Benjamin Schoefer

This year’s #ECBForum on Central Banking is approaching! Together with leading voices in central banking, we’ll be gathering in Sintra, Portugal to discuss how we can navigate the changes and deliver on our mandate. Join us 👇

Even in these unpredictable times​, we focus on keeping prices stable. Follow the #ECBForum on Central Banking in Sintra, Portugal, from 30 June to 2 July to find out how central banks navigate the turbulent geopolitical environment. The programme 👉 ecb.europa.eu/press/conferen…

New paper: "What Does Consulting Do?" w/ Gert Bijnens, @simon_jaeger Consulting is a storied but opaque industry. Our VAT-based B2B data permit the 1st comprehensive study: Which firms buy consulting? What happens when they do? nber.org/papers/w34072 eml.berkeley.edu/~schoefer/scho…

New paper on "Opting Out of Centralized Collective Bargaining: Evidence from Italy" w/ Christian Dustmann @c_giannetto @l_incoronato @chiaralac Vincenzo Pezone @raffaelesaggio Micro evidence on the effects on workers & firms PDFs: nber.org/papers/w34076 eml.berkeley.edu/~schoefer/scho…

Heute gibt es einen fantastischen und detaillierten Artikel zu meinem Paper & EZB-Sintra-Vortrag zum Thema Arbeitsmarktdynamik, -politik und Wachstum in der @faznet Sonntagszeitung: zeitung.faz.net/fas/wert-wohne… Vielen Dank, @alexwulfers @Nina_Hewi! Das Paper: eml.berkeley.edu/~schoefer/scho…

Vielen Dank an die WirtschaftsWoche @wiwo (Henrike Adamsen) für die fantastische Zusammenfassung meines gestrigen @ecb EZB-Sintra-Papers und -Vortrags zum Thema Wachstum und Arbeitsmarktpolitik: ecb.europa.eu/press/conferen… wiwoapp.wiwo.de/cmsId/10013864… ecb.europa.eu/press/conferen

New CEPR Discussion Paper - DP20479 Eurosclerosis at 40: Labor Market Institutions, Dynamism, and European Competitiveness Benjamin Schoefer @Schoefer_B @UCBerkeley @berkeleyecon ow.ly/4Qcm50WtO44 #CEPR_LE #CEPR_MG #CEPR_PE #EconTwitter

My new paper (essay?) explores how labor market institutions may affect not just unemployment & wages... -but also productivity & growth, -especially in Europe (vs. the US). -Potential channel: "dynamism." Based on my talk and paper at the ECB Forum on Central Banking in Sintra.

Examining how labor market institutions and rigidities continue to shape European competitiveness and unemployment, from @Schoefer_B nber.org/papers/w33975

Very excited that our paper (joint with Jarkko Harju and @Schoefer_B) on "Voice at Work" is published in the American Economic Journal: Applied Economics. We study what happened when workers in Finnish firms got a right to worker voice on the corporate board. @AEAjournals 👇

EP can affect dynamism for businesses and workers, ultimately affecting misallocation, R&D, innovation, and investment. One interesting channel: making it hard to fire also makes it risky to venture into new business areas, increasing risks of innovating. 7/

@Schoefer_B presented work on labor mkts. Is the EU model of employment protection (EP) at odds with innovation? EU characterized by high EP: low risk of losing a job (y axis below), but also low chances of finding one when one ends up unemployed (x axis). 5/

Photo from the second edition of the GEP Labour and Globalisation Workshop last week. Featuring keynote presentations by @Schoefer_B and @alexandraroulet the event brings together young scholars from prestigious institutions for two days of presentations and lively discussions.

Looking forward to my session at the @SEDmeeting tomorrow and learning from other talks! I will present joint work with the excellent trio of @alexclymo, Yusuf Mercan and @Schoefer_B. Main result: novel, efficiency-based motive for unemployment insurance. When jobs differ not…

Highly relevant! "Eurosclerosis at 40: Labor Market Institutions, Dynamism, and European Competitiveness" by Benjamin Schoefer. "This paper repositions Europe’s labor market institutions as drivers of the transatlantic gap in macroeconomic performance." ecb.europa.eu/pub/pdf/sintra…

🔵 Watch live: the #ECBForum on Central Banking opens with a session on the macroeconomic implications of changes in euro area labour markets with: - Luis de Guindos - Benjamin Schoefer @Schoefer_B - Nicola Fuchs-Schündeln Follow the event europa.eu/!9F4cq3

Thanks a lot to my German-speaking colleagues for another insightful discussion. This time we focused on monetary policy, the international role of the euro, capital markets union and - for the first time - stablecoins.

Looking forward to having Shifrah Aron-Dine at Berkeley starting July, and to learning a lot from her!

ARE is excited to announce that Shifrah Aron-Dine from Stanford is joining our department! She studies questions related to environmental economics and climate change using tools from macroeconomics, finance, environmental economics, and real estate. shifraharondine.com