the Franciscans gave birth to the first "ethical" bank: the Monti di Pietà which were used to give small loans at relatively low (or null) rates. In this paper, we focus on the relationship between the existence of Monti di Pietà back in the past and social capital today.
With: Domenico Rossignoli
The Paradox of Parenthood and Happiness: Exploring the Role of the Brain
While both the conventional wisdom and the Second Demographic Transition theory suggest that having children is rewarding for individuals and increases their life satisfaction and happiness, the empirical literature across different disciplines has not yet found a clear answer on neither the direction nor the magnitude of the association between childbearing and happiness. Here we explore a possible mechanism that might explain the association between parenthood and happiness: the neuro-anatomical changes occurring to parental brains when transitioning into parenthood and the role played by empathy. After birth and two years afterwards women show
reduced gray matter volumes in regions subserving social cognition and in particular the amygdala, insula, precuneus, superior
temporal and medial prefrontal areas. Also fathers experience changes in their brain, although of smaller size.
These changes also affect affective domains, such as empathy and social emotions. At the same time, the literature documents that emotional distress and the perception of other people's pain activate neural structures (including the anterior cingulate cortex, anterior insula, and the amygdala) that are also involved in the direct experience of pain. As a result, we expect to find a negative relationship between parenting and happiness mediated by an increase in the ability to feel others' pain. We test this hypothesis by leveraging the richness of the UK Biobank Dataset including the collection of genome-wide genetic data and resting and task-based fMRI of around 100000 participants aged 40--69 years old. Through the developed world, the high level of childlessness and the decrease in family size among those having children are timely and pressing policy issues. The fact that, in many although not all industrialized societies, parents report lower levels of happiness than childless adults might possibly fuel the perception that having children is not rewarding thus reducing the desire to become parents. Understanding the reasons behind the usually observed negative correlation between parenthood and happiness is, therefore, crucial.
With: Nicola Barban, Ridhi Kashyap, Carlo Reverberi, and Maria Sironi