Publications

We provide plausibly identified evidence for the role of investor disagreement in asset pricing. Our natural experiment exploits the staggered implementation of the Electronic Data Gathering, Analysis…

Wage employment is the most commonly observed type of employment after a spell of entrepreneurship. The purpose of this paper is to investigate the effects of having been an entrepreneur on earnings a…

We study the effects of patent scope and review times on startups and externalities on their rivals. We leverage the quasi-random assignment of U.S. patent applications to examiners and find that gran…

This paper studies the effect of emigration on technological change in sending lo- cations after one of the largest migration events in human history, the mass migration from Europe to the United Stat…

An increasing number of researchers, whether in Sweden, Slovakia, Italy, Japan, Brazil, or many other places, are using English in their discourse, written or oral, despite working in a place where th…

An increasing number of researchers, whether in Sweden, Slovakia, Italy, Japan, Brazil, or many other places, are using English in their discourse, written or oral, despite working in a place where th…

Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the e…

Amidst considerable debate on the relationship between entrepreneurship and economic inequality, scholarship only indirectly addresses how entrepreneurship informs individuals’ relative well-being. We…

Economic theory predicts that outsourcing public services to private firms reduces costs, but the effect on quality is ambiguous. We explore quality differences between publicly and privately owned am…

In 2014, the Swedish government introduced a specific kind of R&D tax relief, reducing firms’ payroll tax liability for R&D staff. In comparison to traditional tax incentives where all qualifi…

We present estimates of the number of refugees expected to flee Ukraine and to which countries they are expected to migrate based on migration preferences data from the Gallup World Poll. This is impo…

Chinese investment abroad has grown significantly in connection with the Belt and Road Initiative. This article tries to answer two questions: first, what considerations gave birth to the BRI? And sec…

The European Commission’s Directive on minimum wages aims to ensure an adequate minimum wage for all workers in the Union and thereby counteract poverty among the low paid. This article examines the u…

Researchers increasingly recognize that entrepreneurial employees, intrapreneurs, play a critical role in innovation. As with regular entrepreneurship, however, the value of intrapreneurial activity d…

In the late 1990s, Sweden had a uniquely well-functioning electricity system. It was virtually 100 per cent fossil-free, reliable, and cost-efficient. What went wrong?

In this paper, we study the link between globalization of firms and gender inequality. Specifically, we examine how the need for interpersonal contacts in trade and gender-specific differences in nego…

We use rich data on all business, economics, and engineering graduates in Sweden to study the lack of women among CEOs. A comprehensive battery of graduates’ characteristics explains 40% of the gender…

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 f…

Agroecology has been proposed as a strategy to improve food system sustainability, but has also been criticised for using land inefficiently. We compared five explorative storylines, developed in a st…

Much political conflict in the world revolves around the issue of how much freedom to accord people. Liberal democracies are characterized by, e.g., the rule of law and a strong protection of civil ri…

We estimate a substantial female grade gain when being graded anonymously compared to male students in 101-macroeconomics courses. Females graded anonymously are more likely to continue with economics…

Leaf-thin bracteate coins were minted for several hundred years during the Mid[1]dle Ages. The existence of hundreds of small independent currency areas with their own mints in central, eastern and no…

Differentiating various types of entrepreneurs provides clues to the puzzle of why top-down policies often fail to create Schumpeterian entrepreneurship and the ecosystems where it thrives. Schumpeter…

The revealed preference approach in economics is central to the empirical analysis of consumer behavior. This paper introduces the Stata commands checkax, aei, and powerps as a bundle within the packa…

We study the mental health of PhD students in Sweden using comprehensive administrative data on prescriptions, specialist care visits, hospitalizations, and causes of death. We find that about 7% (5%)…

Certain markets are illicit because part of the supply is coerced, but little is known about the optimal regulation of such markets. We model a prostitution market with voluntary and coerced prostitut…

Entrepreneurship research has documented the importance of institutions but has not considered it as a multi-stage process. We therefore consider both nascent and realized entrepreneurship, finding th…

The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness…

I evaluate the effect of the 2011 Swedish electricity market splitting reform on the allocation of wind power, exploiting a unique data set of all Swedish applications for wind power since 2003. By co…

William J. Baumol was one of the most prolific economists of his generation, analyzing a broad range of central economic issues addressing real problems of the world. In this essay, we present and cri…

The COVID-19 pandemic has not only caused millions to die and even more to lose their jobs, it has also prompted more governments to simultaneously declare a state of emergency than ever before enabli…

The association between social trust and economic growth is well-documented but how it works remains an open theoretical and empirical question. The paper uses growth accounting to break down sources…

Some of the most contested questions in political science and political economy revolve around the conditions under which democratization is likely to happen and when democracy becomes a stable instit…

