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作者：Khan, Shafaat Yar; Khederlarian, Armen
作者单位：Syracuse University; City University of New York (CUNY) System; Hunter College (CUNY)
摘要：Sourcing internationally allows firms to access cheaper or better inputs but increases logistical costs, particularly through higher inventory holdings. This article examines the productivity gains from trade liberalizations accounting for inventory costs-typically omitted from revenue-based measures of productivity. In model simulations, we show that omitting these overestimates the effect of input tariffs on productivity and that controlling for inventories in the estimation of productivity ...
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作者：Ogawa, Toshiaki
摘要：I develop a general equilibrium model to explore heterogeneous bank liquidity management. Smaller banks, driven by stronger precautionary motives, tend to accumulate capital and liquidity buffers, rendering them less susceptible to liquidity risk than larger banks. Whereas negative productivity shocks affect all banks' loans similarly, liquidity shocks result in lending responses that vary by bank size. Mapping the model to panel data, I argue that initially, liquidity shocks were the primary ...
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作者：van den Berg, Gerard J.; Hofmann, Barbara; Stephan, Gesine; Uhlendorff, Arne
作者单位：University of Groningen; University of Erlangen Nuremberg; Institut Polytechnique de Paris; Ecole Polytechnique; ENSAE Paris; Centre National de la Recherche Scientifique (CNRS)
摘要：Integration agreements (IAs) are contracts between the employment agency and the unemployed, nudging the latter to comply with rules on search behavior. We designed and implemented a randomized controlled trial involving thousands of newly unemployed workers, randomizing at the individual level both the timing of the IA and whether it is announced in advance. Administrative records provide outcomes. Novel theoretical and methodological insights provide tools to detect anticipation and suggest ...
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作者：Barbera, Salvador; Berga, Dolors; Moreno, Bernardo; Nicolo, Antonio
作者单位：Autonomous University of Barcelona; Universitat de Girona; Universidad de Malaga; University of Padua; University of Manchester
摘要：We compare the consequences of imposing upon collective choice functions the classical requirement of Condorcet consistency with those arising when requiring the functions to satisfy the principle of pairwise justifiability. We show that, despite the different logic underlying these two requirements, they are equivalent when applied to anonymous and neutral rules defined over a class of domains. The class contains the universal, the single-peaked, and that of order restriction, among other pre...
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作者：Chen, Chaoran; Feng, Zhigang; Gu, Jiaying
作者单位：York University - Canada; University of Nebraska System; University of Nebraska Omaha; University of Toronto
摘要：This article identifies a health premium of insurance coverage: insured individuals are more likely to maintain good health or recover from poor health. We introduce this feature into a prototypical macrohealth model and estimate the baseline economy by matching the observed joint distribution of health insurance, health, and income over the life cycle. Quantitative analysis reveals that an individual's insurance status has a substantial and persistent impact on health. Providing universal hea...
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作者：Fehr, Hans; Hofmann, Maurice; Kudrna, George
作者单位：University of Wurzburg; Deutsche Bundesbank; University of New South Wales Sydney
摘要：The article studies the role of pensions and income taxes in determining homeownership. We develop a stochastic, overlapping generations model with tenure choice and heterogenous skill types calibrated to Germany. Then, we simulate alternative income tax and pension policy structures from the United States and Australia, since these developed nations have similar incomes per capita, but highly different homeownership rates. Our results highlight that the pension system and its financing have d...
