Sarah Auster (University of Bonn)

Title, "Dynamic Information Acquisition under Ambiguity" (with Yeon-Koo Che and Konrad Mierendorff)

This seminar is via Zoom

Title: Shaking Legitimacy: The Impact of Earthquakes on Conflict in Historical China

Organisers: Bishnupriya Gupta & Claudia Rei

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

George Lukyanov (Ecole Polytechnique), "Reputation for Learning with Moral Hazard" (with Stepan Svistunov and Anna Vlasova) (slides)

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https://us02web.zoom.us/j/84672587838?pwd=T2MraE5MNWFsYi8rUzNlUVkwRUwrZz09

Meeting ID: 846 7258 7838 Passcode: SET2021

This seminar is joint with Bristol University and Warwick will be hosting today's event.

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Title to be advised.

Title of paper to be advised.

This seminar is via Zoom, details to follow.

Raffaele will be visiting the department for this Seminar - Roberto Pancrazi will be hosting this visit.

Title: Marginal Tax Rate Changes in the Long-Run: Evidence from a Structural Estimation, With Patrick Macnamara (U. of Manchester) and Myroslav Pidkuyko (Bank of Spain).

Abstract: Using a structural life-cycle model, we estimate the long-run behavioral response to marginal tax rate changes along the income distribution. We find statistically significant long-run tax elasticities of income of around 0.7 for all taxpayers. We also estimate that the richest top 1 percent displays the highest elasticities of taxable income. In our economy, agents who are sufficiently productive can obtain higher returns on their wealth by choosing to be entrepreneurs. Return heterogeneity, in combination with earning risk and tax progressivity, increases the incentives to save and invest for the richest, high-return entrepreneurs, thus amplifying their income responses to marginal tax changes. This reallocation of capital increases aggregate productivity, generating a larger boost in equilibrium wages. This, in turn, strengthens the income response of the bottom 90 percent, but nevertheless, their response is smaller than at the top.

Shari will present the paper titled

Do Youth Employment Programs Work? Evidence from the New Deal

Abstract: We study the Civilian Conservation Corps (CCC) – the first and largest youth training program in
the U.S. in operation between 1933 and 1942 – to provide the first comprehensive assessment of
the short- and long-term effects of means-tested youth employment programs. We use digitized
enrollee records from the CCC program in Colorado and New Mexico and matched these records
to the 1940 Census, WWII enlistment records, Social Security Administration records, and death
certificates. We find that enrollees who spent more time in CCC training grew taller, lived longer
lives and had higher lifetime earnings as a result of their participation in the program. We also
find modest increases in the educational attainment of the participants and increases in short term
geographic mobility. In contrast, we find no evidence that their labor force participation or wages
increased in the short run. To assess the internal and external validity of the results, we compare
our estimates to those derived from a randomized evaluation of Job Corps, the modern version of
the CCC, conducted in the 1990s. The RCT’s results show that our empirical strategy delivers
estimates that are in line with the experimental estimates. Overall, we find significant long-term
benefits in both longevity and earnings, suggesting short and medium-term evaluations
underestimate the returns of training programs, as do those that fail to consider effects on
longevity.

Organisers: Bishnupriya Gupta & Claudia Rei

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Title to be advised.

Title of paper to be advised.

This seminar is via Zoom, details to follow.

Title to be advised.

Organisers: Bishnupriya Gupta & Claudia Rei

Meeting registration: https://docs.google.com/spreadsheets/d/19yAXbaJWko_UNrgwuktv3INE3rSueMLWviHEcgHYicM/edit#gid=0

This seminar is joint with Bristol University and Warwick will be hosting today's event.

Title to be advised.

Seminar organisers: Manuel Bagues & Ludovica Gazze

Title to be advised

Title of paper to be advised.

This seminar is via Zoom, details to follow.

This will be the 100th webinar we host since we began the series in April 2020.

Title: “Tackling Sexual Harassment: Evidence from India”

Zoom Link: https://monash.zoom.us/j/83010180431?pwd=TU81bnRFWmxYd2hTaDJ0Z3p5UUtKQT09

The title and link for David’s talk will be Rising Wage Inequality: Technological Change and Search Frictions.

Abstract: This paper examines whether labor market frictions can explain the level and growth of the college wage premium in the US. I develop a novel model where both capital skill complementarity and differences in the search frictions faced by college and non-college workers drive the college wage premium. The presence of search frictions, and hence monopsonistic power, provides a range of explanations for rising college premiums not present in competitive models i.e. changes to relative job offer rates, to firm heterogeneity or to bargaining power between education groups. College workers enjoy substantially lower job destruction rates and higher job offer rates than non-college workers, which generates the presence of a significant, and relatively stable, college wage premium in my model. I also find that bargaining strength, as captured by unionization rates, starts off at similar levels for college and non-college workers but declines more severely for non-college workers. This trend explains a substantial portion of the growth in the college wage premium in my baseline model.

David will be visiting the department for this Seminar - Dita Eckardt will be hosting this visit.

Title to be advised.

Title of paper to be advised.

This seminar is via Zoom, details to follow.

Title of paper to be advised.

This seminar is via Zoom, details to follow.

Title of paper: Trading Non-Tradables: The Implications of Europe's Job Posting Policy

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Modibo Camara (Northwestern University), "Computationally Tractable Choice"

Zoom link: https://us02web.zoom.us/j/85257798189?pwd=emw0WE4rb2hSV2JmcVNpcGd1VFhBUT09

Meeting ID: 852 5779 8189
Passcode: SET2022

Title of paper: Revealed Beliefs and the Marriage Market Return to Education

Personal website

Title of paper: Sequential Learning under Informational Ambiguity

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Enrico de Magistris (Boston University), "Investing in Outside Options in Bargaining"

Zoom link: https://us02web.zoom.us/j/85257798189?pwd=emw0WE4rb2hSV2JmcVNpcGd1VFhBUT09

Meeting ID: 852 5779 8189
Passcode: SET2022

Title of paper: Mental Illness Discrimination

Personal website

Title of paper: The Grass is Actually Greener on the Other Side: Evidence on Green Multipliers from the United States

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