Agenda / Eventos

Why is the College Premium Falling? The Role of Composition

Abstract: Recent studies suggest that the increasing supply of college-educated workers in Latin American countries has negatively impacted returns to skill over the last two decades, as evidenced by the decreasing college premium. In this paper, we show that changes in the college premium do not accurately represent shifts in returns to skill, particularly in the context of a significant expansion in tertiary education. Using novel data with approximately one million college graduates from 20 different cohorts in Brazil, we find that returns to skill have not decreased; in fact, they increased by 24% over 16 years. The supply of college-educated workers has grown, primarily from newer, lower-ranked, and lower-wage-premium universities. Changes in the composition of college workers seem to have driven a decrease in the college premium, even though returns to skill are increasing. Using a simple supply and demand framework (Katz and Murphy, 1992) we show that skill-biased technical change (SBTC) increased by 3% per year over a 12-year period, in contrast to the apparent-0.1% yearly decrease indicated by the unadjusted data.

Is There a «Scarlet E? The Effects of Public Eviction Records on Low-Income Households

Abstract: Housing advocates, media outlets, and policymakers have long argued that a public eviction filing record—often referred to as the “Scarlet E”—carries significant consequences, particularly for low-income households. In this paper, we exploit variation induced by a record-sealing policy in Illinois to provide the first causal estimates of the effect of a public eviction filing on residential mobility, neighborhood quality, homelessness, and financial health. Two findings stand out: (i) sealing eviction records at the time of filing prevents tenant screening companies from accessing case information, whereas retroactive record sealing is ineffective in restricting public access; (ii) tenants with public evictions records are more likely to live doubled up with friends or family within the first year of the filing. Our results suggest that housing instability due to public eviction filings manifests primarily through household doubling up rather than through the more extreme forms of homelessness.

Beyond Beliefs: Experimental Evidence on Follow-Through Frictions at School Transitions

Abstract: A key puzzle in economics is why households underinvest in education despite high returns. While standard explanations focus on information, this paper highlights the role of follow-through frictions in a school-level RCT in 231 primary schools in Quiché, Guatemala. We document a substantive intention-action gap: 65% of students plan to enroll in secondary school yet 34% of those fail to follow-through on their plans. To causally isolate the effect of follow-through frictions, we randomly assign schools to a pure control, an information treatment, and a mentoring treatment that delivers identical informational content, along with follow-through support comprising classroom based socio-motional skill-building and personalized educational counseling. Information provision has no effect on enrollment. Mentoring increases enrollment by 8.4 percentage points (18%) relative to information, with larger effects among students who already planned to enroll. The evidence points to socio-emotional skills as the operative channel in how mentoring helped improve follow-through.

What Do (Thousands of) Unions Do? Union-Specific Pay Premia and Inequality

Abstract: We study the role of union heterogeneity in shaping wages and inequality among unionized workers. Using linked employer-employee data from Brazil and job moves both within and across multi-firm unions, we estimate over 4,800 union-specific pay premia. Unions differ substantially in the wage gains they can secure for workers, with a standard deviation of 7 log points. These union-specific pay premia vary in systematic ways. We find that unions with local representation, firm-level collective bargaining agreements, strike activity, collective governance, and skilled leaders capture higher pay premia. These same high-premium unions are also effective in other dimensions—like reducing exit and improving amenity take-up—and compress wages. A nationwide right-to-work reform causes wages to fall by 2.4% in markets dominated by high-premium unions and reveals that worker support for unions remains for high-premium unions that do not compress too much. Our findings show that unions are not a monolith—their structure and actions shape their wage effects, their equalizing role, and ultimately their support among workers.

Sexual harassment and women’s academic careers

Abstract: Progressive taxation is a defining feature of high-income countries’ tax systems, but developing countries typically rely on less progressive instruments. We study the introduction of progressive property taxation in a large Congolese city through a citywide field experiment conducted  in partnership with the provincial government. Neighborhoods were randomly assigned to either a progressive or a proportional schedule. The progressive system increased total revenue by 55% relative to the proportional one. Revenue gains occurred across the property value distribution: at the top, higher statutory rates mechanically outweighed modest compliance losses, while at the bottom, lower rates induced large compliance gains that more than offset the mechanical loss. Cross-randomized information treatments show that taxpayers’ responses were driven by their own rates rather than by others’ rates or by the perceived fairness of the overall system. Finally, we examine how statutory progressivity maps into effective tax rates (ETRs). Across all systems, ETRs decline with property value — implying that the rich pay less as a share of wealth — and the slope is steepest under the progressive schedule. However, an enforcement intervention targeting higher-value properties flattens this relationship, suggesting that investments in enforcement capacity can help align effective with statutory progressivity.

Does Progressivity Raise Tax Capacity? Experimental Evidence from the D.R. Congo

Abstract: Progressive taxation is a defining feature of high-income countries’ tax systems, but developing countries typically rely on less progressive instruments. We study the introduction of progressive property taxation in a large Congolese city through a citywide field experiment conducted in partnership with the provincial government. Neighborhoods were randomly assigned to either a progressive or a proportional schedule. The progressive system increased total revenue by 55% relative to the proportional one. Revenue gains occurred across the property value distribution: at the top, higher statutory rates mechanically outweighed modest compliance losses, while at the bottom, lower rates induced large compliance gains that more than offset the mechanical loss. Cross-randomized information treatments show that taxpayers’ responses were driven by their own rates rather than by others’ rates or by the perceived fairness of the overall system. Finally, we examine how statutory progressivity maps into effective tax rates (ETRs). Across all systems, ETRs decline with property value — implying that the rich pay less as a share of wealth — and the slope is steepest under the progressive schedule. However, an enforcement intervention targeting higher-value properties flattens this relationship, suggesting that investments in enforcement capacity can help align effective with statutory progressivity.

The Financial Channel of Tax Amnesty Policies (joint with Federico Bernini, Paula Donaldson y Leticia Juarez).

Abstract: In the past two decades, more than 30 countries have implemented tax amnesty policies to encourage the de...

Catholic schools and student performance: Evidence from Chile’s school-admission lottery

Abstract: Catholic schools are the largest nongovernmental school network in the world, serving 62.2 million students g...

Experience Effects Explain Five Facts about Beliefs and Portfolios

Abstract: Giglio et al. (2021) uncover a series of regular features related to financial investors’ beliefs and portf...

Planning and Performance: Experimental Evidence from Small Firms in E-Commerce

Abstract: This paper provides experimental evidence that behavioral frictions can affect operations planning in small f...

A Dynamic Search and Matching Model of Foster Care: Theory and Evidence

Cuándo: Miércoles 24 de septiembre – 12:30 PM Santiago. Dónde: Sala Consejo (401)- Beauchef 851, piso 4 | Departamento...

Rent sharing and worker-firm specific investments

Speaker:Sebastian Buhai (Stockholm University-SOFI).  https://www.sebastianbuhai.com/ Abstract: This paper develops mic...

The Case for Multiple Tie-Breaking Rules

Speaker: Sumeyra Akin. Assistant Professor at the Economics department of the Pontificia Universidad Católica de Chile (...

Integrating equity and productivity in health assessments

Speaker: Juan Moreno Ternero Abstract: This paper introduces a unified framework for health evaluation that integrate...

A theory of identity fragmentation

Speaker: Tomás Rodríguez (Los Andes, Colombia) Abstract: The communications revolution of the late 1990s–2020s expande...

Staggered Rollout for Innovation Adoption

Speaker: Ricardo Fonseca (Javeriana, Colombia) Abstract: I consider a mechanism design approach to innovation adoption...

19ª Conferencia Finance UC

19ª Conferencia Finance UC🗓️ 12 y 13 de junio de 2025📍 Sede Nueva Las Condes, Facultad de Economía y Administración UC...

Finance UC - 19th International Conference

19th Finance UC Conference🗓️ June 12–13, 2025📍 Sede Nueva Las Condes, Facultad de Economía y Administración UC The 19t...

Organizing Expertise

Speaker: Carlos J. Ponce (Universidad Alberto Hurtado, Chile)When: Wednesday, June 11 – 12:30 PM (Santiago)Where: Sala C...

Dynamic Stochastic Dominance

Speaker: Leandro Gorno (FGV EPGE, Fundação Getulio Vargas – Brazil)When: Wednesday, June 4 – 12:30 PM (Santiago)Where: S...

Beefing Up the Service Sector: Commodity Exports to China and Production Network Spillovers

Speaker: Giorgio ChiovelliCuándo: Miércoles 14 de mayo – 12:30 PM (Santiago)Dónde: Sala Consejo (401) – Beauchef 851, pi...

Socially Optimal Crime and Punishment

Speaker: Rodrigo Soares (INSPER)When: Monday, May 12 – 1:30 PM (Santiago)Where: Sala Consejo (401) – Beauchef 851, 4th f...

Economic Espionage and Firm Outcomes

Speaker: Albrecht Glitz (Pompeu Fabra)When: Wednesday, April 23 – 12:30 PM (Santiago)Where: Room 316 – Beauchef 851, 3rd...

