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作者:Van Reenen, J
作者单位:University of London; London School Economics & Political Science
摘要:This article investigates the evolution of quality-adjusted prices for servers motivated by two facts. First, the recent productivity acceleration in the US is closely linked to the spread of IT of which networked computing is a large component. Second, the growth of network computing itself has been fostered by the rapid growth in the quality and quantity of server hardware and software. The preferred hedonic price index fell much more rapidly than the standard 'matched model' price index, ma...
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作者:Munch, Jakob Roland; Rosholm, Michael; Svarer, Michael
作者单位:University of Copenhagen; Aarhus University
摘要:This article investigates the effects of homeownership on labour mobility and unemployment duration. We distinguish between finding employment locally or being geographically mobile. We find that homeownership hampers the propensity to move for job reasons, but improves the chances of finding local jobs, which is in accordance with the predictions from our theoretical model. The overall hazard rate into employment is higher for homeowners, such that there is a negative correlation between home...
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作者:Borghans, L; ter Weel, B
作者单位:Maastricht University
摘要:The model developed in this article explains differences in the division of labour across firms as a result of computer technology adoption. Changes in the division of labour result from reduced production time and improved communication possibilities. The first shifts the division of labour towards generic structures, while the latter enhances specialisation. Our estimates for a sample of Dutch establishments in the period 1990-6 suggest that productivity gains have been the main determinant ...
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作者:McGough, B
作者单位:Oregon State University
摘要:Sargent's (1999) model of inflation is amended to include real oil prices and used to study the impact of exogenous supply shocks on the inflation time-series. We analyse whether these shocks can trigger escape-like episodes. We consider unobserved permanent shocks to the natural rate of unemployment and observed permanent shocks to the mean real oil price. Favourable shocks to unemployment decrease the time to first escape; that is, escapes tend to occur much sooner in the presence of these s...
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作者:ter Weel, B
作者单位:Maastricht University
摘要:The emergence and rapid diffusion of information and communication technology is the most radical technological transformation of the last couple of decades and has had an enormous economic impact. This bundle of four articles contains research that discusses major economic implications of the diffusion of IT. They focus on two main implications of IT: (i) networks and industry dynamics, and (ii) IT and workplace organisation. The two sets of two articles contribute both original theoretical i...
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作者:Moffitt, Robert
作者单位:Johns Hopkins University; National Bureau of Economic Research
摘要:Work requirements in means-tested transfer programmes have grown in importance in the US and in some other countries. The theoretical literature which considers their possible optimality generally operates within a traditional welfarist framework where some function of the utility of the poor is maximised. Here we consider a case where society instead has preferences over the actual work allocations of welfare recipients. Optimality of work requirements is shown to be possible but depends on t...
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作者:Basu, K
作者单位:Cornell University
摘要:The evidence that the same income can lead to different household decisions, depending on who the earner is, has led to an effort to replace the standard household model with the 'collective model', which recognises that a household's decisions depend on the power balance between the husband and the wife. This article recognises that the power balance can, in turn, depend on the decisions made. A new 'household equilibrium' and its dynamics are described and it is shown that there can be multi...
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作者:Walker, I; Zhu, Y
作者单位:University of Warwick; University of Kent
摘要:This article studies the determinants of partnership dissolution and focuses on the role of child support. We exploit the variation in child support liabilities and entitlements driven, in part, by the introduction of a new set of complex rules that determined child support liability in the UK, and by their interaction with welfare rules. Our panel has the virtue that the post 1993 variation in child support liability for all couples in partnerships formed prior to 1993 is unanticipated. We fi...
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作者:Ravallion, Martin; de Walle, Dominique van
作者单位:The World Bank
摘要:Liberalising key factor markets is a crucial step in the transition from a socialist control-economy to a market economy. However, the process can be stalled by imperfect information, high transaction costs and covert resistance from entrenched interests. The article studies agricultural land reallocation in the wake of Vietnam's efforts to establish a free market in land- use rights following de-collectivisation. Inefficiencies in the initial administrative allocation are measured against an ...
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作者:Durlauf, Steven N.
作者单位:University of Wisconsin System; University of Wisconsin Madison
摘要:In this article I consider the evaluation of racial profiling in traffic stops from a combination of welfarist and non-welfarist considerations. I argue that benefits from profiling in terms of crime reduction have not been identified and that further, the harm to those who are innocent and stopped is potentially high. I then argue that profiling creates a clear injustice to innocent African Americans. Together, these claims make the assessment of profiling an example of decision making under ...