Ph.D. Programme Quantitative Economics

Erich-Schneider-Seminar

Weekly seminar of the Department of Economics on mondays, 4:15 - 6:00 p.m.

Organizer: Dr. Rüdiger Voss

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Summer term 2019

15.04.2019

Apr 15, 2019 from 04:15 PM to 06:00 PM – WSP 1, R.401

29.04.2019: Erich-Schneider Speed Seminar - 15 min talks plus discussion

Apr 29, 2019 from 04:15 PM to 06:00 PM

WSP1, R.401

Prof. Sebastian Köhne (Head of Programme, CAU Kiel)

Title: "Distributional Consequences of Medical Progress

Tariq Chaudhry (Doctoral Candidate, 2013)

Title: "Islamic Banking: A Basic Macroeconomic Approach

Richard Schnorrenberger (Doctoral Candidate, 2017)

Title: "Efficient inference in the dynamic Nelson-Siegel Model with multivariate wishart stochastic volatility"

Ole Wilms (Tilburg University)

Title: "Because all Moments Matter: Maximum Likelihood Estimation of Long-Run Risk Models"

Dr. Rüdiger Voss

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27.05.2019: Erwin Ooghe (KU Leuven)

May 27, 2019 from 04:15 PM to 06:00 PM

WSP1, R.401

Conditional earnings susidies for low earners

Having low earnings is often not sufficient to be eligible for in-work tax credits. In the United Kingdim, New Zealand, and Ireland, for example, eligibility also requires that the number of hours worked is sufficiently high. Similarly, in France and Belgium the hourly wage rate must be sufficiently low. This paper provides a justification for such additional conditions. I analyze Pareto efficient redistribution from high to low ability individuals in a model where labor has several intensive margins. Besides labor hours, also labor effort --- a vector of unpleasant, but productive features of labour --- is an object of choice. Effort and ability determine the hourly wage rate. I find that conditional earnings subsidies for low earners are optimal: the earnings of low earners should be subsidized at the margin, but only if they earn more by working more hours at a sufficiently low wage rate.

Host: Prof. Sebastian Köhne

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Additional Seminar on 12.06.2019: Prof. Moritz Kuhn (University of Bonn)