Carbon Taxes and Misallocation in Chile

Speaker: Ernesto Pastén (Central Bank of Chile)When: Wednesday, April 16 – 12:30 PM (Santiago)Where: Sala Consejo (401)...

When ‘Eyes on the Street’ Are Not Enough: Insights from Itinerant Street Markets

Topic: “When ‘Eyes on the Street’ Are Not Enough: Insights from Itinerant Street Markets” Speaker: Carlos Diaz (UAH) A...

Revealed Social Networks

Speaker: Yusufcan Masatlioglu (Maryland)When: Wednesday, April 2 – 12:30 PM (Santiago)Where: Sala Consejo (401) - Beauch...

Workshop Elección Social y Democracia

Workshop Elección Social y Democracia – Wednesday, April 2 🕕 6:00 – 6:30 PM | Paul Golz Talk Title: Generative Social...

Social Choice and Democracy Workshop

Social Choice and Democracy Workshop – Wednesday, April 2 🕕 6:00 – 6:30 PM | Paul Golz Talk Title: Generative Social...

Opening of Registrations for the Course “The City of Opportunities”

Between March 31 and May 11, 2025, you can register for the eighth edition of the Economic and Financial Education Cours...

Apertura Inscripciones Curso "La Ciudad de las Oportunidades"

Entre el 31 de marzo – 11 de mayo de 2025, se podrán inscribir en la octava versión del Curso de Educación Económica y F...

Lumpy Forecasts

Title: “Lumpy Forecasts” Speaker: Javier Turén (Instituto de Economía, PUC Chile). Abstract: Professional forecast...

Bootcamp for Girls and Adolescents in Economics and Finance

FREE COURSE: Would you like to learn more about Economics and Finance? 📊 Register for the Economics and Finance Bootca...

Ninth Version of the "Summer School in Economics"

The Instituto Milenio for the Research of Market Imperfections and Public Policies (MIPP), together with the Doctorate i...

Bootcamp Niñas y Adolescentes en Economía y Finanzas

CURSO GRATUITO: ¿Te gustaría aprender más sobre Economía y Finanzas? 📊 Inscríbete en el Bootcamp de Economía y Finan...

Novena Versión de la "Escuela de Verano en Economía"

El Instituto Milenio para la Investigación de Imperfecciones de Mercado y Políticas Públicas (MIPP), junto con el Doct...

Denuncia de Violencia Infantil y Asistencia Escolar: Un Enlace Vital

Titulo: Denuncia de Violencia Infantil y Asistencia Escolar: Un Enlace Vital Fecha: Miércoles 11 de diciembre de 2024...

Does Information Sway Support for Right-Wing Populism? Evidence from Argentina

Title: Does Information Sway Support for Right-Wing Populism? Evidence from Argentina Speaker: Nicolás Ajzenman (McGi...

Optimal Disclosure of Private Information to Competitors

Title: Optimal Disclosure of Private Information to Competitors Speaker: Rosina Rodriguez (Bonn) Abstract: I study...

Ceremonia de Graduación Séptima Versión Curso la Ciudad de las Oportunidades

Fecha: miércoles 27 de noviembre Horario: 17:30 hrs. Lugar: Banco Central de Chile

Seminario ISCI - MIPP “Attention-based Utility”. Presenta: George Loewenstein

Seminario ISCI - MIPP “Attention-based Utility”. Presenta: George Loewenstein - Herbert A. Simon University Professo...

Seminario ISCI - MIPP “Attention-based Utility”. Presenta: George Loewenstein

Seminario ISCI - MIPP “Attention-based Utility”. Presenta: George Loewenstein - Herbert A. Simon University Professo...

Keynote Lecture: "The Human Factor in Public Policies: Perspectives and Applications of Behavioral Economics" - George Loewenstein

Speaker: George Loewenstein, a prominent American economist and academic, is considered one of the main pioneers in the...

Charla Magistral: El Factor Humano en las Políticas Públicas: Perspectivas y Aplicaciones de la Economía del Comportamiento - George Loewenstein

Presenta: George Loewenstein, un destacado economista y académico estadounidense, considerado uno de los principales pio...

Seminario de Educación Financiera

El Seminario de Educación Financiera se realizará el viernes 8 de noviembre 8:30, eb el auditorio PwC, de la Facultad de...

Cracking the Code: Using Affirmative Action to Narrow the Gender Gap in STEM

Título: Cracking the Code: Using Affirmative Action to Narrow the Gender Gap in STEM Speaker: Valentina Contreras (LS...

2024 MIPP Workshop in Policy Evaluation

The Institute for Research in Market Imperfections and Public Policy (MIPP) is pleased to announce the Workshop in Polic...

Stackelberg or Cournot? A general model of duopolistic competition with endogenous timing

Title: Stackelberg or Cournot? A general model of duopolistic competition with endogenous timing Speaker: Leonardo Ba...

Segundo Workshop Economía Regional

Segundo Workshop Economía Regional este año lo organiza el Instituto Milenio MIPP en conjunto con la PUCV y el Núcleo Mi...

App Store Fees and App Business Models

Title: App Store Fees and App Business Models. Speaker: José Ignacio Heresi (UAH). Abstract: We study how an app s...

Buyer Conduct and Supply Shocks: Evidence from Uruguayan Meatpacking Firms

Title: Buyer Conduct and Supply Shocks: Evidence from Uruguayan Meatpacking Firms Speaker: José Manuel Paz y Miño (FE...

Inicio curso gratuito de Educación Financiera "Aprende Central"

El Instituto Milenio MIPP junto al Banco Central de Chile, crearon un nuevo curso de educación financiera para la ciudad...

Third-party intervention in sequential Wars of Attrition with incomplete information.

Ttitle: Third-party intervention in sequential Wars of Attrition with incomplete information. Speaker: Martin Castill...

Third-party intervention in sequential Wars of Attrition with incomplete information

Ttitle: Third-party intervention in sequential Wars of Attrition with incomplete information. Speaker: Martin Castill...

The effects of transport infrastructure on housing supply: the role of land-use regulation

Título: The effects of transport infrastructure on housing supply: the role of land-use regulation Speaker: Hugo Silv...

Convocatoria para la tercera versión del Fondo de investigación Género, Economía y Políticas Públicas

Comenzaron las postulaciones para el “Fondo de Investigación Género, Economía y Políticas Públicas”, que tiene por objet...

Beware the Side Effects: Capital Controls, Trade, Misallocation and Welfare

Título: Beware the Side Effects: Capital Controls, Trade, Misallocation and Welfare Speaker: Evangelina Dardati (UDP)...

Excuses and Redistribution

Title: Excuses and Redistribution Speaker: Bea Ahumada (University of Pittsburg) Abstract: This study explores how...

Inequality and Eciency of Fiscal Rules

Title: Inequality and Efficiency of Fiscal Rules Speaker: Laura Karpuska (Insper Business School) Abstract: This s...

Inequality and Efficiency of Fiscal Rules

Título: Inequality and Efficiency of Fiscal Rules Speaker: Laura Karpuska (Insper Business School) Abstract: This...

Dynamic Pricing under Downward Sloping Demands

Title: Dynamic Pricing under Downward Sloping Demands Speaker: José Antonio Carrasco (UAI) Abstract: We explore th...

Workshop en Finanzas

El 13 y 14 de junio se realizará el Workshop de Finanzas. En la actividad participará la investigadora del Instituto...

Direct and Indirect Effects of Affirmative Action in University Admissions

Título: Direct and Indirect Effects of Affirmative Action in University Admissions Speaker: Jorge Rodríguez (Universi...

Inicio Curso "La Ciudad de las Oportunidades"

El Banco Central de Chile, junto al Instituto Milenio MIPP, abren una nueva convocatoria de “La Ciudad de las Oportunida...

Joining the Old Boys’ Club: Women’s Returns to Majoring in Technology and Engineering

Title: Joining the Old Boys’ Club: Women’s Returns to Majoring in Technology and Engineering Speaker: Josefa Aguirre...

Competing for Stock Market Feedback

Title: Competing for Stock Market Feedback Speaker: Ana Elisa Pereira (UAndes - Chile) Abstract: We propose a mode...

Sequential Protest Formation

Title: Sequential Protest Formation Speaker: Benjamín Matta (Pittsburg University) Abstract: People participate in...

Conversatorio: "Mujeres en Economía: Desafíos y Oportunidades"

Task allocation in networks

Título: Task allocation in networks Speaker: Francis Bloch (Université Paris 1 and PSE) Abstract: We study dynamic...

Schooling and Intergenerational Mobility: Consequences of Expanding Higher Education Institutions

Title: Schooling and Intergenerational Mobility: Consequences of Expanding Higher Education Institutions. Speaker: Ta...

Bourbon Reforms and State Capacity in the Spanish Empire

Title: Bourbon Reforms and State Capacity in the Spanish Empire Speaker: Leopoldo Fergusson (University of the Andes...