This study presents an improvement of the King-Fullerton framework for calculating the marginal effective tax rate (METR) for active owners of closely held corporations in a dual income tax system wit…

In the context of Sweden, we show that having a doctor in the family raises preventive health investments throughout the lifecycle, improves physical health, and prolongs life. Two quasi-experimental…

In this paper, we study foreign ownership as a vehicle for transferring gender norms across international borders. Specifically, we analyze how the wage differential between men and women in Swedish f…

We revisit a Swedish comprehensive school reform first evaluated by Meghir and Palme (2005). This reform increased years of schooling and abolished tracking. We extend the original analysis to the ful…

Correct estimates of import demand elasticities are essential for measuring the gains from trade and predicting the impact of trade policies. We show that estimates of import demand elasticities hinge…

It is well-known that men and women differ in their views regarding the severity of climate change, but do they also differ in their support for climate policy and in undertaking climate action in the…

This essay argues that the most crucial institution of any school system is the embraced view of knowledge—from which virtually all other aspects of a school are derived: the content of its curricula,…

How does people’s ability influence their taxpaying behavior? This column links administrative tax and military enlistment registers in Sweden to measure how cognitive ability matters for income tax r…

We examine if international trade improves labor market integration of immigrants in Sweden. Immigrants participate substantially less than natives in the labor market. However, trading with a foreign…

This paper reports the results of a choice experiment designed to estimate the private welfare costs of stay-at-home policies during the COVID-19 pandemic. The study is conducted on a large and repres…

On the question of economic justice, political debate tends to swing between two poles. The Left wants to reduce economic differences based on the notion of distributive justice, while the Right empha…

We investigate the effect of technology adoption on competition by leveraging aunique dataset on production, costs, and asset characteristics for North Sea upstream oil & gas companies. Relying on…

Consequences of social trust are comparatively well studied, while its societal determinants are often subject to debate. This paper studies both in the context of Catalan attempts to secede from Spai…

We examined customer and worker discrimination against gay and lesbian business owners using a web-based experiment conducted at a Swedish university campus. Participants (N = 1,406) were presented wi…

Little is known about self-employment as a career choice for women who marry a highincome spouse. We show that Swedish women who are married to a high-income spouse are, on average, highly educated an…

While the debate over academic freedom has mostly focused on cultural issues, a new study investigates whether freedom of academic inquiry is also important for the economy. The results indicate that…

Immigrant integration is key to realizing the potential of international migration in economic development. However, integration is often thought to be hampered by immigrants' limited social networks…

The mixed-demand model allows for very flexible specification of what should be considered endogenous and exogenous in demand system estimation. This paper introduces a revealed preference framework t…

This chapter introduces the theme of the book—resilience in the EU. It presents definitions for these concepts and explores what the challenges of societal resilience entail for the EU. It is argued t…

In the wake of the Covid-19 crisis, the European Union must regain lost ground and create more favorable conditions for inclusive and sustainable economic growth. The best way to achieve this goal is…

The concluding chapter reviews the EU’s handling of current crises and its search for sustainability and resilience. Beginning with its response to the COVID-19 pandemic and the ensuing public health…

Recent research has highlighted the contribution that managerial decisions make to firms’ productivity. This column uses a novel measure of job-worker allocation quality to document how firms that mat…

The institutional literature suggests that long-term tax incentives are crucial for entrepreneurs, but studies on this topic are hampered by theoretical and empirical problems related to how to define…

Previous research has indicated that constitutionalized emergency provisions effectively constrain the behaviour of democratic governments subsequent to terrorist attacks. In this article, we ask if t…

In the aftermath of the Second World War, Sweden dismantled an education system that was strongly influenced by German, Neo-Humanist pedagogical principles in favor of a progressive, student-centered…

The fifth volume of the Interdisciplinary European Studies series aims to explore the EU’s pursuit of societal resilience and its role in the transition to a green economy. It brings together scholars…

This paper studies the sensitivity of long-run trends in top income shares to differences in top-share measures. While the standard measure fixes a share of the population, we define alternatives that…

Among contemporary economists, Mariana Mazzucato stands out for her emphasis on the importance of innovation to solving pressing challenges and achieve a greater quality of life. However, the type of…

We analyze changes in the willingness to substitute from prescribed pharmaceuticals to more affordable generic equivalents in response to the first experience with a substitution. Using Swedish indivi…

The issue of what explains differences in the wealth of nations is one of the most classic in economics. We propose de facto academic freedom as an explanatory variable. The main idea is that such fre…

We develop a novel measure of job-worker allocation quality (JAQ) by exploiting employer-employee data with machine learning techniques. Based on our measure, the quality of job-worker matching correl…

Patent value indicators are used to identify technological innovation. The probability of innovation correlates positively with patent renewal and patent family size, but only weakly with forward cita…

