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作者：Bertoletti, Paolo; Etro, Federico
作者单位：University of Pavia; Universita Ca Foscari Venezia
摘要：We analyse monopolistic competition when consumers have an indirect utility that is additively separable. This leads to markups depending on income (both in the short and long run) but not on the market size, which generates pricing to market, incomplete pass-through and pure gains from variety for countries that open up to trade. Firms' heterogeneity a la Melitz implies a Darwinian effect of consumers' spending on business creation and a Linderian effect on (endogenous) quality provision. We ...
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作者：Fevang, Elisabeth; Hardoy, Ines; Roed, Knut
摘要：We investigate the impacts of economic incentives on the duration and outcome of temporary disability insurance (TDI) spells. The analysis is based on a large quasi-experiment taking place in Norway, involving a complete overhaul of the TDI benefit system. Our findings show that the labour supply of TDI claimants does respond to both the benefit level and the level of local labour demand. The estimated elasticity of the transition rate to employment with respect to the benefit level is -0.33. ...
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作者：Save-Soderbergh, Jenny; Lindquist, Gabriella Sjogren
作者单位：Stockholm University
摘要：Using unique panel data, we compare the cognitive performance and wagering behaviour of children (10-11 years) with that of adults playing the Swedish version of the TV shows Jeopardy and Junior Jeopardy. Although facing the same well known high-stakes game, and controlling for performance differences, there is no gender gap in risk taking between girls and boys in contrast to adults; while girls assume more risk than women, boys assume less risk than men. We also find that female behaviour is...
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作者：Dustmann, Christian; Puhani, Patrick A.; Schoenberg, Uta
作者单位：University of London; University College London; Leibniz University Hannover; University of St Gallen; IZA Institute Labor Economics
摘要：We investigate the effects of attending a more advanced track in middle school on long-term education and labour market outcomes for Germany, a country with a rigorous early-age tracking system, where the risk of misallocating students is particularly high. Our research design exploits quasi-random shifts between tracks induced by date of birth, and speaks to the long-term effects of early track attendance for a group of marginal students most at risk of misallocation. Remarkably, we find no e...
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作者：Evren, Ozgur; Minardi, Stefania
作者单位：New Economic School; Hautes Etudes Commerciales (HEC) Paris
摘要：Warm-glow refers to prosocial behaviour that causes the actor to experience positive feelings, apart from its social implications. We study an individual who enjoys taking a prosocial action that incurs a private cost because such actions improve his social image. A private cost obtains only in the presence of a more selfish option, implying a preference for freedom to behave selfishly. We provide behavioural foundations for this model by building upon the experimental findings on motivation c...
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作者：Santos, Carlos Daniel
作者单位：Universidade Nova de Lisboa
摘要：International trade can create conditions for technological innovation and productivity growth. The mechanism linking trade and innovation is simple. By increasing access to foreign markets, trade allows the best firms to exploit the economies of scale in R&D. The potential to steal market share increases as product differentiation decreases. To measure the empirical importance of this mechanism, I set up and estimate a dynamic equilibrium model with endogenous size and productivity decisions....
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作者：Ben Zeev, Nadav; Pappa, Evi
作者单位：Ben-Gurion University of the Negev; European University Institute
摘要：We identify news shocks to US defence spending as the shocks that best explain future movements in defence spending over a five-year horizon and are orthogonal to current defence spending. Our identified shocks, though correlated with the Ramey (2011) news shocks, explain a larger share of macroeconomic fluctuations and produce significant demand effects. News about increases in defence spending induces significant and persistent increases in output, hours worked, inflation and the interest ra...
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作者：Bonhomme, Stephane; Hospido, Laura
作者单位：Banco de Espana; University of Chicago; IZA Institute Labor Economics
摘要：We use detailed information from social security records to document the evolution of male earnings inequality and employment in Spain from 1988 to 2010. We find that inequality was strongly countercyclical: it increased around the 1993 recession, experienced a substantial decrease during the 1997-2007 expansion and then a sharp increase during the recent recession. This evolution went in parallel with the cyclicality of employment in the lower middle part of the wage distribution. Our finding...
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作者：de Haan, Thomas; Offerman, Theo; Sloof, Randolph
作者单位：Norwegian School of Economics (NHH); University of Amsterdam
摘要：In an experiment we identify a crucial factor that determines whether employers engage in statistical discrimination of ex ante equal groups. In the standard no-competition setup of Coate and Loury (1993), we do not find systematic evidence for statistical discrimination. When we introduce competition between workers of different groups for the same job, the non-discrimination equilibrium ceases to be stable. In line with this theoretical observation, we find systematic discrimination in the e...
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作者：Peijnenburg, Kim; Nijman, Theo; Werker, Bas J. M.
作者单位：Bocconi University
摘要：We find that health cost risk lowers optimal annuity demand at retirement. If medical expenses can be sizeable early in retirement, full annuitisation at retirement is no longer optimal because agents do not have enough time to build a liquid wealth buffer. Furthermore, large deviations from optimal annuitisation levels lead to small utility differences. Our results suggest that health cost risk can explain a large proportion of empirically observed annuity choices. Finally, allowing additiona...
