• Housing Allowance and Rents: Evidence from a Stepwise Subsidy Scheme 

      Eerola, Essi; Lyytikäinen, Teemu
      The Scandinavian Journal of Economics : Forthcoming (Wiley, 2019)
      This paper studies the effect of housing demand subsidies on rents using discontinuities in the Finnish housing allowance system as a quasi‐experimental setting. The stepwise dependence of housing allowance on the floor ...
    • Does Mandating Social Insurance Affect Entrepreneurial Activity? 

      Benzarti, Youssef; Harju, Jarkko; Matikka, Tuomas
      American Economic Review: Insights : Forthcoming (American Economic Association, 2019)
      This paper estimates the effect of relaxing the social insurance mandate on entrepreneurial activity using rich administrative data from Finland. We find that relaxing the social insurance mandate leads entrepreneurs to ...
    • How to Leave the Eurozone: The Case of Finland 

      Malinen, Tuomas; Nyberg, Peter; Koskenkylä, Heikki; Berghäll, Elina; Mellin, Ilkka; Miettinen, Sami; Ala-Peijari, Jukka; Törnqvist, Stefan
      The Economists' Voice : 1 (De Gruyter, 2018)
      This article provides thoughts and guidelines on how a country could exit from the Economic and Monetary Union (EMU) and its currency the euro. We take the hypothetical exit of Finland as a concrete example. Although there ...
    • Causality in quantiles and dynamic relations in energy markets: (De)tails matter 

      Kyritsis, Evangelos; Andersson, Jonas
      Energy Policy (Elsevier, 2019)
      In this article we investigate the dynamic relations between crude oil price returns and a set of energy price returns, namely diesel, gasoline, heating, and the natural gas. This is performed by means of Granger non-causality ...
    • The intergenerational effects of parental higher education: Evidence from changes in university accessibility 

      Suhonen, Tuomo; Karhunen, Hannu
      Journal of Public Economics (Elsevier, 2019)
      We examine the causal relationship between the educational attainment of parents and that of their children using quasi-experimental variation from changes in parents' access to university generated by the geographical ...
    • Regulation of short-term consumer credits 

      Takalo, Tuomas
      Journal of Banking Regulation : Available online (Palgrave Macmillan, 2019)
      The regulation of short-term consumer credit markets is heatedly debated around the world. This article uses economic research as a basis for a qualitative assessment of the regulation of the short-term consumer credit ...
    • Switching costs and financial stability 

      Stenbacka, Rune; Takalo, Tuomas
      Journal of Financial Stability (Elsevier, 2019)
      We establish that the effect of intensified deposit market competition, measured by reduced switching costs, on the probability of bank failures depends critically on whether we focus on competition with established customer ...
    • Are voters rational? 

      Lyytikäinen, Teemu; Tukiainen, Janne
      European Journal of Political Economy (Elsevier, 2019)
      We test whether a voter's decision to cast a vote depends on its probability of affecting the election outcome. Using exogenous variation arising at population cutoffs determining council sizes in Finnish municipal elections, ...
    • Political representation and effects of municipal mergers 

      Harjunen, Oskari; Saarimaa, Tuukka; Tukiainen, Janne
      Political Science Research and Methods : Available online (Cambridge University Press, 2019)
      We study the effects of municipal mergers using novel geocoded data on local public sector jobs and local politicians' place of residence. We find that the mergers had no effects on municipal expenditures overall after ...
    • How do small firms respond to tax schedule discontinuities? Evidence from South African tax registers 

      Boonzaaier, Wian; Harju, Jarkko; Matikka, Tuomas; Pirttimäki, Jukka
      International Tax and Public Finance : Open access (Springer US, 2019)
      We study the responsiveness of small- and medium-sized firms to a small-business corporate income tax schedule using population-wide administrative data from South Africa. We find sizeable bunching of firms at the corporate ...
    • The spike at benefit exhaustion: The role of measurement error in benefit eligibility 

      Kyyrä, Tomi; Pesola, Hanna; Verho, Jouko
      Labour Economics (Elsevier, 2019)
      Many studies have found that the exit rate from unemployment insurance benefits to employment increases at the end of the entitlement period. The magnitude of this “spike” in the job finding rate at benefit exhaustion is ...
    • Compliance costs vs. tax incentives: Why do entrepreneurs respond to size-based regulations? 

