Calendrier du mois de juin 2018
Macroeconomics Seminar
Du 28/06/2018 de 15:45 à 17:00
PSE - 48 boulevard Jourdan, 75014 Paris, salle R1-09
BERKA Martin (Massey University)
*
brown bag Travail et Économie Publique
Du 28/06/2018 de 12:30 à 13:30
WALDENSTROM Daniel (Paris School of Economics)
Perceptions of wealth inequality and the support for inheritance taxation: Evidence from a randomized experiment
écrit avec Co-author: Spencer Bastani
Behavior seminar
Du 28/06/2018 de 11:00 à 12:00
New building R1-09
STUTZER Alois (Faculty of Business and Economics, University of Basel)
Women leaving the playpen: The emancipating role of female su
écrit avec Michaela Slotwinski (University of Basel)
Economic History Seminar
Du 27/06/2018 de 12:30 à 14:00
Salle R1-13, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
STANZIANI Alessandro (EHESS)
Labor on the fringes of Empires, Palgrave Macmillan, 2018
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 26/06/2018 de 17:00 à 18:00
VANNIER Brendan ()
Firm diversity, Financing Patterns, Financial Crises
Paris Trade Seminar
Du 26/06/2018 de 14:30 à 16:00
PSE, 48 boulevard Jourdan, 75014 Paris - salle R1-09
MEJEAN I. (Polytechnique)
Search Frictions in International Good Markets
écrit avec Clémence Lenoir (CREST-ENSAE) et Julien Martin (UQAM)
We develop and estimate a model of search frictions in international good markets and study its implications for individual and aggregate trade flows. The mdoel introduces random meeting of buyers in an otherwise standard Eaton and Kortum (2002) framework. We show that search frictions impede aggregate exports but have a non-trivial impact on individual firms' trade. A reduction in these frictions increases sellers' exposure to foreign buyers but also reduces their chance to be the lowest cost supplier because of more competition among sellers. We build on this model to structurally estimate search frictions faced by French exporters using a generalized method of moments and firm-to-firm French export data. We document the magnitude of these frictions across sectors and destinations and show that their presence help; i) reconcile the EK framework with heterogeneity in firm-level export behaviours; and ii) quantify the relative role of search frictions and productivity heterogeneity in the selection of firms into export.
Applied Economics Lunch Seminar
Du 26/06/2018 de 12:30 à 13:30
R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
ZHU Junyi(Bundesbank)
PASTEAU Etienne(PSE)
Love and money with inheritance: marital sorting by labor income and inherited wealth in the modern partnership
As the importance of capital is resurging in rich countries, the dynamics of wealth
inequality are being increasingly affected by inheritance distribution. The relative
attraction derived from inherited wealth and acquired human capital in marital
choices may be undergoing change. We expand the traditional dimension of assortative
mating through only labor income to cover both labor income and inheritance.
This paper studies the concentration and substitutability of these two traits in
forming partnerships using data for Germany from the Panel on Household Finances
(PHF). Relative to France, Germany’s aristocratic wealth has experienced more
negative shocks since WWII, social stratification is perceived as less acute, and half
of the country went through decades of communism. However, our results come
quantitatively close to the distributional outcomes seen in France. By assuming a
sequential revelation of inheritance and labor income in marital sorting, we develop
a stylized multidimensional matching model which adequately replicates the sorting
pattern observed using marginal distributions of these two traits from either gender.
Our estimate suggests inheritance is about two and a half times more important
than labor income in explaining marriage choice. This quantitative result seems to
characterize the expected lifetime inheritance and labor income after marriage for
Germany under the actual rate of return, growth rate, demographics as well as rapid
expansion of bequest flows in recent history.
