Headlines 2016

  • Steven Davis on Swedish Radio


    Steven Davis, University of Chicago Booth School of Business, visited Sweden and IFN in December. He participated in a public seminar and was interviewed by Pär Ivarsson, Ekonomiekot, Swedish Radio. Davis is co-founder of the Economic Policy Uncertainty Index, which measures economic uncertainty and its impact on production, investment and employment. The interview will be broadcasted in…

  • New research: Stock options promote entrepreneurship


    The interaction of favorable tax treatment and inherent advantages has led to near universal use of stock options in American venture capital deals, while this remains less common in Europe. Magnus Henrekson, IFN, and Tino Sanandaji asked the tax consultancy firm PwC to calculate the effective tax rate for a standardized entrepreneurial case in 22 countries, finding that countries with favorable…

  • In the right setting many more become entrepreneurs


    "Entrepreneurs create growth, but who creates entrepreneurs?" was the title of a seminar that IFN, in cooperation with the publisher Studentlitteratur, arranged on January 19. A renowned panel discussed what needs to be done for more people to become entrepreneurs.

  • Private Equity’s Unintended Dark Side


    In the Columbia Law School's Blog Alexander Ljungqvist, NYU and affiliated to IFN, Lars Persson, IFN, and Joacim Tåg, IFN, writes about long term consequences of buyouts. The study focuses on public-to-private buyouts which in the US account for an estimated 45% of PE transactions by value. As a consequence, the size of the U.S. stock market has fallen dramatically in recent years,…

  • Confirming the existence of a glass ceiling


    Matti Keloharju, Professor of Finance at Aalto University in Finland, Samuli Knüpfer, Professor of Finance at BI Norwegian Business School in Oslo, and Joacim Tåg,  Ph.D. and Program Director at IFN, has published a study about gender gaps in CEO appointments and pay. Both gaps are sizeable: 18% for CEO appointments and 27% for pay. At most one-eight of the gaps can be…

  • When introducing new grocery stores


    Researchers Matilda Orth, IFN, and Florin Maican, Gothenburg University and affiliated to IFN, have developed methods and tools for enhancing strategic decision making in retail. The research report is published by the Swedish Retail and Wholesale Council (Handelsrådet). The study shows, among other things, how competition is working between stores with different concept and location. This…

  • New Report: Create fairness between generations!


    On Tuesday Harold James, Professor of History and International Affairs, Princeton University, presented the 2016 EEAG Report and a chapter about intergenerational fairness in today’s Europe. Mats Persson, Professor of Economics at Stockholm University, commented on the report. This was followed by a discussion moderaterad by journalist Paulina Neuding. The topics veered from the many asylum…

  • New study: ADHD, impulsivity and entrepreneurship


    On Wednesday Johan Wiklund, Syracuse University, presented the study "ADHD, Impulsivity and Entrepreneurship" at IFN in Stockholm. "Johan Wiklund is one of the world's most successful entrepreneurship scholars", said Niclas Berggren, IFN, when introducing Wiklund who is currently studying if individuals diagnosed with ADHD are less or more prone to become entrepreneurs.

  • Philippe Aghion awarded € 100 000


    The 2016 Global Award for Entrepreneurship Research is awarded to Professor Philippe Aghion, Collège de France and previously at Harvard University. Global Award is the most prominent international award in entrepreneurship research with a prize sum of € 100 000. Professor Aghion, who has been one of the World’s most influential scholars in economics during the last two decades,…

  • One-size doesn't fit all EU countries


    Within the framework of the EU project FIRES a first IFN-working paper has been published by Niklas Elert, IFN, and Selin Dilli, Utrecht University. In their study they have examined how 21 European countries and the United States cluster in entrepreneurial and institutional dimensions. The results reveal six country clusters, or entrepreneurial regimes. The main implication is that…

  • Funding of research about genetic influence on the economy


    David Cesarini, IFN and New York University, has been awarded over SEK 6 million from the Ragnar Söderberg Foundation to study how millions of genetic markers related to various economic and social behaviors and attitudes. Sven Oskarsson, Uppsala University, is coapplicant. Studies led by the two researchers have begun to identify genetic associations with behavioral outcomes such as…

  • Aviation is important to business!


