VATT Working Papers

 

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  • City-wide effects of new housing supply: Evidence from moving chains 

    Bratu, Cristina; Harjunen, Oskari; Saarimaa, Tuukka
    VATT Working Papers : 146 (Valtion taloudellinen tutkimuskeskus, 31.08.2021)
    We study the city-wide effects of new, centrally-located market-rate housing supply using geo-coded total population register data from the Helsinki Metropolitan Area. The supply of new market rate units triggers moving ...
  • Incentives, Health, and Retirement: Evidence from a Finnish Pension Reform 

    Ollonqvist, Joonas; Kotakorpi, Kaisa; Laaksonen, Mikko; Martikainen, Pekka; Pirttilä, Jukka; Tarkiainen, Lasse
    VATT Working Papers : 145 (Valtion taloudellinen tutkimuskeskus, 05.07.2021)
    We analyse the effects of changes in retirement incentives on retirement behaviour, and in particular whether individuals' health status modifes the effects of retirement incentives. We study these issues in the context ...
  • Wage and Employment Discrimination by Gender in Labor Market Equilibrium 

    Xiao, Pengpeng
    VATT Working Papers : 144 (Valtion taloudellinen tutkimuskeskus, 28.05.2021)
    This paper develops an equilibrium search model to study the mechanisms underlying the lifecycle gender wage gap: human capital accumulation, preference for job amenities, and employers’ statistical discrimination in wage ...
  • The Effects of Unemployment Assistance on Unemployment Exits 

    Kyyrä, Tomi
    VATT Working Papers : 143 (Valtion taloudellinen tutkimuskeskus, 19.03.2021)
    Many countries have a two-tiered unemployment compensation system which provides earnings-related unemployment insurance for a limited period of time and less generous unemployment assistance thereafter. This study evaluates ...
  • Removing Welfare Traps: Employment Responses in the Finnish Basic Income Experiment 

    Verho, Jouko; Hämäläinen, Kari; Kanninen, Ohto
    VATT Working Papers : 142 (Valtion taloudellinen tutkimuskeskus, 17.03.2021)
    This paper provides evidence that replacing minimum unemployment benefits with a basic income of equal size has minor employment effects at best. We examine an experiment in Finland in which 2,000 benefit recipients were ...
  • Household heterogeneity in valuation of heating energy costs 

    Sahari, Anna
    VATT Working Papers : 141 (Valtion taloudellinen tutkimuskeskus, 16.03.2021)
    This paper studies consumer heterogeneity in the valuation of lifetime heating energy costs. The valuation is expressed as the willingness to pay higher upfront costs to obtain savings over the lifetime of the heating ...
  • Mortality Inequality in Finland 

    Huttunen, Kristiina; Lombardi, Stefano
    VATT Working Papers : 140 (Valtion taloudellinen tutkimuskeskus, 26.02.2021)
    We study inequality in mortality in Finland using registry data that covers the whole population for years 1990-2018. We create municipality-level indexes of regional deprivation (poverty rate), and show how age-specifc ...
  • School starting age, maternal age at birth, and child outcomes 

    Fredriksson, Peter; Huttunen, Kristiina; Öckert, Björn
    VATT Working Papers : 139 (Valtion taloudellinen tutkimuskeskus, 23.02.2021)
    This paper analyses the effects of maternal school starting age and maternal age-at-birth on children’s short and long-term outcomes using Finnish register data. We exploit a school-starting-age rule for identification. ...
  • Using Payroll Tax Variation to Unpack the Black Box of Firm-Level Production 

    Benzarti, Youssef; Harju, Jarkko
    VATT Working Papers : 138 (Valtion taloudellinen tutkimuskeskus, 29.01.2021)
    This paper uses quasi-experimental variation in payroll tax rates in Finland to investigate how firms use their input factors. We find that higher payroll tax rates lead to large employment responses and have no effects ...
  • Resource and Environmental Policies for the Mining Industry: What Should Governments Do About the Increasing Social and Environmental Risks? 