Texte intégral
Casual Friday Development Seminar - Brown Bag Seminar
Du 22/06/2018 de 12:45 à 13:45
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
FERNANDEZ-SANCHEZ Martin (PSE)
Mass Migration and the Education of the Left Behind: Evidence from the Galician Diaspora in The Americas
Travail et économie publique externe
Du 21/06/2018 de 12:30 à 13:45
RAUTE Anna (Queen Mary University London)
Can financial incentives reduce the baby gap? Evidence from a reform in maternity leave benefits; IMPORTANT: ROOM CHANGE - R2-01
In this paper, I assess whether earnings-dependent maternity leave positively impacts fertility and narrows the baby gap between high educated (high earning) and low educated (low earning) women. I exploit a major maternity leave benefit reform in Germany that considerably increased the financial incentives for higher educated and higher earning women to have a child, by up to 21,000 EUR. Using the large differential changes in maternity leave benefits for the child yet to be born across education and income groups in a differences-in-differences design, I estimate the causal impact of the reform on fertility up to 5 years post reform. In addition to demonstrating an up to 22% increase in the fertility of tertiary educated versus low educated women, I find a positive, statistically significant effect of increased benefits on fertility, driven mainly by women at the middle and upper end of the education and income distributions. Overall, the results suggest that earnings-dependent maternity leave benefits, which compensate women commensurate with their opportunity cost of childbearing, could successfully reduce the fertility rate disparity related to mothers' education and earnings.
Behavior seminar
Du 21/06/2018 de 11:00 à 12:00
PSE 48, bld Jourdan PARIS (75014) salle R2-01
VAN DER STRAETEN Karine (Toulouse School of Economics)
Voting corrupt politicians out of office: Evidence from an Experiment in Paraguay
écrit avec Rumilda Canete, Pepita Miquel (Toulouse School of Economics & IAST) and Stephane Straub (Toulouse School of Economics & IAST).
Corruption is a major threat to economic and social development. Democracy in itself is not necessarily conducive to less corruption. Voters may lack information on politicians' wrongdoings, and electoral institutions may make it hard for them to remove corrupt politicians from office. From these premises, one might expect that more information and more open electoral systems, that is, systems giving voters more freedom to express their preferences over individual candidates, should help remove corrupt politicians from office. We propose a simple theoretical model describing voters' behavior under closed list and open list proportional representation systems, and derive predictions regarding the impact of electoral rules and information on candidates' electoral prospects. We test these hypotheses in a survey experiment performed in Paraguay taking advantage of a rare social uprising following a corruption scandal. We find that under the more open system, supporters of the incumbent party -the most corrupt party- do actually exhibit a preference for corrupt politicians, and that this is not due to a lack of information. Besides, under the open system, vote shares for the big political parties increase, especially so for the incumbent. Based on this evidence, we challenge the conventional view that more open electoral systems are necessarily good at fighting corruption.
PEPES (Paris Empirical Political Economics) Working Group
Du 20/06/2018 de 12:30 à 14:00
salle R1-16, campus Jourdan - 48 bd Jourdan 75014 Paris
JIA Ruixue (UCSD)
The Value of Elite Education in China
écrit avec Li Hongbin
This paper studies the labor market consequences of elite education in China, examines the relative importance of elite education and parental background, and sheds light on the mechanisms underlying the impacts of elite education on labor market outcomes. We overcome challenges of data availability and selection bias by compiling our own large-scale dataset and exploiting a discontinuity in elite university admissions eligibility that exists around college entrance exam cutoff scores. We find that receiving an elite education increases the monthly wages of workers by 30-40%. Elite education affects inter-generational mobility, but it does not change the influence that parental background has on employment outcomes. There is suggestive evidence that the wage premium is more likely to be explained by university-related networks and signaling than human capital.
Keywords: education, mobility, human capital, China, college exam, college entrace, elite education
Economic History Seminar
Du 20/06/2018 de 12:30 à 14:00
Salle R1-13, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
ROTHSCHILD Emma (Harvard)
An Endless History: Economic Life in Angoulême, 1713-1906
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 19/06/2018 de 17:00 à 18:00
Jourdan - R1-11
HOTTE Rozenn()
CRESPIN-BOUCAUD Juliette(PSE)
Impact of Divorce on Children's Educational Attainments: Evidence from Senegal
Applied Economics Lunch Seminar
Du 19/06/2018 de 12:30 à 13:30
R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BONNET Celine(Toulouse School of Economics, INRAE)
SOTURA Aurélie(BdF)
Spatial disparities - France - 1960-2014
This study explores the evolution of spatial inequality in France from 1960 to 2014. It builds on works by Combes & al. (2011) and Roses & al. ( 2016) and shed new light on living standards convergence by using a new and unique database on income distribution of each French textit{départements} since 1960. We have constructed this database using 4500 fiscal tabulations collected in the archives of the French Ministry of Finance, a new demographic database by Bonnet (2018), and income distribution for France computed by Garbinti $&$ al. (2018).
