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作者：Clark, Gregory; Cummins, Neil
作者单位：University of California System; University of California Davis; University of London; London School Economics & Political Science
摘要：This article uses a panel of 18,869 people with rare surnames whose wealth is observed at death in England and Wales 1858-2012 to measure the intergenerational elasticity of wealth over five generations. We show, using rare surnames to track families, that wealth is much more persistent than standard one generation estimates would suggest. There is still a significant correlation between the wealth of families five generations apart. We show that this finding can be reconciled with standard es...
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作者：Latham, Oliver
作者单位：University of Cambridge
摘要：Do media organisations turn on unpopular governments and, if so, why? I model a demand-side and supply-side explanation and derive testable implications that can be used to differentiate between them. I take these predictions to the data by examining whether British newspapers give more coverage to investigations into government members of parliament when the government is behind in the polls. Instrumenting for poll leads with plausibly-exogenous macroeconomic variables I find that a 1 SD incr...
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作者：Hu, Luojia; Schlosser, Analia
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; Tel Aviv University
摘要：We study the impacts of prenatal sex selection on girls' well-being in India. We show that high sex ratios at birth reflect the practice of prenatal sex selection and apply a triple difference strategy to examine whether changes in health outcomes of girls relative to boys within states and over time are systematically associated with changes in sex-ratios at birth. We find that an increase in prenatal sex selection leads to a reduction in girls' malnutrition, in particular, underweight and wa...
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作者：Caggiano, Giovanni; Castelnuovo, Efrem; Colombo, Valentina; Nodari, Gabriela
作者单位：University of Padua; University of Melbourne; University of Verona; University of New South Wales Sydney
摘要：We estimate non-linear VARs to assess to what extent fiscal spending multipliers are countercyclical in the US. We deal with the issue of non-fundamentalness due to fiscal foresight by appealing to sums of revisions of expectations of fiscal expenditures. This measure of anticipated fiscal shocks is shown to carry valuable information about future dynamics of public spending. Results based on generalised impulse responses suggest that fiscal spending multipliers in recessions are greater than ...
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作者：Attanasio, Orazio P.
作者单位：University of London; University College London; National Bureau of Economic Research
摘要：Ramsey, F.P. (1928). A mathematical theory of saving', Economic Journal, vol. 38(152), pp. 543-59.
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作者：Cohen, Wesley M.; Levinthal, Daniel A.
作者单位：Carnegie Mellon University
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作者：Stiglitz, Joseph E.
作者单位：Columbia University
摘要：Ramsey, F.P. (1927). A contribution to the theory of taxation', Economic Journal, vol. 37(145), pp. 47-61.
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作者：Rivkin, Steven G.; Schiman, Jeffrey C.
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Texas System; University of Texas Dallas; National Bureau of Economic Research
摘要：It seems likely the magnitude of any causal link between achievement and instruction time depends upon the quality of instruction, the classroom environment and the rate that students translate classroom time into added knowledge. In this article, we use panel data methods to investigate instruction time effects in the 2009 Programme for International Student Assessment data. The empirical analysis shows that achievement increases with instruction time and that the increase varies by both the ...
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作者：Boeri, Tito; De Philippis, Marta; Patacchini, Eleonora; Pellizzari, Michele
作者单位：Bocconi University; IZA Institute Labor Economics; Cornell University; IZA Institute Labor Economics; University of Geneva
摘要：We use a new data set on Italy and a novel identification strategy to analyse the relationship between migrants' employment status and the percentage of non-Italians living nearby. Our data contain information at the very local level and are representative of both legal and illegal migrants. Identification exploits the physical characteristics of local buildings as a source of exogenous variation in the incidence of migrants. We find that migrants residing in more immigrant-dense areas are les...
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作者：Mastrobuoni, Giovanni
作者单位：Collegio Carlo Alberto; University of Essex
摘要：This study uses declassified data on US mafia members of the 1950s and 1960s to estimate the criminal network effect on their economic status. I measure economic status exploiting detailed information about their place of residence. Housing values are reconstructed using current deflated transactions data. I deal with non-random sampling of mobsters modelling investigations on connections as Markov chains. Reverse causality between economic status and the gangster's position in the network is ...
