Università degli Studi di Napoli "Federico II" Università degli Studi di Salerno Università Bocconi - Milano

C6 - 9th CSEF-IGIER Symposium on Economics and Institutions
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Human Capital and Economic Opportunity


Monday, 24 June 2013

Afternoon Session: Human Capital I

13.00 – 14.00  Registration

14.00 – 14.45  Deborah Lucas (MIT Sloan School), Credit Subsidies for Higher Education - Paper 1 - Paper 2

14.45 – 15.30  Dean Corbae (University of Wisconsin Madison), Leverage and the Foreclosure Crisis - Slides

15.30 – 16.15  Dimitris Christelis (European Central Bank, CSEF CFS and CEPAR), The Impact of Social Activities on Cognitive Ageing: Evidence from Eleven European Countries (joint with L.I. Dobrescu)

16.15 – 16.45  Coffee Break

16.45 – 17.30  Fabian Kindermann (University of Wuerzburg, Germany), Pension Funding and Human Capital

17.30 – 18.15  Janis Dubno (Voices for Utah Children), Financing Human Capital Development for Economically Disadvantaged Children: Applying “Pay for Success” Social Impact Finance to Early Child Development (joint with R. Dugger and M.R. Smith) - slides


 Tuesday, 25 June 2013

Morning Session: Finance I


09.30 – 10.15  Hélène Rey (London Business School), Financial integration and growth in a risky world

10.15 – 11.00  Michele Modugno (Universitè Libre de Bruxelles), Bond Market and Macroeconomic News (joint with C. Altavilla and D. Giannone)

11.00 – 11.30  Coffee break

11.30 – 12.15  Andrew Ellul (Indiana University), IPOs and Employment (joint with A. Borisov and M. Seviril)

12.15 – 13.00  Brett S. Green (University of California Berkeley), An information-based theory of time-varying liquidity (joint with B. Daley) - Slides

13.00 – 14.30  Lunch         


Afternoon session: Theory I



14.30 – 15.15  Joel Sobel (University of California, San Diego), Why Don't People Lie More?

15.15 – 16.00  Pierpaolo Battigalli (Università Bocconi and IGIER), Selfconfirming Long Run Biases (joint with S. Cerreia-Vioglio,  F. Maccheroni and M. Marinacci)

16.00 – 16.30  Coffee break

16.30 – 17.15  Nenad Kos (Università Bocconi and IGIER), Information In Tender Offers With A Large Shareholder
(joint with M. Ekmekci)

17.15 – 18.00  Marco Battaglini (Princeton University), Optimal Dynamic Contracting


Wednesday 26 June 2013

Morning Session: Macroeconomics


09.30 – 10.15  Martin Eichenbaum (Northwestern University), Unemployment and Business Cycles (joint with L. Christiano and M. Trabandt)

10.15 – 11.00  Paolo Surico (London Business School), Household Debt and the DynamicEffects of Income Tax Changes (joint with J. Cloyne)

11.00 – 11.30  Coffee break

11.30 – 12.15  Carlo Favero (Università Bocconi and IGIER), The Output Effect of Fiscal Consolidations (joint with A. Alesina and F. Giavazzi)

12.15 – 13.00  Morten Ravn (University College London), Job uncertainty and deep recessions

13.00 – 14.00  Lunch


Afternoon session: Human Capital II


14.00 – 14.40  Luigi Pistaferri (Stanford University), Consumption Inequality and Family Labor Supply (joint with R. Blundell and I. Saporta-Eksten)

14.40 – 15.20  Zvi Eckstein (Interdisciplinary Center Herzliya – IDC), The Chosen Few: How Education Shaped Jewish History, 70-1492 (joint with M. Botticini)- Slides

15.20 – 16.00  Katja Maria Kaufmann (Università Bocconi, IGIER and CESIfo), Returns to Elite Higher Education in the Marriage Market: Evidence from Chile (joint with M. Messner)

16.00 – 16.30  Coffee break

16.30 – 17.10  Rita Ginja (Uppsala University, Sweden), Partial Insurance and Investments in Children (joint with P. Carneiro)

17.10 – 17.50  Lance Lochner (University of Western Ontario), Early and Late Human Capital Investments, Borrowing Constraints, and the Family (joint with E. Caucutt)

20.00              Social dinner


Thursday 27 June 2013

Morning Session: Finance II


09.30 – 10.15  Daniel Wolfenzon (Columbia University), Estimating the Value of the Boss: Evidence from CEO Hospitalization Events

10.15 – 11.00  Marco Pagano (Università di Napoli Federico II and CSEF), Financial Disclosure And Market Transparency With Costly Information Processing (joint with M. Di Maggio) - Slides

11.00 – 11.30  Coffee break

11.30 – 12.15  Mascia Bedendo (Università Bocconi and IGIER), Sovereign and Corporate Credit Risk:Spillover Effects in the Eurozone (joint with P. Colla)

12.15 – 13.00  Claudio Tebaldi (Università Bocconi and IGIER), The Scale of Predictability (joint with F.M. Bandi, B. Perron and A. Tamoni)

13.00 – 14.30  Lunch


Afternoon session: Applied


14.30 – 15.15  Cristina De Nardi (Federal Reserve Bank of Chicago and NBER), Medicaid Insurance in Old Age (joint with E. French and J.B. Jones) - slides

15.15 – 16.00  Giuseppe Russo (Università di Salerno and CSEF), Immigration Policy and Long-Run Cultural Assimilation (joint with F. Galli)

16.00 – 16.30  Coffee break       

16.30 – 17.15  Linus Siming (Università Bocconi and IGIER), Orders of Merit and CEO Compensation:Evidence From a Natural Experiment

17.15 – 18.00  Tullio Jappelli (Università di Napoli Federico II and CSEF), Consumption Growth, the Interest Rate, and Financial Literacy (joint with M. Padula)


Friday 28 June 2013

Morning Session: Applied Theory

09.30 – 10.15  Pierluigi Conzo (Università di Torino and CSEF), Reputation and Entry (joint with J.B. Butler, E. Carbone and G. Spagnolo)

10.15 – 11.00  Marco Ottaviani (Università Bocconi and IGIER), Research and the Approval Process (joint with E. Henry)

11.00 – 11.30  Coffee break

11.30 – 12.15  Marco Di Maggio (MIT- Massachusetts Institute of Technology), Reputation Traps, Tail Risk and the Business Cycle

12.15 – 13.00  Nicola Gennaioli (Università Bocconi and IGIER), Money Doctors (joint with A. Shleifer and R. Vishny)

13.00             Lunch


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