ISEG Summer School 2025

Katarzyna Bilicka – Utah State University – USA

July 7th to 11th – Auditorium 5 (Quelhas 6 building)

Schedule: 9:30 AM – 1:30 PM

Nagore Iriberri – University of the Basque Country – Spain

July 21st to 24th – Auditorium 5 (Quelhas 6 building)

Schedule: 9:30 AM – 1:00 PM

July 21st:

• Introduction to Gender Economics
• Women in Science and in Economics: Historical Trends

July 22nd:

• Women and Publishing in Economics
• Women and Citations

July 23rd:

• Academic Life, Visibility and Non-Promotable Tasks
• Women and Teaching Evaluations

July 24th:

• Women and Peer Recognition
• Women and Editorial Roles

Sascha Becker – Warwick University – UK

July 24th to 26th – Auditorium 5 (Quelhas 6 building)

Schedule:
July 24th : 2:30 PM – 6:00 PM
July 25th : 9:30 AM – 6:00 PM
July 26th: 9:30 AM – 1:00 PM

This short course is a “topics course”. Participants will be expected to read the papers in the syllabus. All readings can be found in a Dropbox folder, which will be shared later.

Day 1

• Forced Migration in History I
• Coffee break
• Forced Migration in History II
• Networks and Migration in History I
• Coffee break
• Networks and Migration in History II

Day 2

• Religion in Economic History
• Coffee Break
• Religion in Economic History II
• Econometric Issues in Economic History
• Coffee break
• Publishing (in Economic History)

Day 3

• TBA

Bibliography:

Note that the bibliography includes several surveys. Those are highlighted in bold. Naturally, those cover a lot of different papers, without going into every single detail. The other papers will be discussed in detail, including identification strategies.

Forced Migration in History:

Becker, Sascha O. (2022) “Lessons from Forced Displacement in History”, paper following from the 2021 Noel Butlin Lecture, Australian Economic History Review 62(2): 2-25. https://doi.org/10.1111/aehr.12237

Becker, Sascha O. and Andreas Ferrara, (2019) “Consequences of forced migration: A survey of recent findings,” Labour Economics 59, 1–16. https://doi.org/10.1016/j.labeco.2019.04.009

Becker, Sascha O., Irena Grosfeld, Pauline Grosjean, Nico Voigtländer, and Ekaterina Zhuravskaya (2020) “Forced migration and human capital: evidence from post-WWII population transfers,” American Economic Review 110 (5), 1430–1463. https://www.aeaweb.org/articles?id=10.1257/aer.20181518

Networks and Migration:

Persecution and Escape: Professional Networks and High-Skilled Emigration from Nazi Germany” (with Volker Lindenthal, Sharun Mukand and Fabian Waldinger), 2024, American Economic Journal: Applied Economics 16(3):1-43. https://www.aeaweb.org/articles?id=10.1257/app.20220278

Buggle, Johannes, Thierry Mayer, Orcan Seyhun Sakalli, and Mathias Thoenig (2023) The Refugee’s Dilemma: Evidence from Jewish Migration out of Nazi Germany, The Quarterly Journal of Economics 138(2): 1273–1345, https://doi.org/10.1093/qje/qjad001

Spitzer, Yannay (2021) “Pogroms, Networks, and Migration: The Jewish Migration from the Russian Empire to the United States, 1881–1914”, Hebrew University Falk Institute Discussion Paper 21-03.

Religion in Economic History:

Becker, Sascha O., Jared Rubin and Ludger Woessmann (2021) “Religion in Economic History: A Survey”, In: Bisin, Alberto and Giovanni Federico (eds.) Handbook of Historical Economics, Chapter 20, Elsevier: https://doi.org/10.1016/B978-0-12-815874-6.00029-0.

Just for information, link to the whole handbook: https://www.elsevier.com/books/the-handbook-of-historical-economics/bisin/978-0-12-815874-6

Becker, Sascha O., Jared Rubin and Ludger Woessmann (2024) “Religion and Growth” Journal of Economic Literature 62(3): 1094–1142. https://doi.org/10.1257/jel.20231666

Econometric Issues in Economic History:

Casey, Gregory and Marc Klemp (2021) Historical instruments and contemporary endogenous regressors, Journal of Development Economics 149, 102586. https://doi.org/10.1016/j.jdeveco.2020.102586.

Voth, Hans-Joachim (2021) “Persistence – myth and mystery”, In: Bisin, Alberto and Gioganni Federico (eds.) The Handbook of Historical Economics, Chapter 9, Pages 243-267. https://doi.org/10.1016/B978-0-12-815874-6.00015-0

Publishing (in Economic History) – Dos and don’ts:

Own slides.

Pedro Bordalo – Oxford University – UK

July 29th and 30th – Auditorium 4 (Quelhas 6 building)
Schedule: 9:30 AM – 5:00 PM

Abstract: The mounting evidence of systematic errors in expectations—from consumers’ inflation expectations to professional forecasters’ projections of firm-level and macroeconomic variables—stresses the need to go beyond the rational-expectations paradigm. This raises crucial questions: How are expectations actually formed, and what role do expectation errors play in shaping market outcomes?

In these lectures, we will build on the rapidly expanding literature to:

1. Explore the cognitive mechanisms— memory and attention—that underline expectation formation, and develop a tractable, theory-based approach to examine expectations’ drivers and departures from rationality

2. Analyze the implications for key puzzles in finance and macroeconomics:

• In finance, we’ll discuss return predictability in both the aggregate stock marketand cross-sectionally, without relying on exotic required returns.
• In macroeconomics, we’ll examine how predictable expectation errors shed light on credit and business cycles.

3. Demonstrate the importance of new types of data—such as those on individual experiences and attention to specific features—in predicting expectations, offering insights into how surveys can be designed to better elicit them.

In summary, significant progress is being made in understanding expectations and linking departures from rationality to major questions in economics. Advances in measuring expectations, particularly through new types of data, hold great promise for further progress.