Calendrier du mois de mai 2024
| Programme de la semaine précédente | Programme de la semaine | Programme de la semaine suivante | |
| (du 2024-04-22 au 2024-04-29) | (du 2024-04-29 au 2024-05-05) | (du 2024-05-05 au 2024-05-12) |
Semaine du 2024-04-29 au 2024-05-05 |
Casual Friday Development Seminar - Brown Bag Seminar
Du 03/05/2024 de 13:00 à 14:00
R1-09
AHMED Resuf (University of Lausanne)
Does Political Quotas Lead to Development? Evidence from India
EU Tax Observatory Seminar
Du 03/05/2024 de 12:00 à 13:00
Salle R1-14
STAGE Barbara (WHU)
The Value of a Loss: The Impact of Restricting Tax Loss Transfers
écrit avec with Theresa Bührle, Elisa Casi and Johannes Voget
We study the economic consequences of anti-loss trafficking rules, which disallow the use of loss carry-forwards as tax shield after a substantial ownership change. We use staggered changes to anti-loss trafficking rules in the EU27 Member States, Norway and United Kingdom from 1998 to 2019 and find that limiting the transfer of tax losses reduces the number of M&As by 18%. The impairment is driven by loss-making targets. Turning to the broader impact on industry dynamics, we find decreases in survival rates of young companies in response to tighter regulations. Some of these start-up deaths are compensated by new firm entrants. We further detect that loosening of regulation spurs firm entry and survival. Finally, tightening (loosening) anti-loss trafficking rules impairs (increases) return on assets, especially for R&D-intensive firms that are more prone to loss-making in their life cycle.
EPCI (Economie politique du changement institutionnel) Seminar
Du 03/05/2024 de 11:00 à 12:30
MSE salle 116
FLORES Ignacio (World Inequality Database, PSE)
Does Land Inequality Magnify Climate Change Effects? Evidence from France
This paper investigates how the concentration of farmland mediates the impact of climate change on agricultural productivity, with direct implications on resilience to heatwaves. We use a unique combination of French cadastral data and satellite imagery to demonstrate that more unequally distributed land entail greater losses during and after climatic shocks, primarily due to a lack of crop diversity resulting from specialisation. Contrarily to what is found in natural ecosystems in the biology literature, we uncover a productivity-resilience tradeoff, according to which more unequal regions, i.e, less diverse, tend to be less resilient but more productive. Our findings have implications for farmers and policymakers, who should consider these tradeoffs to ensure food security and price stability in the face of the climate crisis.
Macroeconomics Seminar
Du 02/05/2024 de 16:00 à 17:15
PSE- 48 boulevard Jourdan, 75014 Paris, salle R2-21
CANTORE Cristiano (Sapienza University )
A tail of labor supply and a tale of monetary policy
écrit avec Filippo Ferroni Chicago Fed, Haroon Mumtaz Queen Mary University of London and Angeliki Theophilopoulou Brunel University London
We study the interaction between monetary policy and labor supply decisions at the household level. We uncover evidence of heterogeneous responses and a strong countercyclicality of hours worked in the left tail of the income distribution, following a monetary policy shock in the U.S. and the U.K. That is, while aggregate hours and labor earnings decline, employed individuals at the bottom of the income distribution increase their hours worked in response to an interest rate hike. Moreover, their response is stronger in magnitude relative to other income groups. We rationalize this using a two-agent New-Keynesian (TANK) model where our empirical findings can be replicated with heterogeneity in the sensitivity of marginal utility of consumption and a stronger income effect for the Hand-to-Mouth households. This setup uncovers a novel channel of transmission of monetary policy via inequality generated by the Hand-to-Mouth substitution of leisure for consumption following a negative income shock. Using a quantitative model with both intensive and extensive margin of labor
supply that replicates our evidence, we show that this new channel reduces the amplification of monetary policy via inequality generated by the heterogeneous behavior of unemployment along the income distribution.
Texte intégral
Travail et économie publique externe
Du 02/05/2024 de 12:30 à 13:30
PSE- 48 boulevard Jourdan, 74014 Paris, salle R2-21
RAUH Christopher (University of Cambridge)
Beliefs About Maternal Labor Supply
écrit avec Teodora Boneva, Marta Golin, and Katja Kaufmann
We provide representative evidence on the perceived returns to maternal labor supply. A mother’s decision to work is perceived to have sizable impacts on child skills, family outcomes, and the mother's future labor market outcomes. Beliefs about the impact of additional household income can account for some, but not all, of the perceived positive effects. Perceived returns are predictive of labor supply intentions under different policy scenarios related to childcare availability and quality, two factors that are also perceived as important. An information experiment reveals that providing information about benefits of mothers working causally affects labor supply intentions.