First we show that total income inequality in France comes mostly from within textit{départements} inequality and that between textit{départements} income inequality has strongly decreased during the 20th century. Second, while value added per capita inequality, after following an inverted U-shaped relationship from the middle of the 19th century since the 80's, has considerably increased in the last decades, income inequality has decreased then stabilized. We argue that value added per capita inequality in the last decades has increased because value added has concentrated. This, we suspect, stems from agglomeration economies and skill-biased technical change in big cities. We cannot prove it with our data but we do find some evidence such as the fact that top earners have concentrated in urban textit{départements} with big cities in the last decades.
Increasing value added per capita inequality did not lead to increasing income divergence between textit{départements} for two reasons: first, retirees relocating to non productive but attractive places have homogenized income sources over the French territory. Second, as we know from Guillot & al. (2016), net wage inequalities have decreased while labor cost inequalities have increased over the 1976-2010 period. Therefore, we believe that taxation has mitigated labor cost inequality leading to smaller spatial income inequality than value added per capita inequality.
Paris Migration Seminar
Du 15/06/2018 de 15:30 à 19:00
PSE , Room R1-09, 48 Bd Jourdan 75014 Paris
écrit avec Organizers : Hillel Rapoport (PSE and CEPII) and Biagio Speciale (PSE)
Casual Friday Development Seminar - Brown Bag Seminar
Du 15/06/2018 de 12:45 à 13:45
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
LEHNE Jonathan (PSE)
An opium curse? The long-run consequences of narcotics cultivation in British India
Macroeconomics Seminar
Du 14/06/2018 de 15:45 à 17:00
PSE - 48 boulevard Jourdan, 75014 Paris, salle R2-21
VIOLANTE Gianluca (Princeton)
*
brown bag Travail et Économie Publique
Du 14/06/2018 de 12:30 à 13:30
ANDREESCU Marie (PSE)
Can female role models reduce the gender gap in science? Evidence from classroom interventions in French high schools
écrit avec Co-authors: J. Grenet, M. Monnet, and C. Van Effenterre
This paper reports the results of a large scale randomized experiment that was designed to assess whether a short in-class intervention by an external female role model can influence students’ attitudes towards science and contribute to a significant change in their choice of field of study. The intervention consists in a one hour, one off visit of a high school classroom by a volunteer female scientist. It is targeted to change students’ perceptions and attitudes towards scientific careers and the role of women in science, with the aim of ultimately reducing the gender gap in scientific studies. Using a random assignment of the interventions to 10th and 12th grade classrooms during normal teaching hours, we find that exposure to female role models significantly reduces the prevalence of stereotypes associated with jobs in science, for both female and male students. While we find no significant effect of the classroom interventions on 10th grade students’ choice of high school track the following year, our results show a positive and significant impact of the intervention on the probability of applying and of being admitted to a selective science major in college among 12th grade students. This effect is essentially driven by high-achieving students and is larger for girls in relative terms. After the intervention, their probability to be enrolled in selective science programs after graduating from high school increases by 30 percent with respect to the baseline mean.