Formal institutions, e.g., regulations, are considered crucial determinants of entrepreneurship, but what enables regulatory change when there is a regulatory void, meaning entrepreneurship clashes wi…

We study shareholder support for corporate board nominees before and after the 2018 California gender quota. Pre-quota, new female nominees received greater support than new male nominees, consistent…

Starting from the '90s, Swedish manufacturing output has been constantly growing, while emissions of some major air pollutants have been declining. This paper decomposes manufacturing pollution emissi…

The advantages of multinational enterprises (MNEs) over domestic firms have been widely acknowledged in several streams of literature. However, a more refined analysis on the sources of their advantag…

In most democracies, members of parliament (MPs) are elected either through a party list or by a district. We use a discontinuity in the German electoral system to investigate the causal effect of a d…

This open access book examines the challenges and issues caused by a move to a marketized education system in Sweden. Observing the introduction of the school voucher system and a postmodern social co…

Many currencies, especially from countries with negative net foreign assets, depreciate during financial turbulence. Using a panel of 26 currencies for the period April 2002 to December 2019, I show t…

This paper investigates the impact of financial liberalization on the relationship between consumption and total wealth (i.e., the sum of asset wealth and human wealth). We propose a heterogeneous age…

This paper reports results from a classroom dictator game comparing the effects of three different sets of standard instructions. As was shown by Oxobyand Spraggon (2008), inducing a feeling of entitl…

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and innovation entails modeling an occupational choice and an effort choice. Risk-shar…

We study ethnic differences in long-term self-employment in Sweden combining population-wide register data and a unique survey targeting a large representative sample of the total population of long-t…

This paper surveys the literature relevant for comparing centralized and decentralized wholesale electricity markets. Under a centralized design, producers submit detailed cost data to the system oper…

Ideological spillovers refer to the modification of an individual’s core beliefs after learning about other people's beliefs.  We study one specific international ideological spillover, namely, the ef…

It is often assumed that there is a trade-off between civil rights and national safety although the association is theoretically ambiguous. This article therefore explores this association by estimati…

This chapter comprises three main parts. The first part is about data sources, the definitions of income, and the methodologies used to estimate top income shares. Both the standard sources and method…

There is scant systematic empirical evidence on what explains variation in academic freedom. Making use of a new indicator and panel data covering 64 countries 1960–2017, we investigate how de facto a…

Nine out of 10 constitutions contain explicit emergency provisions, intended to help governments cope with extraordinary events that endanger many people or the existence of the state. We ask two ques…

The 2020 Global Award for Entrepreneurship Research has been awarded to Professor John Haltiwanger. John Haltiwanger has made significant contributions to the field of entrepreneurship by improving ou…

While there is almost unanimous consent among scientists that climate change is real and has detrimental consequences, there is a sizable number of people who are skeptical towards these propositions…

Previous studies have stressed the role of a child's family environment for future political participation. This field of research has, however, overlooked that children within the same family have di…

We used an experiment to investigate whether people’s decisions over employment opportunities are affected by the ethnicity and sex of their potential future coworkers. University students (N = 1,406)…

The cryptocurrency Bitcoin has been marketed as revolutionary new money and an attractive investment. But closer examination suggests that Bitcoin works poorly as money and does not qualify as an asse…

Constructing football fields in Sweden with artificial turf has grown in popularity in recent years. Although the increase in playing time per year is a significant benefit of using artificial turf, t…

This study evaluates the impact of conventional cage bans for laying hens in the EU on exports of poultry-keeping equipment. Using detailed data on international trade in poultry-keeping equipment com…

We use population administrative data from Sweden to study adherence to 63 medication-related guidelines. We compare the adherence of patients without personal access to medical expertise to the adher…

Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key facto…

Based on historical analogies, we emphasize a connection between financial crises and technological shifts that calls for a structural economic transformation. Political pressures related to this stru…

This paper presents an empirical test of the anticompetitive effects of joint ownership by examining the operation of three nuclear plants in Sweden. Since maintenance is the main conduit explaining v…

The basic policy tool for increasing FDI is international investment agreements (IIAs), state-to-state treaties that protect FDI against host country policy measures. This note focuses on the IIA of m…

As a recent literature has demonstrated, men and women differ in their willingness to sort into competitive environments. In particular, men are more willing than women to compete. We investigate whet…

Limiting the spread of contagious diseases can involve both government-managed and voluntary efforts. Governments have a number of policy options beyond direct intervention that can shape individuals…

The significance of supply chain collaboration, communication and data exchange along with the importance of the relationships established among interconnected parties in a digital connected world, in…

In recent years, commercial banks have substantially reduced the number of their branch offices. We address the question of whether or not the increased distance to lenders caused by branch office clo…