We study lobbying as a seller's ploy to affect the buyer's learning process about the value of a singular good that he wishes to procure. In particular, we argue that a lobbying seller strategically distorts "soft" rather than private information. Our innovation is to model this as the seller "jamming" the buyer's signal -- not just by shifting its mean, but -- by skewing (increasing the third moment of) its distribution. An unobserved marginal increase in lobbying effort expands demand, thus, unless too expensive, the seller always lobbies, no matter how suspicious the buyer is. Crucially, even when correctly anticipated (in equilibrium), lobbying increases the price elasticity of the buyer's demand. This leads to a lower equilibrium price and increased efficiency. In the (skew-)normal learning model, in equilibrium the seller gains, the buyer loses as a result of lobbying. Nonetheless, the information gleaned during the process keeps the buyer from refusing to engage in it.

This paper investigates whether adolescents’ core self-evaluation (CSE), a broad personality construct capturing individuals’ appraisal of their self-worth and capabilities, predicts interpersonal trust decades later. Using nationally representative longitudinal data from the 1970 British Cohort Study, we construct CSE measures from self-esteem, locus of control, and emotional stability at age 16 and examine their relationship with trust reported at ages 34, 42, 46, and 50. We find that higher adolescent CSE is consistently and positively associated with greater trust in others later in life. Each component of CSE independently predicts trust, and the composite index shows robust associations even after controlling for demographic background, cognitive skills, and early mental health. The estimated associations are comparable in magnitude to those between trust and cognitive ability. They are stable over time and are not explained by selection to the sample, educational attainment, labor market success, or family formation. Importantly, we find that the relative importance of CSE components varies by adolescent mental health: locus of control is more predictive among individuals with better mental health, while emotional stability plays a stronger role among those with elevated depressive symptoms. These findings underscore the long-term social relevance of core self-evaluation and highlight its importance as a psychological antecedent of trust.

How does foreign direct investment impact wages and the task content of jobs? Using linked employer-employee data from Hungary and an event study approach we show that FDI increases the returns to abstract tasks, while it does not affect the returns to routine and face-to-face tasks. This finding appears to be driven by skill-biased changes in technology, as acquired firms innovate more with their foreign partners, import more machines and improve product quality. These suggest that FDI-induced technological change is an important driver of growing inequality in developing countries.

This paper examines how foreign direct investment (FDI) influences the gender wage gap, using matched employer-employee data from Hungary between 2003 and 2017. I find that foreign-owned firms exhibit a 4 percentage points larger within-firm gender wage gap compared to domestic firms, even after accounting for worker- and firm-level selection. This gap persists even after foreign capital withdraws, suggesting a lasting structural imprint. Furthermore, the results highlight the role of cultural norms: subsidiaries of companies from countries with more favorable economic opportunities for women show significantly smaller gender disparities. Greater wage-setting flexibility is also associated with a wider gender wage gap, especially among new hires. Overall, the study demonstrates that foreign ownership not only affects wage structures through economic channels but also transmits cultural norms that shape gender inequality in the labor market.