PEPES (Paris Empirical Political Economics) Working Group
Du 14/06/2018 de 12:30 à 14:00
salle R2-01, campus Jourdan - 48 bd Jourdan 75014 Paris
BECKER Maja (Université de Toulouse )
Austerity and Populism: Evidence from the UK
écrit avec Thiemo Fetzer
TOM (Théorie, Organisation et Marchés) Lunch Seminar
Du 14/06/2018 de 12:30 à 13:30
salle R2-20, campus Jourdan - 75014 Paris
COUANAU Quentin (PSE) TBA;
La séance est annulée
Development Economics Seminar
Du 13/06/2018 de 16:30 à 18:00
salle R2-01, campus Jourdan, 48 boulevard Jourdan 75014 Paris
WAHHAJ Zaki (Keynes College, University of Kent)
Marriage, Work and Migration: The Role of Infrastructure Development and Gender Norms
écrit avec Amrit Amirapu (University of Kent) and Niaz Asadullah (University of Malaya)
Traditional gender norms can restrict female independent migration, thus limiting rural women in their ability to take advantage of economic opportunities in urban non-agricultural industries. Under such restrictions, marriage can potentially become a means of female long-distance migration and produce interlinkages between marriage and labour markets. To test this hypothesis, we use the event of the construction of a major bridge in Bangladesh – which dramatically reduced travel time between the economically deprived north-western region and the industrial belt located around the capital city Dhaka – as a source of plausibly exogenous variation in migration costs. We find effects of the bridge construction on rural women from north-western Bangladesh, but only for those coming from families above a poverty threshold: they are more likely to migrate towards Dhaka, work in the urban manufacturing sector, and pay a higher dowry. There is a statistically significant effect on marriage-related migration but not on economic migration. We find no effects on women from families below the poverty threshold.
Economic History Seminar
Du 13/06/2018 de 12:30 à 14:00
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
O SULLIVAN Mary (Université de Genève)
No Capitalism Please, We’re Historians: The Elusive Rôle of Profit in the History of Economic Life
If capitalism is to have a distinctive economic meaning, that meaning stems not from the mere existence of capital but from capital’s relationship to profit. That makes the study of the generation and appropriation and erosion of profit of crucial importance to an understanding of capitalism. However, historians of economic life – whether economic historians, the new historians of capitalism or business historians – are remarkably reluctant to grapple with the history of profit. One could illustrate the point using any major controversy in the history of capitalism but I will illustrate historians’ neglect of profits by drawing on the ongoing debate about capitalism and slavery. Then I will turn to an important exception to the rule by focussing on the substantial and heterogeneous literature on the history of accounting. That literature offers valuable guidance on the meaning and measurement of profit over time but that is not the same as a history of profit. Instead what we need are historical studies of the generation, erosion, appropriation and deployment of profits and I will draw on historical research on profit and capital in mercantile history to suggest that such studies can offer promising insights on the historical dynamics of capitalism.
Paris Trade Seminar
Du 12/06/2018 de 14:30 à 16:00
PSE, 48 boulevard Jourdan, 75014 Paris - salle R2-21
REDDING S. (Princeton)
Accounting for Trade Patterns
écrit avec David E. Weinstein Columbia University and NBER
Applied Economics Lunch Seminar
Du 12/06/2018 de 12:30 à 13:30
R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
LARDEUX Raphael (CRED PARIS 2)
Who Understands The French Income Tax ? Bunching Where Tax Liabilities Start
Lack of tax transparency may strongly impact taxpayers’ behavior. This pa-
per disentangles responses to incentives from attention to taxes at the level where
French income tax liabilities start. When reporting their earnings, tax filers may
be confused between two potential thresholds: the true Tax Collection Threshold
(TCT), a notch, and a wrong Taxation Threshold (TT), which is a kink. Using
a comprehensive dataset on individual income tax returns from 2008 to 2015, I
highlight significant bunching in the taxable income distribution at both thresholds.
Within a model of tax misperception, I estimate that taxpayers are far from paying
full attention to the income tax system, yet display strong reactions to the marginal
tax rate they perceive. This framework can account for behavioral responses to a
rise in the virtual marginal tax rate at the wrong threshold and may prove useful to
detect policies improving attention to taxes. Contrasting hard-copy and online tax
filers, the misperception model reveals a better understanding of the tax system by
the latter.
Roy Seminar (ADRES)
Du 11/06/2018 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
LIPMAN Barton (Boston University)
Acquisition of/Stochastic Evidence
Régulation et Environnement
Du 11/06/2018 de 12:00 à 14:00
Salle R1-13, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
WAGNER Ulrich (Mannheim)
THE CO-POLLUTION BENEFITS OF CLIMATE POLICY: EVIDENCE FROM THE EU EMISSIONS TRADING SCHEME
écrit avec with Laure B. de Preux
Carbon dioxide (CO2) emissions are known to cause global climate change but no damage to the local environment. However, because CO2 is often jointly produced with other substances that pollute the environment, CO2 abatement may generate ancillary benefits, especially for human health.