Markets under Siege: How Political Beliefs Move Financial Markets

Title: Markets under Siege: How Political Beliefs Move Financial Markets Speaker: Marcos Salgado Abstract: Can bel...

Workshop on Management and Economics of Procurement

MEP Seminar: Workshop on Management and Economics of Procurement Date: March 25, 2024 Location: Beauchef 851, 4...

Unraveling Information Sharing in Consumer Credit Markets

Title: Unraveling Information Sharing in Consumer Credit Markets. Speaker: Benedict Guttman-Kenney (University of Chi...

Workshop on Labor and Immigration

📑🔷 Workshop on Labor and Immigration: we invite you to an instance of academic interaction where we will present four...

Workshop on Labor and Inmigration

📑🔷 Workshop on Labor and Inmigration: los invitamos a una instancia de interacción académica donde daremos a conocer c...

Bootcamp en Economía y Finanzas

👩🏻‍🏫📚 | CURSO GRATUITO: ¿Te gustaría aprender más sobre Economía y Finanzas? 📊 Inscríbete en el Bootcamp de Econ...

Bootcamp Economics and Finance

👩🏻‍🏫📚 | FREE COURSE: Would you like to learn more about Economics and Finance? 📊 Sign up for the Economics and F...

SAET Conference

Welcome to the 23rd annual SAET Conference being held at the University of Chile, in the Faculty of Physical and Mathema...

Conferencia SAET

Welcome to the 23rd annual SAET Conference being held at the University of Chile, in the Faculty of Physical and Mathema...

“Who gets what and why: The new economics of market design” – Alvin Roth Talk

The Millennium Institute for Research on Market Imperfections and Public Policies (MIPP) and the Center for Mathematical...

"Quién obtiene qué y por qué: La nueva economía del diseño de mercados" - Charla Alvin Roth

El Instituto Milenio para la Investigación de Imperfecciones de Mercado y Políticas Públicas (MIPP) y el Centro de Model...

Workshop in Market Design

The Workshop in Market Design will take place between December 18 and 20, 2023, at the Faculty of Physical Sciences and...

Seminario Vivienda y Migración

El Instituto Milenio MIPP junto al Núcleo Milenio Migra realizarán el Seminario "Vivienda y Migración" el 14 de diciembr...

Workshop in Policy Evaluation

The Institute for Research in Market Imperfections and Public Policy (MIPP) is pleased to announce the Workshop on Polic...

Escuela de Verano en Economía

El Instituto Milenio para la Investigación de Imperfecciones de Mercado y Políticas Públicas (MIPP), junto con el Doctor...

Local Randomization Regression Discontinuity for Event Studies: Application to a Penal Procedure Reform in Uruguay

Título: “Local Randomization Regression Discontinuity for Event Studies: Application to a Penal Procedure Reform in Urug...

Fiscal Rules, Austerity in Public Administration, and Political Accountability: Evidence from a Natural Experiment in Colombia

Title: Fiscal Rules, Austerity in Public Administration, and Political Accountability: Evidence from a Natural Experimen...

Barriers to Global Capital Allocation

Title: Barriers to Global Capital Allocation Speaker: Enrico Spolaore (Tufts University) Abstract: International p...

Expectations, cores, and strategy-proofness for allocation problems with externalities

Título: Expectations, cores, and strategy-proofness for allocation problems with externalities. Speaker: María Haydeé...

Workshop on Regional Economy

The Regional Economics Workshop that will be organized by the Millennium Institute for Research on Market Imperfections...

Workshop en Economía Regional

El Workshop de Economía Regional que organizará el Instituto Milenio para la Investigación de Imperfecciones de Mercado...

Social origin and the returns to College

Title: Social origin and the returns to College Speaker: Juan Matta (UDP) Abstract: In this paper, we study the re...

Who Benefits From Individual Property Rights? The Long-Term Impacts Of Individual Property Rights In An Indigenous Territory

Título: Who Benefits From Individual Property Rights? The Long-Term Impacts Of Individual Property Rights In An Indigeno...

Temperature Shocks and Land Fragmentation: Evidence from Transaction and Property Registry Data

Title: Temperature Shocks and Land Fragmentation: Evidence from Transaction and Property Registry Data Speaker: Nicol...

Competition under Incomplete Contracts and the Design of Procurement Policies

Title: Competition under Incomplete Contracts and the Design of Procurement Policies Speaker: Andrés González (PUC)...

Activist Trading Dynamics

Title: Activist Trading Dynamics Speaker: Gonzalo Cisternas (Federal Reserve Bank of New York) Abstract: Two activists...

Inicio Curso Ciudad de las Oportunidades

El Banco Central de Chile, junto al Instituto Milenio MIPP, abren una nueva convocatoria de “La ciudad de las oportunida...

Guns, pets, and strikes: An experiment on identity and political action

Title: Guns, pets, and strikes: An experiment on identity and political action. Speaker: José-Alberto Guerra Abstract:...

Managing Overreaction During a Run

Titulo: Managing Overreaction During a Run Speaker: Caio Machado (PUC) Abstract: This paper studies whether suspensi...

Impactos de la Alta Dirección Pública en la Gestión de Hospitales

El lunes 29 de mayo a las 13:00 hrs, se llevará a cabo el seminario: Impactos de la Alta Dirección Pública en la Gestión...

"Impactos de la Alta Dirección Pública en la Gestión de Hospitales"

El lunes 29 de mayo a las 13:00 hrs, se llevará a cabo el seminario: Impactos de la Alta Dirección Pública en la Gestión...

The Impact of Disease-Specific Health Insurance Reform on Mortality

Título: The Impact of Disease-Specific Health Insurance Reform on Mortality Speaker: Felipe Menares (UC Berkeley) Abst...

Market Structure and the Distributional Implications of Product Bans

Title: Market Structure and the Distributional Implications of Product Bans. Joint with Fernando Luco (Texas A&M) an...

"Reducción de la Jornada Laboral: Evidencias y Desafíos para su Implementación"

El miércoles 10 de mayo a las 09:00 hrs, se llevará a cabo el seminario: "Reducción de la Jornada Laboral: Evidencias y...

"Reducción de la Jornada Laboral: Evidencias y Desafíos para su Implementación".

El miércoles 10 de mayo a las 09:00 hrs, se llevará a cabo el seminario: "Reducción de la Jornada Laboral: Evidencias y...

"From Deforestation to Reforestation: The Role of General Deterrence in Changing Farmer's Behavior"

Título: "From Deforestation to Reforestation: The Role of General Deterrence in Changing Farmer's Behavior" Speaker:...

An Empirically Inspired Theory of Turnout and Voting

Title: An Empirically Inspired Theory of Turnout and Voting (with Otto Swank) Speaker: Rubén Poblete-Cazeneve (Erasmu...

Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program

Título: Supporting Seniors: How Low-Income Elderly Individuals Respond to a Retirement Support Program Speaker: Sumit...

"Marriage, Labor Supply and the Dynamics of the Social Safety Net"

Título:"Marriage, Labor Supply and the Dynamics of the Social Safety Net" Abstract: The 1996 US welfare reform introd...

Missing Discussions: Institutional Constraints in the Islamic Political Tradition

Título: Missing Discussions: Institutional Constraints in the Islamic Political Tradition (Join with: Arda Gitmez and Ja...

Social Media and Xenophobia: Evidence from Russia

Título: Social Media and Xenophobia: Evidence from Russia (Join with Leonardo Bursztyn, Ruben Enikolopov, and María Petr...

Missing Discussions: Institutional Constraints in the Islamic Political Tradition (Join with: Arda Gitmez and James Robinson)

Título: Missing Discussions: Institutional Constraints in the Islamic Political Tradition (Join with: Arda Gitmez and Ja...

Social Media and Xenophobia: Evidence from Russia (Join with Leonardo Bursztyn, Ruben Enikolopov, and María Petrova)

Título: Social Media and Xenophobia: Evidence from Russia (Join with Leonardo Bursztyn, Ruben Enikolopov, and María Petr...

Graduación de la quinta versión de “La Ciudad de las Oportunidades”

La educación financiera toma cada día más protagonismo en las aulas del país, algo que queda de manifiesto en la gran ca...

Graduación de la quinta versión de "La Ciudad de las Oportunidades"

La educación financiera toma cada día más protagonismo en las aulas del país, algo que queda de manifiesto en la gran ca...

Bootcamp en Economía y Finanzas

Está por comenzar el primer Bootcamp -curso intensivo- de economía y finanzas dirigido especialmente a alumnas de enseña...

Workshop in Labor Market Power

The Institute for Economic Policies (IPE, https://ipe.unab.cl/) at Andrés Bello University and the Millennium Institute...

Workshop in Labor Market Power

The Institute for Economic Policies (IPE, https://ipe.unab.cl/) at Andrés Bello University and the Millennium Institute...

Sistema de Admisión Escolar (SAE)

El Instituto Milenio MIPP realizará el Seminario “Sistema de Admisión Escolar (SAE)” el jueves 15 de diciembre a las 16:...

