Miika Päällysaho

The new volume of the Handbook of Labor Economics is now online. Among the many interesting chapters, check out this excellent synthesis of the literature on human capital and multidimensional skills by David Deming and Mikko Silliman. www.sciencedirect.com/science/arti...

Torstain VATT-seminaarissa Göteborgin yliopiston tutkija Jens Wikström esittelee tutkimustaan ikääntyneiden palvelujen tukemisesta. Tervetuloa!

VATT seminar Thu May 8: Jens Wikström from University of Gothenburg discusses their research:

Should eldercare be subsidized? Theory and evidence from Sweden (joint with Patrizia Massner)

🕥10.30–11.30 (at Economicum, free entry)

More of Jens's research: sites.google.com/view/jenswik...

Fascinating paper on where 6000 global elites went to college. Billionaires, CEOs, heads of state, central bankers, etc.

In a word: Harvard.

Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.

🧵

These two papers, taken together, really cause a rethinking of behavioral economies.

Rather than having anomalous risk preferences; it looks like people have complexity aversion to "hard" decisions, especially on valuation, which drives behavioral anomalies. Herbert Simon ftw.

The Impact of Trade Liberalization in the Presence of Political Distortions (Forthcoming Article) - Political distortions are prevalent in many developing countries, implying substantial productivity losses. This paper investigates the impact of trade liberalization on politi...

Forthcoming in AEJ: Applied Economics: "The Impact of Trade Liberalization in the Presence of Political Distortions" by Sebastian Jävervall and Roza Khoban. www.aeaweb.org/articles?id=...

Autumn Leaves Cannonball Adderley · Somethin' Else (Rudy Van Gelder Edition) · Song · 1958

I get the same feeling when listening to Cannonball Adderley’s version of “Autumn Leaves”. Each performance here is just amazing. open.spotify.com/track/0X5DcG...

Introducing our #EconJMC @agnetaberge.bsky.social. In her #EconJMP “Two-tier collective wage bargaining in a frictional labor market” she develops a general equilibrium model of two-tier bargaining, where central negotiations are supplemented with local adjustments bit.ly/4eUBDgR #econsky 1/6

Introducing our #EconJMC Patrizia Massner. In her #EconJMP “Should Elder Care Be Subsidized? Theory and Evidence from Sweden” Patrizia examines the impact of a 2002 elder care fee reform that lowered costs by 40% on average for 2/3 of Sweden’s municipalities. www.su.se/institute-fo... 1/6 #econsky

War Reparations, Structural Change, and Intergenerational Mobility* Abstract. From 1944 to 1952, largely agrarian Finland had to export, on average, 4% of its yearly GDP in industrial products to the Soviet Union as war rep

Recently accepted by #QJE, “War Reparations, Structural Change, and Intergenerational Mobility,” by Matti Mitrunen: doi.org/10.1093/qje/...

Econometrica | Econometric Society Journal | Wiley Online Library We propose new confidence sets (CSs) for the regression discontinuity parameter in fuzzy designs. Our CSs are based on local linear regression, and are bias-aware, in the sense that they take possibl...

#EconSky
Does anyone know if there is an R/Stata implementation of the bias-aware CIs of Noack and Rothe (ECMA 2024) for RKDs? The `FRD` package the authors provide only supports RDDs, even though in Appendix D the method is extended to RKDs.
Link to paper: onlinelibrary.wiley.com/doi/full/10....

I am happy to share that I have started as a senior researcher at the VATT Institute for Economic Research! It is exciting to be back in Helsinki and at Economicum.

Econometrica | Econometric Society Journal | Wiley Online Library We propose new confidence sets (CSs) for the regression discontinuity parameter in fuzzy designs. Our CSs are based on local linear regression, and are bias-aware, in the sense that they take possibl...

#EconSky, I am looking for some help!
Is there a Stata implementation of the bias-aware confidence intervals developed by Noack and Rothe (ECMA 2024)?
I am aware that the authors provide an R package.
Link to paper: onlinelibrary.wiley.com/doi/full/10....

My brilliant co-author Santiago Hermo is on the job market!
@santiagohermo.bsky.social