Joakim Jansson and Björn Tyrefors
In this paper, we first present novel evidence of grading bias against women at the university level. This is in contrast to previous results at the secondary education level. Contrary to the gender composition at lower levels of education in Sweden, the…
Christian Bjørnskov, Andreas Freytag and Jerg Gutmann
This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and autocracies may have…
Shon Ferguson and Magnus Henrekson
Policymakers in several countries have recently taken steps to promote the rapid export expansion of high-tech small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often…
Martin Fischer, Martin Karlsson, Therese Nilsson and Nina Schwarz
We evaluate the impact on earnings, pensions, and further labor market outcomes of two parallel educational reforms increasing instructional time in Swedish primary school. The reforms extended the annual term length and compulsory schooling by comparable…
Niklas Elert and Magnus Henrekson
We argue that scholars in the Austrian tradition of economics should incorporate the notion of a collaborative innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an innovation bloc of…
W. Mark Brown, Shon Ferguson and Crina Viju
Using detailed census data covering over 40,000 farms in Alberta, Saskatchewan and Manitoba, Canada, we document the vast and increasing farm size heterogeneity, and analyze the role of farm size in adapting to the removal of an export subsidy in…
Erik Lindqvist, Robert Östling and David Cesarini
We surveyed a large sample of Swedish lottery players about their psychological well-being and analyzed the data following pre-registered procedures. Relative to matched controls, large-prize winners experience sustained increases in overall life…
Louise Johannesson
The dispute settlement mechanism (DSM) is today the most active dispute resolution forum in the world. However, its success has also led to increased processing time of disputes, which, in turn, increases the cost of using the World Trade Organization…
Lars Persson and Thomas Seiler
We provide empirical evidence that uncertainty (rather than risk) and optimism are distinctive characteristics of high-impact entrepreneurial firms (recently listed firms) relative to old, incumbent firms. Based on this evidence, we construct an…
Jonas Vlachos
In Sweden, a trust-based system of school performance evaluation meets a market-oriented school system with liberal entry conditions for voucher-funded private providers. National standardized tests are graded at the local school and what ultimately…
Michael Anyadike-Danes, Carl Magnus Bjuggren, Michel Dumont, Sandra Gottschalk, Werner Hölzl, Dan Johansson, Mika Maliranta, Anja Myrann, Kristian Nielsen and Guanyu Zheng
The basic principle governing the development of the accounting framework is the choice of appropriate comparators. Firstly, when measuring contributions to job creation, we should focus on just job creating firms, otherwise we are summing over…
Mathias Ekström
The current study provides the first experimental test of the compromise effect, i.e. the tendency to choose middle options, in a naturally occurring setting. Simultaneously, I propose and evaluate a novel nudge intended to stimulate active…
Björn Bartling, Alexander W. Cappelen, Mathias Ekström, Erik Ø. Sørensen and Bertil Tungodden
The paper reports the first experimental study on people’s fairness views on extreme income inequalities arising from winner-take-all reward structures.
We find that the majority of participants consider extreme income inequality generated in…
Mats A. Bergman, Henrik Jordahl and Sofia Lundberg
We study a reform by which a standardized model of choice and competition was introduced in tax-financed home care in a majority of Swedish municipalities. The market for home care is of particular interest since it is close to the ideal quasi-market. For…
Henrik Jordahl and Lovisa Persson
We measure labor productivity in home care using new data from the recent introduction of digital time measurement in Swedish municipalities. By measuring worker utilization (delivered hours as a share of worked hours) we avoid several problems that have…
Mohammad Reza Hesamzadeh, Pär Holmberg and Mahir Sarfati
Zonal pricing with countertrading (a market-based redispatch) gives arbitrage opportunities to the power producers located in the export-constrained nodes. They can increase their profit by increasing the output in the dayahead market and decrease it in…
Shon Ferguson, Magnus Henrekson and Louise Johannesson
Policymakers in several countries have recently taken steps to promote the rapid export expansion of small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often referred to…
Keith Ruddell
Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the cost of production.
I model a transmission network with a single line. I derive optimality conditions for supply functions for…
Keith Ruddell
Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The market admits…
Wolfgang Gick and Alex Weissensteiner
Earning forecasts disclosed by financial analysts are known to be overly optimistic. Since an investor relies on their expertise, the question arises whether he would take analyst recommendations at face value or instead structure consultation with…
Niclas Berggren, Andreas Bergh, Christian Bjørnskov and Shiori Tanaka
This paper asks to what extent life satisfaction among immigrants remains similar to that in their country of origin and to what extent it adapts to that in their country of residence. We employ data from 29,000 immigrants in the European Social Survey to…
Andreas Bergh and Philipp C. Wichardt
This paper reports results from a classroom dictator game comparing the effects of three different sets of standard instructions. As was shown by Oxoby
and Spraggon (2008), inducing a feeling of entitlement – one subject earning the endowment…
Per Skedinger
In Sweden, as in many other countries, marginal groups tend to be overrepresented in non-standard employment. A decomposition of the employment rate of full-time workers on permanent contracts reveals that non-standard employment contributes to a…
Claire Economidou, Luca Grilli, Magnus Henrekson and Mark Sanders
In this paper, we introduce a special issue of Small Business Economics on Financial and Institutional Reforms for an Entrepreneurial Society in Europe.
There are many reasons for Europe to want to make the transition to a more entrepreneurial society.…
Selin Dilli, Niklas Elert and Andrea M. Herrmann
While entrepreneurship researchers agree that institutions ‘matter’ for entrepreneurship, they also have a rather encompassing understanding of institutions as almost any external factor that influences entrepreneurship.
Ultimately, this…
Martin Olsson and Joacim Tåg
The world is in the midst of a new wave of privatization, with record dollar amounts raised in both developed and developing countries.
Using rich Swedish registry data covering two decades from the mid-1990s, we show that privatizations increased…
Carl Magnus Bjuggren and Magnus Henrekson
This paper investigates career choices of women who marry high-income men. We find that women married to men in the top of the income distribution are more likely to enter self-employment, which is also associated with a lower income. This can be…
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 mergerstable industry. This can help antitrust authorities…
Marco Di Maggio, Amir Kermani and Kaveh Majlesi
This paper employs Swedish data containing security level information on households' stock holdings to investigate how consumption responds to changes in stock market returns.
We exploit households’ portfolio weights in previous years as an…
Niclas Berggren and Christian Bjørnskov
Since the early 1980s a wave of liberalizing reforms has swept over the world. While the stated motivation for these reforms has usually been to increase economic efficiency, some critics have instead inferred ulterior motives and a desire to enrich…
Emanuele Colonnelli, Joacim Tåg, Michael Webb and Stefanie Wolter
We provide stylized facts on the existence and dynamics over time of the large firm wage premium for four countries. We examine matched employer-employee micro-data from Brazil, Germany, Sweden, and the UK, and find that the large firm premium exists in…