Publications

Abstract Que nous dit l’industrie cinématographique américaine sur le rôle économique de Wall Street et la perception de la bourse dans le temps ? À travers un corpus conséquent de films américains du XXe et XXIe siècles, cet article illustre comment, en trois périodes distinctes, Hollywood a pu mettre en scène la finance et contribuer au mythe de Wall Street. Sujet mineur jusque dans les années 1980, ces années ont vu l’apparition de blockbusters financiers avec la montée en puissance de la financiarisation de l’économie. La crise des subprimes renouvelle le genre, questionnant la place de la bourse et l’éthique des traders.
Keywords Traders, Ethics, Movies, Finance, Wall Street, Wall Street, Cinéma, Ethique, Économie, Traders
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Abstract In many societies, parents are involved in selecting a spouse for their child, integrating this with decisions about premarital investment such as education. Do spousal preferences of parents and children conflict? We estimate parents’ spousal preferences based on survey choices between random profiles, elicited from parents or other relatives who actively search for a spouse on behalf of their adult child in Kunming, China. We simulate marriage outcomes based on preferences for age and education and compare them with patterns in the general population and with the preferences of a survey of students. The common concern that there may be aversion to highly educated or high-earning wives is somewhat corroborated in parents’ preferences but not in students’ preferences, nor in outcomes, where homogamy is common and wives who are more educated than husbands are as common as husbands who are more educated than wives. Parents prefer wives younger than their husbands, yet most couples are the same age, an outcome consistent with student preferences. Overall, divergences between parental and child preferences exist but are neither major nor very influential in explaining observed outcomes. Fears that highly educated women face diminished marriage prospects appear less serious than often claimed.
Keywords Marriage, Preference estimation, China, Parental matchmaking, MATCHING
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Abstract Introduction Alcohol use disorder (AUD) is associated with a significant disease burden in France, where alcohol use is deeply rooted in culture. However, the treatment gap is large because of several barriers, including stigmatisation and drinkers' apprehension about total abstinence. However, standardised and evidence-based interventions based on controlled-drinking for people with AUD are lacking. We aimed to assess the effectiveness of a novel community-based French therapeutic patient education (TPE) program for people with AUD named Choizitaconso. Methods A before-after non-randomised quasi-experimental study, named ETHER, was designed and implemented with people living with AUD, over a period of 6 months. The primary outcome was percentage change in the number of alcohol-related harms experienced. Secondary outcomes were percentage changes in psycho-social patient-reported and community-validated outcomes. Participants in the intervention group (n = 34) benefited from the 10-week TPE program Choizitaconso, while the comparison group (n = 58) received standard care. The Kruskall–Wallis and chi-squared or Fisher's exact tests were used to compare before-after changes in variables in both groups. Linear regression models were used to test for the effect of study group on each outcome and to test for the effect of alcohol consumption as a confounder. Results At 6 months, all outcomes but one either remained stable or numerically improved in both groups. Internalised stigma significantly improved in the intervention group (p = 0.026) but not in the comparison group (p = 0.207), with a significant group effect (p = 0.014). Discussion and Conclusions This study demonstrates the effectiveness of the Choizitaconso TPE program on community-validated outcomes, especially internalised stigma.
Keywords France, Alcohol use disorder, Harm reduction, Psychosocial skills, Therapeutic patient education
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Abstract In this paper we present a subgradient method with non-monotone line search for the minimization of convex functions with simple convex constraints. Different from the standard subgradient method with prefixed step sizes, the new method selects the step sizes in an adaptive way. Under mild conditions asymptotic convergence results and iteration-complexity bounds are obtained. Preliminary numerical results illustrate the relative efficiency of the proposed method.
Keywords Subgradient method, Non-monotone line search, Convex function
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Abstract This paper examines the distributional implications of inflation on top income shares in 14 advanced economies using data over the period 1920–2016. We use local projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined as 5-year averages to examine the impact of inflation on the position of the top-one-percent in the long run. Our findings suggest that inflation reduces the share of national income held by the top 1 percent. Furthermore, we find that inflation shocks and long-run inflation have similar effects on top income shares.
Keywords Inflation, Inequality, Top income shares, Income distribution
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Abstract This book examines the economic policies that will underpin the evolution of growth in industrialised economies in coming decades. The change in focus of policymakers away from short-term regulation and policies towards problems of structural change is discussed in relation to the Taylor rule and Fisher relationship. Both empirical observations and quantitative analyses are utilised to explore diverse but interrelating topics, including interest rates dynamics, macroeconomic equilibrium, economic vulnerability, poverty and inequality, environmental sustainability, and monetary and fiscal policies.This book aims to propose policies that can produce economic growth without compromising social stability and environmental balances. It will be of interest to researchers and policymakers working within economic development and policy.
