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作者：Moorthy, Vivek S.
作者单位：College of the Holy Cross
摘要：I study how agricultural technological change affects labour market opportunities and fertility in a developing country context. Exploiting plausibly exogenous variation in the adoption of genetically engineered soy across municipalities in Brazil, I show that this labour-saving technology reduced female agricultural earnings and employment without inducing any female sectoral reallocation. Furthermore, this technology adoption increased fertility due to increases in overall household earnings...
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作者：Basco, Sergi; Lopez-Rodriguez, David; Moral-Benito, Enrique
作者单位：University of Barcelona; Banco de Espana
摘要：This paper investigates the impact of local house price booms on capital misallocation within industries. Using the geographical variation provided by the Spanish housing boom (2003-7), we show that firms exposed to positive local house price shocks received more bank credit and their investment grew more when they had a higher proportion of real estate assets. This collateral channel results in an increasing dispersion of the capital-labour ratio within industries. A counterfactual calculatio...
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作者：Canova, Fabio
作者单位：BI Norwegian Business School; Centre for Economic Policy Research - UK
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作者：Dyrda, Sebastian; Pugsley, Benjamin
作者单位：University of Toronto; University of Notre Dame
摘要：Almost half of all private employment in the United States is within businesses that do not pay corporate income tax. Instead, business income passes through to the owners' individual income taxes. This pass-through share of employment has more than tripled since the early 1980s. Using comprehensive, confidential administrative data, this paper highlights five core findings underlying this growth: (1) the rise in pass-throughs is pervasive across industries and states; (2) the pass-through sha...
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作者：Loria, Francesca; Matthes, Christian; Zhang, Donghai
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; Indiana University System; Indiana University Bloomington; National University of Singapore
摘要：Real gross domestic product and industrial production in the United States display substantial asymmetry and tail risk. Is this asymmetry driven by a specific structural shock? Our empirical approach, based on quantile regressions and local projections, suggests otherwise. We find that the tenth percentile of predictive growth distributions responds between three and six times more than the median to monetary policy shocks, financial shocks, uncertainty shocks, and oil price shocks, indicating...
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作者：Jha, Saumitra; Shayo, Moses
作者单位：Stanford University; Stanford University; Hebrew University of Jerusalem; University of London; King's College London
摘要：Many studies document low rates of financial literacy and suboptimal levels of participation in financial markets. These issues are particularly acute among women. Does this reflect a self-reinforcing trap? If so, can a nudge to participate in financial markets generate knowledge, confidence and further increase informed participation? We conduct a large field experiment that enables and incentivises working-age men and women-a challenging group to reach with standard financial training progra...
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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：Theloudis, Alexandros; Velilla, Jorge; Chiappori, Pierre-Andre; Gimenez-Nadal, Jose Ignacio; Molina, Jose Alberto
作者单位：Tilburg University; University of Zaragoza; Columbia University
摘要：The extent to which individuals commit to their partner for life has important implications. This paper develops a life-cycle collective model of the household, through which it characterises behaviour in three prominent alternative types of commitment: full, limited and no commitment. We propose a test that distinguishes between all three types based on how contemporaneous and historical news affect household behaviour. Our test permits heterogeneity in the degree of commitment across househo...
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作者：Gerritsen, Aart; Jacobs, Bas; Spiritus, Kevin; Rusu, Alexandra, V
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Vrije Universiteit Amsterdam; Organisation for Economic Co-operation & Development (OECD)
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作者：Bietenbeck, Jan
作者单位：Lund University
摘要：I provide evidence of social spillovers of personality by showing that being in class with motivated peers affects educational success. I first document that academic motivation, a key aspect of personality in the context of education, predicts own achievement, classroom behaviour, the high school grade point average and college-test taking among elementary school students. Exploiting random assignment of students to classes, I then show that exposure to motivated classmates causally affects a...
