Calendrier du 29 septembre 2022
Macroeconomics Seminar
Du 29/09/2022 de 16:00 à 17:15
PSE- 48 boulevard Jourdan, 75014 Paris, salle R1-14
RANCIèRE Romain (USC)
International Diversification, Reallocation, and the Labor Share
écrit avec Joel M. David, David Zeke
How does increasing international financial diversification affect firm-level and aggre-
gate labor shares? We answer this question using a novel framework of firm labor choice
under uncertainty. The theory predicts that international risk sharing leads to a realloca-
tion of labor towards riskier/low labor share firms and a rise in the median (or within-firm)
labor share, matching key micro-level facts. We use firm-level and cross-country data to
document a number of empirical patterns consistent with the theory, namely: (i) riskier
firms have lower labor shares, (ii) international diversification is associated with reallo-
cation towards risky firms and declines in the aggregate labor share, and (iii) industries
with greater heterogeneity have higher sensitivity of their labor share to international diversification.
Texte intégral
brown bag Travail et Économie Publique
Du 29/09/2022 de 12:30 à 13:30
PSE- 48 boulevard Jourdan, 74014 Paris, salle R2-01
GRAVOUEILLE Maxime (pse)
Wage and Employment Effects of Worker Subsidies
This paper estimates the wage and employment effects of worker subsidies using a nation-wide reform of in-work subsidies in France. Based on a shift-share IV design leveraging variation in exposure to the reform across distinct labor markets and quasi-random assignment of changes in tax rates, I show that employers are able to capture a significant part of the subsidy through reduced wage growth. At the labor market level, I find that more generous in-work subsidies are associated with an increase in labor supply, both for the number of hours worked and for the participation rate, and with a decrease in the hourly wage rate growth.
PEPES (Paris Empirical Political Economics) Working Group
Du 29/09/2022 de 12:30 à 14:00
Sciences Po.
YUCHTMAN Noam (LSE)
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Behavior seminar
Du 29/09/2022 de 11:00 à 12:00
Online
ALOS-FERRER Carlos (Zurich Center for Neuroeconomics (ZNE), University of Zurich)
Learning Preferences from Response Times
This talk reports on recent work showing how to use response time data and choice frequencies to elicit preferences nonparametrically when choices are stochastic. It discusses theoretical results and their empirical implementation. The talk also discusses two recent applications. The first shows how we can separate non-transitive preferences from noise-generated transitivity violations, a problem so far unresolved. The second shows how to apply the techniques to improve the analysis of survey data and determine whether a group (defined, e.g., by gender, age cohort, socioeconomic status, etc.) prefers an option over its alternative more than another group, even when individual choices are noisy, and without any assumptions on the noise