Calendrier du 09 mai 2023
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 09/05/2023 de 17:00 à 18:00
R1-13
ROUX Baptiste (PSE)
Get a Job, or Hit the Books? The Role of In-work Benefits on Youth Education Decisions in France
Paris Trade Seminar
Du 09/05/2023 de 14:30 à 16:00
PSE, 48 boulevard Jourdan, 75014 Paris, salle R2-01
SFORZA Alessandro (U. Bologna)
Credit shocks and firms’ organization
écrit avec E. Acabbi
What happens to firms' organizational structure when they are hit by a negative credit shock? By matching employer-employee data with firm loans and bank balance sheets, we study firms' reactions to a credit shock–the global financial crisis—using a combination of event study design and instrumental variable. We evaluate the impact of a credit shortage on the organization of labor within the firm: when hit by a credit supply shock, firms reduce employment of team leaders more than lower-skilled production workers, while no adjustment is found at the top of the organizational hierarchy. We show that working capital impacts the re-organization of the firms' labor structure via the financing of machines: firms that invested in machines before the financial crisis are more exposed to the credit shock and re-organize by reducing employment of workers that are complementary with machines. The results provide novel evidence of heterogenous complementarities between working capital and skills along the hierarchy of the firm.
Applied Economics Lunch Seminar
Du 09/05/2023 de 12:30 à 13:30
Salle R2-21
RIBERTH Jonatan (Stockholm University)
Medical scandals and vaccine hesitancy
In this paper we consider the effects on vaccine hesitancy and health care utilization from an unusual medical scandal. Following the 2009–2010 swine flu pandemic, a small number of individuals developed narcolepsy, a severe neurological disease, as a result of vaccination against the swine flu. We use new individual level data on covid and swine flu vaccinations to measure vaccine hesitancy among the affected individuals. We find a lower covid vaccine uptake among individuals that are exposed to the individuals that developed narcolepsy. These effects are large. Family members of the affected individuals have a 10 percentage point lower covid vaccine uptake. We conclude that previous health scandals can have a lasting impact on future uptake of vaccines which in turn bears relevance for how fast vaccines should be rolled out.