"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…

"Employment of Undocumented Immigrants and the Prospect of Legal Status: Evidence from an Amnesty Program"

CANCELLED

"Inference in markets with algorithmic learning agents"

(Note: the seminar is on Tuesday)

"Multiproduct Pricing Made Simple"

"Three-generation Mobility in the United States, 1850-1940: The Role of Maternal and Paternal Grandparents"

"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,…

"Sparsity-Based Estimation of a Panel Quantile Count Data Model with Applications to Big Data"

"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…

"Aid Effectiveness Revisited: The Trade-Off Between Needs and Governance" (Note: the seminar is on Thursday @ 12:45) jointly organized with Centro Studi Luca D'Agliano

"Communication with Unknown Perspectives"

"Contests for Experimentation"

"Price Efficiency and Welfare"

"Dynamic Multi-Agent Persuasion" abstract I study dynamic persuasion mechanisms with multiple agents.  A principal privately observes the evolution of a stochastic process and sends messages over time to strategically interacting agents.  Filtering information allows the principal to control beliefs and higher order beliefs, thereby influencing the behavior of agents.  In a stylized example of a…

"Estimating Demand Parameters with Choice Set Misspecication" abstract We describe methods to estimate demand parameters in the presence of choice set misspeci-cation due to unobserved individual choice sets. We show that a consumer's probability ofmaking a choice from her true choice set can be written as the probability she makes the samechoice from a universal…

 "The Economic Theory of Antibiotics"

"Does Extending Unemployment Benefits Improve Job Quality?" abstract Contrary to standard search model predictions, prior studies failed to estimate a positive effectof unemployment insurance (UI) on reemployment wages. This paper estimates a positive UIwage effect exploiting an age-based regression discontinuity in Austrian administrative data. Asearch model incorporating duration dependence determines the UI wage effect as…