Monday Lunch Seminars

Monday Lunch Seminars

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Monday Lunch Seminars Claudio Campanale (University of Alicante)

"Luxury goods in heterogeneous agents economies" Abstract Most macroeconomic models are based on the assumption of a single homogeneous consumption good. In the present paper we consider a model with two goods: A basic good and a luxury good. We then apply this assumption to a standard general equilibrium heterogeneous agent model. We find a substantial reduction in precautionary…

Monday Lunch Seminars Giovanni Mastrobuoni (University of Essex)

"Harsh or Humane? Prison Detention Conditions and Recidivism"   ABSTRACT We use quasi-random variation in the fraction of time served in the Italian"open-cell prison'' of Bollate to estimate the effect of rehabilitation efforts on recidivism. We deal with the endogeneity of rehabilitation assignments by focusing on those sources of variability in the length of exposure…

Monday Lunch Seminars Luca Flabbi (Georgetown University)

"Simultaneous Search in the Labor and Marriage Markets with Endogenous Schooling Decisions" (Note: the seminar is on Thursday) Abstract Labor market decisions are not taken in isolation when individuals areengaged in stable relationships. There now exist a number of estimatedmodels of household search able to address and estimate the impact of thesedecision processes. However, in these…

Monday Lunch Seminars Ignacio Monzon (Collegio Carlo Alberto)

"Identifying Sorting in Practice" Abstract We propose a novel methodology to detect assortative matching in the labor market using information on workers' mobility, firms' profits, and wages. We estimate the strength of sorting from a ranking of firms alone, built from firm-level profits. We identify the strength of sorting from the fraction of the variance in firm types explained…

Monday Lunch Seminars Bruno Contini (Collegio Carlo Alberto)

"A neo-keynesian proposal for restoring growth in the Italian economy" abstract A neo-keynesian suggestion aimed at recovering after twenty years of dramatic economic crisis has recently been put forward in Italy. There are reasons to suppose that analogous measures could be reasonably adapted to other EU countries where the wellbeing of the low-middle class is…

Monday Lunch Seminars Massimiano Bucchi (Università di Trento and Collegio Carlo Alberto)

“Norms, competition and visibility in contemporary science: the legacy of Robert K Merton” (Note: the seminar is on Friday) Abstract Can Robert K. Merton’s seminal work in the sociology of science still offer useful insights to understand key features, trends and challenges of science in contemporary societies? This paper focuses on two main topics. It addresses…

Monday Lunch Seminars Toru Kitagawa (UCL)

"A Test for Instrument Validity" Abstract This paper develops a specification test for instrument validity in the heterogeneous treatment effect model with a binary treatment and a discrete instrument. The strongest testable implication for instrument validity is given by the condition for non-negativity of point- identifiable complier’s outcome densities. Our specification test infers this testable…