Keywords Macroeconomic equilibrium Sustainable growth Phillips Curves Ecological transition Productivity slowdown Financial cycles Interest rate dynamics Poverty and inequality Environmental sustainability
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Abstract BackgroundEnsuring access to healthcare services is a key element to achieving the Sustainable Development Goal 3 of "promoting healthy lives and well-being for all" through Universal Health Coverage (UHC). However, in the context of low- and middle-income countries, most studies focused on financial protection measured through catastrophic health expenditures (CHE), or on health services utilization among specific populations exhibiting health needs (such as pregnancy or recent sickness).MethodsThis study aims at building an individual score of perceived barriers to medical care (PBMC) in order to predict primary care utilization (or non-utilization). We estimate the score on six items: (1) knowing where to go, (2) getting permission, (3) having money, (4) distance to the facility, (5) finding transport, and (6) not wanting to go alone, using individual data from 1787 adult participants living in rural Senegal. We build the score via a stepwise descendent explanatory factor analysis (EFA), and assess its internal consistency. Finally, we assess the construct validity of the factor-based score by testing its association (univariate regressions) with a wide range of variables on determinants of healthcare-seeking, and evaluate its predictive validity for primary care utilization.ResultsEFA yields a one-dimensional score combining four items with a 0.7 Cronbach's alpha indicating good internal consistency. The score is strongly associated-p-values significant at the 5% level-with determinants of healthcare-seeking (including, but not limited to, sex, education, marital status, poverty, and distance to the health facility). Additionally, the score can predict non-utilization of primary care at the household level, utilization and non-utilization of primary care following an individual's episode of illness, and utilization of primary care during pregnancy and birth. These results are robust to the use of a different dataset.ConclusionAs a valid, sensitive, and easily documented individual-level indicator, the PBMC score can be a complement to regional or national level health services coverage to measure health services access and predict utilization. At the individual or household level, the PBMC score can also be combined with conventional metrics of financial risk protection such as CHE to comprehensively document deficits in, and progress towards UHC.
Keywords Healthcare access, Perceived barriers, Primary care, Universal health coverage UHC, Rural, Senegal, Sub-Saharan Africa
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Abstract We consider agents organized in an undirected network of local complementarities. A principal with a fixed budget offers costly bilateral contracts in order to increase the sum of agents' effort. We study contracts rewarding effort exceeding the effort made in the absence of the principal. First, targeting a subgroup of the whole society becomes optimal under substantial contracting costs, which significantly increases the computational complexity of the principal's problem. In particular, under sufficiently low intensity of complementarities, a correspondence is established between optimal targeting and an NP-hard problem. Second, for any intensities of complementarities, the optimal unit returns offered to all targeted agents are positive for all contracting costs and in general heterogeneous, even though networks are undirected. Yet, heterogeneity never leads to negative returns, which implies that, with these linear payment schemes, coordination is never an issue for the principal.
Keywords Networked synergies, Optimal targeting, Linear scheme
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Abstract This chapter reviews the recent Bayesian literature on poverty measurement together with some new results. Using Bayesian model criticism, we revise the international poverty line. Using mixtures of lognormals to model income, we derive the posterior distribution for the FGT, Watts and Sen poverty indices, for TIP curves (with an illustration on child poverty in Germany) and for Growth Incidence Curves. The relation of restricted stochastic dominance with TIP and GIC dominance is detailed with an example based on UK data. Using panel data, we decompose poverty into total, chronic and transient poverty, comparing child and adult poverty in East Germany when redistribution is introduced. When panel data are not available, a Gibbs sampler can be used to build a pseudo panel. We illustrate poverty dynamics by examining the consequences of the Wall on poverty entry and poverty persistence in occupied West Bank.
Keywords Poverty dynamics, Stochastic dominance, Poverty indices, Mixture model, Bayesian inference
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Abstract While official statistics provide lagged and aggregate information on the housing market, extensive information is available publicly on real-estate websites. By web-scraping them for the UK on a daily basis, this paper extracts a large database from which we build timely and highly granular indicators. One originality of the dataset is to focus on the supply side of the housing market, allowing to compute innovative indicators reflecting the sellers' perspective such as the number of new listings posted or how prices fluctuate over time for existing listings. Matching listing prices in our dataset with transacted prices from the notarial database, using machine learning, also measures the negotiation margin of buyers. During the Covid-19 crisis, these indicators demonstrate the freezing of the market and the “wait-and-see” behaviour of sellers. They also show that listing prices after the lockdown experienced a continued decline in London but increased in other regions.
Keywords High frequency, United Kingdom, Web-scraping, Big data, Real time, Housing
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