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Reposted by Jakob Roland Munch

AERE @aereorg.bsky.social · 16/07/2026

📢 Just accepted in #JAERE! 📢 "The Impact of Offshoring and Import Competition on Carbon Emissions" by Jonathan Leisner, Jakob Roland Munch @jrmunch.bsky.social, August Twile Nielsen, and Georg Schaur. 📎 Read it here: buff.ly/hrWxmVT 📈📉 #Econsky

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Reposted by Jakob Roland Munch

VoxEU @ CEPR @voxeu.org · 27/04/2026

While CEOs do receive higher pay when global conditions are favourable, David Hummels, @jrmunch.bsky.social, & Huilin Zhang find that boards reward the effort required to capitalise on those favourable conditions as well as to mitigate losses during negative shocks. cepr.org/voxeu/column... #EconSky

Figure shows the change in firm value (in 1000s of Danish krone) associated with demand shocks of various sizes, comparing a CEO with no experience to one with four years of experience. It then calculates the additional amount (1000s of Danish krone) that is paid to the experienced CEO relative to their inexperienced counterpart, incorporating both the experience premium and the change in firm value that is shared with these leaders. It also calculates a benefit to cost ratio of employing the more experienced CEO.

It is often claimed that executives reap rewards from favourable market tailwinds they did nothing to create. This column uses two decades of Danish data to argue that this ‘pay for luck’ critique requires more nuance. While CEOs do receive higher pay when global conditions are favourable, the authors find that boards reward the effort required to capitalise on those favourable conditions as well as to mitigate losses in the face of negative shocks. The findings suggest that globalisation doesn't just increase pay – it fundamentally changes why and how CEOs are compensated.

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Reposted by Jakob Roland Munch

Björn Thor Arnarson @bjorci.bsky.social · 15/08/2025

Submit your best papers in international trade to the NOITS conference. The conference is held at the @rockwoolfonden.dk in downtown Copenhagen and aranged in cooperation with the University of Copenhagen. @linnealorentzen.bsky.social @jrmunch.bsky.social See noits.org for details

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Reposted by Jakob Roland Munch

Carl-Johan Dalgaard @cjdalgaard.bsky.social · 04/03/2025

Klimatilpasning. Det haster med, at få styr på kystsikringen. Ikke mindst i en tid, hvor staten har nok at bruge penge på. Kronik i @politiken.dk. 👇 #dkpol #dkøko #dkbiz

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Jakob Roland Munch @jrmunch.bsky.social · 15/02/2025

Nyt om eksport i danske virksomheder Der er en (kausal) positiv effekt af eksportfremme på virksomhedernes eksportomsætning Vi viser også, at eksportomsætningsgevinsterne mere end dækker omkostningerne forbundet med eksport og eksportfremme... direct.mit.edu/rest/article...

direct.mit.edu

Do Export Support Programs Affect Prices, Quality, Markups, and Marginal Costs? Evidence From a Natural Policy Experiment

Abstract. Firms’ success in international markets depends on their product’s quality, prices, markups, and marginal cost. However, causally identified empirical evidence for the effect of trade polici...

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Reposted by Jakob Roland Munch

Joshua Goodman @joshua-goodman.com · 27/01/2025

This is an amazing paper. Physical injuries induce workers to pursue higher ed retraining --> they end up earning more than they were pre-injury. Bottom line: Not enough mid-career workers realize they should be re-skilling. (Feels a little like the Leavitt coin flip paper on status quo bias.)

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Reposted by Jakob Roland Munch

De Økonomiske Råds sekretariat @dorssekretariat.bsky.social · 10/12/2024

Tak for god debat på dagens møde i Det Miljøøkonomiske Råd. #dkgreen #dkklima #dkøko #dkpol Rådsmedlemmernes kommentarer til #vismænd's diskussionsoplæg kan læses her: dors.dk/vismandsrapp...

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Jakob Roland Munch @jrmunch.bsky.social · 21/11/2024

Reskilling moves injured workers from disability benefits to full-time employment. Reskilling subsidies pay for themselves four times over, and current rates of reskilling are substantially below the social optimum. Paper now conditionally accepted at AER 🎉 drive.google.com/file/d/1NnI9...

drive.google.com

changing_tracks_nov24.pdf

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