Calendrier du mois de janvier 2019
Economic History Seminar
Du 30/01/2019 de 10:00 à 12:00
Salle R2.20, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
MOORE Lyndon (U. of Melbourne)
Railroad Bailouts in the Great Depression.
écrit avec Toby Daglish (Victoria University of Wellington)
U.S. railroads received loans from the Reconstruction Finance Corporation starting in Febru-
ary 1932, at below-market rates, primarily to meet interest and principal repayments on their
debt. Almost all loan requests were approved. The rst loan approval that a railroad received
was associated with a 55 basis point increase in the credit spreads of its bonds, even after condi-
tioning on observable determinants of credit risk. The bene t of receiving a loan at concessional
interest rates was outweighed by the negative signal that the rm was unable to access credit
through regular channels. Subsequent RFC loans are weakly associated with lower credit spreads
for the railroad's bonds. Speculative grade railroad bonds are the most a ected by news of a
government loan, those bonds' spreads increase by over 260 basis points, whereas investment
grade bonds' spreads are little changed.
Texte intégral
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 29/01/2019 de 17:00 à 18:00
OBERLANDER Lisa ()
Weather fluctuation and consumption in Mexico (joint with X. Játiva)
Paris Migration Seminar
Du 29/01/2019 de 16:30 à 19:00
Collège de France, 3 Rue d'Ulm 75005 Paris (salle de réunion du 4ème étage)
SPECIALE Biagio(Paris 1/PSE)
MILLOCK Katrin(PSE)
BEAUCHEMIN Cris()
UKRAYINCHUK Nadiya()
*
Du 29/01/2019 de 16:30 à 19:00
Collège de France, 3 Rue d'Ulm 75005 Paris (salle de réunion du 4ème étage)
SPECIALE Biagio(Paris 1/PSE)
MILLOCK Katrin(PSE)
BEAUCHEMIN Cris()
UKRAYINCHUK Nadiya()
Politiques migratoires et transition vers l'irrégularité: une analyse longitudinale des flux sénégalais en France, Espagne et Italie
Tell me what you eat, I will tell you who you are: Migrants’ Integration and Big Food Data
Applied Economics Lunch Seminar
Du 29/01/2019 de 12:30 à 13:30
salle R2-01, campus Jourdan - 48 bd Jourdan, 75014 Paris
SEROR Marlon (University of Bristol)
Industrial clusters in the long run: Evidence from Million-Rouble plants in China
This paper exploits the short-lived economic and scientific cooperation between the U.S.S.R. and China, which led to the construction of 156 "Million-Rouble plants" between 1953 and 1958. We isolate exogenous variation in location decisions due to the relative position of allied and enemy airbases and study the long-run impact of these factories on the spatial distribution of economic activity. While the "156" program accelerated structural transformation in treated counties until the end of the command-economy era, this significant advantage eroded in the subsequent period. We explore the nature of the local spillovers responsible for this pattern, and provide evidence about the following externalities: over-specialization, human capital accumulation and competition for skills, and changes in the supply of entrepreneurs.
Roy Seminar (ADRES)
Du 28/01/2019 de 17:00 à 18:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
AUSTEN-SMITH David (Northewestern University)
Optimal exploration
écrit avec César Martinelli
Consider a decision maker who has to choose one of several alternatives, and who is imperfectly informed about the payoff of each of them. In each period, the decision maker has to decide whether to stop and take one of the alternatives, or to continue researching the alternatives. New information is costly and is never conclusive. We provide a dynamic programming formulation of the decision maker’s problem with either a finite deadline or no deadline, and give necessary and sufficient conditions for research to take place for some prior beliefs about the alternatives. We show that, at least for short deadlines and situations in which there is a strictly positive probability the decision maker stops searching in the next period under the optimal plan, the decision maker either explores the best alternative and stops after good news, or explores the second best alternative and stops after bad news, with the former path being optimal if the decision maker is relatively optimistic about the payoff of the alternatives. On the other hand, an example shows that searching the third best alternative can be optimal when there are more than three remaining search periods and there is no likelihood of stopping in the next period.
