Our objective is to engage in innovative research that extends the frontiers of the discipline, contributing to a deeper understanding of how modern economies function, and how they can adapt to future challenges. Our research spans almost all the major sub-fields of economics.
As a Department, we are consistently ranked in the top 30 in the world, and in the top 10 in Europe, for the quality of our research output. For example, we are ranked 20th in the world and 5th in Europe in the most recent Tilburg University ranking of Economics departments, and we are currently 25th in the world, and 6th in Europe, in the most recent QS University Rankings.
In the most recent Research Excellence Framework (REF 2014) to evaluate the research output of UK Universities, Warwick was ranked 4th in the UK, behind only the LSE, UCL and Oxford, on a measure that takes into account both the proportion of faculty submitted and the quality of outputs submitted. In our submission, 45% of our research was rated as 'world -leading' (4*) and a further 51% rated as 'internationally excellent' (3*).
Research in the Department is based in a number of Research Groups, each of which has its own seminar or workshop series. The interests of individual researchers often overlap the Groups; the purpose of the Groups is to allow Department members with similar interests to meet regularly and to support each other's research.
CAGE
Established in 2010 and funded by the ESRC, CAGE conducts policy-driven economics research informed by culture, history and behaviour. We analyse historical and contemporary data to draw out lessons for modern policy.
Find out moreCRETA
CRETA coordinates collaborative research in economic theory, its applications and in multi-disciplinary projects with related disciplines such as applied mathematics, biology, philosophy and political science.
Find out moreQAPEC
QAPEC provides a framework to coordinate collaborative research in quantitative and analytical political economy within the University of Warwick as well as with the Centre’s UK and international networks and partners.
Find out moreDevelopment and History
Members of the Development and Economic History Research Group combine archival data, lab-in-the-field experiments, randomised controlled trials, text analysis, survey and secondary data along with theoretical tools to study issues in development and economic history.
Find out moreEconometrics and Labour
The Econometrics and Labour Research Group covers a wide number of topics within the areas of modern econometric theory and applications, e.g. the econometrics of networks, as well as labour economics, e.g. the economics of education, gender economics, technology and innovation.
Find out moreExperimental and Behavioural Economics
The Experimental and Behavioural Economics Research Group draws its membership from economists based at the Warwick Department of Economics who work in the fields of experimental economics, behavioural economics and/or subjective wellbeing (“Happiness Economics”).
Find out moreMacroeconomics and International Economics
The Macroeconomics and International Economics Research Group consists of faculty and PhD students and its research work centres around macroeconomics, international finance and international trade.
Find out moreMicroeconomic Theory
The Microeconomic Theory Research Group works closely with the Centre for Research in Economic Theory and Its Applications (CRETA). Members of the Group work in economic theory, in its applications, and in multidisciplinary projects with areas such as applied mathematics, biology, philosophy and political science.
Find out morePolitical Economy and Public Economics
The Political Economy and Public Economics Research Group investigates topics from two disciplines which have natural complementarities. Political economy focuses more on the political feasibility of certain policies whereas public economics tries to determine which policies are optimal in every environment.
Find out moreDR@W
An interdisciplinary initiative for researchers at the University interested in experimental and behavioural science with important implications for economics, psychology, management, marketing and statistics.
Find out moreEPEC
The European Political Economy Consortium fosters high-quality research in political economy by facilitating exchange among the leading European centres in political economy. It consists of five founding institutions, including Warwick.
Find out more
Tue 21 May, '24- |
Applied Economics/Econometrics & Public Policy (CAGE) Seminar - Nico Voigtlaender (UCLA)S2.79Title: Organizing a Kingdom (with Charles Angelucci and Simone Meraglia) Abstract: We develop a framework that examines the organizational challenges faced by central rulers governing large territories, where administrative power needs to be delegated to local elites. We describe how economic change can motivate rulers to empower different elites and emphasize the interaction between local and nationwide institutions. We show that rising economic potential of towns leads to local administrative power (self-governance) of urban elites. As a result, the ruler summons them to central assemblies in order to ensure effective communication and coordination between self-governing towns and the rest of the realm. This framework can explain the emergence of municipal autonomy and towns’ representation in early modern European parliaments -- a blueprint for Western Europe’s institutional framework that promoted state-formation and economic growth in the centuries to follow. We provide empirical evidence for our core mechanisms and discuss how the model applies to other historical dynamics, and to alternative organizational settings. |
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Wed 22 May, '24- |
CRETA Seminar - Ravi Jagadeesan (Stanford)S2.79Title: Multidimensional Screening with Returns (joint with Alexander Haberman and Frank Yang) |
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Tue 28 May, '24- |
CWIP (CAGE Work in Progress) Workship - Devesh Rustagi (Warwick)S0.09Title: Market Exposure, Civic Values and Rules Abstract: Does markets exposure foster or erode civic values and rules necessary to constrain opportunistic behavior? Using a natural experiment on market location from Ethiopia, I compare individuals who are from the same clan and attend the same market but vary in their exposure to that market. I find a positive effect of market exposure on civic values and rule formation. This result arises because exchange occurs primarily in livestock, which is prone to cooperation problem from asymmetric information and weak state capacity. I use vignette studies to show that societies develop different types of exchange structures to mitigate this problem, which then shapes their civic values and rules. In societies far from markets, there is no need for civic values and rules, as individuals rarely attend markets and sell livestock eponymously within their social network. In societies near markets, individuals regularly attend markets, whereby impersonal exchange creates a demand for civic values and community sanctioning in the absence of which individuals will have to forego efficiency gains. Exposure to markets without asymmetric information has no effect on civic values and rules, allowing me to rule out prosperity and contact hypothesis as alternative channels. |
