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作者：Boskovic, Branko; Kapoor, Sacha; Markiewicz, Agnieszka; Scholnick, Barry
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute; University of Alberta; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：Add ons are features or services that can enhance the functionality or quality of base goods. They are pervasive. Yet we know little about the behavior of add-on prices over the business cycle. We use 10 years of data from a nationwide Canadian retailer to investigate the local cyclicality of extended warranty prices, a classic add on. We find base prices are acyclical. Warranty prices are procyclical because local stores use warranties to make demand for durable goods less price-elastic. We s...
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作者：Lee, Siha
作者单位：Hankuk University Foreign Studies; Hankuk University Foreign Studies
摘要：This article evaluates the insurance value of the Social Security Disability Insurance (SSDI) program among married households when wives face a trade-off between market hours and spousal care following their husbands' disability. Event study analyses show that wives' labor supply responses to their husbands' disability are small, and instead, a considerable amount of time is spent in spousal care. Using a dynamic structural model, I find that incorporating time loss due to spousal care increa...
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作者：Liang, Wenquan; Song, Ran; Timmins, Christopher
作者单位：Jinan University; National University of Singapore; University of Wisconsin System; University of Wisconsin Madison; National Bureau of Economic Research
摘要：Using an equilibrium sorting model and microdata from China, we evaluate the impacts of dual constraints on mobility and housing supply on workers' sorting behavior, quantifying the welfare and distributional consequences. Counterfactual simulations show that lowering migration costs associated with institutional restrictions and migrant-specific amenities would increase welfare and reduce inequality by moving workers from inland to coastal regions in China. These impacts depend on the housing...
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作者：Miescu, Mirela S.; Mumtaz, Haroon
作者单位：Lancaster University; University of London; Queen Mary University London
摘要：Are corporate earnings (CE) announcements important for economic activity? We address this question using a novel identification method that combines the valuable information from CE announcements with the heteroscedasticity of shocks experienced on these particular days. Our results demonstrate that CE announcements have a significant impact on the macroeconomy, exhibiting dynamics similar to traditional financial disruptions. We establish that CE announcements' shocks can be classified as fi...
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作者：Gong, Grace Xun; Wright, Randall
作者单位：Zhejiang University
摘要：We study endogenous intermediation activity, the implied transaction pattern-direct trade, indirect trade, or both-and implications for efficiency. Related papers have agents exchanging indivisible goods or assets, capturing only extensive margins (trade frequency). To capture intensive margins, we incorporate divisibility representing quantity or quality. We characterize equilibrium, show how it depends on bargaining powers and costs, and how intensive margins matter-for example, middlemen wi...
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作者：Martinez, Tomas R.; Mello, Ursula
作者单位：Insper; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); IZA Institute Labor Economics
摘要：This article investigates the relationship between international trade and asymmetrical labor income risk. Using the case study of Brazil, we inspect how an increase in import penetration following the China shock impacted the distribution of idiosyncratic earnings changes across the country's local labor markets. We find that an increase in import penetration leads to a more dispersed and negatively skewed distribution. These effects can be explained by an increase in the volatility of hours ...