    Huhtala, Anni; Ropponen, Olli
    VATT Working Papers : 137 (Valtion taloudellinen tutkimuskeskus, 29.12.2020)
    Growing demand for materials required in the construction of renewable technologies and zeroemission infrastructure may signal significant changes for the minerals and metals market. These in turn might exacerbate the ...
  • Technology, Labour Market Institutions and Early Retirement: Evidence from Finland 

    Yashiro, Naomitsu; Kyyrä, Tomi; Hwang, Hyunjeong; Tuomala, Juha
    VATT Working Papers : 136 (Valtion taloudellinen tutkimuskeskus, 23.12.2020)
    There are two major barriers to increasing employment of older workers. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several ...
  • Information Integration, Coordination Failures, and Quality of Prescribing 

    Böckerman, Petri; Laine, Liisa T.; Nurminen, Mikko; Saxell, Tanja
    VATT Working Papers : 135 (Valtion taloudellinen tutkimuskeskus, 26.10.2020)
    Poor information flows hamper coordination, potentially leading to suboptimal decisions in health care. We examine the effects of a nationwide policy of information integration on the quality of prescribing. We use the ...
  • Fat Tails due to Variable Renewables and Insufficient Flexibility 

    Huisman, Ronald; Kyritsis, Evangelos; Stet, Cristian
    VATT Working Papers : 134 (Valtion taloudellinen tutkimuskeskus, 10.06.2020)
    The large-scale integration of renewable energy sources requires flexibility from power markets in the sense that the latter should quickly counterbalance the renewable supply variation driven by weather conditions. Most ...
  • In Sickness and in Health: Job Displacement and Health. Spillovers in Couples 

    Gathmann, Christina; Huttunen, Kristiina; Jernström, Laura; Sääksvuori, Lauri; Stitzing, Robin
    VATT Working Papers : 133 (Valtion taloudellinen tutkimuskeskus, 09.06.2020)
    We study how a negative labor market shock like job loss generates health spillovers in couples. Using administrative data of all workers and firms matched to mortality and patient records, we document that male job ...
  • Discrete Labor Supply: Empirical Evidence and Implications 

    Kosonen, Tuomas; Matikka, Tuomas
    VATT Working Papers : 132 (Valtion taloudellinen tutkimuskeskus, 25.05.2020)
    We provide novel evidence of discrete labor supply responses to tax incentives and study the broader implications of discrete rather than continuous labor supply. We utilize an income notch and a reform that shifted the ...
  • Optimal Patent Policy for Pharmaceutical Industry 

    Izhak, Olena; Saxell, Tanja; Takalo, Tuomas
    VATT Working Papers : 131 (Valtion taloudellinen tutkimuskeskus, 20.05.2020)
    We show how characterizing optimal patent policy for the pharmaceutical industry only requires information about generic producers’ responses to changes in the effective duration and scope of new drug patents. To estimate ...
  • Physician Prices and Competition: Evidence from Acquisitions in the Private Health Care Sector 

    Saxell, Tanja; Nurminen, Mikko
    VATT Working Papers : 130 (Valtion taloudellinen tutkimuskeskus, 30.04.2020)
    We consider the effects of mergers and acquisitions for private physicians, who compete for patients on price. To estimate the effects, we use nationwide administrative data on private physicians and the organization of ...
  • The Effects of Corporate Taxes on Small Firms 

    Harju, Jarkko; Koivisto, Aliisa; Matikka, Tuomas
    VATT Working Papers : 129 (Valtion taloudellinen tutkimuskeskus, 06.03.2020)
    We study the impact of corporate taxes on firm-level investments, total output and input usage by exploiting a 4.5 percentage-point corporate tax rate cut in Finland in 2014. We use detailed administrative data and a ...
  • Mixing the Rich and Poor: The Impact of Peers on Education and Earnings 

    Einiö, Elias
    VATT Working Papers : 128 (Valtion taloudellinen tutkimuskeskus, 18.12.2019)
    This study exploits a large-scale natural experiment in Finnish conscription to study how exposure to peers from different family backgrounds affects education, earnings, employment, and hourly wage. Our research design ...
  • Does admission to elite engineering school make a difference? 

    Kuuppelomäki, Tiina; Kortelainen, Mika; Suhonen, Tuomo; Virtanen, Hanna
    VATT Working Papers : 127 (Valtion taloudellinen tutkimuskeskus, 31.10.2019)
    This paper explores the effects of university quality in STEM education by examining the consequences of admission to Finland’s most competitive engineering school for students' performance in their studies and the labor ...

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