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DTSTART:20170326T010000
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DTSTART:20171029T010000
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DTSTART;TZID=Europe/Paris:20171129T121500
DTEND;TZID=Europe/Paris:20171129T133000
DTSTAMP:20260715T062434
CREATED:20171117T093235Z
LAST-MODIFIED:20171117T093235Z
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SUMMARY:Julien SAUVAGNAT (Bocconi University) - "Import Competition and Household Debt" joint work with Jean-Noël Barrot\, Erik Loualiche and Matthew Plosser
DESCRIPTION:\nThe Microeconomics Seminar: Every Wednesday at 12:15 pm. \nTime: 12:15 pm – 1:30 pm\nDate: 29th of November 2017\nPlace: Room 3001. \nJulien SAUVAGNAT (Bocconi University) – “Import Competition and Household Debt” joint work with Jean-Noël Barrot\, Erik Loualiche and Matthew Plosser \nAbstract: We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on consumer finances. We exploit variation in exposure to foreign competition using industry-level shipping costs and initial differences in regions industry specialization. We show that household debt increased significantly in regions where manufacturing industries are more exposed to import competition. A one standard deviation increase in exposure to import competition explains 30% of the cross-regional variation in household leverage growth\, and is mostly driven by home equity extraction. Our results highlight the distributive effects of globalization and their consequences for household  finances. \nYou can download the paper here. \n\n\nOrganizers:\nMarie-Laure Allain\, Pierre Boyer\, Laurent Linnemer  &  Morgane Cure (CREST) \nSponsors:\nCREST \nLunch registration: \nLink (before 26th of November 2017) \n\n
URL:https://crest.science/event/julien-sauvagnat-bocconi-university-import-competition-and-household-debt-joint-work-with-jean-noel-barrot-erik-loualiche-and-matthew-plosser/
CATEGORIES:Economics,Microeconomics
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