BEGIN:VCALENDAR VERSION:2.0 PRODID:-//AMSE//Event Calendar//FR CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VEVENT UID:event-10409@amse-aixmarseille.fr DTSTAMP:20260430T153321Z CREATED:20260430T153321Z LAST-MODIFIED:20260430T153321Z STATUS:CONFIRMED SEQUENCE:0 SUMMARY:Macro and labor market seminar - Anna Rogantini Picco*\, Russell Co oper** DTSTART:20240524T093000Z DTEND:20240524T123000Z DESCRIPTION:*We use a comprehensive Swedish credit register data to documen t that firms throughout the size distribution have access to fairly large a nd reasonably priced credit lines. However\, they borrow relatively little from the credit lines. We also find that credit lines utilization is negati vely related to real and financial uncertainty\, suggesting that the observ ed low utilization is the result of tight `dynamic' credit constraints\, ra ther than unneeded funds. To understand some of the factors that affect the financial decision of firms and\, especially\, the low utilization of cred it\, we use a simple theoretical model we estimate for each firm. The estim ation allows us to derive measures of borrowing capacity for each firm. We find that the estimated credit capacities are highly correlated with direct empirical measures of credit limits based committed amounts of credit line s. Through counterfactual simulations we also find that (future) financial uncertainty is more important than (future) real uncertainty for the low ut ilization of credit.**This paper studies gender differences in educational attainment and labor market outcomes. Across 21 OECD countries\, though me n are paid more than women\, the college attainment rates and college prem ia are (mostly) higher for women. This paper explains these patterns throug h the lens of a dynamic choice model of education and labor market outcome s. Using the estimated model\, we decompose the observed gender gaps throu gh a series of counterfactual exercises. One finding is that these gaps ar e driven mainly by gender differences in the average compensation at non-c ollege jobs. The estimated lower compensation for non-college women generat es for them larger college premia and higher incentives to attend college relative to men. A second finding is that distributions matter: the observ ed gender wage gap for college workers can be created by differences in th e gender specific distributions across signals of ability rather than wage differences across genders given a signal.\\n\\nContact: Marco Fongoni: mar co.fongoni[at]univ-amu.frFrancesco Gaudio: francesco-saverio.gaudio[at]uni v-amu.fr\n\nPlus d'informations: https://amse-aixmarseille.fr/en/events/ann a-rogantini-picco-russell-cooper-0 LOCATION:Îlot Bernard du Bois - Salle 17\, AMU - AMSE\, 5-9 boulevard Maur ice Bourdet\, 13001 Marseille URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/anna-rogantini-picco-russell-cooper-0 CONTACT:Marco Fongoni: marco.fongoni[at]univ-amu.frFrancesco Gaudio: \; francesco-saverio.gaudio[at]univ-amu.fr TRANSP:OPAQUE END:VEVENT END:VCALENDAR