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Tue 28 May, '24- |
Applied Economics/Econometrics & Public Policy (CAGE) Seminar - Lena Hensvik (Uppsala Universitet)S0.20Title: Outside Job Opportunities and the Gender Gap in Pay Abstract: A growing literature suggests that outside job offers are an important component of on-the-job wage growth. Such outside offers could contribute to the gender wage gap due to a differential arrival rate of (relevant) job opportunities and/or because of gender differences in negotiation. In this paper, we shed light on this source of gender wage inequality by empirically studying male and female wage and job mobility responses to the arrival of outside job opportunities that arise via family networks. We show in Swedish register data that such opportunities are associated with higher wages for men but not for women. However, women have higher job mobility in response to expansions in connected firms- particularly when those offer a shorter commute compared to the current employer. Together, our results are consistent with women being less likely to renegotiate in response to the arrival of job offers. The paper thus confirms in a broader setting that gender negotiation differences is an economically meaningful source of the remaining gender pay gap.
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Tue 28 May, '24- |
CRETA Seminar - Leeat Yariv (Princeton)S0.20Title to be advised. |
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Wed 29 May, '24- |
CAGE-AMES Workshop - Jiaqi LiS2.77 Cowling RoomTitle: Divorce Expectation, Human Capital, and Life Cycle of Female Labor Supply Abstract: There is a puzzle in economics and sociology that Black women have a higher labor supply than white women in the US. This paper shows the gap is driven by married Black women with high wages returning to work quickly after childbirth. I develop a life cycle model of female labor supply, human capital, consumption, and savings with marriage uncertainty. The structural model demonstrates that Black women stay in the workforce to maintain human capital and hedge against marital instability. Furthermore, this paper shows structural estimates of human capital depreciation in the labor literature are likely biased without sample selection correction for exclusive restriction. Title: Minimum Wage, Marriage, and Fertility Abstract: Exploiting state-varying minimum wage in the US from 1975 to 2016, this paper shows the causal effect of minimum wage on marriage, divorce, and fertility. An increase in state minimum wage by 1 dollar significantly increases the marriage rate by 0.6 percentage points, reduces the divorce rate by 0.4 percentage points, and increases the fertility rate by 0.5 percentage points. I develop an equilibrium life cycle model of marriage, fertility, labor supply, and consumption to decompose the causal effects by complementarity in leisure time among partners, and substitutability in child production. This paper demonstrates that labor market policy has significant spillovers on the marriage market. |
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Wed 29 May, '24- |
Teaching & Learning Seminar - Nahid Farnaz (York)S0.18Title: Enhancing Learning Through Group Work: Challenges and Strategies Abstract: Group work is a powerful pedagogical tool that promotes active learning, collaboration, and critical thinking skills among students. This seminar explores some effective strategies for implementing group work in educational settings along with the challenges associated with integrating group work into formative and summative assessments. |
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Thu 30 May, '24- |
Seminar - Julien LabonneS0.20Title: How Does Social Protection Affect Local Politics? (joint with Tatsuya Koyama and Pablo Querubin) Host: Andreas Stegmann |
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Thu 30 May, '24- |
Macro/International Seminar - Thierry Mayer (Sciences PO)S0.09Title: Gravity of Violence |
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Mon 3 Jun, '24- |
Economic History Seminar - Mara Squicciarini (Bocconi)S2.77 Cowling RoomTitle: Dealing with Adversity: Religiosity or Science? Evidence from the Great Influenza Pandemic, co-authored with E.Berkes, D.Coluccia, and G Dossi.
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Mon 3 Jun, '24- |
Econometrics Seminar - Xiaoxia Shi (Wisconsin)S0.10Title: Testing Inequalities Linear in Nuisance Parameters (with Gregory Cox and Yuya Shimizu) at the econometrics seminar. Abstract- This paper proposes a new test for inequalities that are linear in possibly partially identified nuisance parameters, called the generalized conditional chi-squared (GCC) test. It extends the subvector conditional chi-squared (sCC) test in Cox and Shi (2023, CS23) to a setting where the nuisance parameter is pre-multiplied by an unknown and estimable matrix of coefficients. Properly accounting for the estimation noise in this matrix while maintaining the simplicity of the sCC test is the main innovation of this paper. [How? New variance formula? Rank condition?] As such, the paper provides a simple solution to a broad set of problems including subvector inference for models represented by linear programs, nonparametric instrumental variable models with discrete regressor and instruments, and linear unconditional moment inequality models. We also derive a simplified formula for computing the critical value that makes the computation of the GCC test elementary. |
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Tue 4 Jun, '24- |
MIEW (Macro/International Economics Workshop) - to be advisedS0.09Title to be advised. |
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Tue 4 Jun, '24- |
CWIP (CAGE Work in Progress) Workshop - to be advisedS0.09Title to be advised. |
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Tue 4 Jun, '24- |
Applied Economics/Econometrics & Public Policy (CAGE) Seminar - Zoe CullenS0.10Title: Pushing the Envelope: A Field Experiment in Negotiations (with Ricardo Perez-Truglia and Bobak Pakzad-Hurson) What role does negotiation play in the job market for professionals? Does it affect the allocation of labor and split of surplus? In a field experiment with over 3,000 mid-career professionals actively seeking offers, we establish new facts about how people negotiate and the causal impact of negotiation on employment terms. We use experimental results and detailed offer data to propose a model of portfolio bargaining.
