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作者：De Mel, Suresh; McKenzie, David; Woodruff, Christopher
作者单位：University of Warwick; University of Peradeniya; The World Bank
摘要：Using unique, panel data and a randomised experiment, we assess the effects of relief aid and access to capital on the recovery of Sri Lankan microenterprises following the December 2004 tsunami. Our results show that a lack of access to capital inhibits the recovery process; firms receiving randomly allocated grants recover profit levels almost 2 years before other damaged firms. Access to capital is particularly important for the retail sector; the role of capital in recovery for manufacturi...
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作者：Lavy, Victor; Paserman, M. Daniele; Schlosser, Analia
作者单位：National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); Boston University; University of Warwick; Centre for Economic Policy Research - UK; Tel Aviv University
摘要：We estimate the extent of ability peer effects and explore the mechanisms through which they operate. Using within-school variation in the proportion of low-ability students in Israeli schools, we find that the proportion of low-ability peers has a negative effect on the performance of regular students. An exploration of the underlying mechanisms show that, relative to regular students, low-ability students report higher levels of satisfaction with their teachers. However, a higher proportion ...
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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：Kirsanova, Tatiana; Wren-Lewis, Simon
作者单位：University of Exeter; University of Oxford
摘要：We examine the impact of different degrees of fiscal feedback on debt when monetary policy is determined optimally, rather than following a simple rule. We find the welfare maximising level of fiscal feedback to be small. We show for the first time a clear discontinuity in the behaviour of monetary policy and welfare either side of this optimal level. As fiscal feedback increases, optimal monetary policy becomes less active because fiscal feedback tends to deflate inflationary shocks. If fisca...