Séptima versión de la “Escuela de Verano en Economía”

El Instituto Milenio MIPP junto con el Doctorado en Sistemas de Ingeniería (DSI) y el Magíster en Economía Aplicada (MAG...

Latin American Workshop in Economic Theory

This workshop is a forum to discuss new questions and recent developments in economic theory with a particular emphasis...

Does Foreign Aid Reduce Migration? Micro-Evidence from World Bank Projects

Título: Does Foreign Aid Reduce Migration? Micro-Evidence from World Bank Projects. Abstract: While many policymakers...

Incentives and Burnout: Dynamic Compensation Design With Effort Cost Spillover

Title: Incentives and Burnout: Dynamic Compensation Design With Effort Cost Spillover (join work with Rob Waiser and Jea...

“Violencia Intrafamiliar y decisiones de pareja”

Título: “Violencia Intrafamiliar y decisiones de pareja” Resumen: Se estima que la violencia intrafamiliar afecta alr...

Social Interactions and Preferences for Schools: Experimental Evidence from Los Angeles

Título: Social Interactions and Preferences for Schools: Experimental Evidence from Los Angeles Abstract: This paper...

"Violencia Intrafamiliar y decisiones de pareja"

Título: "Violencia Intrafamiliar y decisiones de pareja" Resumen: Se estima que la violencia intrafamiliar afecta alr...

Information exchange through secret vertical contracts

Título: Information exchange through secret vertical contracts Abstract: We study a common agency problem in which tw...

But what happens next? Sustained impacts of a group-based parenting intervention to promote early childhood development in rural Kenya

Title: But what happens next? Sustained impacts of a group-based parenting intervention to promote early childhood devel...

Efectos de la elección de Directores de Escuelas por Alta Dirección Pública

Título: Efectos de la elección de Directores de Escuelas por Alta Dirección Pública Resumen: Los gobiernos enfrentan...

El efecto de las opiniones acerca de los roles de género en cuidado infantil y trabajo doméstico sobre oferta laboral masculina: Evidencia longitudinal de Chile

Título: El efecto de las opiniones acerca de los roles de género en cuidado infantil y trabajo doméstico sobre oferta la...

“Desigualdad de Género y Salud Mental en Tiempos de Crisis”

Título: “Desigualdad de Género y Salud Mental en Tiempos de Crisis” Resumen: La crisis sanitaria causada por el coron...

“Desigualdad de Género y Salud Mental en Tiempos de Crisis"

Título: “Desigualdad de Género y Salud Mental en Tiempos de Crisis" Resumen: La crisis sanitaria causada por el coron...

Within-Group Heterogeneity in a Multi-Ethnic Society

Título: Within-Group Heterogeneity in a Multi-Ethnic Society Abstract: Is ethnic diversity good or bad for economic d...

Dominancia percibida y su efecto en las evaluaciones docentes de profesores hombres y mujeres

Título: Dominancia percibida y su efecto en las evaluaciones docentes de profesores hombres y mujeres Abstract: El do...

Academic Job Market Signaling

Título: Academic Job Market Signaling Abstract: This paper applies the classic Spence (1973) signaling model to acade...

Brechas de género en matemáticas y lenguaje: el sesgo de las pruebas de rendimiento competitivo

Título: Brechas de género en matemáticas y lenguaje: el sesgo de las pruebas de rendimiento competitivo Primera charl...

Bayesian Persuasion With Costly Information Acquisition

Título: Bayesian Persuasion With Costly Information Acquisition. Abstract: We consider a Bayesian persuasion model in...

Political Alignment and Inter-Jurisdictional Cooperation: Evidence from Crime in Mexico

Title: Political Alignment and Inter-Jurisdictional Cooperation: Evidence from Crime in Mexico Abstract: We investiga...

Heterogeneous Returns to Active Labour Market Programs for Indigenous Populations

Title: Heterogeneous Returns to Active Labour Market Programs for Indigenous Populations Abstract: This paper studies...

Indigenous Political Economy Workshop 2022

Indigenous Political Economy Workshop 2022

The Effects of the Minimum Pension Reform in a Defined Contribution Pension System: The Case of Chile

Abstract: Using longitudinal data on roughly 16,800 low-income workers, I estimate the effects of a reform that introduc...

Identity-Based Elections

Título: Identity-Based Elections Abstract: We study how media choice driven by political identity can influence elect...

Freedom of the Press? Catholic Censorship during the Counter-Reformation

Título: Freedom of the Press? Catholic Censorship during the Counter-Reformation Abstract: The Protestant Reformation...

The Optimality of Coarse Menus

Titulo: The Optimality of Coarse Menus Abstract:  We consider a general nonlinear pricing environment with private in...

Electricity and Directed Technological Change: Evidence from U.S. Rural Electrification, 1910-1950

Título: Electricity and Directed Technological Change: Evidence from U.S. Rural Electrification, 1910-1950 Abstract:...

Policy-advising competition and endogenous lobbies

Título: “Policy-advising competition and endogenous lobbies” con Manuel Foerster (Bielefeld University) Abstract: We...

Liquidity, Financial Centrality, and the Value of Key Players

Titulo: Liquidity, Financial Centrality, and the Value of Key Players (joint with Arun Chandrasekhar and Robert Townsend...

The Long-Run and Dynamic Consequences of High School Ranking

Abstract:  Ranking of performance plays an important role in educational attainment. We consider data from a cohort o...

The effects of horizontal and vertical separation of powers in constitutions

El destacado economista alemán Stefan Voigt, - Chair for Economic Analysis of Law, Universität Hamburg - es experto en e...

Socioemotional Skills Development in Highly Violent Contexts : Measurements and Impacts

Abstract: Non-cognitive skills can determine socioeconomic success and the transmission of economic status across gen...

The Limits of Hegemony: Banks, Covert Actions, and Foreign Firms

Authors: Felipe Aldunate, Felipe González, Mounu Prem. Abstract: Economic sanctions and covert actions from hegemon...

Quality Disclosure and Regulation: Scoring Design in Medicare Advantage

Abstract: Regulators often generate quality scores to help consumers with limited information about product quality,...

Quality Regulation and Competition: Evidence from Pharmaceutical Markets

Authors: Juan Pablo Atal, Jose Ignacio Cuesta, and Morten Saethre.   Abstract. Quality regulation attem...

Sexta Escuela de Verano en Economía

El Instituto Milenio MIPP junto con el Doctorado en Sistemas de Ingeniería (DSI) y el Magíster en Economía Aplicada (MAG...

The Dynamic Consequences of State-Building: Evidence from the French Revolution

Title: The Dynamic Consequences of State-Building: Evidence from the French Revolution (with Cédric Chambru & Emeric...

Santiago Finance Workshop 2021

El Santiago Finance Workshop (SFW) es un evento académico de dos días que organiza anualmente la Universid...

John List: Presentación del libro "The Voltage Effect"

Programa: 12.00 - 12.05: Bienvenida (Raimundo Undurraga, DII, MIPP, U. Chile) 12.05 - 12.35: "The Voltage Effect"...

Estudio del Mercado de Gas

Presentan: Sebastian Castro | Fiscalía Nacional Económica Felipe Castro | Fiscalía Nacional Económica Comenta:...

PhD in Economics: an Insider’s Tips

¿Cómo decidir qué Doctorado es para ti? ¿A qué universidades postular? ¿Que es lo importante en la postulación...

How Large Are Double Markups

Abstract: "Because prices exceed marginal costs in many upstream and downstream industries, downstream prices often...

Coalition loyalty programs and consumer search

Abstract: We provide a novel interpretation for coalition loyalty programs (CLPs) in a costly search environment for...

Dynamic Incentives in Retirement Earnings-Replacement Benefits

Abstract We analyze dynamic incentives created in pension systems by the use of a small set of final years of earning...

Colluding Against Environmental Regulation

Authors: Jorge Alé-Chilet, Bar-Ilan University Cuicui Chen, State University of New York at Albany Jing Li, MIT...

The Rise of a Nudge: Field Experiment and Machine Learning on Minimum and Full Credit Card Payments

Abstract: The minimum payment warning, a notice that informs credit cardholders of the downside of making the minimum pa...

Managers' Productivity and Recruitment in the Public Sector: The Case of School Principals

Author: Pablo Muñoz (with Mounu Prem) Title: Managers' Productivity and Recruitment in the Public Sector: The Case of...

Specific Investment and Contract Design: Evidence from Public Transportation (Guillermo Díaz, Kei Kawai, Andre Trindade)

Abstract: Public entities often grant concession rights to private firms for the provision of public services. The desig...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

A/B Testing with Fat Tails

Eduardo M. Azevedo; Alex Deng; José Luis Montiel Olea; Justin Rao; E. Glen Weylk Abstract Large and statistically po...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

Dynamic Many-to-One Matching

Abstract. We study the stability on many-to-one matching markets in a dynamic framework with the following features:...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

Ciclo de Charlas “Estudios económicos con enfoque de género: Lo que no se habla no existe”

El Instituto Milenio MIPP y el Magister de Economía Aplicada (MAGCEA) de la Universidad de Chile, invitan al Ciclo de ch...

