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Joseph Lyon Mullins
TSE, November 22, 2022, 15:30–16:50, room Auditorium 4
This paper finds that accounting for the human capital development of children has a quantitatively large effect on the true costs and benefits of providing cash assistance to single mothers in the United States. A dynamic model of work, welfare participation, and parental investment in children...
Tommaso Porzio (Columbia University)
TSE, November 22, 2022, 14:00–15:30, room Auditorium 4
We show that barriers to within-firm labor specialization are an important driver of the small size and low productivity of manufacturing firms in Uganda. We develop an equilibrium model of occupational choice and firm size in which firm productivity depends on the ability of both the entrepreneur...
Fabrizio Ferriani
November 22, 2022, 11:30–12:30, Banque de France, Paris, room 4 Espace Conférence & Online
We rely on the ESG ratings assigned by four distinct agencies (MSCI, Refinitiv, Robeco, and Sustainalytics) to study the link between ESG scores and firms' cost of debt financing during the Covid-19 pandemic. We document the existence of a statistically and economically significant ESG premium, i.e...
Jeffrey Franks
Toulouse: TSE, November 21, 2022, 17:00–18:00
The European economy has been hit by twin shocks, with the Covid pandemic followed by a severe energy shock driven by Russia’s invasion of Ukraine. Growth is slipping, inflation is at 40 year highs, and recent financial turbulence in the UK suggests that risk are rising concerning fiscal...
Régis Renault (Université Cergy-Pontoise)
TSE, November 21, 2022, 14:15–15:30, room Auditorium 4
Consumers can either acquire product information at some cost or base their purchase decision solely on whatever information the seller provides. The optimal information design by a monopoly firm deters information acquisition completely and induces a purchase if and only if the consumer's...
Marc Fleurbaey (Paris School of Economics)
TSE, November 21, 2022, 11:00–12:15, room Auditorium 4
The question of whether carbon prices should be equal in all parts of the world has been debated among economists for several decades. Chilchinisky and Heal's (1994) seminal contribution has sparked interest in differential prices aligned to social priorities. With this paper, we revisit the...
Li Bao (TSM)
Toulouse: TSE, November 21, 2022, 11:00–12:30, room d'atelier -Workshop room (ground floor)
In this study, I analyze the reasons that firms go green. I develop a novel green commitment score to measure firms' green levels. The score is based on textual analysis of standardized green commitment information from Chinese-listed firms' annual reports. By exploring the control right transfer...
Christian Hellwig ( TSE)
TSE, November 17, 2022, 16:00–16:45, Auditorium 3
We study optimal tax design based on the idea that policy-makers face trade-offs between multiple margins of redistribution. Within a Mirrleesian economy with earnings, consumption and retirement savings, we derive a novel formula for optimal income and savings distortions based on redistributional...
Victor Gay (TSE, IAST)
TSE, November 17, 2022, 14:45–15:30, Auditorium 3
France’s demographic transition occurred a century ahead of any other country. We test Le Play’s (1884) hypothesis that this early demographic transition was triggered by the French Revolution and its harmonization of inheritance across France. After a series of laws implemented in 1793, the Loi de...
Alexandre de Cornière ( TSE)
TSE, November 17, 2022, 14:00–14:45, Auditorium 3
