Seminars in Economics
Seminars in Economics
Seminars in Economics Neale Mahoney (Booth School of Business, University of Chicago, and NBER)
"Provider Incentives and Health Care Costs: Evidence from Long-Term Care Hospitals"
Seminars in Economics Stefano Giglio (Chicago Booth)
"Contractionary volatility or volatile contractions?" Note: the seminar in on Monday
Seminars in Economics Gianluca Violante (New York University)
"Monetary policy according to HANK"
Seminars in Economics Antoine Bommier (ETH Zurich)
"Household Finance and the Value of Life" Abstract We analyze life-cycle saving strategies with a recursive model that is designed to provide reasonable positive values for the value of a statistical life. With a positive value of life, risk aversion amplifies the impact of uncertain survival on the discount rate, and thus reduces savings. Our…
Seminars in Economics Erzo Luttmer (Darthmouth)
"The Welfare Cost of Perceived Policy Uncertainty: Evidence from Social Security"
Seminars in Economics Michael Haliassos (Goethe University Frankfurt)
"Financial Literacy Externalities" abstract This paper uses unique administrative data and a quasi-field experiment of exoge- nous allocation of refugees in Sweden to estimate effects of exposure to financially literate neighbors on household financial behavior. The paper contributes evidence of a causal impact of financial literacy on behavior and points to a social multiplier of…
Seminars in Economics Sonia Oreffice (University of Surrey)
"The Demand for Season of Birth" Abstract We study the determinants of season of birth, for white married women aged 20-45 in the US, using birth certificate and Census data. We also elicit the willingness to pay for season of birth through discrete choice experiments implemented on the Amazon Mechanical Turk platform. We document that the probability…
Seminars in Economics Barbara Petrongolo (Queen Mary University)
"Reservation wages and the wage flexibility puzzle"
Seminars in Economics Francesca Cornelli (London Business School)
"Team Stability and Performance: Evidence fromPrivate Equity" abstract We examine the effect of team turnover on performance studying the privateequity industry. Using a unique data set that tracks over time teams in 138PE managers and their performance, we uncover a positive relation betweenturnover and fund performance. We propose and confirm in the data twochannels that…
Seminars in Economics Philippe Bacchetta (Université de Lausanne and CEPR)
"Money and Capital in a Persistent Liquidity Trap"
Seminars in Economics Enrica Carbone (Seconda Università degli Studi di Napoli)
"Equilibria in Transportation Games with Road Pricing" abstract As congestion pricing is becoming increasingly popular as a solution to traffic congestion in many parts of the world, one issue is how it affects the location of commercial activities. If a cordon charge is constructed around a city center, as in London and Stockholm, for example,…
Seminars in Economics Tito Boeri (INPS and Università Bocconi)
"A clash of generations? Increase in retirement age and labour demand for youth" Note: this seminar is on Monday
Seminars in Economics Paola Conconi (ECARES and CEPR)
"All Together Now: Integration, Delegation and Management" abstract Abstract Little is known theoretically, and even less empirically, about the relationship between firm boundary choices and the allocation of decision rights within firms. We develop a model in which firms choose which suppliers to integrate, whether to delegate decisions to integrated suppliers or keep them centralized,…
Seminars in Economics Pietro Veronesi (University of Chicago)
"Habits and Leverage" Abstract Many stylized facts of leverage, trading, and asset prices can be explained by a frictionless general equilibrium model in which agents have heterogeneous endowments and external habit preferences. Our model predicts that aggregate leverage increases in good times when stock prices are high and volatility is low, it should predict low…
Seminars in Economics Pietro Tebaldi (University of Chicago)
"Estimating Equilibrium in Health Insurance Exchanges: Price Competition and Subsidy Design under the ACA" Abstract To design premium subsidies in a health insurance market it is necessary to estimate consumer demand and study how different subsidy schemes affect insurers’ incentives. Combining data from the Californian ACA marketplace with a model of insurance demand and insurers’…
Seminars in Economics Shmuel Baruch (David Eccles School of Business)
"Strategic Foundation for the Tail Expectation in Limit Order Book Markets"
Seminars in Economics Jan Stuhler (Universidad Carlos III Madrid)
"Shift-share instruments and the Impact of Immigration" jointly organised by Collegio Carlo Alberto and Centro Studi Luca d'Agliano within the Migration Observatory Abstract A large number of papers in the immigration literature rely on geographic variation in the concentration of immigrants to identify the impact of immigration. National flows of immigrants are often interacted with…
Seminars in Economics Piero Gottardi (EUI)
"A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation" Abstract This paper characterizes repurchase agreements (repos) as equilibrium contracts starting from first principles. We show that a repo allows the borrower to augment its consumption today while hedging both agents against future market price risk. As a result, safer assets will command a lower…
Seminars in Economics John A. Weymark (Vanderbilt University)
"Optimal Nonlinear Taxation of Income and Savings Without Commitment"
Seminars in Economics Philipp Schmidt-Dengler (University of Vienna)
"Information and Price Dispersion: Theory and Evidence" abstract We study the empirical importance of consumer information in generating price dispersion. Limited information is the key element generating price dispersion in modelsof homogeneous goods markets. We show that in these models the global relationship between information and price dispersion is an inverse-U shape. We test this mechanism using a…