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  • Project contributors: Giulietti C, Wang C, Wahba J, Calvo-Pardo H, Papoutsaki D,

    This Project is part of the following research programme/s:

    Migration and Mobility

    Overview

    This research examines the effects of the current economic crisis on international migration, from both a theoretical and an empirical perspective. Interest lies in understanding how migrants fare relative to natives during/after a recession. Key questions include: (i) Are migrants more likely to experience unemployment compared to natives? (ii) What are the labour market implications for differential patterns of wealth accumulation within the country of destination? (iii) Do migrants rely more on personal networks during a recession relative to other times? If yes, why? (iv) Are migrants likely to accept jobs for which they are under-qualified during a recession?

    Focusing on the UK, the research team examines the effects of the recession on both labour market outcomes and wealth accumulation patterns across different migrant groups. Focusing on the role of social interactions and subjective income expectations, they are developing new methods in data science to exploit increasingly available big data to better measure economic uncertainty and understand its effect on immigration and in return migration. Through this, they aim to shed light on the extent to which income expectations differ from actual pay before, during and after a recession, and whether the decision to return could be determined by the gap between actual and expected earnings.

    Publications & Activities

    Informative Social Interactions
    20th journées Louis-André Gérard-Varet Conference (2021). (Marseilles (Virtual))
    Authors: Calvo-Pardo H,

    Informative Social Interactions
    SSRN (2020).
    Authors: Arrondel L, Calvo-Pardo H, Giannitsarou C, Haliassos M,

    Informative Social Interactions
    Centre for Economic Policy Research (2020).
    Authors: Arrondel L, Calvo-Pardo H, Giannitsarou C, Haliassos M,

    Informative social interactions
    Frankfurt am Main, Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability (2020).
    Authors: Arrondel L, Calvo-Pardo H, Giannitsarou C, Haliassos M,

    Immigrants' Wage Growth and Selective Out-Migration
    Oxford Bulletin of Economics & Statistics (2019). 81 (5) 1065-1094
    Authors: Bijwaard G, Wahba J,

    Informative Social Interactions
    , American Economic Association Meeting (2018). (Philadelphia Marriott)
    Authors: Calvo-Pardo H, Arrondel L, Giannitsarou C, Haliassos M,

    Informative social interactions
    Paris School of Economics Behaviour Seminar Series (2017). (Paris School of Economics)
    Authors: Calvo-Pardo H, Arrondel L, Giannitsarou C, Haliassos M,

    Informative social interactions
    10th Financial Risks Forum (2017). (Institut Louis Bachelier)
    Authors: Calvo-Pardo H, Arrondel L, Giannitsarou C, Haliassos M,

    Informative social interactions
    Royal Economic Society Conference 2017 (2017). (University of Bristol)
    Authors: Calvo-Pardo H, Arrondel L, Giannitsarou C, Haliassos M,

    Getting to know UK migrants better
    NIESR (National Institute of Economic and Social Research) invited talk (2016). (London)
    Authors: Calvo-Pardo H, Papoutsaki D, Wahba J,

    Interrelations between public policies; migration and development
    (2016).

    Subjective Return Expectations, Information and Stock Market Participation: Evidence from France
    Conference on Behavioral Aspects of Macroeconomics and Finance (2015). (House of Finance, Frankfurt am Main)
    Authors: Arrondel L, Calvo-Pardo H, Tas D,

    The problem with “immigration street”: debunking the myths
    ESRC Festival of Social Sciences 2015 (2015). (University of Southampton)
    Authors: Papoutsaki D,

    Welfare Magnet Hypothesis, Fiscal Burden, and Immigration Skill Selectivity
    The Scandinavian Journal of Economics (2015). 117 (2) 369-402
    Authors: Razin A, Wahba J,

    Subjective Return Expectations, Information and Stock Market Participation: Evidence from France
    Institut Louis Bachelier 7th Forum on “Big data in Finance and Insurance” (2014). (Paris)
    Authors: Arrondel L, Calvo-Pardo H, Tas D,

    Subjective Return Expectations, Information and Portfolio Choice
    Invited seminar at the University de les Illes Balears (2014). (Palma de Mallorca, Spain)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    Invited seminar at the University of Salerno (2014). (Salerno, Italy)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    GSE Summer Forum on “Learning in Macroeconomics and Finance” (2014). (Barcelona, Spain)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    2nd Southampton-Surrey Econometrics Workshop invited seminar (2014). (Southampton)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    LACEA-LAMES (2014). (Sao Paulo, Brazil)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    Invited seminar at the University of Luxembourg (2014). (Luxembourg)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    Invited seminar at the University of Naples Federico II (2014). (Naples)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Subjective Return Expectations, Information and Portfolio Choice
    Workshop on “Subjective Expectations and Probabilities” (2014). (University of Essex, Colchester)
    Authors: Arrondel L, Calvo-Pardo H, Oliver X,

    Media

    How much are UK migrants worth? - Hector Calvo-Pardo You tube. 2017
    Dr Hector Calvo-Pardo discusses the topic 'How much are UK migrants worth?', as part of the 'Tales of migration: citizenship, benefits and identity in Brexit Britain' project.

    LITTLE EVIDENCE FOR THE MADNESS OF CROWDS Our social interactions are informative of our investment decisions Royal Economic Society. 2017
    Blog post titled LITTLE EVIDENCE FOR THE MADNESS OF CROWDS Our social interactions are informative of our investment decisions, written by Hector Calvo-Pardo, posted on the Royal Economic Society website.