Monday Lunch Seminars

Monday Lunch Seminars

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Monday Lunch Seminars Sarah Grace See (University of York)

"Juggling Work and Family: The Effect of Flexibility on Mental Health" abstract Flexible working practices can help parents maintain work and family life balance that can lead to increased productivity and improved mental health and well-being. However, they can also lead to increased stress and are instead detrimental. Applying a regression discontinuity design, this paper…

Monday Lunch Seminars Michalis Drouvelis (University of Birmingham)

"Does revealing personality data affect prosocial behaviour?" Abstract Many modern organisations collect data on individuals’ personality traits as part of their human resource selection processes. We test experimentally whether revealing information on personality data impacts on pro-social behaviour as measured in a one-shot modified dictator game and a public goods game. Our focus is on…

Monday Lunch Seminars Filippo De Marco (Bocconi)

"Banks as Patient Lenders: Evidence from a Tax Reform" Abstract We test whether the composition of bank funding, and the share of deposit funding in particular, affects bank risk-taking and loan maturity. For identification, we exploit a tax reform in Italy that created incentives for households to hold deposits rather than bank bonds. Using geographically…

Monday Lunch Seminars Kyle Woodward (UNC)

"Uniform Price Auctions with a Last Accepted Bid Pricing Rule" abstract We model multi-unit auctions in which bidders' valuations are multidimensional private information. We show that the last accepted bid uniform-pricing rule admits a unique equilibrium with a simple characterization; in comparison, the commonly-studied first rejected bid uniform-pricing rule admits many equilibria, many of which…

Monday Lunch Seminars Margherita Calderone (Università di Torino)

"The Intergenerational Effects of Cash Transfers to Groups of Men and Women: Evidence from Northern Uganda" abstract This paper looks at the intergenerational effects of a cash transfer, the Youth Opportunities Program (YOP), on human capital investments in children in conflict-affected Northern Uganda. The YOP was primarily aimed at providing startup money to groups of…

Monday Lunch Seminars Albin Erlanson (Stockholm School of Economics)

"Costly Verification in Collective decisions" Abstract We study how a principal should optimally choose between implementing a new policy and maintaining the status quo when the information relevant for the decision is privately held by agents. Agents are  strategic in revealing their information, but the principal can verify an agent's information at a given cost.…

Monday Lunch Seminars Stefano Sacchetto (IESE)

"How Costly Are External Financing and Agency for Private Firms?" abstract We estimate the magnitude of external financing costs and manager-shareholder conflicts for large U.S. private firms, and compare the results of the estimation to those from a sample of comparable public firms. Large private firms face marginal equity issuance costs for the first million…

Monday Lunch Seminars Carolina Fugazza (Università di Torino)

"A Life-Cycle Model with Unemployment Traps" abstract The Great Recession has highlighted that long-term unemployment may become a trap with loss of human capital. This paper extends the life-cycle model allowing for a small risk of long-term unemployment with permanent effects on labour income. Such nonlinear income risk dampens both early consumption and early investment…

Monday Lunch Seminars Ainhoa Aparicio Fenoll (Collegio Carlo Alberto)

"Do parents know their children's ability? Evidence from parental choice of school starting age" ABSTRACT Parental ability to make optimal decisions about their children's education depend on whether parents are aware of the ability of their children. We investigate whether this is the case by means of a quasi-natural experiment: in Italy parents can choose…

Monday Lunch Seminars Giovanni Mastrobuoni (Collegio Carlo Alberto)

"Police Patrols and Crime" Abstract An influential literature has used the aftermath of terrorist attacks to estimatelarge effects of police street deployment on crime. However, the elasticities obtainedin these settings may not easily extrapolate to more standard circumstances. Thispaper exploits a natural experiment that aimed to increase police presence in morethan 6,000 well-defined areas, by…

Monday Lunch Seminars Alessandro Barattieri (Collegio Carlo Alberto)

"Protectionism and the Business Cycle" Abstract We study the consequences of protectionism for macroeconomic fluctuations. First, using high frequency trade-policy data, we present fresh evidence on the dynamic effects of temporary trade barriers. Estimates from country-level and panel VARs show that protectionism acts as a supply shock, causing output to fall and inflation to rise in the short…

Monday Lunch Seminars Nicolas Roys (Royal Holloway)

"Skills Prices, Occupations and Changes in the Wage Structure for Low Skilled Men" abstract This paper proposes and estimates a model of occupational choice with multi- dimensional skills, time-varying skill prices and labor market frictions to understand the evolution of the wage structure since 1979 for low skilled men. A worker’s multi- dimensional skills are…

Monday Lunch Seminars Toomas Hinnosaar (Collegio Carlo Alberto)

"Dynamic common-value contests" Abstract In this paper, I study dynamic common-value contests. Agents arrive over time and choose costly efforts to compete for prizes. The efforts are publicly disclosed at some points of time. This model has a wide range of applications, including rent-seeking, R&D competitions, oligopoly, and tragedy of commons. I provide a full…

Monday Lunch Seminars Claudio Campanale (Università di Torino)

"Consumption  insurance with Epstein-Zin preferences" abstract "Partial insurance is a characteristic feature of Standard Incomplete Market(SIM) models. In a recent paper Kaplan and Violante (2010) test a life-cycle version of the model against insurance coefficients computed from data and show that the model falls short of predicting the correct degree of smoothing of permanent shocks…