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Wed 5 Jun, '24- |
CAGE-AMES Workshop - Lily Shevchenko & Benjamin Koch (PGRs)S0.09There will be two presentations: 1: Lily Shevchenko - Title: Does cancel culture work? Evidence from Reddit Abstract: How well can platforms police user behaviour? We look at the popular social media site, Reddit, where a mass ban of toxic communities occurred in response to a change in the site's conduct policy. We aim to see how the users of these communities changed their behaviour after the ban, as well as at the impact on the platform as a whole. 2. Benjamin Koch - Title: Smart or Corrupt? Informed Trading in the U.S. Congress Abstract: U.S. Committee members enjoy an information privilege in regard to emerging regulations due to their role in shaping legislation. This privilege allows for a better prediction of a company’s future profit. If a politician indeed capitalizes on this privilege by trading affected stock, it would constitute an abuse of office in violation of ethical and legal standards. The identification of information-conflicted trades is not straightforward. Committee members often have prior expertise in the industry the committee is supposed to oversee, and working on the committee further enhances their expertise. To tackle these issues, I link stock transaction records of politicians with information on congressional committees, bills, and stock prices of affected firms. First, I compare Congress members’ portfolio returns before and after they join committees in a difference-in-differences framework, differentiating between committee-associated and -unassociated sub-portfolios. I then contrast the change in returns when Congress members join and leave committees for each sub-portfolio. Second, I use public relevations of milestones of bills and examine the frequency and timing of a politician’s transactions anticipating stock price reactions. My novel approaches contribute to the public and academic debates on how politicians can privately benefit from public office and on the prevalence of insider trading by politicians. |
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Wed 5 Jun, '24- |
CRETA Seminar - Giacomo Lanzani (Harvard)S2.79Title: Dynamic Concern for Misspecification Abstract: We consider an agent who posits a set of probabilistic models for the payoff-relevant outcomes. The agent has a prior over this set but fears the |
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Thu 6 Jun, '24- |
Econometrics Seminar - Saraswata Chaudhuri (McGill)S0.18Title: More powerful Difference-in-difference (co-authored with Yang Ning). |
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Mon 10 Jun, '24- |
Economic History Seminar - Marco Tabellini (HBS)S2.77 Cowling RoomTitle: Homeward Bound: How Migrants Seek Out Familiar Climates (with Marguerite Obolensky, Charles A Taylor).. |
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Wed 12 Jun, '24- |
CAGE-AMES Workshop - Elaheh Fatemi Pour and Anisha Garg (PGRs)S0.08There will be two presentations: 1. Elaheh Fatemi Pour - Title: Natives' Demand for Immigrant Integration and Economic Contribution: Experimental Evidence from the UK 2. Anisha Garg - Title: Safe Travels: Transport Advancement and Women’s Safety in India
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Tue 18 Jun, '24- |
MIEW (Macro/International Economics Workshop) - Ernil Sabaj (Warwick)S2.77 Cowling RoomTitle: The effects of government spending under trend inflation: theory and empirics |
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Wed 19 Jun, '24- |
CAGE-AMES Workshop - Sarthak Joshi (PGR)S0.18Title: The Geography of Structural Transformation and Women's Work: Evidence from India |
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Mon 7 Oct, '24- |
Econometrics Seminar - Wayne Gao (UPenn)S2.79Title to be advised. |
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Tue 8 Oct, '24- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Elias Papaioannou (LBS)S2.79Title to be advised. |
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Mon 14 Oct, '24- |
Economic History Seminar - Eleanora Guarnieri (Exeter)S2.79Title to be advised. |
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Tue 15 Oct, '24- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Tue 22 Oct, '24- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - to be advised.S2.79 |
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Wed 23 Oct, '24- |
CRETA Seminar - Philippe JehielS2.79Title to be advised |
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Thu 24 Oct, '24- |
Macro/International Seminar - Joan Monras (UPF)S2.79Title to be advised |
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Mon 28 Oct, '24- |
Economic History Seminar - Guillaume Blanc (Manchester)S2.79Title to be advised. |
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Tue 29 Oct, '24- |
Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Abhijeet Singh (HHS).S2.79Title to be advised |