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作者：Gibson, John; McKenzie, David
作者单位：The World Bank; University of Waikato
摘要：This article presents results of innovative surveys that tracked academic high achievers from five countries to wherever they moved in the world to directly measure at the micro level the channels through which high-skilled emigration affects sending countries. There are high levels of emigration and of return and the income gains to the best and brightest from migrating are an order of magnitude greater than any other effect. Most high-skilled migrants from poorer countries remit but involvem...
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作者：Dixon, Huw; Le Bihan, Herve
作者单位：Cardiff University; European Central Bank; Bank of France
摘要：The Generalised Calvo and the Generalised Taylor models of price and wage setting are, unlike the standard Calvo and Taylor counterparts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro area economy (France), we develop calibrated versions of these models. We assess the consequences for monetary policy transmission by embedding these calibrated models in a standard dynamic stochastic general equilibrium model. The Ge...
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作者：De Grip, Andries; Sauermann, Jan
作者单位：Maastricht University; Maastricht University Medical Centre (MUMC); IZA Institute Labor Economics
摘要：This article identifies the effects of work-related training on worker productivity by exploiting a field experiment that randomly assigns workers to treatment and control groups combined with data on worker performance before and after training. We find that participation in the training programme leads to a 10% increase in performance. Moreover, we provide experimental evidence for externalities from training: An increase of 10 percentage points in the share of treated peers improves a worke...
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作者：Beckert, Walter; Christensen, Mette; Collyer, Kate
作者单位：University of London; Birkbeck University London; University of Manchester
摘要：This article examines the choice of hospital for elective hip replacements amongst patients in England, using patient-episode level data from the Hospital Episodes Statistics records. The article is primarily methodological: we estimate a demand model that allows for heterogeneity across observed patient characteristics and demonstrate how to use this model to simulate the effect of mergers between hospitals. Our article contributes to the empirical literature on hospital choice and provides a...
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作者：van Rooij, Maarten C. J.; Lusardi, Annamaria; Alessie, Rob J. M.
作者单位：European Central Bank; De Nederlandsche Bank NV; University of Groningen; George Washington University
摘要：Relying on comprehensive measures of financial knowledge, we provide evidence of a strong positive association between financial literacy and net worth, even after controlling for many determinants of wealth. We discuss two channels through which financial literacy might facilitate wealth accumulation. First, financial knowledge increases the likelihood of investing in the stock market, allowing individuals to benefit from the equity premium. Second, financial literacy is positively related to...
