European Center for Advanced Research in Economics and Statistics

News

Sustainability Champion award : Julia Jadin

24 January 2024

In October, the Teaching Awards honored exceptional work at the School, and we’re thrilled to announce that Julia Jadin, a dedicated PhD researcher, was recognized as the Sustainability Champion! Julia not only contributes to academic research for her PhD thesis but also leads training sessions in various Executive Education programs for the Solvay Lifelong Learning …

Bram De Rock’s workshop – 15 years !

12 December 2023

Celebrating 15 Years of Academic Excellence! What began as a modest gathering 15 years ago, with just six individuals in Bram De Rock‘s living room, has blossomed into an enriching tradition. On November 15, we marked this milestone with a vibrant gathering of 40 researchers, all affiliated with Belgian universities, sharing a keen interest in …

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Leone Fabrizio Won 3 Prizes for his paper Global Robots

12 December 2023

Exciting News! Leone Fabrizio is on a winning streak! “Global Robots” secured three prestigious awards: Congratulations !!

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Calendar

5 March 2024
  • José Vincente Rodriguez, Edinburgh
    05 Mar, 14:00 - 15:15

    Homepage 

    Ttitle : National Accounts in a World of Naturally Occurring Data : A Proof of Concept for Consumption

    Abstract : This paper provides a first proof of concept that naturally occurring transaction data, arising from the decentralized activity of millions of economic agents, can be harnessed to produce both traditional national accounts-like objects and novel representative economic statistics. We deploy comprehensive transaction-level data and its associated meta data arising from the universe of Spanish retail accounts of Banco Bilbao Vizcaya Argentaria (BBVA). We first organize the resulting 3 billion individual transactions by 1.8 million bank customers in a large and highly detailed representative consumption panel. Based on this, we then show that the aggregation of such data, once organized according to national accounting principles, can reproduce current official statistics on aggregate consumption in the national accounts with a high degree of precision. As a result of the richness of the transaction data, we additionally show that such data can produce novel, highly detailed distributional accounts for consumption which show larger consumption inequality than surveys suggest, particularly in the right tail. Finally, we use the panel nature of the data to offer a non-parametric analysis of individual consumption dynamics which feature a significant degree of mean reversion. More over,the distribution of consumption growth has thick tails.

    Location: 2.103

    Mar
    05

    Homepage 

    Ttitle : National Accounts in a World of Naturally Occurring Data : A Proof of Concept for Consumption

    Abstract : This paper provides a first proof of concept that naturally occurring transaction data, arising from the decentralized activity of millions of economic agents, can be harnessed to produce both traditional national accounts-like objects and novel representative economic statistics. We deploy comprehensive transaction-level data and its associated meta data arising from the universe of Spanish retail accounts of Banco Bilbao Vizcaya Argentaria (BBVA). We first organize the resulting 3 billion individual transactions by 1.8 million bank customers in a large and highly detailed representative consumption panel. Based on this, we then show that the aggregation of such data, once organized according to national accounting principles, can reproduce current official statistics on aggregate consumption in the national accounts with a high degree of precision. As a result of the richness of the transaction data, we additionally show that such data can produce novel, highly detailed distributional accounts for consumption which show larger consumption inequality than surveys suggest, particularly in the right tail. Finally, we use the panel nature of the data to offer a non-parametric analysis of individual consumption dynamics which feature a significant degree of mean reversion. More over,the distribution of consumption growth has thick tails.

    José Vincente Rodriguez, Edinburgh

    Tuesday, 14:00 - 15:15

    Location: 2.103

8 March 2024
  • Bastien Bernon, ECARES
    08 Mar, 12:15 - 13:30

    Location: R42.5.110

    Mar
    08

    Bastien Bernon, ECARES

    Friday, 12:15 - 13:30

    Location: R42.5.110

12 March 2024
  • Ernest Liu, Princeton University
    12 Mar, 14:00 - 15:15

    Location: 2.110

    Mar
    12

    Ernest Liu, Princeton University

    Tuesday, 14:00 - 15:15

    Location: 2.110

22 March 2024
  • Mara Squiccianrini, Bocconi University
    22 Mar, 12:15 - 13:30

    Location: R42.5.103

    Mar
    22

    Mara Squiccianrini, Bocconi University

    Friday, 12:15 - 13:30

    Location: R42.5.103

26 March 2024
  • Miren Lafourcade, PSE
    26 Mar, 14:00 - 15:15

    Homepage

    Title : Place-Based Policies:Opportunity for Deprived Schools or Zone-and-Shame Effect?