Previous research suggests that these co-benefits can offset a substantial share of the economic costs of mitigation policies. This paper conducts the first empirical test of this hypothesis in the context of the European Emissions Trading Scheme (EU ETS) for CO2. The econometric analysis exploits comprehensive microdata on discharges of more than 90 different pollutants into air, water and soil, at more than
28,000 commercial installations in 31 European countries. It is found that the EU ETS decreased air releases of some pollutants while increasing water releases of other pollutants. Moreover, in some cases the patterns of spatial redistribution are strongly correlated with income, population size or age. The implications for the efficiency and environmental justice of the EU ETS are discussed.
Casual Friday Development Seminar - Brown Bag Seminar
Du 08/06/2018 de 12:45 à 13:45
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BEKKOUCHE Yasmine (PSE)
Colonial origins and teaching practices: evidence from Cameroon
écrit avec Yannick Dupraz (Warwick University)
brown bag Travail et Économie Publique
Du 07/06/2018 de 12:30 à 13:30
TONDINI Alessandro (Paris School of Economics)
Cash Transfers, Unemployment and Informality: Evidence from South Africa's Child Support Grant
This paper explores the role of cash transfers in workers' allocation across the formal and informal sectors. I study the impact of an unconditional grant in South Africa paid to Black and Coloured mothers, for whom a significant share of employment is informal. I use discontinuous exposure for children of adjacent cohorts to identify the labor market effects on mothers of roughly one year of grant (400 $ 2010). I show that recipients of this grant are more likely to be unemployed when receiving the transfer. Five years after the grant has stopped, the employment probability is the same, but mothers who had received the grant are more likely to work in the formal sector. I present evidence that these are possibly the results of less binding liquidity constraints when unemployed, as the grant allows to spend more on transport when looking for a job.
TOM (Théorie, Organisation et Marchés) Lunch Seminar
Du 07/06/2018 de 12:30 à 13:30
salle R2-20, campus Jourdan - 48 bd Jourdan, 75014 Paris
COLO Philippe (PSE)
Cheap Talk under Ambiguity: The IPCC in Climate-Change Agreements.
Abstract : The Intergovernmental Panel on Climate Change (IPCC) has gained a central position on the report of scientific knowledge on climate change. This paper shows that the IPCC can take advantage of it to mitigate the inefficiency of the level of greenhouse gas emissions in international environmental agreements (IEA). I model an IEA as a game of contribution to a public bad. In making confidence statements over global warming predictions, the IPCC plays a cheap talk game with IEA participants. Under the assumption that players are maxmin expected utility maximisers I show that there is a unique sequential equilibrium in this game. This result backs up the idea that the IPCC could play a regulatory part in the management of climate change. In addition, it sheds new light on the role of strategic communication under ambiguity, supporting the view that it can contribute to restoring economic efficiency.
Behavior seminar
Du 07/06/2018 de 11:00 à 12:00
New bâtiment R2-21
POLLAK Catherine (DREES-Min. de la Santé)
Fathers' Multiple-Partner Fertility and Children’s Educational Outcomes
We find substantial effects of fathers' multiple-partner fertility (MPF) on children's long-term educational outcomes. We focus on the children in fathers’ “second families,” emphasizing the case in which the second families are nuclear families – households consisting of a man, a woman, their joint children, and no other children. We analyze outcomes for almost 80,000 children born in Norway in 1986-1988 who, until they were at least age 18, lived with both biological parents. This analysis cannot be done using existing US data sets. Children who spent their entire childhoods in nuclear families but whose fathers had children from another relationship living elsewhere were more likely to drop out of secondary school (24% vs 17%) and less likely to obtain a bachelor's degree (44% vs 51%) than children in nuclear families without MPF. Our probit estimates imply that the marginal effect of fathers' MPF is 4 percentage points for dropping out of secondary school and 5 percentage points for obtaining a bachelor's degree. Our analysis suggests that the effects of fathers' MPF are primarily due to selection.
