A Quantitative Model for Evaluating Changes in the Duration of Secondary School with an Application to the G8 Reform in Germany
Using a quantitative life cycle model, I study how a decrease in secondary school duration paired with a constant amount of instruction time affects leisure and education decisions of students. Draft available upon request.
Conflict Inflation with Multilateral Trade (joint with Björn Brügemann and Pieter Gautier)
This paper extends the model of conflict inflation in a barter environment developed by Lorenzoni and Werning (2023) to a setting in which trade is multilateral, without double coincidence of wants. The main contributions are an approach for going beyond barter based on centralized exchange with rationing, and the finding that multilateral trade can lead to qualitatively different dynamics of conflict inflation. While inflation remains uniquely determined by preference parameters, in our model of trilateral trade it is no longer stationary and increases over time. Draft available upon request.