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作者：French, Eric; Manning, Alan
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of London; London School Economics & Political Science
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作者：Crino, Rosario; Epifani, Paolo
作者单位：University of Brescia
摘要：We find a robust negative correlation between Italian firms productivity and their export share to low-income destinations. To account for this surprising fact, we marry Verhoogen (2008) with Eaton (2011), by introducing firm heterogeneity in product quality and country heterogeneity in quality consumption in a framework featuring firm and market-specific shocks in entry costs and demand, and estimate the model's parameters structurally by the simulated method of moments. The estimated prefere...
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作者：Fiori, Giuseppe; Nicoletti, Giuseppe; Scarpetta, Stefano; Schiantarelli, Fabio
作者单位：Boston College
摘要：This article investigates the effect of product market liberalisation on employment allowing for interactions between policies and institutions in product and labour markets. Using panel data for OECD countries over the period 19802002, we present evidence that product market deregulation is more effective at the margin when labour market regulation is high. The data also suggest that product market liberalisation may promote employment-enhancing labour market reforms.
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作者：De Grip, Andries; Lindeboom, Maarten; Montizaan, Raymond
作者单位：Maastricht University; Tinbergen Institute; Vrije Universiteit Amsterdam; Maastricht University
摘要：This article assesses the impact of a dramatic reform of the Dutch pension system on the mental health of workers nearing retirement age. The reform means that public sector workers born on 1 January 1950 or later face a substantial reduction in their pension rights while, for workers born before 1950 nothing changes. We employ a unique-matched survey and administrative dataset comprising male public sector workers born in 1949 and 1950 and find a strong deterioration in mental health for work...
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作者：Ascari, Guido; Rossi, Lorenza
作者单位：University of Pavia
摘要：We compare the Calvo and Rotemberg price-setting mechanisms in a New Keynesian model with trend inflation. We show that: the long-run relationship between inflation and output is positive in Rotemberg and negative in Calvo; the dynamics of the two models differ even to a first-order approximation; positive trend inflation enlarges the determinacy region in the Rotemberg model, whereas it shrinks it in the Calvo model; the responses of output and inflation to technology shocks are amplified by ...
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作者：Fairlie, Robert W.; London, Rebecca A.
作者单位：University of California System; University of California Santa Cruz; Stanford University
摘要：There is no clear theoretical prediction regarding whether home computers are an important input in the educational production function. To investigate the hypothesis, we conduct a field experiment involving the random provision of free computers to low-income community college students for home use. Although estimates for a few measures are imprecise and cannot rule out zero effects, we find some evidence that the treatment group achieved better educational outcomes than the control group. Th...
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作者：Stuen, Eric T.; Mobarak, Ahmed Mushfiq; Maskus, Keith E.
作者单位：Yale University; University of Idaho; University of Colorado System; University of Colorado Boulder
摘要：We study the contribution of doctoral students to innovation at 2,300 American science and engineering departments from 1973 to 1998. Macroeconomic and policy shocks in source countries that differentially affect enrolments across fields and universities isolate exogenous variation in the supply of students. Both US and international students contribute significantly to the production of knowledge at scientific laboratories, and their contributions are statistically comparable, consistent with...
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作者：Wright, Jonathan H.
作者单位：Johns Hopkins University
摘要：This article uses a structural VAR with daily data to identify the effects of monetary policy shocks on various longer term interest rates since the federal funds rate has been stuck at the zero lower bound. The VAR is identified using the assumption that monetary policy shocks are heteroskedastic: monetary policy shocks have especially high variance on days of FOMC meetings and certain speeches, while there is otherwise nothing unusual about these days. A complementary high-frequency event-st...
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作者：Anderson, Michael; Magruder, Jeremy
作者单位：University of California System; University of California Berkeley
摘要：Internet review forums increasingly supplement expert opinion and social networks in informing consumers about product quality. However, limited empirical evidence links digital word-of-mouth to purchasing decisions. We implement a regression discontinuity design to estimate the effect of positive Yelp.com ratings on restaurant reservation availability. An extra half-star rating causes restaurants to sell out 19 percentage points (49%) more frequently, with larger impacts when alternate inform...
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作者：Kaplan, Todd R.; Ruffle, Bradley J.
作者单位：University of Exeter; University of Haifa; Ben-Gurion University of the Negev
摘要：We introduce a two-player, binary-choice game in which both players have a privately known incentive to enter, yet the combined surplus is highest if only one enters. Repetition of this game admits two distinct ways to cooperate: turn taking and cutoffs, which rely on the player's private value to entry. A series of experiments highlights the role of private information in determining which mode players adopt. If an individual's entry values vary little (e.g. mundane tasks), taking turns is li...
