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作者：Frankenberg, Elizabeth; Gillespie, Thomas; Preston, Samuel; Sikoki, Bondan; Thomas, Duncan
作者单位：Duke University; University of California System; University of California Los Angeles; University of Pennsylvania
摘要：Over 130,000 people died in the 2004 Indian Ocean tsunami. The correlates of survival are examined using data from the Study of the Tsunami Aftermath and Recovery (STAR), a population-representative survey collected in Aceh and North Sumatra, Indonesia, before and after the tsunami. Children, older adults and females were the least likely to survive. Whereas socio-economic factors mattered relatively little, the evidence is consistent with physical strength playing a role. Pre-tsunami househol...
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作者：Liski, Matti; Montero, Juan-Pablo
作者单位：Aalto University; Pontificia Universidad Catolica de Chile
摘要：Motivated by the structure of existing pollution permit markets, we study the equilibrium path that results from allocating an initial stock of storable permits to an agent, or a group of agents, in a position to exercise market power. A large seller of permits exercises market power no differently than a large supplier of an exhaustible resource. However, whenever the large agent's endowment falls short of his efficient endowment - allocation profile that would exactly cover his emissions alo...
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作者：Milanovic, Branko; Lindert, Peter H.; Williamson, Jeffrey G.
作者单位：The World Bank
摘要：Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes as unequal as they are today? This article infers inequality across individuals within each of the 28 pre-industrial societies, for which data were available, using what are known as social tables. It applies two new concepts: the inequality possibility frontier and the inequality extraction ratio. They compare the observed income inequality to the maximum feasible inequality that, at a given level o...
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作者：Metcalfe, Robert; Powdthavee, Nattavudh; Dolan, Paul
作者单位：University of Oxford; Nanyang Technological University; University of London; London School Economics & Political Science
摘要：Using a longitudinal household panel dataset in the UK, where a significant proportion of the interviews are conducted in September each year, we are able to show that the attacks of September 11 resulted in lower levels of subjective well-being for those interviewed after that date in 2001 compared with those interviewed before it. This quasi-experiment provides one of the first examples of the impact of a terrorist attack in one country on well-being in another country.
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作者：Stutzer, Alois; Goette, Lorenz; Zehnder, Michael
作者单位：University of Basel; University of Lausanne
摘要：Assigning a subjective value to a contribution to a public good often requires reflection. For many reasons, this reflection may be put off, reinforcing the underprovision of public goods. We hypothesise that nudging individuals to reflect on whether to contribute to a public good leads to the formation of issue-specific altruistic preferences. The hypothesis is tested in a large-scale field experiment on blood donations. We find that an active-decision intervention substantially increases don...
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作者：Buffie, Edward F.; Alolia, Manoj
作者单位：Indiana University System; Indiana University Bloomington; State University System of Florida; Florida State University
摘要：In this article we show that a model featuring durable consumer goods, imperfect substitution between domestic and foreign assets, and weak credibility can explain the qualitative and quantitative aspects of the stylised facts associated with exchange-rate-based stabilisation, including the tremendous increase in real interest rates. Following a temporary reduction in the crawl, total consumption spending rises 14-26%, the real exchange rate appreciates 20-37% and the current account deficit s...
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作者：Branstetter, Lee; Saggi, Kamal
作者单位：Vanderbilt University; Carnegie Mellon University; Columbia University; Harvard University
摘要：This article develops a North South product cycle model in which innovation, imitation and the flow of foreign direct investment (FDI) are all endogenously determined. In the model, a strengthening of intellectual property right (IPR) protection in the South reduces the rate of imitation and it increases the flow of FDI. Indeed, the increase in FDI more than offsets the decline in the extent of production undertaken by Southern imitators so that the South's share of the global basket of goods ...
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作者：Ellis, Christopher J.; Fender, John
作者单位：University of Birmingham; University of Oregon
摘要：We combine Acemoglu and Robinson's model of the economic origins of democracy with Lohmann's model of political mass protest. This allows us to analyse the economic causes of political regime change based on the microfoundations of revolution. We are able to derive conditions under which democracy arises peacefully, when it occurs only after a revolution and when oligarchy persists. We model these possibilities in a world of asymmetric information, where information cascades are possible, and ...
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作者：Cheron, Arnaud; Hairault, Jean-Olivier; Langot, Francois
作者单位：heSam Universite; Universite Pantheon-Sorbonne; Paris School of Economics; University of Maine System; University of Maine Orono; Universite Catholique de Lille; EDHEC Business School; IZA Institute Labor Economics
摘要：This study examines age-dependent employment protection by extending the theory of equilibrium unemployment to account for a finite working life-time. The potential employment gains related to employment protection are high for older workers. But higher firing taxes for older workers increase job destruction rates for younger generations. Furthermore, when firms cannot ex ante age-direct their search, the impact of each generation of unemployed workers on the average return on vacancies leads ...
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作者：Drelichman, Mauricio; Voth, Hans-Joachim
作者单位：ICREA; Pompeu Fabra University; University of British Columbia; Canadian Institute for Advanced Research (CIFAR); Centre de Recerca en Economia Internacional (CREI)
摘要：What sustained borrowing without third-party enforcement in the early days of sovereign lending? Philip II of Spain accumulated towering debts while stopping all payments to his lenders four times. How could the sovereign borrow much and default often? We argue that bankers ability to cut off Philip IIs access to smoothing services was key. A form of syndicated lending created cohesion among his Genoese bankers. As a result, lending moratoria were sustained through a cheat-the-cheater mechanis...