    The link between air travel and economic activity is very strong, explained Shon Ferguson, IFN, and Richard Forslid, Stockholm University, in the SNS report "Flyget och företagen” (Aviation and business) which was presented on Tuesday. They show that a municipality with half as much distance to the airport has 50 percent higher production. The study also shows that…

  • Lessons from the German labor market


    Arbetsmarknadsekonomiska rådet (Labor Economic Council) with Lars Calmfors, IFN, as chairman, unveiled on Thursday a report: "The German Labor Market Miracle: An Assessment". In the report Professor Michael C. Burda of Humboldt University in Berlin, analyzes how labor market reforms and changes in wage formation in Germany have affected employment.

  • Stock options for a better business climate


    On Tuesday, Liberalerna (the Liberals) organized a seminar in Parliament: "Stock options - the possibility for co-workers to become co-owner?" Magnus Henrekson, IFN, was part of a panel that discussed ideas about the business climate in general and stock options in particular. The Incentives commission's (Incitamentsutredningen) proposal for stock option rules was criticized by all…

  • CEPR European Workshop on Entrepreneurship Economics


    Researchers from Europe and the US, with interest in the field of entrepreneurship, will be attending a workshop in Stockholm June 18-19. Emphasis will be on topics with policy relevance, e.g.  entrepreneurship and institutions, financing entrepreneurship (venture capital/business angels), job creation and entrepreneurship and so on.

  • The Global Award goes to Philippe Aghion


    On Tuesday Professor Philippe Aghion, Collège de France, received the Global Award for Entrepreneurship Research 2016. The award ceremony was held at Grand Hotel in Stockholm. Faced with an ample audience Aghion held a prize lecture on growth and innovation. Global Award is the world's leading award in entrepreneurship research, with a prize sum of almost one million. Philippe Aghion is…

  • Jonathan Haidt to discuss with Swedish Minister for secondary education


    Jonathan Haidt is a social psychologist and Professor of Ethical Leadership at New York University’s Stern School of Business. Professor Haidt's research focus on the moral foundations of politics, and on ways to transcend the “culture wars” by using recent discoveries in moral psychology to foster more civil forms of politics. On June 28 Jonathan Haidt will open a seminar in…

  • New research on the electricity market


    Thomas Tangerås, director of IFN's research program The Economics of Electricity Markets, participated on Thursday in a lunch seminar organized by Energiföretagen Sverige and Elforsk. The theme was "Today's research findings build future electricity markets". At the seminar Thomas Tangerås presented his research about capacity reserves in a integrated…

  • Research, research and even more research


    During the week, two researchers visited IFN to present their research at academic seminars and to discuss their results with IFN-researchers. Randi Hjalmarsson, Gothenburg University, spoke about "The Causal Effect of Military Conscription on Crime and the Labor Market". She did so at a research seminar on Wednesday. On a brown bagseminarium Maria Polyakova, Stanford University,…

  • Advantage for voucher schools?


    A study by Jonas Vlachos, Stockholm University and affiliated to IFN, and Björn Tyrefors Hinnerich, has created debate in Swedish media. Vlachos and Tyrefors find that students at upper-secondary voucher schools on average score 0.06 standard deviations lower on externally graded standardized tests. At the same time voucher schools are 0.14 standard deviations more generous than municipal…

  • How should public services be financed, organized and delivered?