      Harju, Jarkko; Matikka, Tuomas; Rauhanen, Timo
      Journal of Public Economics (Elsevier, 2019)
      This paper studies the mechanisms behind the responses of entrepreneurs to size-dependent tax regulation. We exploit the value-added tax (VAT) exemption threshold in Finland. Both tax incentives (remitted VAT) and compliance ...
    • Electricity prices and consumers’ long-term technology choices: Evidence from heating investments 

      Sahari, Anna
      European Economic Review (Elsevier, 2019)
      This paper studies consumers’s sensitivity to energy costs at the moment of making a long-term energy technology investment. The analysis exploits local variation in regulated electricity distribution prices that are ...
    • When does money stick in education? Evidence from a kinked grant rule 

      Saastamoinen, Antti; Kortelainen, Mika
      Education Finance and Policy : fortcoming (MIT Press, 2019)
      We study the effects of intergovernmental grants on school spending within the Finnish system of high school education funding. The system allocates lump-sum intergovernmental grants to local high school education providers ...
    • Public Procurement versus Laissez-Faire: Evidence from Household Waste Collection 

      Meriläinen, Jaakko; Tukiainen, Janne
      CESifo Economic Studies : forthcoming (Oxford University Press, 2019)
      We document that switching from laissez-faire production to public procurement in residential waste collection in Finland reduces the number of firms active in the local market, but induces a statistically significant and ...
    • New road infrastructure: The effects on firms 

      Gibbons, Stephen; Lyytikäinen, Teemu; Overman, Henry G.; Sanchis-Guarner, Rosa
      Journal of Urban Economics (Elsevier, 2019)
      This paper estimates the impact of new road infrastructure on employment and labour productivity using firm level longitudinal data for Britain. Exposure to transport improvements is measured through changes in accessibility, ...
    • Economic Crises and Unemployment Persistence: Analysis of Job Losses During the Finnish Recession of the 1990s 

      Verho, Jouko
      Economica : forthcoming (Wiley, 2019)
      This study estimates the effect of job loss for Finnish workers who were displaced during a severe recession in the early 1990s. The setting provides a sample of workers of which over 90% experienced unemployment after ...
    • Does subsidized part-time employment help unemployed workers to find full-time employment? 

      Kyyrä, Tomi; Arranz, José M.; García-Serrano, Carlos
      Labour Economics (Elsevier, 2018)
      We study whether part-time work acts as a bridge towards full-time work for unemployed workers in Spain. We consider a time period when firms were encouraged to create part-time jobs by cutting employers' social security ...
    • Eliittilukioiden vaikutukset yliopisto-opintojen aloittamiseen ja koulutusalan valintaan 

      Tervonen, Lassi; Kortelainen, Mika; Kanninen, Ohto
      Yhteiskuntapolitiikka : 4 (Terveyden ja hyvinvoinnin laitos, Eläketurvakeskus, Kelan tutkimus ja Tampereen yliopiston yhteiskuntatieteiden tiedekunta, 2018)
      Lukioiden väliset erot oppimistuloksissa ja oppilaspohjassa ovat Suomessa merkittäviä ja erot korostuvat isoimmissa kaupungeissa, joissa kilpailtujen ja suosittujen lukioiden sisäänpääsyrajat ovat hyvin korkeita. Tällaisia ...
    • Expanding access to administrative data: the case of tax authorities in Finland and the UK 

      Almunia, Miguel; Harju, Jarkko; Kotakorpi, Kaisa; Tukiainen, Janne; Verho, Jouko
      International Tax and Public Finance : 3 (Springer Verlag, 2018)
      We discuss typical issues in getting access to and using high-quality administrative tax data for research purposes. We discuss research involving both quasi- and field experiments implemented together with the tax authority. ...