Pre-production Papers
The following papers, listed alphabetically by the first author's last name, have been accepted for publication in JEEA, and can be downloaded in in the EEA membership log in area.
Both Judge and Party? Investigating the Political Unbiasedness of Fact-checkers
This paper provides the first statistical study of political differences between fact-checkers. I collect a comprehensive dataset of articles published by the six main general-interest French fact-checkers up until July 2021 and identify the political orientations of entities that are fact-checked.
Complexity and Time
A large literature shows that people’s valuation of delayed financial rewards violates exponential discounting, exhibiting a hyperbolic pattern: high short-run impatience that strongly decreases in the length of the delay. We test the hypothesis that the hyperbolic pattern in measured discount rates reflects mistakes driven by the complexity of evaluating delayed payoffs.
Cost and Benefits of Climate Change Adaptation Policies: Evidence from an RCT And Extreme Flooding in Pakistan
A significant component of the cost of climate change is the investment required for adaptation programs. Effective adaptation strategies are becoming essential for managing the negative economic impacts of climate change. In this study, we estimate climate change damage costs that incorporate adaptation costs and benefits under different environmental scenarios.
Global Profit Shifting of Multinational Companies: Evidence from Country-by-Country Reporting Micro Data
We use micro data from country-by-country reports of more than 3 600 multinational companies to analyze global profit shifting to avoid taxes. Unlike other data sets, country-by-country reports provide detailed information about the global economic activities of multinational companies, including those in tax haven countries.
Mandated Sick Pay: Coverage, Utilization, and Crowding-In
Using the National Compensation Survey from 2009 to 2022 and difference-in-differences methods, we find that state-level sick pay mandates are effective in broadening access for U.S. workers. Increases in coverage reach 30ppt from a 63% baseline five years post-mandate. Mandates have more bite in jobs with low pre-mandate coverage.
Personality Traits and Cognitive Ability in Political Selection
A vast scholarship questions whether voters are sufficiently informed to act in their best interest at the polling booth, which may also have implications for the quality of political representation. In this study, we examine cognitive and non-cognitive ability tests conducted on (male) military conscripts by the Finnish Defense Forces, and compare local and national election candidates nominated by political parties and representatives elected by voters with each other and the general population.
Risk Gravity
We consider the canonical trade model with heterogeneous firms, love for variety and trade costs, and integrate it in the consumption CAPM model. This yields a structural gravity equation that includes an additional factor related to risk premia. Empirical evidence based on firm-level data confirms the importance of cross-sectional heterogeneity in risk and time-varying risk premia to shape bilateral trade flows.
Taxing Capital in the Presence of Trickle Down-Effects
Within a general macroeconomic environment I derive the welfare effect of capital tax changes in terms of estimable sufficient statistics. Lower capital-labor substitutability in production not only induces a stronger responsiveness of wages and financial returns, but it also reduces the deadweight loss of capital tax hikes. Thus, contrary to conventional wisdom, optimal capital taxes may be higher precisely when ‘trickle down’ effects are stronger.
The Return of Greenspan: Mumbling with Great Incoherence
This study demonstrates that more information about the unobserved state of the economy may reduce social welfare owing to the presence of nominal rigidity. On the one hand, costly business cycle fluctuations and price dispersions arising from nominal rigidity are muted in a noisy economy.
Values as Luxury Goods and Political Behavior
Motivated by novel survey evidence, we develop a theory of political behavior in which the relative weight voters place on values rather than material considerations increases in income. The model unifies several stylized facts about U.S. politics and makes new predictions. The luxury goods idea implies – and two datasets confirm – that rich moral liberals are considerably more likely to vote against their economic interests than poor moral conservatives, cautioning against the common narrative that the working class is particularly politically motivated by values.