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作者：Pinter, Gabor
作者单位：Bank of England
摘要：This article studies the strong co-movement between house prices and job losses over the UK business cycle. An aggregate SVAR and a regional proxy SVAR model are used to provide empirical evidence on the effect of house prices on labour markets. To explain the mechanism, a general equilibrium model with collateral constraints, endogenous job separation and housing shocks is estimated via Bayesian methods. I find that shocks to housing demand: (i) explain about 10-20% of output fluctuations and...
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作者：Afzal, Uzma; d'Adda, Giovanna; Fafchamps, Marcel; Quinn, Simon; Said, Farah
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作者：Albornoz, Facundo; Cabrales, Antonio; Hauk, Esther
作者单位：University of Nottingham; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE)
摘要：We study a model that integrates productive and socialising efforts with occupational choice, and endogenous spillovers. We show that more talented individuals work harder and contribute more to externalities, but also have incentives to segregate. Average socialising increases the productivity of the occupation. The size of an occupation grows with its synergies. Individuals underinvest in productive and socialising effort, and sort themselves inefficiently into occupations. We derive the opt...
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作者：Cettolin, Elena; Suetens, Sigrid
作者单位：Tilburg University
摘要：We conducted an experiment with a representative sample of the Dutch population to study whether trustworthiness depends on the ethnicity of the interaction partner. Native Dutch trustees play with an anonymous trustor, who is either another native Dutch or a non-Western immigrant. We find that trustees reciprocate trust up to 12% less if the trustor is a non-Western immigrant than if he/she is native Dutch. This percentage increases up to 23% for trustees who report disliking ethnic diversity...
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作者：Gersbach, Hans; Schetter, Ulrich; Schneider, Maik T.
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; University of St Gallen; University of Bath
摘要：We explore optimal and politically feasible growth policies consisting of basic research investments and taxation. We show that the impact of basic research on the general economy rationalises a taxation pecking order with high labour taxes and low profit taxes. This scheme induces a significant proportion of agents to become entrepreneurs, thereby rationalising substantial investments in basic research fostering their innovation prospects. These entrepreneurial economies, however, may make a ...
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作者：Anwar, Shamena; Bayer, Patrick; Hjalmarsson, Randi
作者单位：RAND Corporation; Duke University; National Bureau of Economic Research; University of Gothenburg; Center for Economic & Policy Research (CEPR)
摘要：This article uses an original data set of more than 3,000 cases from 1918 to 1926 in the Central Criminal Courts of London to study the effect of the Sex Disqualification (Removal) Act of 1919. Implemented in 1921, this Act made women eligible to serve on English juries. Results based on a pre-post research design imply that the inclusion of women had little effect on overall conviction rates but significantly impacted conviction rates on particularly female salient cases: sex offences, violen...
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作者：Bai, Jie; Jayachandran, Seema; Malesky, Edmund J.; Olken, Benjamin A.
作者单位：Harvard University; Northwestern University; Duke University; Massachusetts Institute of Technology (MIT)
摘要：This article tests whether firm growth reduces corruption, using data from over 10,000 Vietnamese firms. We employ instrumental variables based on growth in a firm's industry in other provinces within Vietnam and in China. We find that firm growth reduces bribes as a share of revenues. We propose a mechanism for this effect whereby government officials' decisions about bribes are modulated by inter-jurisdictional competition. This mechanism also implies that growth reduces bribery more for mor...
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作者：Iacopetta, Maurizio; Minetti, Raoul; Peretto, Pietro F.
作者单位：Universite Cote d'Azur; SKEMA Business School; Michigan State University; Duke University
摘要：This article introduces corporate governance frictions into a growth model with endogenous market structure. Managers engage in corporate resource diversion and empire building. Shareholders discipline managers with incentive compensation contracts. A reform that mitigates corporate governance frictions boosts firms' entry and, for a given market structure, has an ambiguous impact on incumbents' return to product improvement. However, as the market structure adjusts, becoming more diffuse, inc...
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作者：Anelli, Massimo; Peri, Giovanni
作者单位：Bocconi University; University of California System; University of California Davis
摘要：Using a newly constructed longitudinal data set of 30,000 Italian individuals, we analyse whether the gender composition of peers in high school affected their choice of college major and labour market outcomes. To identify causation, we exploit random assignment of classmates within school-cohort. We generally do not find significant effects of peer gender on college choice and following outcomes. Only male students graduating from classes with a very large majority of male peers were more li...
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作者：Cameron, Lisa; Meng, Xin; Zhang, Dandan
作者单位：University of Melbourne; Australian National University; Peking University
摘要：This article uses survey and experimental data from prison inmates and comparable non-inmates to examine the drivers of rising criminality in China. We find that China's high sex ratios are associated with greater risk-taking, greater impatience and greater neuroticism amongst males. These underlying behavioural impacts explain some part of the increase in criminality. The primary avenue through which the sex ratio increases crime, however, is the direct pressure on men to appear financially a...
