{"title":"Commitment and discretion in contracts: theory and evidence from retirement plans","authors":"Jin‐Hyuk Kim, Nick Vikander","doi":"10.1111/sjoe.12523","DOIUrl":"https://doi.org/10.1111/sjoe.12523","url":null,"abstract":"","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45848360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Issue linkage versus ringfencing in international agreements","authors":"N. Long, Martin Richardson, F. Stähler","doi":"10.1111/sjoe.12521","DOIUrl":"https://doi.org/10.1111/sjoe.12521","url":null,"abstract":"","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41920940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fertility and climate change","authors":"R. Gerlagh, V. Lupi, M. Galeotti","doi":"10.1111/sjoe.12520","DOIUrl":"https://doi.org/10.1111/sjoe.12520","url":null,"abstract":"","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46734959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monetary transmission with income risk","authors":"Martin B. Holm","doi":"10.1111/sjoe.12516","DOIUrl":"https://doi.org/10.1111/sjoe.12516","url":null,"abstract":"","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45552769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Do asylum-seekers respond to policy changes in their destination country, and to what extent? We approach this question by using high-frequency data, and we focus on a sudden liberalization in Swedish policy toward Syrian asylum-seekers, which implied permanent instead of temporary residence. We show a clear and fast, yet temporary, increase in Syrian asylum applications in Sweden after the policy change. Also, the policy caused a shift – not limited to the short term – in the share of individuals arriving without family, and consequently in the share applying for family reunification. Our study adds quasi-experimental evidence to the literature on inter-country asylum flows and migration policy.
{"title":"Do asylum-seekers respond to policy changes? Evidence from the Swedish–Syrian case*","authors":"Henrik Andersson, Kristoffer Jutvik","doi":"10.1111/sjoe.12510","DOIUrl":"https://doi.org/10.1111/sjoe.12510","url":null,"abstract":"Do asylum-seekers respond to policy changes in their destination country, and to what extent? We approach this question by using high-frequency data, and we focus on a sudden liberalization in Swedish policy toward Syrian asylum-seekers, which implied permanent instead of temporary residence. We show a clear and fast, yet temporary, increase in Syrian asylum applications in Sweden after the policy change. Also, the policy caused a shift – not limited to the short term – in the share of individuals arriving without family, and consequently in the share applying for family reunification. Our study adds quasi-experimental evidence to the literature on inter-country asylum flows and migration policy.","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":"19 6","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Little is known about how banks shift profits to low-tax countries. Because of their specific business model, banks use other profit-shifting channels than non-financial firms. We propose a novel and bank-specific method of profit shifting: the strategic relocation of proprietary trading to low-tax jurisdictions. Using regulatory data from the German central bank, we show that a 1 percentage point lower corporate tax rate increases banks’ fixed-income trading assets by 3–4 percent and trading derivatives by 9 percent. Suggestively, this increase does not arise from a relocation of real activities (i.e., traders); instead, it stems from the relocation of book profits.
{"title":"Trading offshore: evidence on banks’ tax avoidance*","authors":"Dominika Langenmayr, Franz Reiter","doi":"10.1111/sjoe.12507","DOIUrl":"https://doi.org/10.1111/sjoe.12507","url":null,"abstract":"Little is known about how banks shift profits to low-tax countries. Because of their specific business model, banks use other profit-shifting channels than non-financial firms. We propose a novel and bank-specific method of profit shifting: the strategic relocation of proprietary trading to low-tax jurisdictions. Using regulatory data from the German central bank, we show that a 1 percentage point lower corporate tax rate increases banks’ fixed-income trading assets by 3–4 percent and trading derivatives by 9 percent. Suggestively, this increase does not arise from a relocation of real activities (i.e., traders); instead, it stems from the relocation of book profits.","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":"13 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We provide the first empirical evidence that differences in government ideology play an important role in the choice of cross-border migration destinations. In absence of first-hand experience, immigrants rely on information about the political landscape of the origin and host countries to form expectations about the context of reception in the host society. We use data on bilateral migration and government ideology for 36 OECD countries between 1990 and 2016. Our analysis shows that bilateral migration flows are higher when the government at the destination is more left-wing than the government at the origin, especially when we consider proximate countries.
{"title":"Government ideology and international migration","authors":"V. Bove, Georgios Efthyvoulou, Harry Pickard","doi":"10.1111/sjoe.12506","DOIUrl":"https://doi.org/10.1111/sjoe.12506","url":null,"abstract":"We provide the first empirical evidence that differences in government ideology play an important role in the choice of cross-border migration destinations. In absence of first-hand experience, immigrants rely on information about the political landscape of the origin and host countries to form expectations about the context of reception in the host society. We use data on bilateral migration and government ideology for 36 OECD countries between 1990 and 2016. Our analysis shows that bilateral migration flows are higher when the government at the destination is more left-wing than the government at the origin, especially when we consider proximate countries.","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41982844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Wage‐setting coordination in a small open economy","authors":"Petteri Juvonen","doi":"10.1111/sjoe.12495","DOIUrl":"https://doi.org/10.1111/sjoe.12495","url":null,"abstract":"","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42329174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to David Card"for his empirical contributions to labour economics"and to Joshua Angrist and Guido Imbens"for their methodological contributions to the analysis of causal relationships."We survey these contributions of the three laureates, and discuss how their empirical and methodological insights transformed the modern practice of applied microeconomics. By emphasizing research design and formalizing the causal content of different econometric procedures, the laureates shed new light on key questions in labour economics and advanced a robust toolkit for empirical analyses across many fields.
{"title":"Labor by design: contributions of David Card, Joshua Angrist, and Guido Imbens*","authors":"Peter Hull, M. Kolesár, Chris F. Walters","doi":"10.1111/sjoe.12505","DOIUrl":"https://doi.org/10.1111/sjoe.12505","url":null,"abstract":"The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to David Card\"for his empirical contributions to labour economics\"and to Joshua Angrist and Guido Imbens\"for their methodological contributions to the analysis of causal relationships.\"We survey these contributions of the three laureates, and discuss how their empirical and methodological insights transformed the modern practice of applied microeconomics. By emphasizing research design and formalizing the causal content of different econometric procedures, the laureates shed new light on key questions in labour economics and advanced a robust toolkit for empirical analyses across many fields.","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":" ","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43286153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We match data on performance in a multiple-choice examination with data on risk preferences from a classroom experiment. Students who are more loss averse leave more questions unanswered and perform worse in the exam when an incorrect answer is penalized compared with no answer. Thus, loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a field environment of decision-making under uncertainty. Furthermore, the degree of loss aversion appears to be persistent over time, as the experiment was conducted three months prior to the exam. Important differences across genders are partly explained by differences in loss aversion.
{"title":"Student performance and loss aversion*","authors":"Heiko Karle, Dirk Engelmann, Martin Peitz","doi":"10.1111/sjoe.12486","DOIUrl":"https://doi.org/10.1111/sjoe.12486","url":null,"abstract":"We match data on performance in a multiple-choice examination with data on risk preferences from a classroom experiment. Students who are more loss averse leave more questions unanswered and perform worse in the exam when an incorrect answer is penalized compared with no answer. Thus, loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a field environment of decision-making under uncertainty. Furthermore, the degree of loss aversion appears to be persistent over time, as the experiment was conducted three months prior to the exam. Important differences across genders are partly explained by differences in loss aversion.","PeriodicalId":47929,"journal":{"name":"Scandinavian Journal of Economics","volume":"22 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2022-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}