This paper offers new insights on the intertemporal elasticity of substitution (i.e.s.) both a theoretical and an empirical level. I fi rst show that within a standard life cycle model of labor supply featuring human capital accumulation, the i.e.s. is a state-dependent variable which strongly depends on the return to human capital accumulation. I identify two important sources of heterogeneity w.r.t. return to human capital accumulation: age and education. Second, I argue that the average i.e.s. is low and comparable with micro estimates, even in the presence of human capital. Estimating the life cycle model for two different education groups; workers with and without a college degree, I find that the average i.e.s. in the sample is 0.34. However, the average i.e.s. hide important heterogeneity: for college graduates the i.e.s. more than doubles over the life cycle, whereas it increases by about 66 percent for non-college graduates. Moreover, young non-college graduates have 35 percent higher i.e.s. than young college graduates. Finally, I fi nd that the welfare costs of permanent tax changes are much lower than previously found in models with human capital.
Ian Manners from the University of Copenhagen will present the paper 'European Communion in Global Politics'.
Nicolas Jabko from the John Hopkins University will present the paper 'A crisis of EU institutions and the weakness of economic governance'.
Investigating the Plurality and Order of Times Across Histories, Cultures, Technologies, Materialities and Media.
How may scholars from the social sciences and humanities get beyond the political and the cultural and better grasp the nature objects themselves? How may we study oil and water without experiencing it slipping through our fingers?
Johannes Hörner from Yale presents his paper "Supervised social learning".
Theory of institutional change is presently a central topic in the international debate on sociological theory. The project Institutional Change in Democratic Society, funded by the Norwegian Research Council, links up to this debate. A brief presentation of the project is given below.
In the years 2013 to 2015 the project will be hosting three conferences, of which this is the first one. The 2013 conference on Institutional Change in Welfare State and Working Life is located in Åsgårdstrand, a charming village one hours’ drive south of Oslo.
Kevin J. Lansing from FRB San Fransisco and Norges Bank presents his paper "Top Incomes, Rising Inequality, and Welfare".
This conference will serve as a creative, innovative and inspirational gathering that catalyzes new insights on transformation processes and the implications for research, policy and practice.
The aim of this conference is to bring together diverse perpectives on transformation, and to generate cutting-edge discussions on deliberate, ethical and sustainable transformation in response to the complex global challenges associated with climate change.
ThReD - Theoretical Research in Development Economics, hosts their yearly conference in Oslo in 2013 in association with ESOP.
Francesco Squintani from Warwick University presents "On Good Leaders and Their Associates"
Joint work with Torun Dewan.
Main economics seminar.
Ram Fishman, George Washington University, presents "Water depletion, adaptation and migration: evidence from India".
M.Phil. Ingrid Bjartveit Krüger at the Department of Economics will defend her dissertation for the Ph.D. degree: "What's Oil Got to Do With It? - Essays on the Political Economy of Resource Rich Countries."
"More people are much more connected than ever before in history. There are more of us, and each of us has more links to the outside world than our predecessors. As a result, for the first time in history, a truly comparative global anthropology has been made possible"
Årets gjesteforeleser: Jeffrey Alexander
Tema: "Struggling over the Mode of Incorporation: The Backlash against Multiculturalism in Europe".
Fra 1991 har Institutt for samfunnsforskning (ISF) og Institutt for sosiologi og samfunnsgeografi ved Universitetet i Oslo, årlig invitert en internasjonalt kjent og fremstående sosiolog til å holde Vilhelm Aubert Minneforelesning.
Se Auberts minneforelesning nettsider for mer informasjon