Published articles in English 2018

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Economic Journal

Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations

Adrian Adermon, Mikael Lindahl and Daniel Waldenström

This study estimates intergenerational wealth correlations across up to four generations and examines the degree to which the wealth association between parents and children can be explained by inheritances. Using a Swedish data set with newly hand‐collected data on…

International Review of Entrepreneurship

Schumpeterian Entrepreneurship in Europe Compared to Other Industrialized Regions

Magnus Henrekson and Tino Sanandaji

Cross-country comparisons of entrepreneurship are difficult due to the lack of standard empirical definitions of entrepreneurship. Measures focusing on small business activity and self-employment suggest that Europe has the same or higher rates of entrepreneurship…

Games and Economic Behavior

Price Competition in Product Variety Networks

Philip Ushchev and Yves Zenou

We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substitutability (edges). We also locate consumers into this network, so that the location of each consumer (node)…

Trust in the EU at Challenging Times: Interdisciplinary European Studies

Is Migration Threatening Social Trust in Europe?

Andreas Bergh

Bergh considers the relationship between migration and interpersonal trust in the European Union. Interpersonal trust, Bergh avers, is an important foundation for a well-functioning society. The question is how interpersonal trust is affected by increased migration…

Energy Journal

Cross-Border Exchange and Sharing of Generation Reserve Capacity

Fridrik M. Baldursson, Ewa Lazarczyk, Marten Ovaere and Stef Proost

This paper develops a stylized model of cross-border balancing. We distinguish three degrees of cooperation: autarky, reserves exchange and reserves sharing. The model shows that TSO cooperation reduces costs. The gains of cooperation increase with cost asymmetry and…

Tijdschrift voor Economische en Sociale Geografie

Who Works Longer—and Why? Regional and Individual Characteristics in the Timing of Retirement

Johan Klaesson, Esteban Ochoa Lopez and Özge Öner

Labour Economics

Education and Criminal Behavior: Insights from an Expansion of Upper Secondary School

Olof Åslund, Hans Grönqvist, Caroline Hall and Jonas Vlachos

We study the impact on long and short run criminal behavior from a large scale Swedish reform of vocational upper secondary education, extending programs and adding more general theoretical content. The reform directly concerns age groups where criminal activity is…

Journal of Regional Science

Human Capital Sorting: The "When" and "Who" of the Sorting of Educated Workers to Urban Regions

Lina Ahlin, Martin Andersson and Per Thulin

The sorting of high‐ability workers is often advanced as one source of spatial disparities in economic outcomes. There are still few papers that analyze when human capital sorting occurs and whom it involves. Using data on 16 cohorts of university graduates in…

AEA Papers and Proceedings

A Cross-Country Comparison of Dynamics in the Large Firm Wage Premium

Emanuele Colonnelli, Joacim Tåg, Michael Webb and Stefanie Wolter

Journal of Happiness Studies

Do Equal Rights for a Minority Affect General Life Satisfaction?

Niclas Berggren, Christian Bjørnskov and Therese Nilsson

While previous research examines how institutions matter for general life satisfaction and how specific institutions embodying equal rights for gay people matter for the life satisfaction of gays, we combine these two issues to analyze how the latter type of…

Journal of Evolutionary Economics

When is Your Experience Valuable? Occupation-Industry Transitions and Self-Employment Success

Sierdjan Koster and Martin Andersson

The literature on employee spinoffs has, for a long time, stressed the importance of industry-specific skills and experiences in explaining the success of new firms. We argue that employees also develop skills that are associated with their occupation within an…

Journal of Economic Theory

Cultural Leader and the Dynamics of Assimilation

Thierry Verdier and Yves Zenou

This paper studies the population dynamics of cultural traits in a model of intergenerational cultural transmission with a perfectly-forward looking cultural leader. We show that there exists a threshold size in terms of population above which the cultural leader…

Journal of Urban Economics

Urban Spatial Structure, Employment and Social Ties

Pierre M. Picard and Yves Zenou

Consider a model where workers from the majority and the minority group choose both their residential location (geographical space) and the intensity of their social interactions (social space). We demonstrate under which condition one group resides close to the job…

International Economic Review

Entry Regulations, Welfare and Determinants of Market Structure

Florin Maican and Matilda Orth

Welfare effects of entry regulations are theoretically ambiguous in differentiated product markets. We use a dynamic oligopoly model of entry and exit with store‐type differentiation and static price setting to evaluate how entry regulations affect long‐run…

Energy Economics

Equilibrium Supply Security in a Multinational Electricity Market with Renewable Production

Thomas Tangerås

The European Union: Facing the Challenge of Multiple Security Threats

The Threats Against Innovation-Based Growth in the EU

Roger Svensson

The European Union: Facing the Challenge of Multiple Security Threats

The EU and the Growing Number of Complex security Threats

Antonina Bakardjieva Engelbrekt, Anna Michalski, Niklas Nilsson and Lars Oxelheim

