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Tue 19 Oct, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Johannes Abeler (Oxford)
S2.79

Title : Bounded Rationality, Complexity and Optimal Incentives (joint with David Huffman and Collin Raymond)
The abstract is:
This paper provides empirical support for the importance of contract complexity, and heterogeneity in worker bounded rationality, for understanding optimal incentives. Specifically, the paper shows that an important aspect of a workplace incentive scheme – dynamic incentives in the form of the so-called ratchet effect – can be a shrouded attribute that some workers neglect due to complexity. In field experiments within a firm, and in online experiments with real effort tasks, many workers make choices consistent with being unaware of dynamic incentives. Changing the contract to make the dynamic incentives more transparent, or looking at the sub-sample of workers with high cognitive ability, a response to dynamic incentives emerges. The results have several implications: a potential optimal degree of complexity; heterogeneous effects of incentives depending on worker cognitive ability; framing and structure of incentives may matter through the channel of complexity; incentive effects may change over time if learning reduces complexity; firms may want to tailor incentives to the cognitive sophistication of their particular workforce.

Wed 20 Oct, '21
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What's in our backyards? Environmental exposure, health, human capital, and housing values
Scarman Conference Centre, Warwick University

Register here

20 October 2021, 2:00pm – 4:00pm (arrival from 1:45pm)
Scarman Conference Centre, University of Warwick
Half-day conference (in person and online)

Organiser: Ludovica Gazze

Numbers in person will be restricted.

A growing literature in economics shows that place plays a key role in perpetuating inequality along economic and racial lines. Where people live and work shapes every dimension of their lives, including the air they breathe. Environmental exposure affects individuals starting in utero, as well as throughout their formative and productive years, and even leaving a mark on their children and grandchildren. Yet, even green policies generate winners and losers. Understanding these distributional concerns is key to deploying effective policy.

Programme:

1:45

Arrival (Tea & Coffee)

1:55

Session Chair: Welcome from Lucie Gadenne (CAGE Theme Leader)

2:00

Ludovica Gazze (CAGE, University of Warwick)
The Long-Run Spillover Effects of Pollution: How Exposure to Lead Affects Everyone in the Classroom'

2:30

Jonathan Colmer (University of Virginia) – Online
‘Economic Opportunity and the Environment’

3:00

Nanna Fukushima (Stockholm University and University of Stavanger)
'The UK Clean Air Act, black smoke, and infant mortality'

3:30

Stephen Jarvis (University of Mannheim and LSE)
‘The Economic Costs of NIMBYism: Evidence from Renewable Energy Projects’

4:00

Session Close: Lucie Gadenne

Tue 26 Oct, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Rachael Maeger (LSE)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 2 Nov, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Abi Adams (Oxford)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 9 Nov, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Yanos Zylberberg (Bristol)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 16 Nov, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Gabriella Conti (UCL)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 23 Nov, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Juan Pablo Rud (Royal Holloway)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 30 Nov, '21
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Jonathan Weigel (LSE)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 26 Apr, '22
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Vasco Carvalho (Cambridge)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Tue 31 May, '22
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Ann Brockmeyer (Institute for Fiscal Studies)
S2.79

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze