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作者：Bobba, Matteo; Flabbi, Luca; Levy, Santiago
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; IZA Institute Labor Economics; University of North Carolina; University of North Carolina Chapel Hill; Brookings Institution
摘要：We develop a search and matching model where jobs can be formal or informal. Workers choose schooling and search for jobs. Firms post vacancies in each schooling market and decide the job's formality status. Upon meeting, workers and firms bargain over wages. The equilibrium size of the informal sector is an endogenous function of labor market fundamentals and institutions. We estimate the model using labor force survey data from Mexico and exploiting the exogenous variation induced by a nonco...
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作者：Mancino, M. Antonella
作者单位：Wilfrid Laurier University
摘要：A large fraction of disadvantaged young individuals makes money from crime, and yet their labor market is usually studied ignoring the presence of the criminal sector. Consistent with the empirical evidence, I build a two-sector model of frictional labor search to study crime and employment outcomes jointly, and estimate it using a panel data set of young offenders. I use the model to illustrate sizable interactions between sectors, and show that, aiming at the same reduction in crime, policie...
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作者：Schlee, Edward E.; Khan, M. Ali
作者单位：Arizona State University; Arizona State University-Tempe; Johns Hopkins University
摘要：Once a popular tool to estimate welfare changes, the money metric of McKenzie-Samuelson gradually faded from use after welfare theorists and practitioners argued that it led to inegalitarian recommendations. We prove that, at a competitive equilibrium price, any associated competitive allocation maximizes the money-metric sum; and, as is well understood, competitive allocations can be egalitarian or inegalitarian. The result applies to economies in which individual demand is not rationalizable...
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作者：Yuksel, Sevgi
作者单位：University of California System; University of California Santa Barbara
摘要：When citizens are differentiated by how much they care about different issues informing policy, specialization allows them to concentrate their learning on the issues that are most important to them. However, as different citizens focus on different issues, the electorate becomes less responsive to party platforms. In particular, equilibrium policies polarize more in fractionalized societies in which there is greater disagreement about which issues matter the most. When the learning technology...
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作者：Khorunzhina, Natalia; Miller, Robert A.
作者单位：Copenhagen Business School; Carnegie Mellon University
摘要：We develop and estimate a dynamic model of female labor supply, fertility, and transition from renting to first homeownership with panel data, to investigate declining U.S. homeownership over the past decades. Higher house prices and increased female wage rates (that is the opportunity cost of leisure) cause households to postpone their first-home purchase, because leisure and fertility are complementary to homeownership. Education and female workforce participation are reinforcing factors tha...
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作者：Le Grand, Francois; Ragot, Xavier
作者单位：emlyon business school; Swiss Federal Institutes of Technology Domain; ETH Zurich; Institut d'Etudes Politiques Paris (Sciences Po); Centre National de la Recherche Scientifique (CNRS); Institut d'Etudes Politiques Paris (Sciences Po)
摘要：We present a truncation theory of idiosyncratic histories for heterogeneous-agent models. This method allows us to solve for optimal Ramsey policies in such models with aggregate shocks. The method can be applied to a large variety of settings, with occasionally binding credit constraints. We use this theory to characterize the optimal level of unemployment insurance over the business cycle in a production economy. We find that the optimal policy is countercyclical.
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作者：Chernoff, Alex; Craig, Andrea N.
作者单位：Bank of Canada; University of British Columbia
摘要：We estimate a residential sorting model using microdata to study an expansion of the Vancouver rapid transit network. Our results indicate that many aspects of household preferences were stable over time; however, preferences for transit access became more homogeneous with respect to income. Simulations show that these preference changes, along with endogenous housing appreciation and rising income levels in connected neighborhoods, result in larger benefits for higher-income households. This ...
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作者：Daly, Moira; Hryshko, Dmytro; Manovskii, Iourii
作者单位：Copenhagen Business School; University of Alberta; University of Pennsylvania
摘要：Empirically, earnings at the start or end of earnings spells are lower and more volatile than in the interior of earnings histories, reflecting mainly the effects of working less than the full year. Ignoring these properties leads to a mismeasurement of the permanent and transitory shock variances and induces the large and widely documented divergence in the estimates of those variances based on fitting the earnings moments in levels or growth rates. Accounting for these effects enables more a...
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作者：Breinlich, Holger; Leromain, Elsa; Novy, Dennis; Sampson, Thomas
作者单位：University of Surrey; Centre for Economic Policy Research - UK; Universite Catholique Louvain; University of Warwick; University of London; London School Economics & Political Science
摘要：This article studies how voting for Brexit affected living standards in the United Kingdom. Using heterogeneity in exposure to import costs across product groups, we analyze how the depreciation of sterling caused by the referendum affected consumer prices. We find that the Brexit depreciation led to higher inflation in product groups with greater import shares in consumer expenditure. Our results are consistent with complete pass-through of import costs to consumer prices and imply aggregate ...
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作者：Mandal, Pinaki; Roy, Souvik
作者单位：Indian Statistical Institute; Indian Statistical Institute Kolkata
摘要：We consider assignment problems where individuals are to be assigned at most one indivisible object and monetary transfers are not allowed. We provide a characterization of assignment rules that are Pareto efficient, nonbossy, and implementable in obviously strategy-proof (OSP) mechanisms. As corollaries of our result, we obtain a characterization of OSP-implementable fixed priority top trading cycles (FPTTC) rules, hierarchical exchange rules, and trading cycles rules. Troyan (International E...
