Working Papers 2019

All new research is first presented in a Working Paper (WP) where the target audience is primarily other researchers. All WP’s from recent years are written in English. Since 2006, a Swedish summary has also been included. A WP usually contains research that has progressed enough to be ready to be submitted to a scientific journal for review and potential publication.

1267. Stock Market Impact of Cross-Border Acquisitions in Emerging Markets

Pehr-Johan Norbäck and Lars Persson

Entry by multinational enterprises (MNEs) into emerging markets has increased substantially over the last decades. Many of these MNE entries have taken place in concentrated markets. To capture these features, we construct a strategic interaction model of…

1266. Political Hedgehogs: The Geographical Sorting of Refugees in Sweden

Johan Wennström and Özge Öner

This study shows that in Sweden, contrary to other European countries, refugees have been disproportionately placed in peripheral and rural areas with high unemployment and rapid native depopulation where the prospects for integration, both socially and…

1265. The Refugee Crisis and the Reinvigoration of the Nation State: Does the European Union Have a Common Refugee Policy?

Magnus Henrekson, Özge Öner and Tino Sanandaji

The European Union officially proclaims to have a common refugee policy. However, the common treaties leave a great deal of discretion to the individual member countries, which allows them to regulate refugee migration while still upholding international…

1264. Production Efficiency of Nodal and Zonal Pricing in Imperfectly Competitive Electricity Markets

Mahir Sarfati, Mohammad Reza Hesamzadeh and Pär Holmberg

Electricity markets employ different congestion management methods to handle the limited transmission capacity of the power system. This paper compares production efficiency and other aspects of nodal and zonal pricing. We consider two types of zonal…

1263. Gender Grading Bias in Junior High School Mathematics

Petter Berg, Ola Palmgren and Björn Tyrefors

Admission to high school in Sweden is based on the final grades from junior high. This paper compares students’ final mathematics grade with new data from a high school introductory test score in mathematics. Both the grades and the test are based…

1262. The Housing Wealth Effect: Quasi-Experimental Evidence

Dany Kessel, Björn Tyrefors and Roine Vestman

We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an immediate shock of approximately ‒15% to house prices close to one of Stockholm's airports after its operations were unexpectedly…

1261. Determinants of International Consumption Risk Sharing in Developing Countries

Malin Gardberg

Complete financial markets allow countries to share their consumption risks internationally, thereby creating welfare gains through lower volatility of aggregate consumption. This paper empirically looks at international consumption risk sharing and its…

1260. Salience of Inherited Wealth and the Support for Inheritance Taxation

Spencer Bastani and Daniel Waldenström

We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in society. Using a randomized experiment in a register-linked Swedish survey, we find that informing individuals about the large aggregate…

Elgar Companion to

Social Capital and Health

Martin Ljunge okt 2018.jpg

Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

About the book


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.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 |