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)
26.04.2016: Fabrizio Zilibotti on income inequality and growth
The relationship between inequality and economic growth is complex. Yet, an evergrowing income inequality risks harming future growth by creating support for bad policies. A column by Fabrizio Zilibotti in the current issue of the Swiss newspaper Finanz und Wirtschaft.
26.04.2016: New York Times features David Dorn's research on trade and political polarization
The New York Times features David Dorn's research on trade and political polarization on its front page. The new 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. While trade-exposed regions with white population majority move to right, non-white voters move to the left, thus eroding support for moderate candidates in both the Republican and Democratic parties.
18.03.2016: Evidence from the auto industry about technical change and climate change
Can directed technical change be used to combat climate change? David Hémous (University of Zurich) together with his colleagues Philippe Aghion (Harvard University), Antoine Dechezleprêtre (LSE), Ralf Martin (LSE), and John Van Reenen (LSE) answer this question in their recently published article in the Journal of Political Economy. They show that firms tend to innovate more in clean (and less in dirty) technologies when they face higher tax-inclusive fuel prices.
15.03.2016: Brain connectivity reveals hidden motives
Often, it is hard to understand why people behave the way they do, because their true motives remain hidden. A team around Grit Hein and Ernst Fehr have now shown how peoples’ motives are characterized by a specific interplay between different brain regions and how this interplay allows precise classification of the motives underlying a shown behavior.
10.02.2016: Ernst Fehr is one of the Highly Cited Researchers 2015
26.01.2016: How free trade with China harmed the lives of U.S. workers
A new study by labor economists David Autor, David Dorn, and Gordon Hanson shows that increased trade with China caused severe and permanent harm to many American workers. Exposed workers experience greater job churning and reduced lifetime income.