Choice with Affirmative Action

Battal Dogan and Kemal Yildiz   Abstract A choice rule with affirmative action decides on the recipients o...

Attack and interception in networks

(joint with Kalyan Chatterjee and Bhaskar Dutta) Abstract: This paper studies a game of attack and interception in...

Tendencias Constitucionales. Experiencias comparadas y lecciones para Chile

Lanzamiento libro: "Tendencias Constitucionales. Experiencias comparadas y lecciones para Chile" Autores: Francisco S...

Market Return Around the Clock: A Puzzle

Abstract We study how the excess market return depends on the time of the day using E-mini S&P 500 futures that a...

Institutions Shape Culture: The Civic Imprint of Democracy

Abstract: We show that democracy shapes civic culture using large-scale data with global coverage and exploiting vari...

Earnings Inequality in Production Networks

Abstract Recent research on firm-to-firm trade has documented a robust fact: there is substantial heterogeneity in bu...

Centralized Assignment Mechanisms, Aftermarket Frictions and the Cost of Off Platform Options

In many settings, market designers must contend with the presence of firms which they do not directly control and who do...

Efficiency with Political Power Dynamics and Costly Policy Change

Abstract: We consider a dynamic model in which two parties decide on a unidimensional policy in each period over an inf...

More hospital choices, more C-sections: Evidence from Chile

In this paper, we study the effect on cesarean rates of a policy change in Chile that decreased the cost of delivery at...

Mercado laboral y Pandemia: El impacto visto a través de bolsas de empleo en Internet

En este evento se presentarán resultados preliminares del proyecto SABE (Sistema de Análisis de Bolsas de Empleo) sobre...

Innovation During a Crisis

The value of innovation during crises with no adequate existing solution can be extraordinary. While higher payoffs in...

Webinar "Efectos macroeconómicos del Covid-19"

La pandemia mundial está impactando la economía y su efecto persistirá por un largo tiempo. El distanciamiento social ha...

TBA

Quinta Escuela de Verano en Economía

El Instituto Milenio MIPP junto con el Doctorado en Sistemas de Ingeniería (DSI) y el Magíster en Economía Aplicada (MAG...

Santiago Finance Workshop 2019

The Santiago Finance Workshop will bring together academics, regulators and practitioners from all over the world in...

Workshop on Market Frictions and Macroeconomics

Workshop on Market Frictions and Macroeconomics The Millennium Institute in Market Imperfections and Public Policy (M...

Credit Surfaces, Economic Activity, and Monetary Policy

Abstract A synthesis of new and old approaches in understanding macroeconomic fluctuations and the role of monetary p...

Understanding Returns to Short Selling Using Option-Implied Stock Borrowing Fees

Abstract Measures of short sale constraints and short selling activity strongly predict stock returns. This apparently...

Production Network Dynamics and the Propagation of Shocks

Abstract This paper uses a firm-to-firm transaction dataset to evaluate quantitatively how shocks propagate through p...

Testing models of social learning on networks: evidence from two experiments

Abstract:   We theoretically and empirically study an incomplete information model of social learning. Agents init...

Key Player Policies When the Network is Endogenous

The impact of private property on the sustainability of agricultural landscapes: Evidence from Southern Chile

Abstract: This paper provides causal evidence on the long-run effects of private property on the sustainability of agri...

The Role of Diligence in Crowdfunding Platforms

Abstract Crowdfunding platform due diligence comprises background checks, site visits, credit checks, cross-checks, a...

Plataformas Digitales y Libre Competencia

Los recientes avances tecnológicos han permitido que la economía digital esté desafiando la forma de competir en diverso...

The Profits and Losses of Short Sellers

Abstract: We characterize the profits and losses experienced by short sellers on a large cross-section of U.S. stocks...

The Micro and Macro Dynamics of Capital Inflows

Abstract: This paper shows that capital inflows affect the reallocation of resources within and across sectors through...

Automation, labor markets, and trade

Abstract Digital technologies, robotics, and artificial intelligence substitute tasks performed by labor are bringing...

Bargaining and News

Abstract: We study a bargaining model in which a buyer makes frequent offers to a privately informed seller, while gr...

Understanding the Effects of Work-Based Welfare Policies on Child Human Capital

Abstract In Milwaukee, Wisconsin (1994-1997), a work-based, anti-poverty intervention, “New Hope,” randomly assigned...

Timing Assumptions and Efficiency: Empirical Evidence in a Production Function Context

Abstract Much of the recent empirical work estimating production functions has used methodologies proposed in two dis...

An Evolutionary Perspective on Updating Risk and Ambiguity Preferences

Abstract: We develop foundations for a model of risk and ambiguity preferences using an approach based on evolution a...

Price discovery and market microstructure noise

Abstract: Using a continuous-time price discovery model, we show that the standard econometric framework typically yi...

Markets for Information

Abstract “We discuss the value and the price of social data and how this defines a clear "data markup". We outline soci...

Reclassification Risk in the Small Group Health Insurance Market

Abstract We evaluate reclassification risk in the small group health insurance market from a period before AC...

Biased Beliefs: Overconfidence and Magical Thinking – Mini Course

Economists often model a person’s behavior as guided by her taste for different physical outcomes, and her probabilistic...

Coordinating Separate Markets for Externalities

Abstract We show that inefficiencies from having separate markets to correct an environmental externality are signifi...

The Value of Interviewers: Machines Cant's Sell Offers

Abstract: Employment interviews present a puzzle: a substantial body of research suggests they are of little if any v...

Corporate Tax Cuts and the Decline of the Labor Share

Abstract We document a strong empirical connection between corporate taxation and the labor’s share of income in the ma...

Misallocation: Theory and Measurement – Minicourse

Instructor: Baris Kaymak, Associate Professor, University of Montreal, Canada Schedule: Monday March 11th and Wednesd...

Just a Few Seeds More: Value of Network Information for Diffusion

Identifying the optimal set of individuals to first receive information (`seeds') in a social network is a widely-studie...

Non-Parametric Random coefficient models or Mixed Logits – Minicourse

This two-day course covers econometric models with heterogeneous parameters, often called random coefficients. In these...

Geographic Expansion Mergers and FCC Spectrum Policy: Estimating a Matching Game with Externalities

Jeremy Fox Rice University Abstract: Wireless carriers consolidated geographically over the period 1988-2007. This...

Buyouts Lead to Less Innovation, New Research Shows

Douglas Cumming

Auction by Invitation

Abstract: Asher Wolinsky Northwestern University

Consumer Scores and Price Discrimination

Abstract We study the implications of tracking consumers and aggregating purchase histories into scores, numerical pr...

Summer School in Economics 2018

El Instituto Milenio MIPP, con la colaboración del Doctorado en Sistemas de Ingeniería (DSI) y el Magister en Economía A...

IFABS 2018 Chile Conference: Financial Decisions in a Changing Global Environment

Conference Theme Firms’ financial activities are likely affected by changes in their global business environment. Suc...

Santiago Finance Workshop 2018

The Santiago Finance Workshop will bring together academics, regulators and practitioners from all over the worl...

Inequality, Selection, and Efficiency in Labor Markets

Alessandra Pizzo Universidad de Chile Speaker Website: https://sites.google.com/site/alepizzo/...

The Economics of Public Pharmacies: Quasi- and Experimental Evidence from Local Markets

"The Economics of Public Pharmacies: Quasi- and Experimental Evidence from Local Markets" Abstract: Policies to de...

Taller de Economía Política y Ciencias Políticas, PEPS 2018

Taller de Economía Política y Ciencias Políticas, PEPS 2018 El Instituto Mileno para la investigación de Impe...

The Micro Impact of Macroprudential Policies: Firm-Level Evidence

Thorsten Beck Cass Business School Abstract:"Combining balance sheet data on 900,000 firms from 49 cou...

Workshop on Macroeconomics

Program 2018 here 

Mini-curso “Discrete Choice Models”

Mini-course "Discrete Choice Models, Modeling Choices Using Cross Section, Panel, and Stated Choice Data". A fines de...

The Runner-up Effect in the Allocation of Public Sector Jobs

Abstract: We document that second-best-placed candidates to high-level public sector job openings are more li...

Minicurso- Information Aggregation in Elections

Elections are often seen as mechanisms to aggregate information dispersed in an electorate. But voters may vote strategi...

Conventions and Coalitions in Repeated Games

Abstract This paper develops a theory of repeated games for settings where coalitions may choose actions. We...

Separation of Powers with Political Polarization

Abstract: Separation of powers with checks and balances (SP) is usually regarded as a key institution complem...

Stochastic Dominance Under Independent Noise

The notions of first and second-order stochastic dominance play a central role in the economics of information,...

"Credit Guarantees and New Bank Relationships"

Abstract: Credit guarantee schemes for bank loans are at the heart of most Governments' strategies to help fi...

