Seminars in Economics

Seminars in Economics

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Seminars in Economics Michele Pellizzari (University of Geneva)

"Wage compression within the firm" abstract We study the distributional effect of a wage indexation mechanism - the textit{Scala Mobile} (SM) - that heavily compressed the distribution of Italian wages during the 1970s and 1980s. By imposing nominal adjustments to all workers in the economy, the SM increased real wages at the bottom of the…

Seminars in Economics Ryan McDevitt (Duke University)

"The Elasticity of Demand for Alternative Financial Services: Evidence from Check-Cashing Price Changes in the South Bronx" Abstract Using proprietary data from customers’ transactions, we estimate the elasticity of demand for check-cashing services.  Our identification strategy exploits two key features of the data: one bank unilaterally reduced its check-cashing fees while its nearby competitors maintained…

Seminars in Economics Alp Atakan (Koc University Turkey)

"Market Selection and the Information Content of Prices" Abstract We study a market in which 2k identical and indivisible objects are allocated to z>2k bidders in two separate markets using uniform-price auctions. Before the auctions, each bidder receives an informative but imperfect signal about the state of the world and chooses one of the two…