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DTSTART;TZID=Europe/London:20210203T143000
DTEND;TZID=Europe/London:20210203T160000
DTSTAMP:20260701T074342
CREATED:20210109T222306Z
LAST-MODIFIED:20210519T093703Z
UID:2150-1612362600-1612368000@research.reading.ac.uk
SUMMARY:Arlan Brucal (External Seminar)
DESCRIPTION:Title: Assessing the impact of energy prices on plant-level environmental and economic performance: Evidence from Indonesian manufacturers (joint w/ Antoine Dechezleprêtre) \nAbstract: The paper investigates the impact of policy-induced higher energy prices on the environmental performance and competitiveness of Indonesian firms using plant-level data covering all medium and large enterprises in the Indonesian manufacturing industry for the period 1980-2015. The study exploits geographic\, industrial and temporal energy price variations to identify the causal effect of price increases on the performance of firms. Preliminary results show that a 10% energy price increase induces a reduction in energy use by 5.23%\, higher than most estimates in developed-country settings\, with minimal effect on average employment. In response to energy price shocks\, Indonesian plants tend to update their capital stock towards more energy-efficient and/or energy-saving machineries and vehicles. Our approach also highlights the importance of considering not only surviving firms but also entry and exit when analysing the effects of energy price policies. At the micro-level\, we find that higher energy prices increase the likelihood of plant exits. This kind of response is higher in magnitude for plants that are relatively more energy intensive. \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/arlan-brucal-external-seminar-2/
CATEGORIES:External Seminars
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DTSTART;TZID=Europe/London:20210210T143000
DTEND;TZID=Europe/London:20210210T160000
DTSTAMP:20260701T074342
CREATED:20210109T222338Z
LAST-MODIFIED:20210519T112705Z
UID:2151-1612967400-1612972800@research.reading.ac.uk
SUMMARY:Peter Spittal (External Seminar)
DESCRIPTION:Title: Benefit salience and labour supply \nAbstract: I study the salience of dynamic features of the welfare system. I estimate labour supply responses to a large\, lump-sum and foreseeable reduction in benefit income arising from children ageing out of eligibility for Child Tax Credit—a major welfare programme in the UK. I show that the rules governing eligibility are non-salient\, despite the high financial stakes\, and that claimants learn about them through experience. The results also rule out a broad set of alternative mechanisms which are indistinguishable from salience effects in static settings. I then develop a structural life-cycle labour supply model in which individuals may be unaware of the benefit eligibility rules\, using the empirical results to identify key parameters in the model. The model estimates suggest that nearly 82 percent of claimants are initially unaware of the benefit eligibility rules. And the resulting optimisation errors have substantial welfare costs—equivalent to a 14 percent reduction in income from the programme\, with no offsetting benefits to the government. The findings identify a new source of inefficiency in the welfare system\, and highlight the importance of recognising that dynamic features of policy may be non-salient. \nWatch the recording
URL:https://research.reading.ac.uk/economics/event/peter-spittal-external-seminar/
CATEGORIES:External Seminars
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