Development Economics Seminar
Du 06/06/2018 de 16:30 à 18:00
salle R2-01, campus Jourdan - 48 bd Jourdan 75014 Paris
SADOULET Elisabeth (UC Berkeley)
Subsidy Policies and Insurance Demand
écrit avec Jing Cai (University of Maryland), NBER and BREAD & Alain de Janvry (University of California at Berkeley)
Using data from a two-year randomized pricing experiment in China, we study the
impact and design of subsidy policies for weather insurance. Results show that subsidies
are effective in boosting demand in the short-run but not in the longer term. Exploring
the channels, we show that while subsidies increase the direct and social effects of
payout experiences by enlarging coverage, they also dampen these effects by reducing
attention to payouts. We estimate a demand model for policy simulations. Results
suggest that the optimum subsidy scheme should be continuously adjusted based on
the policy objective and on past subsidies and payouts.
Economic History Seminar
Du 06/06/2018 de 12:30 à 14:00
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
HURET Romain (EHESS/CENA)
Rethinking the Death Tax's Origins: States, Federalism and Inheritance Tax in the United States (1826-1929)
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 05/06/2018 de 17:00 à 18:15
Jourdan - R1-13
BRIOLE Simon(Paris School of Economics)
LEPINTEUR Anthony(Université de Luxembourg)
TBD
Applied Economics Lunch Seminar
Du 05/06/2018 de 12:30 à 13:30
R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
* * (PSE)
The effect of labour taxation on top earners mobility: Evidence from Europe
As a geographic zone with no internal barriers to migration but substantially different levels of taxation, the European Union provides a unique laboratory to examine the effect of taxation on migration. This paper analyses the effects of top earnings tax rates on the mobility of top earners in Europe. Building a detailed micro-level dataset from the largest European labour survey, I investigate how heterogenous levels of taxation affect the migration behaviour of top income migrants and top earners mobile workers. Exploiting country-by-year variation in top marginal tax rates and differential impacts of changes in top tax rates on workers of different earnings level, I estimate macro and micro-level elasticities of migration with respect to taxation.
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 04/06/2018 de 13:00 à 14:00
Salle R2-20, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
VOLPE Christian (Inter-American Development Bank)
Information and Exports: Firm-Level Evidence from an Online Platform
Lack of information is an important trade barrier. Online platforms connecting firms can reduce this barrier and thereby affect firms’ exports. We examine whether this is the case by focusing on a free online business platform that, by the end of 2016, connected more than 16,000 firms from almost a hundred countries. In particular, we estimate the impact of using the platform on firms’ export outcomes, along both the intensive and extensive margins, exploiting data on firms’ participation in this platform along with customs data from Peru for the period 2010-2016. In so doing, we apply an instrumental variables approach whereby firms’ use of the business platform is instrumented with information on the distribution of emails announcing its launching by Peru’s national trade promotion organization. Consistent with the interpretation of the platform as an information cost-reducing mechanism, our results suggest that its utilization allowed firms to expand their exports by primarily increasing the number of products they sell abroad and enlarging their buyer base.
Régulation et Environnement
Du 04/06/2018 de 12:00 à 14:00
Salle R1-13, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
JESSOE Katrina (UC Davis)
Gains from Water Markets: Micro-level Evidence on Agricultural Water Demand
écrit avec with Ellen Bruno
This paper demonstrates that the establishment of well-functioning water markets may substantially mitigate the costs of drought. We develop a framework to model the costs of incomplete water regulation, and simulate the efficiency gains from water trading across the agricultural and urban sectors. Critical to this exercise are credible estimates of the price elasticity of demand for agricultural water. We use monthly panel data on well-level agricultural groundwater extraction in an area that charges volumetric rates for groundwater to estimate the elasticity. Demand is inelastic, with estimates ranging from -0.17 to -0.22. Our simulation suggests that in an agriculturally productive and dense urban area of California, a water market could have reduced the welfare impacts to residential users from the 2015 drought mandate by 60% from $83 million to $33.5 million. Water markets present a promising adaption strategy to climate change.
Casual Friday Development Seminar - Brown Bag Seminar
Du 01/06/2018 de 12:45 à 13:45
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
ATALLAH Marian (PSE)
Skills and Self-Employment in Developing Countries: Evidence from the World Bank's STEP surveys