Behavior seminar
Du 02/05/2024 de 11:00 à 12:00
ZOOM
FRIEBEL Guido (Goethe University, Frankfurt, Germany)
Gender Promotion Gaps in Knowledge Work: The Role of Task Assignment in Teams
écrit avec Cagatay Bircan, Guido Friebel ,Tristan Stahl
Using rich data on personnel records, work assignments, and performance in a financial
institution, we uncover the mechanisms leading to promotion gaps in knowledge
teamwork. There is a substantial promotion gap for women in early careers. Analyzing
over 10,000 investment projects, we find that assignments to project team leaderships
(a “promotable” task) are crucial in explaining the gaps in promotions and affect longterm
careers. We find causal evidence that male supervisors favor male bankers. A
survey among employees indicates that women perceive to be disadvantaged in the
assignments of tasks, but they do not differ in aspirations and demand for these roles.
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 30/04/2024 de 17:00 à 18:00
R1-09
VARDAXOGLOU Laurence (PSE)
Voting under the influence of far right misinformation
Applied Economics Lunch Seminar
Du 30/04/2024 de 12:30 à 13:30
R2-21
DAVIS Lucas(Stanford University)
ÖZGÜZEL Cem(CES & IZA)
GIRAY AKSOY CEVAT (EBRD & Kings College London)
BLOOM Nicholas(Stanford University)
MARINO Victoria(EBRD)
Shift to Remote Work, Performance, and Well-being
How does a permanent shift to remote work affect firm-level outcomes? Leveraging administrative panel data from 2019 to 2022 from a large call centre where employees transitioned to permanent remote work in response to the pandemic, we find a significant increase in call centre agents' performance after adopting remote work. This performance gain is driven by reduced time spent on individual calls, decreased administrative tasks, and fewer employee breaks. Importantly, our findings demonstrate that these gains do not compromise call quality, as shown by the absence of adverse effects on various call quality measures. To provide a comprehensive understanding, we supplement our analysis with survey data collected from call centre agents, which sheds light on the underlying mechanisms of our results.
Roy Seminar (ADRES)
Du 29/04/2024 de 17:00 à 18:30
R1-09
RUBINSTEIN Ariel (NYU)
No prices and no games: the case of matching problems
écrit avec Michael Richter
Econometrics Seminar
Du 29/04/2024 de 16:15 à 17:30
PSE, room R1-14
GU Jiaying (University of Toronto)
Counterfactual Identification and Latent Space Enumeration in Discrete Outcome Models
écrit avec Co-authors: Thomas Russell and Thomas Stringham
This paper provides a unified framework for partial identification of counterfactual parameters in a general class of discrete outcome models allowing for endogenous regressors and multidimensional latent variables, all without parametric distributional assumptions. Our main theoretical result is that, when the covariates are discrete, the infinite-dimensional latent variable distribution can be replaced with a finitedimensional version that is equivalent from an identification perspective. The finite-dimensional latent variable distribution is constructed in practice by enumerating regions of the latent variable space with a new and efficient cell enumeration algorithm for hyperplane arrangements. We then show that bounds on a certain class of counterfactual parameters can be computed by solving a sequence of linear programming problems, and show how the researcher can introduce additional assumptions as constraints in the linear programs. Finally, we apply the method to a mobile phone choice example with heterogeneous choice sets, as well as an airline entry game example.
Régulation et Environnement
Du 29/04/2024 de 12:00 à 13:30
R1-09
GILLINGHAM Kenneth (Yale University)
*The Electric Vehicle Rebound Effect
Electric vehicles (EVs) are a promising technology for the decarbonization of transportation, especially now that battery storage technologies are becoming more energy-dense and affordable and policy efforts are in place to make electricity generation cleaner. This study examines how much electric vehicles are driven by real-world consumers, and how these consumers respond to changes in the cost per mile of driving when they have an electric vehicle or not. Using rich address-level data on all households in Massachusetts and annual vehicle inspections that include odometer readings, we first show that long-range electric vehicles are driven just as much as comparable conventional vehicles, while short-range electric vehicles are driven less. Further, we show that households that acquire an electric vehicle drive more than previously, but not more than matched households that acquire a conventional vehicle. However, we also show that households respond to both gasoline and electricity prices in their choice of which vehicle to drive. These results highlight how a switch to electric vehicles might change driving choices in upcoming years.