Applied Microeconomics
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Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
Tuesday, October 18, 2022
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MIEW (Macro/International Economics Workshop) - tbaS2.79 |
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CWIP (CAGE work in progress) - Arun AdvaniS2.79Taxation and migration by the super-richLink opens in a new window A. Advani, D. Burgherr, and A. Summers (2022) Using administrative data on the globally connected super-rich in the UK, we study the effect of a large tax reform on migration behaviour. Prior to 2017, offshore investment returns for ‘non-doms’ – individuals tax resident in the UK but with connections to other countries – were untaxed. Average offshore investment returns for these individuals exceeded £420,000; even without considering other types of income, this puts them in the top 0.2% of the population. A reform in 2017 brought long-stayers and UK-born non-doms into the standard tax system, reducing their effective net of average tax rate by between 8.8% and 13.0%. We find that migration responses were limited: our central estimate of the migration elasticity is 0.02, and across a range of specifications we can rule out elasticities larger than 0.5. Using reforms for the UK-born super-rich who were living abroad, we find that migration elasticities are limited even for recent arrivals, for whom our central estimate is 0.18. Assuming similar elasticities for all non-doms, abolition of the preferential regime would increase tax revenue collected from non-doms by £3.2bn (84%). |
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Economics PhD job talk session - Livia Silva ParanhosS2.77 Cowling RoomTitle: Heterogeneous Local Projections: An Application To Firm Investment Fields: Macro, Econometrics Supervisors: Giovanni Ricco, Ana Galvao (Wbs) |
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Applied Economics, Econometrics & Public Policy (CAGE) Seminar - Johannes Spinnewijn (LSE)S2.79Title: Predicting Long-term Unemployment Risk - Andreas Mueller (UT Austin) & Johannes Spinnewijn (LSE) Abstract: This paper uses rich administrative and survey data from Sweden to study the predictability and determinants of long-term unemployment (LTU) over the period 1992-2016. We use standard machine learning techniques to predict job seekers' LTU risk and find substantial predictable heterogeneity. Compared to a model using standard socio-demographic variables, a comprehensive model that uses data on income, employment and benefit histories more than doubles the predictive power. The estimated heterogeneity in LTU risk implies that at least two thirds of the observed duration dependence in job finding is driven by dynamic selection. We apply our prediction algorithm over the business cycle and find significant heterogeneity underlying the cyclicality in average LTU risk, while the role of composition effects is limited. We evaluate the implied value of targeting unemployment policies and how this changes over the business cycle. |