"Incentivizing Savings"

Claudia Martinez Pontificia Universidad Catolica de Chile Speaker Website: https://sites.google.c...

Price Dispersion, Oligopolies and Search Frictions

José Antonio Carrasco Adolfo Ibañez University Speaker Website: http://www.tonocarrasco.com/

Liability Dollarization, Sudden Stops & Optimal Financial Policy

Abstract Banks in emerging markets intermediate capital inflows denominated in hard currencies (i.e. tradable...

The Cost of Steering in Financial Markets: Evidence from the Mortgage Market

Many households lack sophistication required to make complex financial decisions and can be steered by intermediaries to...

“Informal Risk Sharing with Local Information”

This paper considers the effect of local information constraints in risk-sharing networks. We assume individuals...

When a Strike Strikes Twice: Massive Student Mobilizations, School Incapacitation Effects, and Teenage Pregnancy in Chile

Abstract: We empirically study the impact of massive school’s absenteeism on teenage pregnancy. Exploiting va...

Rational Inattention-driven dispersion with volatility shocks

Abstract This paper studies price-setting decisions under Rational Inattention. Prices are set by tracking an...

An Empirical Analysis of Competitive Nonlinear Pricing

Abstract We estimate a model of competitive nonlinear pricing, when there is asymmetric information between b...

Capital Requirements in a Quantitative Model of Banking Industry Dynamics

Abstract: We develop a model of banking industry dynamics to study the quantitative impact of capital require...

Deconstructing Job Search Behavior

Benjamin Villena Universidad de Chile Speaker Website: https://www.benjaminvillena.com/

"Telling schools apart: the role of preferences, restrictions, and the ability to differentiate in school choices"

Nicolás Grau Veloso Department of Economics at the Universidad de Chile. Speaker Website: https:/...

" Parental Beliefs and Investment in Human Capital"

Pamela Jervis Ph.D. in Economics, University College London Speaker Website: https://pamjervis.wi...

“Choice through a unified lens: The prudential model”

Kemal Yildiz Bilkent University Speaker Website: https://kemalyildiz.weebly.com/

"Gridlock and Inefficient Policy Instruments"

Abstract: Why do rational politicians choose inefficient policy instruments? Environmental regulation, for ex...

"The impact of Student Loans and Education on Labor Outcomes: Vocational Education vs College"

Students scoring above certain thresholds in the college admission test are eligible for education loans and fr...

"Financial Development and the Effects of Trade Liberalizations"

We investigate the extent to which financial frictions shape the effects of a trade liberalization on aggregate...

"Import Price and Quality Adjustment after Exchange Rate Shocks"

Irene Brambilla Universidad Nacional de La Plata Speaker Website: https://sites.google.com/site/i...

Estimating the Dynamics of Consumption Growth

Abstract: We study the dynamics of consumption growth in a series of countries over a time span of 200 years....

Do Parents Know Best? The Effect of Selective Schools on Test Scores, Teen Motherhood, Educational Attainment, Labor Market Outcomes, and Health

Abstract As in many national settings, students in Barbados compete for seats at selective secondary schools. Using r...

“Externalities and Benefit Design in Health Insurance.”

Abstract We model insurance design in the Medicare prescription drug coverage market and show that strategic...

Hedge Fund Fee Structure and Risk Exposure: Theory and Empirical Evidence,

Abstract: We solve in closed form the optimal investment strategy of an infinitely lived risk neutral hedge f...

"Illiquidity in Sovereign Debt Markets."

Juan Passadore Einaudi Institute for Economics and Finance Speaker Website: http://www.juanpassad...

"Occupational mobility across years, decades and a century"

Sekyu Choi University of Bristol Speaker Website: http://sekyuchoi.weebly.com/

Growing Together: Assessing Equity and Effciency in an Early-Life Health Program in Chile

Abstract:  We estimate the impact of participation in Chile Crece Contigo, Chile’s flagship early life health an...

Art Portfolios

Abstract: Art market returns have previously been inferred from equally-weighted price indexes. By contrast,...

Competition, Asymmetric Information, and the Annuity Puzzle: Evidence from a Government-run Exchange in Chile

Abstract In Chile, more than 60% of eligible retirees voluntarily purchase annuities from the private market....

"Vertical Integration between Hospitals and Insurers"

The increasing consolidation in the healthcare and insurance market has become a top concern for policymakers an...

Distance to Physicians and Value of Choice in Individual Health Insurance

Health insurance plans differ vertically and horizontally. Horizontal differentiation ---largely driven by diffe...

Summer School in Economics 2017

El Instituto Milenio MIPP, con la colaboración del Doctorado en Sistemas de Ingeniería (DSI) y el Magister en Ec...

Workshop on Dynamic Pricing

This workshop is a venue to discuss the latest questions and methods arising in problems of dynamic pricing decisions, b...

Santiago Finance Workshop 2017

El Workshop Santiago Finanzas reúne académicos, reguladores y especialistas de todo el mundo para hablar de las nuevas i...

Taller de Economía Política y Ciencias Políticas, PEPS 2017

La Universidad de Chile y el Instituto Mileno para la investigación de Imperfecciones de Mercado y Políticas Públicas (M...

Speed Acquisition

Abstract Speed has become a signature of modern financial markets. This paper studies investors' endogenous s...

“Can Transparency Exacerbate Adverse Selection? Evidence from Annuity Markets”

Abstract: Retirement income around the world is increasingly dependent on private savings, creating an expand...

"Making Entrepreneurs: The Returns to Training Youth in Soft and Hard Business Skills From An At-Scale Field Experiment"

Abstract: Economists have long believed that Entrepreneurship is is key element of economic growth and develo...

Workshop on Search and Matching

El grupo de investigación SMAUG (Search and Matching, Assets, Unemployment, and Governance) invita a los académi...

The Real Exchange Rate, Innovation and Productivity: A Cross-country Firm-level Analysis

Laura Alfaro Harvard University Speaker Website: http://www.hbs.edu/faculty/Pages/profile.aspx?fa...

Patterns of Agricultural Production and Long-run Development in Argentina’s Fertile Plains

We investigate the effect of ranching specialization in 1914 on income per capita in 1994 across Argentinian dep...

An Economic Theory of Segregation

This paper presents a widely applicable theory of segregation based on the value of pairwise interactions. In ou...

Premio a la Educación e Inclusión Financiera

Para promover la educación e inclusión financiera en el país, la Superintendencia de Bancos e Instituciones Financie...

A time to scatter stones, and a time to gather them: the annual cycle in hedge fund risk taking

Olga Kolokolova The University of Manchester Speaker Website: https://www.research.manchester.ac....

Endogenous Peer Effects in the Chilean Interbank Market

This paper revolves around a simple, but interesting question: Do other banks' lending and borrowing choices in...

Quantifying the Sources of Price Dispersion: Evidence from Hospital Supplies

In a wide range of product markets in which prices are negotiated, price dispersion across buyers for similar (o...

Learning from History: Volatility and Financial Crises

We study the effects of volatility on financial crises by constructing  a cross-country database spanning over 200 years...

Fair and efficient assignments with fractional endowments

In designing school choice mechanisms, a common objective is to ensure that different sections of society have a...

Workshop on Healthcare and Industrial Organization

El mercado de la salud es uno de los mercados más relevantes por su alto impacto en el bienestar de la población. Asegur...

Gender-Targeted Job Ads in the Recruitment Process: Evidence from China

Explicit requests for applicants of a specific gender are widely used in emerging-economy labor markets.  The ex...

Social Insurance and Efficient Occupational Mobility

Germán Cubas Department of Economics at the University of Houston Speaker Website: http://germanc...

Firm Leverage and Equity Option Returns

This paper studies the relation between firm leverage and delta-hedged equity option return both theoretically a...

“Long-Term Orientation and Educational Performance”

We use remarkable population-level administrative education and birth records from Florida to study the role of Long-Ter...

Mini curso Culture and Economics

El Centro de Economía Aplicada del Departamento de Ingeniería Industrial de la Universidad de Chile, en conjunto...

Making a Miracle: Ireland 1980-2005

We examine the proximate causes of the remarkable rise of Ireland from being one of Western Europe’s poorest cou...

Production Network Density and Aggregate Volatility

I show that the number of positive shares in the input-output (production network density) matters for volatilit...

Public and Private Competition over Quality

We study a two stage, quality-then-price, game between the public sector and private firms with horizontal and v...

Dual Employment Protection Legislation and the Size Distribution of Firms

We develop a theoretical model of​ firm dynamics with search frictions and asymmetric ​firing costs for temporar...

Occupational Licensing, Labor Mobility, and the Unfairness of Entry Standards

The combination of occupational regulation at the local market level and labor mobility across local markets is...

A Theory of Rational Altruism

We build a framework to analyze the effect of social structures on the existence, location, and extend of altrui...

Too Good to Fire: Non-Assortative Matching to Play a Dynamic Game

We study stable outcomes in a one-to-one matching market with firms and workers. The model endogenizes how trans...

