This paper studies how college admissions preferences for low income students affect intergenerational earnings mobility. We develop a quantitative model of ...
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MEF-Seminar Wintersemester 24/25
When agents’ information is imperfect and dispersed, existing measures of macroeconomic uncertainty based on the forecast error variance have two distinct ...
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MEF-Seminar Wintersemester 24/25
In 2004, 75 million people across 10 countries joined the European Union (EU). Over the subsequent 15 years, their GDP per capita has almost doubled. Using a ...
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MEF-Seminar Wintersemester 24/25
This paper analyzes the pass-through of inflation expectations into the prices and wages set by firms. We conduct a survey of firms using a tailored ...
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MEF-Seminar Wintersemester 24/25
To study the role of uncertainty and learning in selection into entrepreneurship at various life stages, we develop a quantitative model of occupational choice ...
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MEF-Seminar Wintersemester 24/25
When explaining the declining labor income share in advanced economies, the macro literature finds that the elasticity of substitution between capital and ...
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MEF-Seminar Wintersemester 24/25
We study the role of financial frictions in determining the allocation of investment and innovation. Empirically, we find that established firms are ...
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MEF-Seminar Wintersemester 24/25