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作者：Mossay, Pascal; Tabuchi, Takatoshi
作者单位：University of Reading; University of London; University College London; University of Tokyo
摘要：We study market liberalisation under imperfect competition in the presence of price effects. For this purpose, we build a three-country model of international trade under monopolistic competition. The neighbouring effect translates how the size effect propagates across countries. When a country increases in size, its relative wage increases, as well as that in a small and nearby country, whereas that in a large and distant country falls. We also show that a preferential trade agreement increas...
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作者：Basu, Arnab K.; Chau, Nancy H.; Kanbur, Ravi
作者单位：Cornell University; Cornell University
摘要：We develop a search-theoretic model of contractual dualism in formal and informal labour markets. The model (i) provides the micro-underpinnings for endogenous determination of employer market power in the formal and informal sectors, (ii) offers a unified and coherent set-up whereby a host of salient features of developing country labour markets can be explained together and (iii) places for the first time the Stiglerian prescription of the optimal (unemployment minimising) minimum wage in th...
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作者：Han, Li; Li, Tao; Zhao, Yaohui
作者单位：Hong Kong University of Science & Technology; University of Macau; Peking University
摘要：Using a matching model, we show that marital sorting by status tends to decline as parental statuses become less complementary in determining their children's status. Our test explores a policy change in China in which men are granted the same rights as women in passing residency permits (hukou) to their children regardless of their spouse's hukou - a change resulting in a less complementary status inheritance technology. We find that this change disrupted the previously rigid sorting by hukou...
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作者：Almond, Douglas; Mazumder, Bhashkar; van Ewijk, Reyn
作者单位：Columbia University; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of Amsterdam
摘要：A large literature has linked the in utero environment to health in adulthood. We consider how prenatal nutrition may shape human capital acquisition in childhood, utilising the month-long Ramadan fast as a natural experiment. In student register data for Pakistani and Bangladeshi families in England, we examine whether Ramadan's overlap with pregnancy affects subsequent academic outcomes at age 7. We find that test scores are 0.05-0.08 standard deviations lower for students exposed to Ramadan...
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作者：Beine, Michel; Coulombe, Serge; Vermeulen, Wessel N.
作者单位：Leibniz Association; Ifo Institut; University of Ottawa; University of Oxford
摘要：This article evaluates whether immigration can mitigate the Dutch disease effects associated with booms in natural resource sectors. We derive predicted changes in the size of the non-tradable sector from a small general-equilibrium model a la Obstfeld-Rogoff. Using data for Canadian provinces, we find evidence that aggregate immigration mitigates the increase in the size of the non-tradable sector in booming regions. The mitigation effect is due mostly to interprovincial migration and tempora...
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作者：Caprice, Stephane; Rey, Patrick
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Centre for Economic Policy Research - UK
摘要：We consider a model of vertically related markets, in which an upstream firm faces a competitive fringe of less efficient suppliers and negotiates with customers that compete in a downstream market. We allow downstream firms to form a buyer group which selects suppliers on behalf of its members. We show that transforming individual listing decisions into a joint listing decision makes delisting less harmful for a group member, which in turn enhances the group members' bargaining position at th...
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作者：Hoermann, Markus; Schabert, Andreas
作者单位：University of Cologne
摘要：We augment a standard macroeconomic model to analyse the effects and limitations of balance sheet policies. We show that the central bank can stimulate real activity by changing the size or the composition of its balance sheet, when interest rate policy is ineffective. Specifically, the central bank can stabilise the economy by increasing money supply against eligible assets even when the policy rate is at the zero lower bound. By changing the composition of its balance sheet, it can affect in...
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作者：Choi, Sekyu; Janiak, Alexandre; Villena-Roldan, Benjamin
作者单位：Autonomous University of Barcelona; Barcelona School of Economics; Universidad de Chile
摘要：We estimate life-cycle transition probabilities among employment, unemployment and inactivity for US workers. We assess the importance of each worker flow to account for participation and unemployment rates over the life cycle. We find that inactivity exit and entry matter but the empirically relevant margins defy conventional wisdom: high youth unemployment is due to high employment exit probabilities, while low labour force entry probabilities substantially account for low participation and ...
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作者：Collins, J. Michael; Urban, Carly
作者单位：University of Wisconsin System; University of Wisconsin Madison; Montana State University System; Montana State University Bozeman
摘要：Scholars have studied the use of mediation - a third party to facilitate the settlement of a dispute - in a variety of settings. The theoretical literature asserts that mediated negotiation weakly dominates unmediated negotiation, increasing the flow of information between the principal and the agent. This study tests these predictions using a mandatory mediation policy for mortgage contracts in default. Difference-in-differences estimates from three metropolitan statistical areas before and a...
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作者：Egger, Peter; Merlo, Valeria; Ruf, Martin; Wamser, Georg
作者单位：University of Nottingham; Centre for Economic Policy Research - UK; University of Oxford; Eberhard Karls University of Tubingen; Leibniz Association; Ifo Institut; Leibniz Association; Ifo Institut; Eberhard Karls University of Tubingen
摘要：Until 2009, the UK operated a system of worldwide taxation. Under this system, taxation of foreign income was deferred until repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend payments and keeping earnings abroad. In 2009, the UK switched to a system under which all foreign-earned income is exempted from taxation. We evaluate the effects of this reform on foreign affiliates of UK multinationals. Using an identification ap...
