By the end of 1938, more than two-thirds of the Jewish community was still located in Germany. In this paper we estimate the push and pull factors involved in the outmigration of Jews facing persecution in Nazi Germany from 1933 to 1942. We build a structural model of migration under uncertainty on the life threat and then we perform counterfactual policy experiments in order to quantify how migration restrictions in destination countries affected the fate of Jews. Our analysis particularly highlights the role of social learning and information spillovers by assessing how migration outflows within social networks provided a signal of the severity of the threat to the peers. The empirical investigation makes use of a unique dataset that records the migration history of almost the entire universe of Jews living in Germany over the period.
This seminar was originally published in Novafrica.org.
NOVAFRICA is a knowledge center created by the Nova School of Business and Economics of the Universidade Nova de Lisboa in 2011. Its mission is to produce expertise with an impact on business and economic development in Africa. A particular focus is on Portuguese-speaking Africa, i.e., Angola, Cape Verde, Guinea-Bissau, Mozambique, and Sao Tome and Principe.
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The e-book "Perspectives on the ECB's monetary policy strategy review" published in late June 2021 by the Banco de Portugal laid down most of the arguments underlying this comprehensive review. Our Alumnus, Nuno Lourenço, contributed with a co-created Section on climate change.
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As it is noticeable, we have just entered a downturn cycle in the economy. The uncertainty on the markets, the general panic, sudden decrease in consumption,production, and investment are primary presages of dark economic times, and it is up to all of us to prepare for the upcoming storm. The next months won’t be easy, and irreversible economic losses have already contributed to an impending feasible collapse in the global economy.
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"Optimal Assignment of Bureaucrats: Evidence DRC", with Jonathan Weigel, University of California
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