Unemployment Insurance with Informal Labor Markets: Evidence from Brazil

Recent years have seen a rapid expansion of unemployment insurance (UI) programs to mid-income and developing co...

Should buyers or sellers organize trade in a frictional market?

Abstract To answer the question whether buyers or sellers should organize trade in a market with sear...

Evidence about Bubble Mechanisms: Precipitating Event, Feedback Trading, and Social Contagion

Abstract Shiller’s feedback loop theory of bubbles involves three elements: a precipitating event that causes...

Biased Updating in Dynamic Experimentation

Abstract There is ample evidence that people overestimate the control they have over stochastic outcomes. In...

TBA

Herve Roche (UAI)

Effect of Single Sex Schools on Major Choice

Abstract The gender gap has been a widely discussed topic, both in the economic literature and by public opinion. For...

TBA

Gustavo Schwenkler (Boston University)

Technological Change, Business Cycle and the Wage Structure

Abstract We study how technological change and business cycle shape the wage structure. Controlling for insti...

TBA

Damian Clarke (USACH)

"Product-Market Integration and Endogenous Asymmetries of Technology Adoption"

We explore the impact of product-market integration on asymmetric choices of technology adoption of ex ante iden...

TBA

Diether Beuermann (BID) Tuesday, May 2, 2017 - 14:45

Market Manipulation and Innovation

Abstract End-of-day price manipulation is associated short-termism of the firm’s orientation, long-term harm...

TBA

Robert Town (UT Austin)

"A Tale of One Exchange and Two Order Books: Effects of Fragmentation in the Absence of Competition"

Abstract We study the effects of market fragmentation on market performance when competition between exchange...

TBA

David Kohn (PUC)

Private Money Creation with Safe Assets and Term Premia

Abstract: It has been documented that an increase in the demand for safe assets induces the private sector to...

Open Lecture “Why There Are Fewer Female Engineers? The Role of Teachers”

El Centro de Economía Aplicada del Departamento de Ingeniería Industrial de la Universidad de Chile y el Instituto Milen...

Why There Are Fewer Female Engineers? The Role of Teachers

Abstract Recent research focus on what shapes gender differences in academic achievements and in university f...

Trades, Quotes and the Cost of Capital

This paper studies the quote-to-trade (QT) ratio, and its relation with liquidity, price discovery and expected...

Sovereign Default Risk and Firm Heterogeneity

Abstract: This paper studies the recessionary effects of sovereign default risk using firm-level data...

Retention Futility: Targeting High Risk Customers Might Be Ineffective

Abstract:  Churn management is a top priority for most businesses as it directly ties to firm profitability a...

Dynamic Natural Monopoly Regulation: Time Inconsistency, Moral Hazard, and Political Environments

Abstract This paper quantitatively assesses time inconsistency, moral hazard, and political ideology in monop...

"The formation of partnerships in social networks"

Francis Bloch Université Paris 1 Speaker Website: https://www.sites.google.com/site/francisbloch1...

Segunda Escuela de Verano en Economía

El MIPP con la colaboración del Doctorado en Sistemas de Ingeniería  (DSI) y el Magister en Economía Aplicada (M...

Urban Revival in America, 2000 to 2010

This paper documents and explains the striking reversal of fortune of urban America from 2000 to 2010. We show t...

Endogenous Debt Maturity: Liquidity Risk vs. Default Risk

We study the optimal determination the structure of debt as a function of the stochastic process of output in an...

Santiago Finance Workshop 2016

Santiago Finance Workshop une académicos, reguladores y profesionales de todo el mundo para discutir sobre temas recient...

Workshop on Matching and Market Design

El Instituto Milenio en Imperfecciones de Mercado y Políticas Públicas (MIPP), en conjunto con la Universidad de Chile,...

2° Conferencia "Desarrollo, Estabilidad y Sustentabilidad en la Banca"

Superintendencia de Bancos e Instituciones Financieras de Chile (SBIF), Asociación de Supervisores Bancarios de las Amér...

Peer Effects in the Adoption of a New Employment Subsidy for Vulnerable Youths

This paper studies the effects of peers on the adoption of a Youth Employment Subsidy for vulnerable youths in C...

Workshop en "Search and Matching"

El workshop en Search and Matching es una iniciativa en conjunto con el proyecto Anillo en búsqueda y encuentro...

Mini-curso: Causal Inference without Experiments

Este mini-curso abordará diversas estrategias para obtener estimaciones causales sin experimento, con ejemplos e...

Incarceration, Recidivism and Employment

Understanding whether, and in what situations, time spent in prison is criminogenic or preventive has proven cha...

Dynamic Trading: Price Inertia and Front-Running

We build a linear-quadratic model to analyze trading in a market with private information and heterogeneous agen...

The Evolution of Networks During the Development Process: Evidence from Rural Gambia

This paper sheds light on the question of how the process of economic development affects interactions in econom...

Seminario “Tras las Municipales 2016”

Con motivo de las próximas elecciones municipales 2016, el Instituto de Políticas Públicas (IPP), en conjunto con el Mag...

A Stock-Flow Theory of Unemployment with Endogenous Match Formation

We develop a tractable equilibrium model of stock-flow matching in the labor market. The economy consists of man...

Interbank relations during the Panic of 1873

Understanding the susceptibility of financial systems to systemic risk, and in particular the contribution of in...

Mining and Crime: Evidence from Chile

We investigate the impact of the economic shock, caused by the fluctuations in copper price, on crime level for...

Privately Managed Public Secondary Schools and Academic Achievement in Trinidad and Tobago: Evidence from rule-based student assignments

Many nations allow private entities to manage publicly-funded schools and grant them greater flexibility than tr...

Mini-curso: Introduction to Model Selection, Regularization, and Post-Model Selection Inference

Mini-curso de  Christian Hansen (University of Chicago Booth) As in many other fields, economists are increasingly ma...

The Factor-Lasso and K-Step Bootstrap Approach for Inference in High-Dimensional Economic Applications

We consider estimation of and inference about coefficients on a small number of variables of interest in a linea...

Workshop en Economía Política y Ciencias Políticas

Tercer Workshop en Economía Política y Ciencias Políticas La Universidad de Chile, en conjunto con el Instituto Milen...

Network Search: Climbing the Job Ladder Faster

We introduce an irregular network structure into a model of frictional, on-the-job search in which workers find...

Diálogo con la Ciencia: Educación Financiera para Jóvenes

Educación financiera para jóvenes (en Diálogo con la Ciencia, Congreso del Futuro) Presentación Superintendente de...

Expectation Errors in the Foreign Exchange Market

Abstract This paper argues that order flow can explain exchange rate forecasting errors.  A unified theoretic...

Experiencias de gestión ambiental local

Programa 23 de Agosto de 10.00 a 13.00 horas, Biblioteca Municipal...

Adopting a Cleaner Technology: The effect of Driving Restrictions on Fleet Turnover

Driving restrictions —limits on car use based on the last digit of a car’s license plate— are increasingly popul...

Mini curso: Matching, Sorting, and Noise

Mini-course by Hector Chade (Arizona State University) El propósito de este mini-curso es entregar una introducción sob...

Disentangling Moral Hazard and Adverse Selection

This paper analyzes a canonical principal-agent problem with moral hazard and adverse selection. The agent is ri...

Frictions Lead to Sorting: a Partnership Model with On-the-Match Search

We present a partnership model where heterogeneous agents bargain over the gains from trade and search on the ma...

The costs of lock-in in health care markets: evidence from hospital choice in Uruguay

Health care markets usually generate consumer lock-in because consumers can only change providers during open en...

Dynamic Effects of Price Promotions: A large-scale Field Experiment

Abstract We investigate whether promotion depth has dynamic effects on subsequent promotion sensitivity. In a...

Exporting and Plant-Level Efficiency Gains: It's in the Measure

Abstract While there is strong evidence for productivity-driven selection into exporting, the empirical liter...

The Value of a Millisecond: Speed Bumps, Inverted Maker-Taker Fees, Intermarket Competition, and Market Quality

We examine the effects of combining a randomized trading delay (or “speed bump”) with an inverted “taker-maker”...

Teachers Teaching Teachers: The Role of Networks on Financial Decisions

Abstract: This paper studies the role of peers in the transmission of information pertinent to household fina...

On the Origins of Money

The widely accepted account of the origin of money (Menger, 1892), is that money grew out of barter in order to...

Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure

Has rising trade integration between the U.S. and China contributed to the polarization of U.S. politics? Analyz...

Trade and Labor Market Outcomes

El Centro de Economía Aplicada en conjunto con el Instituto Milenio para la Investigación de Imperfecciones de Mercado y...

Open Lecture: Política municipal, participación social y desafíos de sustentabilidad para la comuna de Purranque

En el Consejo Municipal de la Ilustre Municipalidad de Purranque, investigadores del Núcleo de Desarrollo Local, Regiona...

Intra Firm Bargaining and Shapley Values

The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame...

