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作者：Michaeli, Moti; Casari, Marco; Ichino, Andrea; De Paola, Maria; Marandola, Ginevra; Scoppa, Vincenzo
作者单位：University of Haifa; University of Bologna; IZA Institute Labor Economics; European University Institute; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Calabria
摘要：Migration may cause, not only a brain drain, but also a 'civicness' drain, leading to a poverty trap. Using migration choices of southern Italian high-school students classified as civic if not cheating in a modified die-roll experiment, we uncover a key role of local civicness (average civicness in the class): a civicness drain is observed only at high and low local civicness. We rationalise this pattern with a model in which civic and uncivic types balance hope versus fear of migration outco...
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作者：Draca, Mirko; Garred, Jason; Stickland, Leanne; Warrinnier, Nele
作者单位：University of Warwick; University of Ottawa; University of London; Queen Mary University London
摘要：How successful are sanctions at targeting the economic interests of political elites in affected countries? We study the case of Iran, using information on the stock exchange-listed assets of two specific political entities with significant influence over the direction of Iran's nuclear programme. Our identification strategy focuses on the process of negotiations for sanctions removal, examining which interests benefit most from news about diplomatic progress. The results indicate the 'bluntne...
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作者：Comola, Margherita; Prina, Silvia
作者单位：Universite Paris Saclay; Paris School of Economics; Northeastern University
摘要：This paper studies how formal financial access affects network-based financial arrangements. We use a field experiment that granted access to a savings account to a random subset of households in 19 Nepalese villages. Exploiting a unique panel dataset that follows all bilateral informal financial transactions before and after the intervention, we show that households that were offered access to an account increased their loans and total transfers to others, independent of the treatment status ...
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作者：Ferreira, Daniel; Nikolowa, Radoslawa
作者单位：University of London; London School Economics & Political Science; University of London; Queen Mary University London
摘要：We develop a model of the market for knowledge workers in which talent is discovered on the job. In the model, asymmetric information and firm-specific human capital combine to generate several predictions relating firm heterogeneity to talent discovery and poaching. We show that high-quality (i.e., large and high-productivity) firms are more likely to become talent poachers, while lower-quality firms are more likely to invest in talent discovery. Job-to-job flows are adversely selected, which...
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作者：Grazzini, Jakob; Rossi, Lorenza
作者单位：University of Pavia; Lancaster University
摘要：This paper considers a two-sector real business cycle model augmented with firm heterogeneity and firm dynamics, and studies the steady state and dynamic properties of the model in response to a decline in the relative price of investment. It shows that both firm heterogeneity and entry play a crucial role in the decline in the labour share and the increase in capital intensity observed in the US economy. Using ORBIS firm-level data of the US economy, the paper finds robust evidence consistent...
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作者：Ajzenman, Nicolas; Durante, Ruben
作者单位：Getulio Vargas Foundation; IZA Institute Labor Economics; Pompeu Fabra University; ICREA; Barcelona School of Economics; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut
摘要：Can seemingly unimportant factors influence voting decisions by making certain issues salient? We study this in the context of Argentina's 2015 presidential elections by examining how the infrastructure quality of the school where citizens voted influenced their choice. Exploiting the quasi-random assignment of voters to ballot stations in public schools in Buenos Aires, we show that individuals assigned to poorer infrastructure schools were less likely to vote for Mauricio Macri, the incumben...
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作者：Cerina, Fabio; Dienesch, Elisa; Moro, Alessio; Rendall, Michelle
作者单位：University of Cagliari; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Monash University; Centre for Economic Policy Research - UK
摘要：We document the emergence of spatial polarisation in the United States during the 1980-2008 period. This phenomenon is characterised by stronger employment polarisation in larger cities, both at the occupational and the worker levels. We quantitatively evaluate the role of technology in generating these patterns by constructing and calibrating a spatial equilibrium model. We find that faster skill-biased technological change in larger cities can account for a substantial fraction of spatial po...
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作者：Chen, Ting; Han, Li; Kung, James; Xie, Jiaxin
作者单位：Hong Kong Baptist University; Hong Kong University of Science & Technology; University of Hong Kong; Jinan University
摘要：By matching data on land transactions in China's primary land market with detailed curricula vitae of board directors in publicly listed firms, we identify a pattern of 'revolving-door' exchanges between local officials and firms. The officials discounted the price of land that they sold to the said firms, and were subsequently rewarded with board appointments upon retirement. Specifically, these 'client officials' are three times as likely to be recruited by the 'patron firms' as board direct...