    June 9─10 a group of researchers from Sweden, United States and Britain attended IFN’s annual academic conference in Vaxholm. This year’s topic was “Efficient Provision of Public Services”, within the framework of the IFN research project Public services in the future. Subjects discussed ranged from education reforms to for-profit corporations in the welfare sector and the…

  • Sweden as a knowledge-driven economy: “Quite possible – but not inevitable"


    Entrepreneurial ecosystem iss the theme of an anthology presented by Esbri on Wednesday. Magnus Henrekson has together with Pontus Braunerhjelm authored the chapter " "Från utbildning, forskning och innovation till växande företag och stigande välstånd" (From education, research and innovation to growing businesses and growing prosperity). He explained…

  • Digitization can benefit Swedish business


    On June 16, the ESO report "Digitaliseringens dynamik” (Digitization dynamics) was presented. The study is authored by IFN researchers Fredrik Heyman, John Norbäck and Lars Persson. They are among the first to study the effects of automation over a longer period, from 1996 to 2013. The researchers explain that digitization can give Swedish companies competitive advantages.…

  • International conference on entrepreneurship research


    June 18–19, 2016, the Institute for Research of Industrial Economics (IFN), in cooperation with the Centre for Economic Policy Research (CEPR), organized the Third CEPR European Workshop on Entrepreneurship Economics in Stockholm, Sweden. Researchers from all over the world attended the conference to discuss topics concerning entrepreneurship.

  • Explaining Brexit and why we don’t understand our opponents


    Psychology is crucial to understanding today's society, explained Professor Jonathan Haidt, Stern School of Business at New York University, during a breakfast seminar in Stockholm. He commented on Brexit and said that mass immigration and the multi-cultural urban elite's positive attitude towards immigration means that more and more people will join the ranks of conservative ideas. Aida…

  • The advantage of selling an invention instead of turning it into a business


    Selling to incumbent firms encourage creators to focus on high-quality research projects, write Pehr-Johan Norbäck, Lars Persson and Roger Svensson in a blog post for the London School of Economics' Business Review. The research results "suggest that industry policies that disfavour innovation for sale over innovation for entry may be harmful," writes Norbäck, Persson and…

  • The Almedalen Week: Interaction between research and policy


    During the Almedalen Week July 3–10, a number of IFN-researchers participated in seminars and other events. Andreas Bergh, IFN and Lund University,  participated in a seminar organized by the think tank Fores, ”Ökad invandring – hur påverkas social tillit?”(The impact of increased immigrationon on social trust?) Lars Calmfors, Mårten Blix and Therese…

  • New study: Infant care reduces risk of cancer


    Associate Professor Therese Nilsson, IFN and Lund University, together with Professors Martin Karlsson, University of Duisburg-Essen and Sonia Bhalotra, University of Essex, has studied the introduction of a free infant care program introduced on a trial basis in Sweden in the 1930s. The program provided information, support and monitoring of infants. The research shows that the care significantly…

  • Importance of systematic quality analysis in schools proved in new report


    In a forthcoming report presented by the Confederation of Swedish Enterprise, Henrik Jordahl, IFN, is comparing the systematic quality work of the three largest private school corporations and three municipalities of comparable size. In Dagens Nyheter Jordahl writes: "The municipalities systematic quality work, in this comparison, appears as neglected." Henrik Jordahl explains that…

  • Matilda Orth and Florin Maican awarded


    Matilda Orth, IFN, and Florin Maican, affiliated to IFN, have been awarded The International Journal of Industrial Organization's Best Paper Award 2016. This prize is awarded to the best two papers published each year. The papers are selected by the editorial board of the journal. "A dynamic analysis of entry regulations and productivity in retail trade", by Orth and Maican, was…

  • New publication: A Clean House? Studies of Corruption in Sweden


    Andreas Bergh, IFN, Gissur Ó Erlingsson, Linköping University, Mats Sjölin Linné University, and Richard Öhrvall, IFN, are the authors a a new book:  A Clean House? Studies of Corruption in Sweden (Nordic Academic Press 2016). The researchers describe how countries typically viewed as low-corruption states can have particular problems that should not be…