A Typology of Players: between Instinctive and Contemplative

A new typology of players is proposed based on the classification of actions as either instinctive or contemplat...

Bundling, information and platform competition

This paper studies the impact of pure bundling and the level of consumer information about developer subscriptio...

Representación política de los pueblos indígenas en Chile

El programa de las Naciones Unidas para el Desarrollo (PNUD), en conjunto con el Instituto Milenio de Investigación de I...

"Modern" Market Makers

Using proprietary, trader-level data, we study the order submission and cancellation behavior of high-frequency...

Informational Synergies in Consumer Credit

Lenders can tap into multiple sources of private information to assess consumer credit risk but little is known...

Modelling Bounded Rationality: A First Lecture – Mini curso

El Centro de Economía Aplicada del Departamento de Ingeniería Industrial de la Universidad de Chile, en conjunto con el...

The Effect of Longer School Schedules on Early Literacy

Abstract We analyze the impact of longer school schedules on children’s early reading skills in Chile.  We ma...

A Macroeconomic Approach to Optimal Unemployment Insurance: Theory

This paper develops a theory of optimal unemployment insurance (UI) in matching models. The optimal replacement...

Dynamic Matching Markets and the Deferred Acceptance Mechanism

In many dynamic matching markets, priorities depend on previous allocations. In such environments, agents on the...

A persistence-based Wold-type decomposition for stationary time series

The Classical Wold Decomposition, which decomposes a weakly stationary time series x into an infinite moving ave...

Welfare Effects of Long-Term Contracts in Health Insurance

Igal Hendel Center for the Study of Industrial Organization, Northwestern University Speaker Website...

Macroprudential Policies in the U.S.

El Centro de Economía Aplicada del Departamento de Ingeniería Industrial, en conjunto con El Instituto Mileno pa...

The Impact of Basel III Capital Regulation on Bank Lending

This paper revisits the question of the effects of bank capital requirements on bank lending from the perspectiv...

Jornada de Educación Financiera para Mujeres Cooperativistas

En el marco del Día Internacional de la Mujer, el Instituto Milenio para la investigación de Imperfecciones de Mercados...

Monetary Policy Surprises and Expectations

Abstract: Central Bank policy decisions affect the economy not only through the direct effects of the bank's...

Ordinal Relative Satisficing Behavior

Abstract: We propose a notion of r-rationality, a relative version of satisficing behavior based on the idea...

Workshop on Health Care Economics

Este workshop busca crear una comunidad cientifica para estudiar los impactos de diversas politicas y regulacion...

Why Don’t We Agree? Evidence from a Social Network of Investors

Marina Niessner Yale School of Management Speaker Website: http://som.yale.edu/marina-niessner...

Summer School in Economics

El MIPP con la colaboración del Doctorado en Sistemas de Ingeniería y el Magister en Economía Aplicada (MAGCEA),  invita...

Living Donor Lobar Liver/Lung Exchange

Tayfun Sönmez Department of Economics, Boston College Speaker Website: http://www.tayfunsonmez.ne...

"Desafíos para el diseño de un nuevo sistema de admisión escolar"

La nueva Ley de Inclusión Escolar tiene como ejes centrales la transparencia y equidad de la admisión escolar. La Ley cr...

Taller de Organización Industrial - TOI

The Workshop on Industrial Organization (TOI) is an initiative created by Organización Industrial del Instituto...

Understanding the Interbank Network Structure under Interactions between Unsecured and Collateralized Money Markets

Abstract We study how the wholesale funding behavior of banks is affected by the presence of unsecured and co...

Santiago Finance Workshop

Santiago Finance Workshop reunirá a académicos, autoridades y profesionales de todo el mundo con el fin de discu...

Style Investing and Commonality in Liquidity

Olga Lebedeva Assistant Professor of Finance , Warwick Business School Speaker Website: http://ww...

Workshop Game Theory and Economic Behavior

The workshop will focus on repeated games and networks. There will be 6 international speakers from the most pre...

How have children benefited or not from the Colombian National Early Childhood Strategy

Raquel Bernal Department of Economics , Universidad de los Andes, Colombia Speaker Website: https...

Workshop on Search and Matching

The Workshop on Search and Matching is a joint initiative with the Anillo on Search and Matching (SMAUG). It will take p...

Workshop in Political Economy & Political Science

El Workshop in Political Economy & Political Science  tendrá lugar en el Departamento de Ingeniería Industrial de la...

Dynamic Incentives and Markov perfection: Putting the 'Conditional' in Conditional Cooperation

Abstract Many economic applications, across an array of fields, use dynamic games to study strategic interac...

Curso: "Economía Experimental: una Herramienta para la Teoría"

El MIPP invita a participar en el minicurso: "Economía Experimental: una Herramienta para la Teoría" que dara el destaca...

Identifying Sorting in Practice

Abstract Eeckhout and Kircher (2011) argue that using wage data alone, it is virtually impossible to identify...

A Paradox of Expansionary Policies

Abstract In this paper, we develop a model of intermediation in triparty meetings to illustrate the followin...

Optimal Monetary Interventions in Credit Markets

Abstract In an environment based on Lagos and Wright (2005) but with two rounds of pairwise meetings, we intr...

"Risky Income, Risky Families: Marriage and Divorce in a Volatile Labor Market"

Abstract There has been a striking increase in American idiosyncratic labor income volatility since 1970, wit...

"Secondary Market Liquidity and the Optimal Capital Structure"

Abstract We present a model where endogenous liquidity generates a feedback loop between secondary market liq...

Economic Performance, Distribution and Credit Restrictions Under Variable Investment

Abstract Potential entrepreneurs require capital for investment in projects. They are dierentiated by wealth...

Seminario/Taller “Experiencias y propuestas para fortalecer la gestión municipal medioambiental y la administración de riesgos medioambientales frente a los desafíos del cambio climático y los eventos extremos: Una mirada desde la Región de Los Lagos”

En esta perspectiva, el Seminario/Taller “Experiencias y propuestas para fortalecer la gestión municipal medioambiental...

Optimal Income Taxation with Unemployment and Wage Responses: A Sufficient Statistics Approach

Kory Kroft University of Toronto, NBER Speaker Website: http://korykroft.com/

"How Collateral Laws Shape Lending and Sectoral Activity"

Abstract We investigate the effects of collateral laws for movable assets on lending and sectoral allocation....

Crime and Vigilance

Abstract:       This paper develops a novel equilibrium theory of property crime. A population of potential v...

"Early Impacts of College Aid."

Abstract We analyze the impact of an expansion in government-guaranteed credit for higher education in Chile...

"On the welfare cost of bank concentration"

Abstract We build a model of bank concentration. Banks and entrepreneurs meet in a credit market characterize...

"Dynamic Oligopoly with Incomplete Information"

Abstract We consider signaling and learning dynamics in a Cournot oligopoly where firms have private informat...

"Decentralized Bargaining: Efficiency and the Core"

Abstract This paper studies market clearing in matching markets. The model is non-cooperative, fully decentra...

"Priority classes and weighted constrained equal awards rules for the claims problem"

We revisit the ``claims problem"  (Oneill, MSS 1982), where a group of individuals have claims on a resource but...

"Negotiations with Limited Specifiability"

Abstract This paper studies negotiations with limited specifiability —each of the partici...

"Human Capital, Employment and Entrepreneurship"

Felipe Balmaceda Economics Department, Diego Portales University Speaker Website: http://www.udp....

"Myopia and Complex Dynamic Incentives: Evidence from Medicare Part D"

Abstract Standard Medicare Part D drug insurance provides limited coverage in a ``donut hole'' region, making...

"Dynamic Contracting with Limited Commitment and the Ratchet Effect"

Abstract We study dynamic contracting with adverse selection and limited commitment. A Örm (the principal) an...

"When Demand Projections are Too Optimistic: A Structural Model of Product Line and Pricing"

Abstract We propose a methodology to estimate structural models of product line competition. This methodology...

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?

Abstract We study the evolution of individual labor earnings over the life cycle using a large panel...

"High prices, information acquisition and quality"

Nicolas Figueroa Instituto de Economía, Pontificia Universidad Católica de Chile Speaker Website:...

TBA

Marianna Kudlyak Federal Reserve Board of San Francisco Speaker Website: https://sites.google.com...

"The Democratization of Political Selection"

Abstract Democracy requires universal suffrage, but it also requires universal access to political office. Th...

"Berk-Nash Equilibrium: A Framework for Modeling Agents with Misspecified Models."

We develop an equilibrium framework that relaxes the standard assumption that people have a correctly-specified...

"Observability, competition and friction in the market for lemons: Theory and Experiment"

Olivier Bochet Economics at New York University-Abu Dhabi Speaker Website: https://sites.google.c...

"The impact of public research contracts on scientific productivity"

We analyze a competitive research-oriented public program established in Spain, the Ramon y Cajal Program, inten...

Market Design Workshop

SUSPENDED! Description This workshop is a venue to discuss recent developments and methods in the area of market des...