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Monday Lunch Seminars Kym Pram (EUI)

"Hard Evidence and Welfare in Adverse Selection Environments" abstract I consider environments in which an agent with private information can acquire arbitrary hard evidence about his type before interacting with a principal. In a broad class of screening models, I show that there is always an equilibrium which interim Pareto-improves over the no-evidence benchmark whenever…

Seminars in Politics and Society Giulia Dotti Sani and Matteo Luppi (CCA)

"How long is too long? Long-term effects of maternity-related job interruptions on mothers’ income in 10 European countries" abstract This article asks whether work interruptions due to childbearing and rearing have long-term effects on mothers’ absolute and relative income in later life in ten European countries. Previous studies have found significant differences in earned income…

Seminars in Politics and Society Moreno Mancosu (CCA)

"The nature and diffusion of conspiracy theories in Italy: an exploratory analysis" abstract Anecdotal evidence suggests that believing in conspiracy theories is widespread in the Italian public opinion, impacting dramatically on a number of aspects of the public debate. So far, little empirical evidence has been collected to assess the spread of beliefs in conspiracy theories and…

Job Market Seminars Juan Morales (University of Toronto)

"Legislating During War: Conflict and Politics in Colombia" Download the paper abstract For many countries, the escape from weak governance and cycles of violence is today the most challenging step in their path to prosperity. This paper studies an important aspect of this challenge: the relationship between civil conflict and congressional decision-making. I study this…

Job Market Seminars Anujit Chakraborty (University of British Columbia)

"Present Bias" Download the paper abstract Present bias is the inclination to prefer a smaller present reward to a larger later reward, but reversing this preference when both rewards are equally delayed. This paper investigates and characterizes the most general class of present-biased temporal preferences. We show that any present-biased preference has a max-min representation,…

Seminars in Politics and Society Wing Chan (UCL)

"Dynamics of income inequality in China in a comparative perspective" abstract In this paper, we use recent, high quality and nationally representative household panel data to explore the dynamics of income inequality and mobility in China, Germany, the United Kingdom and the United States. Consistent with previous research, we report very high level of income…

Job Market Seminars Barbara Biasi (Stanford)

"Unions, Salaries, and The Market for Teachers: Evidence from Wisconsin" Download the paper abstract A careful study of teachers’ labor demand and supply, while extremely relevant for policy, is challenging due to a lack of variation in pay, as teacher salaries are usually set using steps-and-lanes schedules based entirely on seniority and academic credentials. This…

Occasional Seminars Allievi Defense Session

senior allievi 10.15 Mattia Landolfi Title: L1 Adaptive Control and Polinomial Trajectory Planning for Economic Applications  11.00 Paolo Baudissone Title: Multivariate Lévy processes via linear transformation: application to multi barrier reverse convertibles

Seminars in Economics of Innovation and Knowledge Robert Grundke (OECD)

"Having the right Mix: The Role of Skill Bundles for Comparative Advantage and Industry performance in Global Value Chains" abstract This study assesses the effects of countries’ skill endowments on comparative advantage. It tests the theoretical model of Ohnsorge and Trefler (2007) and thus departs from empirical studies assuming that workers possess only one type…

Job Market Seminars Adrien d’Avernas (UCLA)

"Disentangling Credit Spreads and Equity Volatility" download the paper abstract In this paper, I provide a structural approach to quantify the forces thatgovern the joint dynamics of corporate bond credit spreads and equityvolatility. I build a dynamic model and estimate a wide array of fundamentalshocks using a large firm-level database on credit spreads, equityprices, accounting…

Job Market Seminars Christopher Busch (University of Cologne)

"Occupational Switching and Wage Risk" download the paper abstract The literature on labor income risk treats the wage process as exogenous to workers, with few exceptions. However, observed wage dynamics are the result of both exogenous factors, such as productivity shocks, and workers' choices. Using data from administrative German social security records, I document that…

Job Market Seminars Nataliya Gerasimova (University of Lausanne)

"House of Funds" Download the paper abstract I document that political connections are an important driver of investment strategies of US mutual funds. I collect data on mutual fund holdings of US Congress members and equity holdings of mutual funds from 2004 to 2013. I show that funds whose shares belong to politicians place larger bets and trade…

Job Market Seminars Tatyana Marchuk (Goethe University)

"The Financial Intermediation Premium in the Cross Section of Stock Returns" Download the paper abstract This paper documents a significant risk premium for financial intermediation risk in the cross section of equity returns. Firms that borrow from highly levered financial intermediaries have on average 4% higher expected returns relative to firms with low-leverage lenders. This…

[Academic Events] Workshop Migration Observatory – 1st Annual Conference

Centro Studi Luca d'Agliano - Collegio Carlo Alberto Migration Observatory - 1st Annual Conference in collaboration with FIERI Migration policy challenges: from new arrivals to naturalisation Venue: Collegio Carlo Alberto Date: February 3, 2017 - 9.30 - 18.40   Institutional greetings: Piero Gastaldo (Secretary General, Compagnia di San Paolo); Pietro Terna (President, Collegio Carlo Alberto); Giorgio…