Seminars in Economics

Seminars in Economics

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Seminars in Economics Raquel Bernal (Universidad de los andes)

"The Effects of the Transition from Home-based Community Nurseries to Childcare Centers on Children in Colombia" abstract Colombia’s national early childhood strategy launched in 2011 aimed at improving the quality of childcare services offered to socio-economically vulnerable children, and included transferring children from small non-parental family daycare units into large childcare centers in urban areas.…

Seminars in Economics Paolo Guasoni (Dublin City University)

"Healthcare and Consumption with Aging" Abstract Health-care benefits individuals by slowing the natural growth of mortality, indirectly increasing utility through consumption over a longer lifetime. This paper solves the problem of household dynamic healthcare, consumption, and saving when natural mortality grows exponentially to reflect the Gompertz' law, while both utility and health-care are isoelastic. The…

Seminars in Economics CANCELLED: Barbara Petrongolo (Queen Mary University)

"Reservation wages and the wage flexibility puzzle" Abstract Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment rather than wages, at odds with the quantitative predictions of the canonical search and matching model. This paper provides an alternative and informative perspective on the wage flexibility puzzle,…

Seminars in Economics Stepan Jurajda (CERGE-EI)

"Comparing Real Wage Rates using McWages" abstract Thanks to the standardized work protocol and technology of McDonald’s restaurants across the globe, the hourly wage rate of Basic Crew McDonald’s workers offers consistent, easy-to-interpret, and up-to-date wage comparisons. First, the wage rate expressed in a common currency measures the costs of labor in prices of tradables…

Seminars in Economics Gyongyi Loranth (University of Vienna)

"Multinational Banks and Supranational Supervision" Abstract We study the supervision of multinational banks (MNBs), allowing both for national and supranational supervisions. National supervision leads to insuffi cient monitoring of MNBs due to a coordination problem between supervisors. Supranational supervision solves this problem and generates more monitoring. However, this increased monitoring can have unintended consequences, as it also aff ects…