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作者：Manning, Alan; Swaffield, Joanna
作者单位：University of London; London School Economics & Political Science; University of York - UK
摘要：In the UK the gender pay gap on entry to the labour market is approximately zero but ten years after labour market entry, there is a gender wage gap of almost 25 log points. This article explores the reason for this gender gap in early-career wage growth, considering three main hypotheses - human capital, job-shopping and 'psychological' theories. Human capital factors can explain about 11 log points, job-shopping about 1.5 log points and the psychological theories up to 4.5 log points dependi...
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作者：Dee, Thomas S.
作者单位：Swarthmore College; National Bureau of Economic Research
摘要：One conjectured benefit of a marriage-like legal status for same-sex couples is a reduction in the incidence of sexually transmitted infections (STI). In this study, I discuss how such a policy might influence risky sexual behaviour and STI rates. I also present reduced-form empirical evidence on whether same-sex partnership laws have reduced STI rates, using country-level panel data from Europe. The results suggest that these laws led to statistically significant reductions in syphilis but no...
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作者：Epifani, Paolo; Gancia, Gino
摘要：This article suggests that international trade, even between identical countries, can raise the relative demand for skilled labour. It shows that a simple generalisation of Krugman's (1979) model of trade in differentiated products has implications for the skill premium, through economies of scale rather than Hecksher-Ohlin effects, that are consistent with a number of stylised facts. It provides new evidence in support of these results by showing that increases in market size lead to higher r...
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作者：Fratzscher, Marcel
摘要：The article assesses whether exchange rate communication - or oral intervention - has been an effective policy tool for monetary authorities to influence exchange rates. It employs an event-study methodology that identifies intervention clusters or events. For the euro-dollar and the dollar-yen exchange rates, the article finds that both oral intervention events and actual intervention events have been highly successful over the short to medium-run. The article shows that the success of interv...
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作者：Rudebusch, Glenn D.; Wu, Tao
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; Federal Reserve System - USA; Federal Reserve Bank - Dallas
摘要：This article develops and estimates a macro-finance model that combines a canonical affine no-arbitrage finance specification of the term structure of interest rates with standard macroeconomic aggregate relationships for output and inflation. Based on this combination of yield curve and macroeconomic structure and data, we obtain several interesting results: (1) the latent term structure factors from no-arbitrage finance models appear to have important macroeconomic and monetary policy underp...
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作者：Black, Sandra E.; Devereux, Paul J.; Salvanes, Kjell G.
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research; University College Dublin; IZA Institute Labor Economics; Norwegian School of Economics (NHH)
摘要：This article investigates whether increasing mandatory educational attainment through compulsory schooling legislation encourages women to delay childbearing. We use variation induced by changes in compulsory schooling laws in both the US and Norway to estimate the effect in two very different institutional environments. We find evidence that increased compulsory schooling does in fact reduce the incidence of teenage childbearing in both the US and Norway, and these estimates are quite robust ...
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作者：Garratt, Anthony; Koop, Gary; Vahey, Shaun P.
作者单位：University of London; Birkbeck University London; University of Strathclyde
摘要：A recent revision to the preliminary measurement of GDP(E) growth for 2003Q2 caused considerable press attention, provoked a public enquiry and prompted a number of reforms to UK statistical reporting procedures. In this article, we compute the probability of 'substantial revisions' that are greater (in absolute value) than the controversial 2003 revision. The predictive densities are derived from Bayesian model averaging over a wide set of forecasting models including linear, structural break...
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作者：Bjerk, David
作者单位：Claremont Colleges; Claremont Graduate University; Claremont McKenna College
摘要：I show that when two groups differ in (i) their average skill level, (ii) the precision with which they can signal their skill prior to entering the labour market, and/or (iii) the frequency with which they have the opportunity to signal their skill prior to entering the labour market, then even if firms become increasingly informed regarding each worker's skill over time, equally skilled workers from different groups will have different likelihoods of making it to top jobs in the economy, eve...
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作者：Strulik, Holger
作者单位：Leibniz University Hannover
摘要：This article investigates how the existence of non-cooperative social groups that appropriate resources either peacefully or through contest affects economic growth when property rights are unenforceable. For symmetric groups it shows that economic growth is generated only in peaceful societies. For the case of asymmetric groups rebel-equilibria are investigated in which a large majority behaves peacefully although challenged by an aggressive minority. The article explains how conflict intensi...
