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作者：Danzer, Alexander M.
作者单位：University of Munich; Leibniz Institut fur Ost und Sudosteuropaforschung; IZA Institute Labor Economics; Leibniz Association; Ifo Institut
摘要：This study uses an unanticipated, exogenous doubling of the legal minimum pension in Ukraine as a unique quasi-experiment to evaluate the income effect on various aspects of labour supply among the elderly. In contrast to previous studies, the unusually simple pension eligibility rule allows estimating a pure causal income effect. Applying reduced form difference-in-differences and regression discontinuity as well as instrumental variable methods on two nationally representative data sets yiel...
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作者：Lepetyuk, Vadym; Stoltenberg, Christian A.
作者单位：Universitat d'Alacant; University of Amsterdam
摘要：We show that in the presence of idiosyncratic risk, the public revelation of information about risky aggregate outcomes such as policy choices can have a welfare-reducing effect. By announcing information on non-insurable aggregate risk, the policy maker distorts households' incentives for insurance of idiosyncratic risk and increases the riskiness of the optimal self-enforceable allocation. The negative effect of distorted insurance incentives can be quantitatively important for a monetary au...
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作者：Ejrnaes, Mette; Hochguertel, Stefan
作者单位：University of Copenhagen; Vrije Universiteit Amsterdam; Tinbergen Institute
摘要：Does insurance provision reduce entrepreneurs' effort to avoid business failure? We exploit unique features of the voluntary Danish unemployment insurance (UI) scheme, that is available to the self-employed. Using a large sample of self-employed individuals, we estimate the causal effect of insurance choice on the probability to become unemployed. Identification of the insurance choice comes from eligibility conditions for an early retirement plan, accessible only to UI members. We find that t...
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作者：Gibbons, Stephen; Silva, Olmo; Weinhardt, Felix
作者单位：University of London; London School Economics & Political Science
摘要：We use administrative data to estimate the effect of neighbourhood composition on teenagers' educational and behavioural outcomes in England. We exploit a unique research design based on changes over time in neighbourhood composition experienced by residentially immobile students, where these changes arise purely through residential migration among other students in our data set. The complete coverage of our data allows investigating heterogeneity and non-linearities in the effect of neighbour...
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作者：Attanasio, Orazio P.; Di Maro, Vincenzo; Vera-Hernandez, Marcos
作者单位：University of London; London School Economics & Political Science; University College London; The World Bank; University of London; University College London; London School Economics & Political Science
摘要：We use two different data sets and three different instruments to estimate the impact of a long-established pre-school nursery programme on children's nutritional status. We use variables related to cost (fee, distance to the nursery) and programme availability (capacity of the programme in the town) as instruments. One of our data sets is representative of very poor individuals living in rural areas of Colombia, while the other focuses in urban areas and includes individuals relatively less p...
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作者：Bauer, Thomas K.; Braun, Sebastian; Kvasnicka, Michael
作者单位：Ruhr University Bochum; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
摘要：The flight and expulsion of Germans from Eastern Europe after World War II constitutes one of the largest forced population movements in history. We analyse the economic integration of these migrants and their offspring in West Germany. A quarter century after displacement, first-generation migrants still tend to fare worse economically. Displaced agricultural workers, however, exhibit higher incomes than comparable natives, as displacement caused large-scale transitions out of low-paid agricu...
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作者：De Fiore, Fiorella; Tristani, Oreste
作者单位：European Central Bank
摘要：We study a simple extension of the basic new-Keynesian set-up in which we relax the assumption of frictionless financial markets: due to asymmetric information and default risk, bank lending rates incorporate a spread over the deposit rate. We demonstrate that financial frictions affect aggregate dynamics mainly through their impact on firms' financing costs, which increase in both the deposit rate and in the spread between lending and deposit rates. Welfare includes a concern for smoothing th...
