Seminari - Dipartimento Economics validi dal 30.04.2025 al 30.04.2026. https://www.dse.univr.it/?ent=seminario&lang=en&rss=0 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6518 Relatore: Thérèse Nilsson; Provenienza: Lund University; Data inizio: 2025-05-05; Ora inizio: 12.00; Note orario: Aula Vaona; Referente interno: Athena Picarelli; Riassunto: Despite its potential significance, we lack a comprehensive understanding regarding the enduring casual effects of access to maternity wards for childbirth. Building upon theoretical frameworks we anticipate effects on cognitive skills and the accumulation of human capital across various life stages. In this paper we examine dynamic impacts of access to institutional delivery on educational, labour and health outcomes across the life course. To study cognitive impacts, we track individuals from childhood through adulthood to elderhood, assessing effects on test scores, educational attainment, and dementia risk in later life. We further explore the role of selection by contextualizing the estimated effects through various lenses. We identify reduced risk for later-life dementia from being born in a hospital as compared to a midwife assisted home birth. Leveraging a historical policyintervention in Sweden during the 1920sndash;1940s that expanded access to hospital maternity wards, we link individual-level administrative data to assess impacts from childhood through old age. We find that being born in a hospital had considerable gains across the life-course. Improvements in cognitive abilities were visible already in childhood and manifests in task content of mid-life occupations, but we also identify subsequent gains in secondary schooling, employment, and earnings. Reduced child morbidity following better treatment of complications in hospitals compared available options in home settings is a likely mechanism. Studying selection indicates very strong selection into treatment, which implies that the estimated LATE seriously overstate the population-level treatment effect. . Mon, 5 May 2025 12:00:00 +0200 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6518 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6486 Relatore: Marco Tonello; Provenienza: Banca d'Italia; Data inizio: 2025-05-13; Ora inizio: 12.00; Referente interno: Alessia Campolmi; Riassunto: We study the impact of economic downturns on human capital accumulation, focusing on the effects of peer exposure to higher unemployment. We investigate whether studentsrsquo; educational aspirations, as well as their subsequent educational decisions and effort, are influenced by the unemployment status of their peersrsquo; parents. Using data for 10th-grade students in Italy, we combine individual-level aspirations about the intentions to complete high school and to enrol at university with administrative register data on high school completion and university enrolment. Our identification strategy relies on comparing adjacent cohorts of students within the same school, exploiting the quasi-random variation in the share of peers with at least one unemployed parent. We find that higher exposure to peers with unemployed parents remarkably depresses studentsrsquo; aspirations to complete both secondary and tertiary education. Importantly, it also leads to lower high school diploma grades and a reduced likelihood of university enrolment. Tue, 13 May 2025 12:00:00 +0200 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6486 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6358 Relatore: Zahra Murad; Provenienza: University of Portsmouth; Data inizio: 2025-05-15; Ora inizio: 14.00; Note orario: Aula Vaona; Referente interno: Simone Quercia; Riassunto: We report on three controlled experiments in which persons belonging to an ethnic majority group made choices that affected the payoff of another (vulnerable) person who was either a member of the majority group or an ethnic minority group. Each of the experiments consisted of several experimental waves that varied in the extent to which issues related to ethnicity were salient in society.Across all three experiments, decision makers behaved more generously towards persons of a minority background in waves with high ethnic salience, while behavior towards persons from the majority was unaffected. Evidence is provided indicating that this finding is most likely due to decision makers acting out of image concerns. This is a joint work withEmel Ozturk, Yi Sheng, Sigrid Suetens. Thu, 15 May 2025 14:00:00 +0200 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6358 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6484 Relatore: Ewa Dziwok; Provenienza: University of Katowice; Data inizio: 2025-05-29; Ora inizio: 12.00; Referente interno: Cecilia Mancini; Riassunto: Climate risk, which includes both physical risks from environmental changes and transition risks linked to the shift towards a low-carbon economy, has become a critical component in discussions of systemic risk. The effects of climate change were further amplified by the COVID-19 pandemic, accelerating the inclusion of climate risk in systemic risk measurement processes (Jung et al., 2023). To address these challenges, we propose viewing systemic risk as a multidimensional concept that requires a comprehensive and nuanced approach to measurement. By including a broader spectrum of external risks that can contribute to systemic events ndash; such as market (equity) shocks, climate-related risks and interbank liquidity dynamics, this approach provides an alternative tool for monitoring and managing complex financial stability risks at the systemic level. Importantly, we combine transition risk with physical risk, in the assessment of systemic climate risk. The inclusion of climate risk is particularly important as it represents an often underestimated and growing dimension of systemic risk with significant economic consequences. In the research, we apply econometric methods, including the simulation of the beta risk factor for several distinct exogenous shocks and its integration into a granular fragility measure of systemic risk. Based on these simulations, we construct a composite multidimensional measure of systemic risk. Subsequently, we apply our methodology to empirical data, using a sample of assets. This research contributes to the existing literature by offering a universal framework for assessing systemic risk that aggregates multiple exogenous factors, particularly emphasizing the often-overlooked role of climate risk. Our results highlight the need for sophisticated, multidimensional analyses of systemic risk to enhance the resilience of financial systems against diverse shocks. Thu, 29 May 2025 12:00:00 +0200 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6484 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6359 Relatore: Anna Schulze Tilling; Provenienza: Università Bocconi; Data inizio: 2025-06-05; Ora inizio: 12.00; Referente interno: Simone Quercia. Thu, 5 Jun 2025 12:00:00 +0200 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6359 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6355 Relatore: Marco Zanotti; Provenienza: Università della Svizzera Italiana; Data inizio: 2025-06-12; Ora inizio: 12.00; Referente interno: Andrea Mazzon. Thu, 12 Jun 2025 12:00:00 +0200 https://www.dse.univr.it/?ent=seminario&lang=en&rss=0&id=6355