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作者：Burdin, Gabriel
作者单位：Universidad de la Republica, Uruguay; University of Siena
摘要：Does workplace democracy engender greater pay equality? Are high-ability individuals more likely to quit egalitarian organisational regimes? The article revisits this long-standing issue by analysing the interplay between compensation structure and quit behaviour in the distinct yet underexplored institutional setting of worker-managed firms. The analysis is based on novel administrative data sources, which allow constructing a simple ordinal measure of the workers' ability type. The article's...
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作者：Bleaney, Michael; Mizen, Paul; Veleanu, Veronica
作者单位：University of Nottingham; University of Surrey
摘要：We provide new insights into the relationship between financial market tightness and real activity, using a new database of corporate bonds issued in eight European countries. Bond spreads have a significant negative relationship with four real activity variables at horizons 1-8 quarters ahead. The relationship is robust to adding measures of monetary policy tightness and leading indicators, providing strong support for models previously only evaluated on US data. A subset of northern European...
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作者：Drzensky, Frank; Heinz, Matthias
作者单位：University of Cologne; Goethe University Frankfurt
摘要：We analyse whether a principal's decision to lay off an agent affects the performance of the surviving agents in a laboratory experiment. We find that agents reduce their performance by 43% as a response to the lay-off decision. Heterogeneity in principals' decisions can largely be explained by different beliefs about how agents react to lay-offs.
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作者：Fort, Margherita; Schneeweis, Nicole; Winter-Ebmer, Rudolf
作者单位：University of Bologna; Johannes Kepler University Linz
摘要：We study the relationship between education and fertility, exploiting compulsory schooling reforms in England and Continental Europe, implemented between 1936 and 1975. We assess the causal effect of education on the number of biological children and the incidence of childlessness. While we find a negative relationship between education and fertility in England, this result cannot be confirmed for Continental Europe. The additional education generated by schooling expansions on the Continent d...
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作者：Bigoni, Maria; Bortolotti, Stefania; Casari, Marco; Gambetta, Diego; Pancotto, Francesca
作者单位：University of Bologna; University of Cologne; European University Institute; University of Oxford; Universita di Modena e Reggio Emilia
摘要：We present the first laboratory-in-the field experiment on the Italian North-South divide. Using a representative sample of the population, we measure whether regional disparities in ability to cooperate emerge even if differences in geography, institutions and criminal intrusion are silenced. We report that a behavioural gap in cooperation exists: Northern and Southern citizens react differently to the same incentives. Moreover, this gap cannot be accounted for by tolerance for risk, proxies ...
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作者：Aragon, Fernando M.; Rud, Juan Pablo
作者单位：University of London; Royal Holloway University London; Simon Fraser University
摘要：We examine how modern, polluting industries can affect agricultural productivity. The focus is on large-scale gold mining in Ghana, which is capital-intensive, releases environmental pollutants and is located near agricultural areas. Guided by a consumer-producer household framework, we estimate an agricultural production function and find that farmers located near mines experienced a relative reduction in total factor productivity of almost 40% between 1997 and 2005. We examine alternative me...
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作者：Arceo, Eva; Hanna, Rema; Oliva, Paulina
作者单位：Harvard University; Centro de Investigacion y Docencia Economicas A.C. (CIDE); National Bureau of Economic Research; University of California System; University of California Santa Barbara
摘要：Much of what we know about the marginal effect of pollution on infant mortality is derived from developed country data. However, given the lower levels of air pollution in developed countries, these estimates may not be externally valid to the developing country context if there is a non-linear dose relationship between pollution and mortality or if the costs of avoidance behaviour differ considerably between the two contexts. In this article, we estimate the relationship between pollution and...
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作者：Gould, Eric D.; Klor, Esteban F.
作者单位：Hebrew University of Jerusalem; IZA Institute Labor Economics; Centre for Economic Policy Research - UK
摘要：This article investigates whether the 9/11 attacks affected the assimilation rate of Muslims in the US. Terror attacks by Islamic groups are likely to induce a backlash against Muslims, thereby raising their costs of assimilation. We find that Muslim immigrants living in states with the sharpest increase in hate crimes also exhibit: greater chances of marrying within their own ethnic group; higher fertility; lower female labour force participation; and lower English proficiency. These findings...
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作者：Adhvaryu, Achyuta; Nyshadham, Anant
作者单位：University of Southern California
摘要：Do parents invest more in higher quality children, or do they compensate for lower quality by giving more to children with lower endowments? We answer this question in the context of a large-scale iodine supplementation programme in Tanzania. We find that children with higher programme exposure were more likely to receive necessary vaccines and were breastfed for longer. Siblings of treated children were also more likely to be immunised. Fertility behaviour and investments at the time of birth...
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作者：Bean, Charles
作者单位：University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK
摘要：I review the causes and some of the consequences of the recent decline in global real interest rates. Causes include: a higher propensity to save associated with a rise in the population share of the high-saving middle-aged; a weaker propensity to invest since the 2007-8 financial crisis; and portfolio shifts towards safer assets. Consequences include: an increased likelihood that policy rates are constrained by the zero lower bound, necessitating greater reliance on unconventional monetary po...
