| 1. |
- Cohen-Cole, Ethan, et al.
(författare)
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Static and dynamic networks in interbank markets
- 2015
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Ingår i: Network Science. - : Cambridge University Press (CUP). - 2050-1242 .- 2050-1250. ; 3:01, s. 98-123
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Tidskriftsartikel (refereegranskat)abstract
- This paper proposes a model of network interactions in the interbank market. Our innovation is to model systemic risk in the interbank network as the propagation of incentives or strategic behavior rather than the propagation of losses after default. Transmission in our model is not based on default. Instead, we explain bank profitability based on competition incentives and the outcome of a strategic game. As competitors' lending decisions change, banks adjust their own decisions as a result: generating a “transmission” of shocks through the system. We provide a unique equilibrium characterization of a static model, and embed this model into a full dynamic model of network formation. We also determine the key bank, which is the bank that is crucial for the stability of the financial network.
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| 2. |
- Patacchini, Eleonora, et al.
(författare)
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Exploratory Analysis for Europe : Religion and Physical Appearance
- 2015
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Ingår i: Unexplored Dimensions of Discrimination. - : Oxford University Press. - 9780198729853 - 9780191796500 ; , s. 147-243
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Bokkapitel (refereegranskat)abstract
- Using the available cross-country data for Europe, this chapter provides novel evidence on the employment and labor market participation rates of underweight and overweight people as well as people belonging to different religious groups. In particular, it uses the International Social Survey Program (ISSP) to investigate the relationship between religion and labor-market outcomes, and the European Community Household Panel and the European Union Statistics on Income and Living Conditions to study the relationship between obesity and labor-market outcomes. This chapter also discusses the labor market and anti-discrimination policies that have been implemented in the different European countries.
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| 3. |
- Patacchini, Eleonora, et al.
(författare)
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Unexplored dimensions of discrimination in Europe : homosexuality and physical appearance
- 2015
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Ingår i: Journal of Population Economics. - : Springer Science and Business Media LLC. - 0933-1433 .- 1432-1475. ; 28:4, s. 1045-1073
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Tidskriftsartikel (refereegranskat)abstract
- We study labor-market discrimination of individuals with specific characteristics in Italy. We conduct a field experiment in two Italian cities: Rome and Milan, by sending fake CVs to real ads. We find that there is a strong penalty for homosexuals, i.e., about 30 % less chance to be called back compared to a heterosexual male and even more so if they are highly skilled. On the other hand, we find no penalty for homosexual females. We also find a beauty premium for females only but this premium is much lower when the pretty woman is skilled.
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