Lecturer in Economics
Department: Accounting, Economics and Finance
Telephone No: +44 (0) 2920 417 165
Email Address: ANaddeo@cardiffmet.ac.uk
Dr Naddeo is a Lecturer in Economics in Cardiff School of Management at Cardiff Metropolitan University. Before joining Cardiff Metropolitan University, she worked as an Economist at the National Institute of Economic and Social Research and at the Institute for Employment Studies. Dr Naddeo holds a PhD in Economics from the University of London, Royal Holloway College. She specialises in quantitative analysis, in particular dynamic discrete choice modelling applied to educational and criminal choices. She gained around 5 years' experience in teaching quantitative methods and core economic subjects in different colleges of the University of London.
Dr Naddeo has strong research interests in Economics of Crime, Economics of Education and Applied Econometrics. During her experience as a researcher, she used and analysed different types of datasets, ranging from surveys, aggregate data and large administrative datasets such as NLSY97 and NPD databases.
Job Market Paper: Does Crime Pay? Criminal Versus Human Capital
This study presents a dynamic discrete choice model to understand how young men choose between human capital and criminal capital using data from the National Longitudinal Surveys of Youth 1997 (NLSY97). The model offers a framework able to unify empirical evidence and theories produced in the economics of crime literature studying criminal capital. Its development accounts for the formation of skills that can be used in legal and illegal markets and the effect of their accumulation on the possible rewards in each sector.
Estimation of the parameters included in the model is conducted through the simulated method of moments, with results indicating a strong role of social criminal capital in defining successful criminal activity. Similarly, the estimated returns to experience in the illegal sector show a larger premium for criminal activity compared to a legal one. However, the percentage of young men committing offences decreases when the opportunity cost of crime increases. Counterfactual policy exercise suggests that policies aimed at augmenting human capital for previous offenders can have an important effect over short and long term.
Naddeo, A., (2014): How Crime Affects the Economy: Evidence from Italy
Using data from the Italian National Institute for Statistics (ISTAT), the effect of crime on the economy is analysed using Italy as a case study in this work. The analysis addressed possible endogeneity issues trough an instrumental variable approach and system GMM estimators, with an external source of variation found in effective abortion rate (Donohue and Levitt, 2000). Findings suggest that crime related to organised crime has a large and negative effect on the economy of Italian regions, especially in Southern Italy.
Analysis of Level 3 Qualifications and Destinations, Researcher, for Gatsby Foundation, 2017.
The Geography of New Employment Dynamics in Europe, Researcher, for ESPON 2017
National Minimum and National Living Wage Impact Assessment - Counterfactual Research, Researcher, for BEIS, 2017.