Calendrier du 08 mars 2021
Paris Migration Seminar
Du 08/03/2021 de 17:30 à 18:30
GHOSE Devaki (The World Bank)
Trade, Internal Migration, and Human Capital: Who Gains from India’s IT Boom?
How do trade shocks a?ect welfare and inequality when human capital is endogenous? Using an external IT demand shock and detailed internal migration data from India, I ?rst document that both IT employment and engineering enrollment responded to the rise in IT exports, with IT employment responding more when nearby regions have higher college age population. I then develop a quantitative spatial equilibrium model featuring two new channels: higher education choice and differential costs of migrating for college and work. Using the framework, I quantify the aggregate and distributional e?ects of the IT boom, and perform counterfactuals. Without endogenous education, estimated aggregate welfare gain from the export shock would have been half and regional inequality about a third higher. Reducing barriers to mobility for education, such as reducing in-state quotas for students at higher education institutes, would substantially reduce inequality in the gains from the IT boom across districts.
Texte intégral
Roy Seminar (ADRES)
Du 08/03/2021 de 17:00 à 18:00
online
GREEN Brett (WUSTL)
Due Diligence
Due diligence is common practice prior to the execution of corporate or real estate transactions. We propose a model of the due diligence process and analyze its effect on prices, efficiency, and the division of surplus. In our model, if the seller accepts an offer, the acquirer has the right to gather information and chooses when to execute the transaction. Our main result is that the acquirer engages in “too much” due diligence relative to the social optimum. Nevertheless, allowing for due diligence can improve both total surplus and the seller’s payoff compared to a setting with no due diligence. The optimal contract involves both a price contingent on execution and a non-contingent transfer, resembling features such as earnest money or break-up fees that are commonly observed in practice.
Econometrics Seminar
Du 08/03/2021 de 16:00 à 17:15
KASY Maximilian (University of Oxford)
The social impact of algorithmic decision making: Economic perspectives
écrit avec https://maxkasy.github.io/home/files/papers/adaptive_combinatorial.pdf
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 08/03/2021 de 13:00 à 14:00
https://zoom.univ-paris1.fr/j/99575966216?pwd=VmVmb2FZSklHU01SWU5aK3pLODVwdz09
VANNELLI Giulio (Università degli Studi di Trento, PSE)
Global Value Chains participation and firm boundaries: evidence from French FDI
écrit avec Giorgia Giovannetti (Università degli Studi di Firenze, EUI), Gianluca Santoni (CEPII)
The tremendous development of new technologies during the last decades allowed for an increasing interconnection between countries' economies and firms' activities: both commercial and financial linkages along value chains intensified, and also overlapped. As a consequence, Global Value Chains (GVCs) and Foreign Direct Investments (FDI) have dominated the international economics literature as two sides of the same coin. Using French administrative data, this paper studies the relationship between these two topics at the firm level. Trade and investments are found to be complement, with the first increasing the future likelihood of the latter. Using trade in intermediates as a proxy for GVCs participation, I prove that GVCs-related trade drives the effect.
Régulation et Environnement
Du 08/03/2021 de 12:00 à 13:30
Online
CHANCEL Lucas ()
Global carbon inequality