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作者：Maloney, William F.; Caicedo, Felipe Valencia
作者单位：The World Bank; The World Bank; Universidad de los Andes (Colombia); Pompeu Fabra University
摘要：Using newly collected subnational data, this article establishes the within-country persistence of economic activity in the New World over the last half millennium, a period including the trauma of European colonisation, the drastic reduction of native populations and the imposition of potentially growth inhibiting institutions. High pre-colonial density areas tend to be denser today due to locational fundamentals and agglomeration effects: colonialists established settlements near existing na...
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作者：Bjornland, Hilde C.; Thorsrud, Leif A.
作者单位：BI Norwegian Business School
摘要：Traditional studies of the Dutch disease do not account for productivity spillovers between the booming resource sector and other domestic sectors. We put forward a simple theory model that allows for such spillovers. We then identify and quantify these spillovers using a Bayesian dynamic factor model. The model allows for resource movements and spending effects through a large panel of variables, while also identifying disturbances to other shocks. Using Australia and Norway as representative...
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作者：Ketel, Nadine; Linde, Jona; Oosterbeek, Hessel; van der Klaauw, Bas
作者单位：Vrije Universiteit Amsterdam; Tinbergen Institute; University of Amsterdam
摘要：This article reports on a field experiment testing for sunk-cost effects in an education setting. Students signing up for extra-curricular tutorial sessions randomly received a discount on the tuition fee. The sunk-cost effect predicts that students who pay more will attend more tutorial sessions, with possibly beneficial effects on their performance. For our full sample, we find no support for this hypothesis, neither on attendance nor on performance. Results are consistent with a sunk-cost e...
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作者：Dalgaard, Carl-Johan; Strulik, Holger
作者单位：University of Copenhagen; University of Gottingen
摘要：We hypothesise that the timing of the fertility transition is an important determinant of comparative physiological development. In support, we provide a model of long-run growth that elucidates the links between population size, average body size and income during development. Industrialisation is shown to be accompanied by a reduction in family size and an intensification of nutrition per child. Early transition countries are therefore expected to be more developed today, economically and ph...
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作者：Porter, Maria; Adams, Abi
作者单位：Michigan State University; University of Oxford; University of London; London School Economics & Political Science
摘要：Understanding the motivations behind intergenerational transfers is an important and active research area in economics. The existence and responsiveness of familial transfers have consequences for the design of intra and intergenerational redistributive programmes, particularly as such programmes may crowd out private transfers amongst altruistic family members. Yet, despite theoretical and empirical advances in this area, significant gaps in our knowledge remain. In this article, we advance t...
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作者：Nenov, Plamen T.; Larsen, Erling Roed; Sommervoll, Dag Einar
作者单位：BI Norwegian Business School; Norwegian University of Life Sciences
摘要：This article uses cross-sectional variation in transaction seasonality and a search-theoretic framework to develop a test for thick-market effects from matching efficiency. The test relates the extent of transaction seasonality to the degree of horizontal housing heterogeneity. We find a strong positive association between measures of seasonality and housing heterogeneity using a transaction level dataset for Norway, which is consistent with the presence of thick-market effects. These results ...
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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.