  • Report on the economics of immigration


    Andreas Bergh, IFN, and Lund University, has on behalf of the think tank Fores written the report Hela staden – varför vinner vi inte (mer) på invandringen? (The entire town - why don’t we gain (more) from the immigration?). The report was presented at a seminar on Wednesday. Bergh explained that the major stumbling blocks for immigrants to enter the labor market is…

  • Associate editor at academic journal


    Per Hjertstrand, IFN, has been appointed associate editor of Macroeconomic Dynamics, published by Cambridge Journals. The journal is a renowned specialized periodical in macroeconomics that publishes theoretical, empirical and quantitative research. "As an associate editor, I help decide who will review the texts sent to the journal," explains Hjertstrand. At the next stage, he is also…

  • The idea is the idea of growth


    On Friday, September 2 well-known economist Deirdre McCloskey, professor at University of Illinois at Chicago, opened a seminar entitled "The idea is the idea of growth". Bettina Kashefi, chief economist at the Confederation of Swedish Enterprise, and Ola Pettersson, chief economist at the Swedish Trade Union Confederation, participated in the subsequent panel. Professor McCloskey spoke…

  • IFN researchers: Multiple errors in Landström's report


    An op-ed by Magnus Henrekson and Henrik Jordahl, IFN, is published in Dagens Industri. The basis for the article is the proposal to limit profit to 8 percent of capital invested in tax financed services, i.e. education, healthcare and so on. Henrekson and Jordahl found several errors with Joachim Landström’s analysis of the matter, explaining that "a reasonable mandate would be to…

  • Researcher at the Göteborg Book Fair


    Richard Öhrvall, IFN and Linköping University, will present his research during this year's Göteborg Book Fair on September 22. Presentations will be made in the Forskartorget and in the Linköping University booth. Who are the voters in elections? Do parents, upbringing, school, and friends affect the likelihood that you will get involved in politics? These are some of the…

  • Swedish politicians are qualified and representative


  • Study on Swedish school achievements


    On Tuesday, Magnus Henrekson presented a report at the The Royal Swedish Academy of Engineering Sciences, IVA. Together with Sebastian Jävervall, PhD student at Uppsala University, he has authored the report "Swedish school achievements are falling – what do we know?" Magnus Henrekson participated via link from Värnamo where the IFN board was visiting a number of…

  • Assar Lindbeck awarded 2017 Global Economy Prize


    Assar Lindbeck, IFN and Stockholm University, has been awarded the Global Economy Prize 2017. The prize is awarded by the Kiel Institute for the World Economy. The Prize Committee consists mostly of former winners of the Global Economy Prize, of which the majority have also been awarded the Nobel Prize. The Global Economy Prize highlights the achievements of "those who view globalization as…

  • True stock options needed!


    Professor Saras D. Sarasvathy, University of Virginia, held this year's Swedish, Schumpeter Lecture on the subject  "Two Decades of effectuation Research: Implications for Entrepreneurship and Economic Development Policy". Professor Magnus Henrekson, IFN commented. "We should prepare people in Sweden better for the kind of entrepreneurship that professor Sarasvathy is…

  • Yves Zenou new Fellow of the Econometric Society


    Professor Yves Zenou, affiliated to IFN and at Monash University, Melbourne, Australia, has been elected Fellow of the Econometric Society. Since previously Assar Lindbeck, IFN and Stockholm University, is a Fellow. The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. The organization publishes three scientific…

  • Why opinion polls doesn't say it all


    Why didn’t the polls predict Donald Trump's election victory? Richard Öhrvall, IFN and Linköping University, was interviewed in a number of papers answering this question. To Dagens Nyheter he explained that focus of the US election has been on analysis of combinations of opinion polls, rather than individual polls. The incentive to make reliable but more expensive opinion…

  • Focus on education


    Many IFN researchers have a great interest in education policy. Recently a study by Professor Magnus Henrekson, IFN, and Ph.D. student Sebastian Jävervall was showing that Swedish "school results are dropping for both the best and the worst students." The study was cited by a number of editorial writers, including Expressen, Svenska Dagbladet and Sydsvenskan. Henrik Jordahl, IFN, is…