Economics Letters

Market Power and Forward Prices

Keith Ruddell, Anthony Downward and Andy Philpott

Our model of strategic behavior in sequential markets exhibits a persistent forward price premium. This premium is not susceptible to arbitrage by speculators on the forward market, since purchasers prefer forward contracts backed by producers with market…

American Economic Review

Family Ruptures, Stress, and the Mental Health of the Next Generation: Reply

Petra Persson and Maya Rossin-Slater

Persson and Rossin-Slater (2018) find that prenatal exposure to family ruptures affects childhood and adult mental health, as well as infant physical health. We compare children whose relatives die within 280 days post-conception to children whose relatives die in…

Behavioural Public Policy

Attention Manipulation and Information Overload

Petra Persson

Limits on consumer attention give firms incentives to manipulate prospective buyers’ allocation of attention. This paper models such attention manipulation and shows that it limits the ability of disclosure regulation to improve consumer welfare. Competitive…

American Economic Review

Family Ruptures, Stress, and the Mental Health of the Next Generation

Petra Persson and Maya Rossin-Slater

This paper studies how in utero exposure to maternal stress from family ruptures affects later mental health. We find that prenatal exposure to the death of a maternal relative increases take-up of ADHD medications during childhood and anti-anxiety and depression…

Journal of Economic Theory

Price Instability in Multi-Unit Auctions

Edward Anderson and Pär Holmberg

We consider a uniform-price procurement auction with indivisible units and private independent costs. We find an explicit solution for a Bayesian Nash equilibrium, which is unique if demand shocks are sufficiently evenly distributed. The equilibrium has a price…

Journal of Rural Studies

Rural to Urban Long-Distance Commuting in Sweden: Trends, Characteristics and Pathways

Martin Andersson, Niclas Lavesson and Thomas Niedomysl

The rise of ICT and the shift toward jobs with more flexibility in working hours and places of work sparked popular debates about potential for a ‘rural renaissance’. A key argument was that there are increasing possibilities to live in the countryside…

Labour Economics

Seniority Rules, Worker Mobility and Wages: Evidence from Multi-Country Linked Employer-Employee Data

Petri Böckerman, Per Skedinger and Roope Uusitalo

We construct multi-country employer-employee data to examine the consequences of last-in, first-out rules. We identify the effects by comparing worker exit rates between different units of the same firms operating in Sweden and Finland, two countries that have…

Bridging the Prosperity Gap in the EU: The Social Challenge Ahead

Analysing the Prosperity Gap: The Economic, Legal, and Political Challenges Facing the EU

Ulf Bernitz, Moa Mårtensson, Lars Oxelheim and Thomas Persson

In this chapter we describe the EUs social dimension and its development aimed at an understanding of the prosperity gap in the EU. We identify the new social challenges the Union faces in the wake of the three ongoing intertwined developments: the financial and…

Journal of Applied Econometrics

Multivariate Choice and Identification of Social Interactions

Ethan Cohen-Cole, Xiaodong Liu and Yves Zenou

This paper considers the identification of social interaction effects in the context of multivariate choices. First, we generalize the theoretical social interaction model to allow individuals to make interdependent choices in different activities. Based on the…

Bridging the Prosperity Gap in the EU: The Social Challenge Ahead

The Role of Trust in Explaining Health and Wealth Gaps in the EU

Martin Ljunge

In this chapter I highlight how new research can provide answers to how gaps in health and wealth can be reduced. The focus is on an approach that can identify the causal direction of the connections between trust, health, and prosperity. I find clear evidence that…


Does Financial Deregulation Boost Top Incomes? Evidence from the Big Bang

Julia Tanndal and Daniel Waldenström

We estimate the impact of financial market deregulation on top income shares. Using the novel synthetic control method to investigate the two ‘Big Bangs’ of financial deregulation, the UK in 1986 and Japan in 1997–9, we find that pre-tax top income…

Antitrust Chronicle

Private Equity Buyouts: Anti- or Pro-Competitive?

Pehr-Johan Norbäck, Lars Persson and Joacim Tåg

Private equity firms (“PE firms”) have become common as owners of established firms in concentrated markets. We discuss the antitrust implications of an active PE market and whether there are any special characteristics of PE ownership that are important…

Economics of Energy & Environmental Policy

Energy System Transition in the Nordic Market: Challenges for Transmission Regulation and Governance

Anna Grigoryeva, Mohammad R. Hesamzadeh and Thomas Tangerås

The energy system in the Nordic countries faces changes driven by increasing integration with the rest of Europe and changes to the generation mix. These developments pose challenges with respect to future network development and operation. We focus on three major…

Economics Letters

Who Creates Jobs and Who Creates Productivity? Small versus Large versus Young versus Old

Fredrik Heyman, Pehr-Johan Norbäck and Lars Persson

We propose a new method to analyze employment and productivity dynamics in a consistent way. Using Swedish data we find that net jobs were mainly created in young, small firms and productivity gains were mainly created in large old firms.

