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Session 9: Interrelations between Financial and Labor Markets

August 25, 26, and 27, 2014
Deadline for Applications: 
May 15

Organized by:

  • Jonathan Berk, Graduate School of Business, Stanford University
  • Philip Bond, Foster School of Business, University of Washington
  • Luigi Pistaferri, Economics, Stanford University

The goal of this session is to enhance interactions among researchers working on the intersection between Finance and Labor Economics. There is now a burgeoning literature that recognizes the importance of labor markets for the operation, functioning, and understanding of financial markets. The idea would be to bring both Financial and Labor economists together and thereby help advance this rising field.

In this Session

Aug 25 | 1:30 pm to 2:30 pm

What Shifts the Beveridge Curve? Recruitment Effort and Financial Shocks

Presented by: Gianluca Violante, New York University
Co-Author(s): Alessandra Gavassa, London School of Economics; Simon Mongey, New York University
Aug 25 | 3:00 pm to 4:00 pm

High Discounts and High Unemployment

Presented by: Robert Hall, Hoover Institution, Stanford University, and National Bureau of Economic Research
Aug 25 | 4:00 pm to 5:00 pm

Productivity Shocks, Dynamic Contracts and Income Uncertainty

Presented by: Thibaut Lamadon, University College London
Aug 26 | 9:00 am to 10:00 am

Training the Doubtful and Timid

Presented by: Miguel Palacios, Vanderbilt University
Co-Author(s): Alex Stomper, Humboldt University
Aug 26 | 10:00 am to 11:00 am

Employment and Wage Insurance within Firms: Worldwide Evidence

Presented by: Marco Pagano, University of Naples Federico II
Co-Author(s): Andrew Ellul, Indiana University; Fabiano Schivardi, Luiss University
Aug 26 | 11:30 am to 12:30 pm

Private Equity, Technological Investment, and Labor Outcomes

Presented by: Ashwini Agrawal, New York University
Co-Author(s): Prasanna Tambe, New York University
Aug 26 | 1:30 pm to 2:30 pm

The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications

Presented by: Hanno Lustig, University of California, Los Angeles
Co-Author(s): Bernard Herskovic, New York University; Bryan Kelly, University of Chicago; Stijn Van Nieuwerburgh, New York University
Aug 26 | 3:00 pm to 4:00 pm

Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk

Presented by: Lawrence Schmidt, University of California, San Diego
Aug 26 | 4:00 pm to 5:00 pm

What We Talk about When We Talk about a Mutual Fund’s Reputation

Presented by: Chong Huang, University of California, Irvine
Co-Author(s): Fei Li, University of North Carolina, Chapel Hill
Aug 27 | 9:00 am to 10:00 am

Real Estate Collateral and Labor Demand

Presented by: David Thesmar, HEC Paris
Co-Author(s): Thomas Chaney, Toulouse School of Economics; Zongbo Huang, Princeton University; David Sraer, Princeton University
Aug 27 | 10:00 am to 11:00 am

Implications of Labor Market Frictions for Risk Aversion and Risk Premia

Presented by: Eric T. Swanson, University of California, Irvine
Aug 27 | 11:30 am to 12:30 pm

Background Risk and Portfolio Choice

Presented by: Luigi Pistaferri, Stanford University
Co-Author(s): Andreas Fagereng, Statistics Norway; Luigi Guiso, Einaudi Institute for Economics and Finance