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 28/01/2019 de 13:00 à 14:00
ALVAREZ Bastien (CEPS, ENS)
*
Du 25/01/2019 de 12:45 à 13:45
EPCI (Economie politique du changement institutionnel) Seminar
Du 25/01/2019 de 11:00 à 12:30
MSE-Paris 1, salle S18 106-112 Boulevard de l'Hôpital 75013 Paris
MESSINA Julian (Inter-American Development Bank (IDB))
Wage Inequality in Latin America
Julian MESSINA Présentera son livre Wage Inequality in Latin America
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 22/01/2019 de 17:00 à 18:00
LETROUIT Lucie (Université Gustave Eiffel)
How to revitalize deprived neighborhoods ? Evidence from a national urban renewal program in France
écrit avec Florence Goffette-Nagot (CNRS-GATE), Sylvain Chareyron (Paris-Créteil)
Paris Trade Seminar
Du 22/01/2019 de 14:45 à 16:15
Sciences Po - 28 rue des Saints-Pères 75007 Paris, 4ème étage, salle H 405
MUENDLER Marc (UC San Diego)
Tasks, Occupations, and Wage Inequality in an Open Economy
écrit avec Sascha O. Becker (University of Warwick, CEPR and CESifo), Hartmut Egger (University of Bayreuth and CESifo), Michael Kochk (University of Bayreuth)
Applied Economics Lunch Seminar
Du 22/01/2019 de 12:30 à 13:30
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
FERNANDEZ-SANCHEZ Martin (PSE)
Mass Migration and Education over a Century: Evidence from the Galician Diaspora
This paper analyzes the impact of mass migration on human capital accumulation at origin over a century. I examine one of the largest migration episodes in the XX century, the Galician diaspora in Latin America. Using data from different historical sources I build a unique database of all Galician villages from 1860 to today with information on migration, literacy rates, migrants' associations and their investments at origin. To infer causality I exploit the fact that the distance to a few ports was a key determinant of migration intensity, especially in times of good economic conditions at destination. The results show that in the short run, migration significantly increased literacy rates due to the selection of illiterate into migration and an increase in the stock of literate. In the long run, migration led to more schools per capita, higher enrolment rates and higher schooling levels. These findings are largely explained by migrants associations financing the construction of schools, by the return of educated migrants, and by a change in perceptions about the value of education.
Casual Friday Development Seminar - Brown Bag Seminar
Du 16/01/2019 de 12:30 à 13:30
Salle R2.01, 48 Bd Jourdan 75014 Paris
TARAZ Vis (Smith College)
Climate change, social protection, and crop yields: Evidence from India
écrit avec *
India’s National Rural Employment Guarantee Act (NREGA), the world’s largest public works program, has been demonstrated to have beneficial impacts on a wide range of outcomes, but its effects on agricultural productivity have been relatively understudied (Sukhtankar, 2017). I test whether NREGA modulates the impact of adverse weather shocks on agricultural yields. My empirical strategy exploits the staggered roll-out of NREGA and random fluctuations in weather. Using nationwide data, I find evidence that NREGA makes yields more sensitive to adverse weather shocks. The effects are most pronounced for labor-intensive crops, indicating that labor market effects may drive my results. My results suggest that the household-level consumption-smoothing benefits of NREGA must be balanced against the challenges to national food security that India faces, particularly in the face of climate change. Hence, implementing complementary programs such as investing in improved seed varieties, expanding extension services and promoting farm mechanization is critical.
Du 15/01/2019 de 16:00 à 17:00
FERNANDEZ SANCHEZ Martin (LISER)
Mès Que Un Club: Football, Identity and Nationalism
écrit avec ***
***
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 15/01/2019 de 16:00 à 17:00
FERNANDEZ SANCHEZ Martin (LISER)
Mès Que Un Club: Football, Identity and Nationalism
Applied Economics Lunch Seminar
Du 15/01/2019 de 12:30 à 13:30
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BARRERA Oscar (¨SE)
Voting for war. The effect of electoral outcomes on conflict, evidence from Colombia
The Colombian conflict experienced a dramatic intensification after 2002 when the national government implemented the Democratic Security policy spearheaded by the Colombian’s Conservative leader Alvaro Uribe. This study examines the direct effects of putting into practice the Democratic Security policy on local violence towards civilians. A regression discontinuity approach shows that the number of civilian victims by Guerrilla bands increases substantially after close elections in municipalities where mayors sharing the DS policy won, whereas no effect of the civilian victims by other bands or official forces was observed. Empirical evidence suggests that the violence reflects either an anticipation strategy followed by the Guerrilla or a manipulation of the scores by the local offices.
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Du 14/01/2019 de 13:00 à 14:00
TRESA Enxhi (Université Cergy-Pontoise)
Public Procurement-Related protection: Insights from the Global Trade Alert Database
écrit avec Anne-Célia Disdier, Lionel Fontagné
Du 11/01/2019 de 12:45 à 13:45
Applied Economics Lunch Seminar
Du 08/01/2019 de 12:30 à 13:30
Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BLANCHET Thomas ()
Divided Behind and Beyond Borders? Income inequality in Europe, 1980-2017
écrit avec Lucas Chancel, Amory Gethin
This paper estimates the evolution of income inequality in 38 European countries from 1980 to 2017 by combining surveys, tax data and national accounts in a systematic manner. We develop a harmonized methodology (based on machine-learning, nonlinear survey calibration and extreme value theory) in order to produce homogeneous pre-tax and post-tax income inequality estimates, comparable across countries and coherent with official national income growth rates. Our findings reveal that income inequalities within European countries increased significantly, while inequalities between countries remained broadly stable over the period. As a result, income disparities in Europe as a whole increased significantly: over the period, bottom 50% earners saw their incomes grow four times slower than the top 0.001%. Income gaps are however substantially wider and have increased much more rapidly in the United States than in the old continent. In 1980, Europe and the US shared similar levels of inequality; in 2017, by contrast, the share of national income accruing to top 1% earners was two times higher in the US. Our findings also stress the need for more transparency on inequality statistics in Europe and continued efforts towards the production, dissemination and analysis of distributional measures of economic growth.