  • Discussions on corporate governance


    Mats Isaksson, head of the corporate affairs division at the Organisation for Economic Co-operation and Development (OECD), visited on Thursday IFN for a presentation of the organization. The questions were many posed by the attending researchers, concerning everything from recommendations made by the OECD and a firm's power of innovation to the allocation of responsibility in a business as…

  • Smart education facilitates automation and digitalization


    What can we learn from the research on automation and digitalization? This question was answered at a seminar organized by IFN on Monday. Keynote speaker was Professor Melanie Arntz, ZEW in Mannheim and Heidelberg University. She has studied the effects of automation on labor markets in the OECD. Arntz explained that the discussion is often too doom-laden. From IFN Professor Lars Persson and Ph.D.…

  • IFN researchers at SvD Financial Forum


    Three IFN researchers participated in SvD Financial Forum in Stockholm, November 30. Lars Calmfors introduced a section on Migration and economic growth. He explained that a survey of AER shows that employers would hire for low-level jobs if the pay were substantially lower than the current minimum wage – maybe SEK 14–15000. Following the presentation by Calmfors Andreas Bergh,…

  • Pisa study: "We can't be satisfied with a minor improvement"


    "My guess is that we will see a slight improvement in the Swedish results," says Professor Magnus Henrekson in an interview in today's Dagens Samhälle with regard to the Pisa study, which will be presented on Tuesday. Should this be the case, he says, we still can not rest on our laurels. "We really can not be satisfied with a minor improvement." He sums up negative…

  • Cooperation between research and business


    Mats Hilding, Managing Director Axelent, visited IFN on Tuesday to present his firm, its expansion and challenges. All in a vivid dialogue with researchers. He explained how Axelent, which manufactures protective equipment for e.g. industrial robots, has grown and now has subsidiaries in 10 countries. Mats Hilding told how the structure of categories of employees has changed over the years.…

  • "Ever more jobs can be learned on the job"


    Without entrepreneurship and leadership Sweden can not evolve, explained Professor Magnus Henrekson, IFN, at a seminar organized by the trade organization Almega. "People must acquire the right skills. But generally speaking, we tend yo have to much confidence in formal education." He explained that people with motivation, persistence and capacity are needed to work with the structures.…

  • Podcast: Research for the benefit of our everyday lives


    Ola Andersson’s research is about risk taking, and also about automated school choice. He talks about both of these fields in a new podcast and also about a new research project that will be launched next year. "We can to place 8500 students in a minute" he says of automated school choice. Which is a substantiel reducion in time – so far it has taken several months. In…

  • Film about effects of privatization


    Erik Lundin, researchers at IFN, has studied what transpired when parts of the Swedish electricity distribution sector was privatized. He explains in a short film how economies of scale resulted in: "The acquired networks increased labor efficiency by on average 18 percent, while no effect is found on the price." Since the purchases included several neighboring power grids, previously…

  • Buchanan's thoughts on politics and power


    30 years after James Buchanan was awarded the Nobel Prize in Economic Sciences Niclas Berggren, IFN, and Karin Svanborg-Sjövall, Timbro, discussed the legacy of Buchanan in a podcast turned into a stage talk. One of the issues discussed was the legal policy framework needed, in the event that a politician is driven by self-interest. Donald Trump was mentioned. Niclas Berggren explained that…

  • Happy Holidays!


    IFN researchers write opinion pieces, including columns, based on research. In 2016, about 80 such articles were published, mainly in Swedish media, on topics including school, integration of immigrants and the labor market. The researchers also wrote about stock options for employees, health care, currency wars etcetera. If you have a quiet moment during the holidays, we encourage you to…

  • Publication of recent research


    IFN's research results are published in different channels. All research is first presented in a working paper. In 2016 some 40 such papers were published at IFN. The next step is publication in a peer reviewed scientific journal. The topics of the most recent articles accepted for publication in such journals range from the attraction of consumption to social networks and the gap in the…

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