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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…

Job Market Seminars Claudio Labanca (San Diego)

"Coordination of Hours within the Firm" Download the paper Abstract Teamwork has become increasingly important in many firms, yet little is known about how coordination of hours among heterogeneous coworkers affects pay, productivity and labor supply. In this paper we propose a framework where differently productive firms choose whether or not to coordinate hours in…

Seminars in Statistics Stéphane Boucheron (Université Paris-Diderot)

Concentration inequalities in the infinite urn scheme for occupancy counts and the missing mass, with applications to Good-Turing estimators and adaptive statistical text compression An infinite urn scheme is defined by a probability mass function over positive integers. A random allocation consists of a sample of N independent drawings according to this probability distribution where…

Job Market Seminars Mara Squicciarini (NWU)

"Devotion and Development: Religiosity, Education, and Economic Progress in 19th-Century France" Download the paper abstract This paper uses a historical setting to study when religion can be a barrier for diffusion of knowledge and economic development, and through which mechanism. I focus on 19th-century Catholicism and analyze a crucial phase of modern economic growth, the…

Job Market Seminars Alexander Jakobsen (Princeton)

"Dynamic (In)Consistency and the Value of Information" Download the paper abstract This paper develops a revealed-preference model of information disclosure. One decision maker, DM1, ranks information sources (Blackwell experiments) knowing that a second decision maker, DM2, uses the information to select an act from a menu. Both decision makers are subjective expected utility maximizers but…