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作者：Krishnan, Pramila; Sciubba, Emanuela
作者单位：University of Cambridge; University of London; Birkbeck University London
摘要：In this article we test the implications of a model of network formation on data from rural Ethiopia. In contrast to the current literature, we demonstrate the critical role of both number of links and architecture in determining the impact of social networks on outcomes. Social capital matters, but its impact differs by the architecture of the network to which one belongs.
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作者：Pecorino, Paul
作者单位：University of Alabama System; University of Alabama Tuscaloosa
摘要：In the standard model, provision of a pure public good is increasing in group size if it is a normal good. I develop a model of public good provision in which private goods are supplied in a monopolistically competitive market. In this model, group size corresponds to population. I find that increases in population lead to reduced public good provision. The reason is quite simple: as population increases, the number of private goods available for consumption also increases. This raises the mar...
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作者：Salanie, Francois; Treich, Nicolas
作者单位：INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：How does risk perception affect risk regulation? Happyville is a society in which citizens wrongly believe that the drinking water supply is contaminated. We discuss conditions under which a benevolent Director of Environment Protection would invest in a water cleanup technology. This holds if the Director is populist, namely if he maximises social welfare based on citizens' pessimistic beliefs. More surprisingly, investment in the water cleanup technology may occur if the Director is paternal...
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作者：Brunello, Giorgio; Fort, Margherita; Weber, Guglielmo
作者单位：University of Padua; University of Bologna; University of Padua
摘要：Using data from 12 European countries and the variation across countries and over time in the changes of minimum school leaving age, we study the effects of the quantity of education on the distribution of earnings. We find that compulsory school reforms significantly affect educational attainment, especially among individuals belonging to the lowest quantiles of the distribution of ability. There is also evidence that additional education reduces conditional wage inequality, and that educatio...
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作者：Kassenboehmer, Sonja C.; Haisken-DeNew, John P.
作者单位：McMaster University; Ruhr University Bochum
摘要：This article examines the impact of unemployment for men and women on life satisfaction for Germany 1991-2006 using the German Socio-Economic Panel. We find that for women in east and west Germany, company closures in the year of entry into unemployment produce strongly negative effects on life satisfaction over and above an overall effect of unemployment, providing prima facie evidence of reduced outside work options, large investments in firm-specific human capital or a family constraint. Th...
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作者：Algan, Yann
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作者：Bean, Charles
作者单位：Bank of England
摘要：In his Nobel Prize lecture, Meade advocated allocating demand management policies to pursuing price stability, reformed wage-fixing institutions to achieving full employment and foreign exchange policies to maintaining balance-of-payments equilibrium. But with respect to the first, he advocated a target for nominal income rather than the price level. I evaluate Meade's programme with the benefit of hindsight and in the light of experience with inflation targets. I also discuss some of the issu...
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作者：Cosh, Andy; Cumming, Douglas; Hughes, Alan
作者单位：University of Cambridge; York University - Canada
摘要：This article investigates factors that affect rejection rates in applications for outside finance among different types of investors (banks, venture capital funds, leasing firms, factoring firms, trade customers and suppliers, partners and working shareholders, private individuals and other sources), taking into account the non-randomness in a firm's decision to seek outside finance. The data support the traditional pecking order theory. Further, the data indicate that firms seeking capital ar...
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作者：Cuberes, David; Jerzmanowski, Michal
作者单位：Clemson University
摘要：There is much evidence that less democratic countries experience more high-frequency growth volatility. In this article we report a similar finding about volatility in the medium term: we find evidence that reversals of trend-growth are sharper and more frequent in non-democracies. Motivated by this evidence, we construct a model in which non-democracies have high barriers to entry for new firms. This leads to less sectoral diversification and so, in an uncertain environment, to larger growth ...
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作者：Maluccio, John A.; Hoddinott, John; Behrman, Jere R.; Martorell, Reynaldo; Quisumbing, Agnes R.; Stein, Aryeh D.
作者单位：Middlebury College; University of Pennsylvania; Emory University
摘要：Using a longitudinal survey from rural Guatemala, we examine the effect of an early childhood nutritional intervention on adult educational outcomes. An intent-to-treat model yields substantial effects of an experimental intervention that provided highly nutritious food supplements to children, a quarter century after it ended: increases of 1.2 grades completed for women and one quarter SD on standardised reading comprehension and non-verbal cognitive ability tests for both women and men. Two-...