Economics Letters

Threatening to Buy: Private Equity Buyouts and Antitrust Policy

Pehr-Johan Norbäck, Lars Persson and Joacim Tåg

Private equity firms (PE firms) have become common owners of established firms in concentrated markets. We show that the threat of a PE acquisition can trigger incumbent mergers in an otherwise merger-stable industry. This can help antitrust authorities maximize…

International Review of Economics & Finance

Does the Debt Tax Shield Distort Ownership Efficiency?

Pehr-Johan Norbäck, Lars Persson and Joacim Tåg

The tax laws of most developed countries are debt biased since firms can deduct interest on debt but not on equity. This bias is known to distort investment decisions. However, less is known about how the debt tax shield affects the ownership of assets when bidders…

World Economy

Do Swedish Multinationals Pay Less in Taxes than Domestic Firms?

Åsa Hansson, Karin Olofsdotter and Susanna Thede

In recent years, there has been growing concern that multinational enterprises (MNEs) engage in strategic tax planning in order to shift profits to low-tax jurisdictions. This common perception is generally confirmed by empirical evidence, which is foremost provided…

Journal of Behavioral and Experimental Economics

Accounting for Context: Separating Monetary and (Uncertain) Social Incentives

Andreas Bergh and Philipp C. Wichardt

This paper proposes a simple framework to model social preferences in a way that explicitly separates economic incentives from social (context) effects and allows for uncertainty also about the latter. Moreover, it allows non-economic cost associated with the…

Journal of World Business

The Institutional Determinants of Private Equity Involvement in Business Groups – The Case of Africa

Bruce Hearn, Lars Oxelheim and Trond Randøy

This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We…

Economics & Human Biology

The ‘Healthy Worker Effect’: Do Healthy People Climb the Occupational Ladder?

Joan Costa Font and Martin Ljunge

The association between occupational status and health has been taken to reveal the presence of occupational health inequalities. However, that interpretation assumes no influence of health status in climbing the occupational ladder. This paper documents evidence of…

Journal of Public Economics

Employment Protection and Labor Productivity

Carl Magnus Bjuggren

Current theoretical predictions of how employment protection affects firm productivity are ambiguous. In this paper, I study the effect of employment protection rules on labor productivity using Swedish register data. A reform of employment protection rules in 2001…

Economics of Education Review

Smart but Unhappy: Independent-school Competition and the Wellbeing-efficiency Trade-off in Education

Gabriel Heller Sahlgren

We study whether independent-school competition involves a trade-off between pupil wellbeing and academic performance. To test this hypothesis, we analyse data covering pupils across the OECD, exploiting historical Catholic opposition to state schooling for exogenous…

Industrial and Corporate Change

Resilience in the European Union: The Effect of the 2008 Crisis on the Ability of Regions in Europe to Develop New Industrial Specializations

Jing Xiao, Ron Boschma and Martin Andersson

This article adopts an evolutionary framework to the study of industrial resilience. We present a study on European regions and assess the extent to which the capacity of their economies to develop new industrial specializations is affected by the global economic…

Primary Health Care Research & Development

Process Measures or Patient Reported Experience Measures (PREMs) for Comparing Performance Across Providers? A Study of Measures Related to Access and Continuity in Swedish Primary Care

Anna Häger Glenngård and Anders Anell

To study (a) the covariation between patient reported experience measures (PREMs) and registered process measures of access and continuity when ranking providers in a primary care setting, and (b) whether registered process measures or PREMs provided more or less…

Mathematical Social Sciences

Robustness to Strategic Uncertainty in the Nash Demand Game

Ola Andersson, Cédric Argenton and Jörgen W. Weibull

This paper studies the role of strategic uncertainty in the Nash demand game. A player’s uncertainty about another player’s strategy is modeled as an atomless probability distribution over that player’s strategy set. A strategy profile is robust to…

Venture Capital

Stock Option Taxation and Venture Capital Activity: A Cross-Country Study

Magnus Henrekson and Tino Sanandaji

The VC sector is interesting both in its own right and as a proxy for entrepreneurial finance more broadly. We highlight the tax treatment of stock options as an important factor for variations in the size of the VC sector. VC often relies on option-based contracts…

Interdisciplinary European Studies

Trust in the European Union in Challenging Times


This is the first book in the Interdisciplinary European Studies collection. This volume provides an interdisciplinary perspective on trust in the EU from the vantage point of political science, law and economics. Lars Oxelheim, Lund University and affiliated to IFN, is one of the authors.


Seminars organized by IFN


To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

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