Monday Lunch Seminars
Monday Lunch Seminars
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 Giacomo De Luca (University of York)
"Weak States: Causes and Consequences of the Sicilian Mafia"
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 Pietro Garibaldi (Università of Torino, Collegio Carlo Alberto)
"Graded Security and Labor Market Mobility? Clean Evidence from the Italian Jobs Act"
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…
Monday Lunch Seminars Benjamin Villena (University of Chile)
"Deconstructing Job Search Behavior" Venue: Moncalieri, via Real Collegio 30 Abstract In this paper we empirically investigate job search, specifically how a number of theoretically relevant variables impact behavior in an online setting. We take advantage of an unusually rich proprietary dataset from a Chilean job board to document and interpret a number of facts.…
Monday Lunch Seminars Greg Veramendi (Arizona State University)
“College Major Choice: Sorting and Differential Returns to Skills”
Monday Lunch Seminars Emanuele Felice (UAB)
"The roots of a dual equilibrium: GDP, productivity and structural change in the Italian regions in the long-run (1871-2011)" abstract This paper explores the long-run evolution of regional inequality in Italy over the course of 140 years, from around Unification (1871) until our days (2011). To this scope, a unique and up-to-date dataset of GDP…
Monday Lunch Seminars Enrica Maria Martino (Università di Torino)
"Early Childcare and Child Non Cognitive Outcomes" (with Daniela Del Boca and Chiara Daniela Pronzato) abstract In this study, we analyze the impact of formal early childcare on a number ofnon-cognitive child outcomes, conditional on several socio demographic characteristicsof the household and the child. Non cognitive skills were found to be particularlymalleable at young ages…
Monday Lunch Seminars Giacomo Davide De Luca (University of York)
"Ethnic Favouritism: An Axiom of Politics?" NOTE: this is a Tuesday
Monday Lunch Seminars Christopher Flinn (NYU)
"Personality Traits, Intrahousehold Allocation and the Gender Wage Gap"
Monday Lunch Seminars Marla Ripoll (University of Pittsburgh)
"The Elasticity of Intertemporal Substitution, Parental Altruism and Fertility Choice"
Monday Lunch Seminars Giovanni Mastrobuoni (Collegio Carlo Alberto)
"Police Patrols and Crime"
Monday Lunch Seminars Francesco Passarelli (Universita di Torino)
"Loss Aversion in Politics"
Monday Lunch Seminars Carmine Guerriero (Universita di Bologna)
"Endogenous Institutions and Economic Outcomes"