Seminars in Economics

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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 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…

Seminars in Economics Adriaan Kalwij (Utrecht University School of Economics – U.S.E.)

"The impact of financial education on financial literacy and saving behavior: Evidence from a controlled field experiment at Dutch primary schools" Abstract This paper estimates the short term impact of a 90-minutes financial education program on financial literacy at Dutch primary schools using a controlled field experiment. We find that of the improvements in pupils’…

Seminars in Economics David Ribar (Melbourne Institute of Applied Economic and Social Research)

"A Longitudinal Analysis of Violence and Housing Insecurity" abstract Violence and housing insecurity are horrible events that may be intertwined, with violence possibly forcing victims to abandon their accommodations and housing insecurity depriving people of the safety of a home or placing them in compromised circumstances. This study uses national, prospective, longitudinal data from the…

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,…