Congratulations to Sebastian Dörr for being awarded the EEA Young Economist Award 2018. Sebastian shows in his research that rising real estate prices reduce industry productivity, because they lead to a reallocation of capital and labor towards inefficient firms.
Considering research, media and politics in Switzerland on top - Ernst Fehr defends in the current NZZ ranking his top spot as the most influential economist for the fifth time in a row.
For the second time since 2016 Ernst Fehr is also leading in Germany and Austria. Further to be found in the list are David Dorn, Joachim Voth and Ralph Ossa. The ranking was published together with FAZ (Germany) and Die Presse (Austria).
“If you ask me: what is the biggest change in economics in the last 30 years, then it is the empirical revolution.” says Ernst Fehr in SRF Ecotalk.
When do economists decide to express their opinion? Why? And how do they handle headwind? Reto Lipp asked these questions to two economists who regularly seek publicity and are among the most influential in German-speaking countries: Hans-Werner von Sinn and Ernst Fehr.
As part of the digital society initiative’s event series “UZH Digital Forum”, the University of Zurich is organizing a public event on current digitalization topics on 13 September 2018. After an introductory lecture by Thomas Malone (MIT), David Dorn (University of Zurich) and Corinne Schärer (Unia) will join Professor Malone for a discussion moderated by Abraham Bernstein (University of Zurich).
Researchers from the Department of Economics investigated what it is that sets people with high leadership abilities apart. Micah G. Edelson, Rafael Polania, Christian C. Ruff, Ernst Fehr and Todd A. Hare identified the cognitive and neurobiological processes that influence whether someone is more likely to take on leadership or to delegate decision-making.
In their study, which has been published in the journal Science, they identify and characterize a common decision process that may distinguish followers from leaders: Responsibility aversion, or the unwillingness to make decisions that also affect others.
The European Research Council (ERC) has awarded a starting grant to David Hémous for his project on automation and income distribution. David Hémous’ work aims to provide a quantitative account of the two-way relationship between automation and income distribution.
Automation has been a key driver of economic growth ever since the invention of the spinning frame. In the wake of fast technological progress in IT, numerical control or robotics, it is also seen as one of the factors behind the rise in income inequality and the recent decline in the labor share of income in several developed economies. At the same time, the level of wages itself affect the incentives to innovate in automation technologies. Understanding the complex relationship between automation and income distribution is essential to inform policymakers of the long-term effects on wages and growth of policies such as an increase in the minimum wage or a robot tax.