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作者：Cerrone, Claudia; Hermstruwer, Yoan; Kesten, Onur
作者单位：University of Zurich; City St Georges, University of London; University of Zurich; University of Sydney
摘要：Public school choice often yields student assignments that are neither fair nor efficient. The efficiency-adjusted deferred acceptance mechanism allows students to consent to waive priorities that have no effect on their assignments. A burgeoning recent literature places the efficiency-adjusted deferred acceptance mechanism at the centre of the trade-off between efficiency and fairness in school choice. Meanwhile, the Flemish Ministry of Education has taken the first steps to implement this al...
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作者：D'Amico, Stefania; Seida, Tim
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; Northwestern University
摘要：To analyse the evolution of the effects of quantitative easing and tightening across consecutive announcements, we focus on their unexpected component. Treasury yield sensitivities to quantitative tightening supply surprises are on average larger than sensitivities to quantitative easing surprises, implying that supply effects did not diminish during periods of market calm amid economic expansion. Yield sensitivities to later quantitative easing and tightening surprises do not fall monotonical...
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作者：Duran, Jorge; Licandro, Omar
作者单位：University of Leicester
摘要：This paper shows that, in a dynamic general equilibrium framework, the rate of output growth as measured by national income and product accounts reflects changes in welfare in the precise sense of equivalent variation. The main argument is straightforward. In a two-sector dynamic general equilibrium model of heterogeneous households, recursive preferences and quasi-concave technology, the Bellman equation provides a representation of household preferences over current consumption and investmen...
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作者：Clark, Andrew E.; Zhu, Rong
作者单位：Flinders University South Australia; Paris School of Economics; Centre National de la Recherche Scientifique (CNRS); Flinders University South Australia; IZA Institute Labor Economics
摘要：We use Australian panel data to examine the impact of retirement on individual locus of control, a socio-emotional skill with substantial explanatory power for a broad range of life outcomes. Exploiting the eligibility age for the Australian Age Pension, we find that retirement leads to increased internal locus of control. This greater internal control explains around one-third and one-fifth of the positive effects of retirement on health and subjective well-being, respectively. We also show t...
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作者：Guo, Naijia; Wang, Shuangxin; Zhang, Junsen
作者单位：University of Hong Kong; Jinan University; Zhejiang University
摘要：This study estimates the direct and spillover effects of a free education programme on educational outcomes in rural China. We find that, although the programme encourages more eligible children to attend secondary school, it also leads to a decrease in high school enrolment among ineligible girls with eligible siblings, as they are more likely to choose work instead. In the long run, males exposed to free education have more years of schooling than their non-exposed counterparts. However, suc...
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作者：Boucher, Stephen R.; Carter, Michael R.; Flatnes, Jon Einar; Lybbert, Travis J.; Malacarne, Jonathan G.; Mareyna, Paswel P.; Paul, Laura A.
作者单位：University of California System; University of California Davis; University of California System; University of California Davis; National Bureau of Economic Research; University of Cape Town; University of Maine System; University of Maine Orono; United States Department of Agriculture (USDA)
摘要：Using a multi-year, spatially diversified randomised controlled trial spanning two African countries, this paper explores whether a complementary bundle of genetic and financial technologies can boost the resilience and productivity of small-scale farmers. The analysis shows that both moderate droughts and more severe yield losses undermine the resilience of control-group households, and that these shocks have long-lasting effects as farmers invest and produce less following shocks. Severe yie...
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作者：Brodeur, Abel; Cook, Nikolai; Neisser, Carina
作者单位：University of Ottawa; Wilfrid Laurier University; University of Cologne; IZA Institute Labor Economics
摘要：This paper examines the relationship between p-hacking, publication bias and data-sharing policies. We collect 38,876 test statistics from 1,106 articles published in leading economic journals between 2002-20. We find that, while data-sharing policies increase the provision of data, they do not decrease the extent of p-hacking and publication bias. Similarly, articles that use hard-to-access administrative data or third-party surveys, as compared to those that use easier-to-access (e.g., autho...
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作者：Gregg, Amanda; Nafziger, Steven
作者单位：Middlebury College; Williams College
摘要：Enterprise creation, destruction and evolution support the transition to modern economic growth, yet these processes are poorly understood in industrialising contexts. We investigate Imperial Russia's industrial development at the firm level by examining entry, exit and persistence of corporations. Relying on newly developed balance sheet panel data from every non-financial Russian corporation (more than 2,500 of them) between 1899 and 1914, we examine the characteristics of entering and exiti...
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作者：Pavese, Caterina; Rubolino, Enrico
作者单位：Leibniz Association; Ifo Institut; University of Lausanne; University of Lausanne
摘要：This paper shows that austerity spending cuts harmed student performance in standardised national tests. To identify this relationship, we use cross-municipality variation in the timing of eligibility for the Italian Domestic Stability Pact as an exogenous shifter of local public spending. We then compare test scores for students that were from the same municipality, but who were exposed to different levels of austerity cuts based on their birth year. Combining administrative data on public sp...
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作者：Feng, Ying; Lagakos, David; Rauch, James E.
作者单位：National University of Singapore; Boston University; National Bureau of Economic Research; University of California System; University of California San Diego; Leibniz Association; Ifo Institut
摘要：We draw on household survey data from countries of all income levels and document that average unemployment rates increase with gross domestic product per capita. This is accounted for almost entirely by low-rather than high-educated workers. We interpret these facts in a model with frictional labour markets, a traditional self-employment sector, skill-biased productivity differences across countries, and unemployment benefits that become more generous with development. A calibrated version of...
