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Applied Microeconomics

Applied Microeconomics

The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.

The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.

Our activities

Work in Progress seminars

Tuesdays and Wednesdays 1-2pm

Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.

Applied Econometrics reading group

Thursdays (bi-weekly) 1-2pm

Organised by students in collaboration with faculty members. See the Events calendar below for further details

People

Academics

Academics associated with the Applied Microeconomics Group are:


Natalia Zinovyeva

Co-ordinator

Manuel Bagues

Deputy Co-ordinator


Events

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Applied & Development Economics Seminar - Jonathan Weigel (UC Berkeley)

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Location: S2.79

Title: How Market Access Shapes Wellbeing and Values: Experimental Evidence from the D.R. Congo
Abstract: Classical liberals argue that the expansion of market access promoted prosociality, hard work, and thrift, while according to more critical schools of thought, mar- kets ushered in a more self-interested, secular, and unsatisfied homo economicus. We examine these ideas in a field experiment involving 4,200 individuals across 300 Congolese villages that provided free motorcycle transportation to the largest urban market in the province one day per week for six months. Market access increased household income by 16% nine months after the intervention by fa- cilitating enduring connections to urban traders and stimulating trade in cash crops. However, it eroded subjective wellbeing on average and made participants feel further away from their desired income, likely by generating within-village inequality and altering the reference points of market 鈥渓osers.鈥 Market access also had a secularizing effect: participants viewed religious faith as a less important value and a weaker determinant of success in life. Instead, they believed more in their own agency and in the value of hard work, productivity, education, in- come, and saving. An urban placebo treatment arm helps attribute these effects to market access, separate from exposure to the city and urban social networks more generally.

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