The Output Cost of Gender Discrimination

the_output_cost_ofThe paper “The Output Cost of Gender Discrimination”, joint with Tiago Cavalcanti at Cambridge University has been accepted at The Economic Journal. We model and estimate the impact on long-term income of gender discrimination discouraging female entry into the job market. According to our assessment, as much as 40 percent of a country´s output difference relative to the US economy can be ascribed to differences in gender discrimination alone, which decrease market output and increase fertility. The paper is available here

A recent issue of Time magazine discussed our paper and its wider implications.

Posted February 2016

Hope, Change, and Financial Markets: Can Obama´s Words Drive the Markets?

Obama Hope

 

In “Hope, Change, and Financial Markets: Can Obama´s Words Drive the Markets?”, a joint paper with Sharmin Sazedj, we assess the impact of speech content on stock returns. We analyze 40 addresses on economic issues by President Barack Obama inauguration, to find rethorics indeed affects returns.

A short video explains the motivation and methodology. motivation_and_nethodology

 

 

Posted February 2016

Psychological Costs of Currency Transition: Evidence from Euro Adoption

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The paper Psychological Costs of Currency Transition: Evidence from Euro Adoption”, joint with Vladimir Otrachshenko and Olga Popova, is out as a CEPR discussion paper where we analyze change in life satisfaction in the wake of the adoption of the Euro. Our evidence suggests specific groups – the old, the unemployed, and larger households – endure substantial costs associated with currency transition, highlighting how information and debate are key before any major change in economic context. The paper can be accessed here.

Posted February 2016