    Abstract : 

    Even though place-based policies involve large public transfers toward low-income neigh-
    borhoods, they may also backfire by stigmatizing the targeted areas. This paper appeals to

    the quasi-experimental discontinuity in a French reform that redrew the zoning map of subsi-
    dized neighborhoods based on a sharp poverty cut-off to assess the “net" effect of place-based

    policies on school outcomes. Using a difference-in-differences approach, we find strong evi-
    dence of stigma from policy designation, as public middle schools located in neighborhoods

    below the poverty cut-off saw a significant decrease in their post-reform pupil enrollment
    compared to their counterfactual analogues in unlabeled areas lying just above the threshold.
    This "zone-and-shame" effect is immediate, it persists up to five years after the reform, and
    it is triggered by the reactions of parents from all socioeconomic backgrounds, who started
    avoiding public schools in labeled areas and shifted to those in unlabeled areas or, only for
    wealthy parents, to private schools. There is also evidence of a short-lived decrease in pupils’

    test scores associated with this spatial resorting. We uncover, on the contrary, only weak ev-
    idence of stigma reversion after an area loses its designation, suggesting hysteresis in bad

    reputations conveyed by policy labeling.


    Location: 2.103

    Mar
    26

    Homepage

    Title : Place-Based Policies:Opportunity for Deprived Schools or Zone-and-Shame Effect?

    Abstract : 

    Even though place-based policies involve large public transfers toward low-income neigh-
    borhoods, they may also backfire by stigmatizing the targeted areas. This paper appeals to

    the quasi-experimental discontinuity in a French reform that redrew the zoning map of subsi-
    dized neighborhoods based on a sharp poverty cut-off to assess the “net" effect of place-based

    policies on school outcomes. Using a difference-in-differences approach, we find strong evi-
    dence of stigma from policy designation, as public middle schools located in neighborhoods

    below the poverty cut-off saw a significant decrease in their post-reform pupil enrollment
    compared to their counterfactual analogues in unlabeled areas lying just above the threshold.
    This "zone-and-shame" effect is immediate, it persists up to five years after the reform, and
    it is triggered by the reactions of parents from all socioeconomic backgrounds, who started
    avoiding public schools in labeled areas and shifted to those in unlabeled areas or, only for
    wealthy parents, to private schools. There is also evidence of a short-lived decrease in pupils’

    test scores associated with this spatial resorting. We uncover, on the contrary, only weak ev-
    idence of stigma reversion after an area loses its designation, suggesting hysteresis in bad

    reputations conveyed by policy labeling.


    Miren Lafourcade, PSE

    Tuesday, 14:00 - 15:15

    Location: 2.103

27 March 2024
  • PhD Lecture - Raquel Fernandez, NYU
    27 Mar, 10:00 - 12:30

    Location: R42.2.110

    Mar
    27

    PhD Lecture - Raquel Fernandez, NYU

    Wednesday, 10:00 - 12:30

    Location: R42.2.110

28 March 2024
  • PhD Lecture - Raquel Fernandez, NYU
    28 Mar, 10:00 - 17:00

    Location:

    Mar
    28

    PhD Lecture - Raquel Fernandez, NYU

    Thursday, 10:00 - 17:00

    Location:

29 March 2024
  • Mariia Kovaleva, ECARES
    29 Mar, 12:15 - 13:15

    Location: R42.2.113

    Mar
    29

    Mariia Kovaleva, ECARES

    Friday, 12:15 - 13:15

    Location: R42.2.113

16 April 2024
  • Jeanne Commault, Scences Po
    16 Apr, 14:00 - 15:30

    Location: 2.113

    Apr
    16

    Jeanne Commault, Scences Po

    Tuesday, 14:00 - 15:30

    Location: 2.113

19 April 2024
  • So Jin
    19 Apr, 12:15 - 13:30

    Location: R42.5.103

    Apr
    19

    So Jin

    Friday, 12:15 - 13:30

    Location: R42.5.103

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