16.08.2016: Why computers have been a double-edged sword for the labor market
The online-platform U.S. News interviewed Professor David Dorn for their article on the profound impact computers have in the labor market. Dorn explains that by substituting human labor in a wide range of clerical jobs through computers, not only the share of production employment but also the share in the overall employment of clerical occupations is declining since the 1980s. The U.S. government expects to see an 8 percent decline in the bookkeeping, accounting and auditing clerk industry sector between 2014 and 2024.U.S. News online article (in German)
22.07.2016: Will Italy be plunged into chaos?
In his recent commentary for the Swiss newspaper Finanz und Wirtschaft, Fabrizio Zilibotti explains how Matteo Renzi’s government has come under pressure due to the banking crisis and the opposition party of the comedian, Beppe Grillo. An election victory for Grillo would have fatal consequences for the country, says Zilibotti.Commentary in FuW (in German)
20.06.2016: Fabrizio Zilibotti held the 2016 Walras-Bowley Lecture
Fabrizio Zilibotti held this year’s "Walras-Bowley Lecture" during the 2016 North American Meeting of the Econometric Society. The Meeting was hosted by the Wharton School and the Department of Economics at the University of Pennsylvania and took place from June 16 to 19, 2016. The "Walras-Bowley Lecture" is an annual lecture given by a non-North-American member at the North American meeting. Former lecturers include, among others, Philippe Aghion, Per Krusell, Andreu Mas-Colell, Nobel Laureate Christopher Pissarides, and Nobel Laureate Jean Tirole.Conference website
03.06.2016: How index funds outsmart antitrust laws
In this edition of the Swiss newspaper Finanz und Wirtschaft Professor Voth discusses how index funds are becoming increasingly powerful market forces undermining antitrust regulations. He argues that, given the structure of their portfolios and their influence on multiple companies within an industry, a monopolistic situation is created.
FuW online article (in German)
26.05.2016: Workshop on Behavioral Economics of Financial Markets
Ernst Fehr and Roberto Weber from the Department of Economics at the University of Zurich together with Alexander Wagner (Department of Banking and Finance) organized a Workshop on Behavioral Economics of Financial Markets. The two-day workshop brought together leading specialists in the field of behavioral finance to share and debate their latest insights in terms of methodologies and content.
26.05.2016: Robert Shiller talked in Zurich about the necessity of manipulation
Nobel Laureate Prof. Robert J. Shiller (Yale University) spoke about "Phishing for Phools: The Economics of Manipulation and Deception" in his lecture at the University of Zurich. This is also the title of his latest book in which George Akerlof and Robert Shiller argue that "competitive markets by their very nature spawn deception and trickery." In a recent interview with the Swiss newspaper Tages-Anzeiger, Shiller talks about how companies manipulate their customers and why McDonalds has comparatively high standards thanks to regulations.
26.05.2016: New technologies contribute to growing pay gap in Western countries
David Dorn discusses changes in the national and international labor market with Brigitta Bernet, an economic historian, in the current edition of the UZH Magazin. There is a long history of people fearing that new technologies would lead to massive unemployment, says Dorn. Surprisingly, despite the fact that computers, the internet and robot-driven machines have been used for decades, many people still have jobs today. In Switzerland, there have never been so many people employed like in the past few years.
UZH Magazin interview (in German)
23.05.2016: David Dorn on the election campaign and economy in the US
"Cheap imports from China led to an immense job loss in the US economy," says David Dorn in an interview with the Swiss newspaper NZZ am Sonntag. His research shows that the U.S. regions which were hardest hit by Chinese import competition became much more likely to elect politicians from the far right or far left, thus contributing to the strong ideological polarization of U.S. Congress.
NZZ am Sonntag Interview (in German)
14.05.2016: The gravedigger of homo economicus
In an interview with the Swiss newspaper Tages-Anzeiger, Ernst Fehr talks about his research, the future of the Department of Economics at Zurich, the arrogance of the American elite, and about fairness and influence.
Tagesanzeiger online article (in German)