Termine

Vortrag

Cal Muckley (University College Dublin)

„Bank organizational culture and misconduct“

Abstract: We examine how and to what extent a bank’s culture influences that bank’s misconduct. We find that banks with a growth-oriented culture are more likely to receive enforcement actions whereas banks with a safety-oriented culture are less likely to receive enforcement actions. Our findings remain despite accounting for look ahead bias, measurement error and omitted variable bias. Using state-level bank branching deregulation following the Interstate Banking and Branching Efficiency act as exogenous shocks to the competitive environment in the banking system, we find evidence supporting a causal effect of corporate culture on misconduct in banks.

Der Vortrag findet am Freitag, den 08.07.2022, von 11:00 bis 12:30 Uhr s.t. im Seminarraum 01012 (Rempartstraße 16, 1.OG) statt. Es kann auch online teilgenommen werden. Bitte kontaktieren Sie  uns unter info@fww-ev.de für die Zugansdaten.

Wir freuen uns auf Ihre Teilnahme!

Interview

Vortrag

Matthias Heinz (Universität zu Köln)

„What Do Employee Referral Programs Do? Measuring the Direct and Overall Effects of a Management Practice“

Abstract: Employee referral programs (ERPs) are randomly introduced in a grocery chain. Larger referral bonuses increase referrals and decrease referral quality, though the increase in referrals from having an ERP is modest. However, the overall effect of having an ERP is substantial, reducing attrition by roughly 15% and decreasing firm labor costs by up to almost 3%. This occurs, partly, because referrals stay longer than nonreferrals, but, mainly, because all workers stay longer in treated than control stores, even among stores where no referrals are made. The most-supported mechanism for these indirect effects is that workers value being involved in hiring.

Der Vortrag findet am Donnerstag, den 28.04.2022, von 14.00 bis 15.30 Uhr s.t. im Seminarraum 01012 (Rempartstraße 16, 1. OG) statt. Es kann auch online teilgenommen werden. Bitte kontaktieren Sie info@fww-ev.de für die Zugangsdaten.

Wir freuen uns auf Ihre Teilnahme!

Vortrag

Augustin Tapsoba (Toulouse School of Economics)

„Polygyny, Timing of Marriage and Economic Shocks in Sub-Saharan Africa“

Abstract: This paper studies how local polygyny norms affect the equilibrium response of marriage markets to short-term changes in aggregate economic conditions. It develops a simple equilibrium marriage market framework with overlapping generations in which polygyny is modeled as a sequential one-to-one matching. The model generates predictions that are tested by revisiting the impact of rainfall shocks on the timing of marriage in Sub-Saharan Africa. Consistent with the model’s predictions, I find that the effect of droughts on child marriage is weaker where polygyny is more commonly practiced. The same shock leads to a large increase in the annual hazard of child marriage in monogamous areas but has no detectable effect in areas with high polygyny levels. In these areas, there is instead an increase in the market shares of young men that are looking for first/unique spouses at the expense of older men that are looking for second spouses. The differences in equilibrium outcomes on the marriage markets translate into differences in fertility onset and long term fertility levels.

Der Vortrag wird am Donnerstag, den 09. Dezember, von 12:00-13:30 online über Zoom stattfinden. Kontaktieren Sie bitte info@fww-ev.de für die Zugangsdaten.

Vortrag – Leider abgesagt!

Marius Brülhart (Université de Lausanne):

Who Bears the Burden of Local Taxes?

We study the incidence of local taxes on the welfare of heterogeneous residents. A structural model of imperfectly mobile households who differ in terms of income and family status allows us to back out preferences for local public goods and mobility parameters that vary by family status. We calibrate the model with plausibly causal tax-base and housing-price elasticity estimates. Based on municipality-level data for Switzerland, we find that households with children have stronger preferences for locally provided public services and are less mobile than households without children. This in turn implies that the burden of local taxes is mainly borne – linearity of taxes and capitalization into lower housing notwithstanding – by above-median income households without children.

With Jayson Danton, Raphaël Parchet and Jörg Schläpfer.

Leider muss der Vortrag auf Grund unvorhersehbarer Umstände ausfallen! Wir entschuldigen uns für die Unannehmlichkeiten.

Vortrag

Melika Liporace (Università Bocconi):

4 Things Nobody tells you about Online News: A Model with Social Networks and Competition

Social media create a new type of incentives for news producers. Consumers share content, influence the visibility of articles and determine the advertisement revenues ensuing. I study the new incentives created by sharing and evaluate the potential quality of ad-funded online news. Producers rely on a subset of rational and unbiased consumers to spread news articles. The resulting news has low precision and ambiguous welfare effects. Producers’ incentive to invest in news quality increases with the private knowledge of the topic; hence, when information is most needed, the generated news tends to be of lesser quality. Competition does not necessarily improve news quality – it does so only if the sharing network is sufficiently dense. While ad-funded online news occasionally helps consumers take better decisions, it creates welfare mostly through entertainment. Some interventions, such as flagging wrong articles, substantially improve the outcome; other approaches, such as quality certification, do not.

Der Vortrag wird am Donnerstag, den 4. November 2021, von 12:00-13:30 s.t. stattfinden (Rempartstraße 16, Seminarraum 01012, 1.Stock). Zudem kann der Vortrag online besucht werden. Für die Zugangsdaten kontaktieren Sie gerne info@fww-ev.de.