CESifo Network

Peter M. Morrow’s current primary line of research involves using Canadian linked Firm-Employee data to study the effects of trade on Canadian workers. In a 2024 article in the Review of Economic Studies, he and Brian Kovak (Carnegie Mellon) used linked firm-employee data to show that the 1989 Canada–U.S. Free Trade Agreement had little long-run effect on Canadian worker outcomes despite short-run job displacement.

During his time at CESifo, Mr. Morrow will be working on a project joint with Brian Kovak, Myeong Kim (Aarhus/Toronto), and Gaelan MacKenzie (Bank of Canada) that uses Canadian linked owner-employee data set to study how firms pass through demand shocks to firm payroll, profits, and intermediate input demand. He and his coauthors are particularly interested in how firm owners compensate themselves relative to how they compensate their workers in response to permanent import demand shocks.

Martin Hänsel is currently studying the interactions and trade-offs between climate change, biodiversity loss, and economic dynamics. For this purpose, he develops new versions of the Nobel Prize-winning Dynamic Integrated Climate Economy (DICE) model to study the explicit role of non-market environmental goods or natural capital as a factor of production for optimal climate policy. 

During his research stay at CESifo, he will present and discuss recent work in this area. More broadly, Martin Hänsel’s research focuses on the economic transformation towards sustainability, with a particular emphasis on the economics of climate change and the sustainable management and valuation of natural resources. Methodologically, his research encompasses economic theory , econometric analyses, and integrated assessment modeling. In addition to its disciplinary foundation, Martin Hänsel's research frequently relies on interdisciplinary and international collaborations.

In the face of increasing climate impacts, understanding the costs, effectiveness, and socio-economic implications of adaptation is more important than ever. Adaptation refers to adjustments to ecological, social, or economic systems in response to actual or expected climatic stimuli and their effects. It refers to changes in processes, practices, and structures to limit potential damage or take advantage of opportunities associated with climate change.