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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...
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作者：L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter
作者单位：Brandeis University; Williams College; Princeton University; Federal Reserve System - USA; Federal Reserve Bank - Cleveland
摘要：Big technological improvements in a new, secondary sector lead to a period of excitement about the future prospects of the overall economy, generating boom-bust dynamics propagating through credit markets. Increased future capital prices relax collateral constraints today, leading to a boom before the realisation of the shock. But reallocation of capital toward the secondary sector when the shock hits leads to a bust going forward. These cycles are perfectly foreseen in our model, making them ...
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作者：Le Pennec, Caroline
作者单位：Universite de Montreal; HEC Montreal
摘要：Politicians seeking to persuade voters may not always be able to say what they would like to say. Adopting policy positions opposite to that of their party or contradicting their previous policy announcements may be costly. I use computational text analysis on 30,000 candidate manifestos from two-round French elections to show that politicians take these costs into account, by toeing the party line and sticking to their platform, while also strategically adjusting their campaign communication ...
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作者：Fiva, Jon H.; King, Max-Emil M.
作者单位：BI Norwegian Business School; BI Norwegian Business School
摘要：Women tend to experience a substantial decline in their labour income after their first child is born, while men do not. Do such 'child penalties' also exist in the political arena? Using comprehensive administrative data from Norway, we find that women are less likely than men to secure elected office after their first child is born. The effects already manifest from the nomination stage, where mothers receive less favourable rankings on party lists relative to comparable fathers. This paper ...
