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作者：Carter, Susan Payne; Liu, Kuan; Skiba, Paige Marta; Sydnor, Justin
作者单位：United States Department of Defense; United States Army; United States Military Academy; University of Arkansas System; University of Arkansas Fayetteville; Vanderbilt University; University of Wisconsin System; University of Wisconsin Madison
摘要：We examine the effect of state laws on minimum payday loan dura-tions that give some borrowers an additional pay cycle to repay their initial loan with no other changes to contract terms. Neoclassical models predict this grace period would reduce borrowers' need for costly loan rollovers. However, in reality, borrowers' repayment behavior with grace periods is very similar to borrowers with shorter loans, merely pushed out a few weeks. Potential explanations include heuristic repayment decisio...
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作者：Feigenbaum, James; Lee, James; Mezzanotti, Filippo
作者单位：Boston University; Northwestern University
摘要：Using General Sherman's March through Georgia, South Carolina, and North Carolina during the Civil War, we study the effect of capital destruction on medium-and long-run local economic activ-ity, and the role of financial markets in recovery. We show that the march's capital destruction led to a large contraction in agricul-tural investment, farming asset prices, and manufacturing activ-ity compared to neighboring counties. Elements of the decline in agriculture persisted through 1920. Exploit...
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作者：Novosad, Paul; Rafkin, Charlie; Asher, Sam
作者单位：Dartmouth College; Massachusetts Institute of Technology (MIT); Imperial College London
摘要：Measurements of mortality change among less educated Americans can be biased because the least educated groups (e.g., dropouts) become smaller and more negatively selected over time. We show that mortality changes at constant education percentiles can be bounded with minimal assumptions. Middle-age mortality increases among non-Hispanic Whites from 1992 to 2018 are driven almost entirely by the bottom 10 percent of the education distribution. Drivers of mor-tality change differ substantially a...
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作者：Gross, Max; Baron, E. Jason
作者单位：Mathematica; Duke University; National Bureau of Economic Research
摘要：Six percent of children in the United States enter foster care by age 18. We estimate the effects of foster care on children's outcomes by exploiting the quasi-random assignment of child welfare investigators in Michigan. We find that foster care improved children's safety and educational outcomes. Gains emerged after children exited the foster system when most were reunified with their birth parents, suggesting that improvements made by their parents were an important mechanism. These results...
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作者：Wheeler, Laurel; Garlick, Robert; Johnson, Eric; Shaw, Patrick; Gargano, Marissa
作者单位：University of Alberta; Duke University; Research Triangle Institute
摘要：Online professional networking platforms are widely used and may help workers to search for and obtain jobs. We run the first randomized evaluation of training work seekers to join and use one of the largest platforms, Linkedln. Raining increases the end-of-program employment rate by 10 percent (7 percentage points), and this effect persists for at least 12 months. The available employment, platform use, and job search data suggest that employment effects are explained by work seekers using th...
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作者：Severen, Christopher; Van Benthem, Arthur A.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; University of Pennsylvania; National Bureau of Economic Research
摘要：Formative experiences shape behavior for decades. We document a striking feature about those who came of driving age during the oil crises of the 1970s-they drive less in the year 2000. The effect is not specific to these cohorts; price variation over time and across states indicates that gasoline price changes between ages 15-18 generally shift later-life travel behavior. Effects are not explained by recessions, income, or costly skill acquisition and are inconsistent with recency bias, menta...
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作者：Goni, Marc
作者单位：University of Bergen
摘要：Using novel data on peerage marriages in Britain, I find that low search costs and marriage-market segregation can generate sorting. Peers courted in the London Season, a matching technology introducing aristocratic bachelors to debutantes. When Queen Victoria went into mourning for her husband, the Season was interrupted (1861-1863), raising search costs and reducing market segregation. I exploit exogenous variation in women's probability to marry during the interruption from their age in 186...
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作者：Williams, Jhacova
作者单位：American University
摘要：This paper analyzes the extent to which the political participation of Blacks can be traced to historical lynchings that took place from 1882 to 1930. Using county-level voter registration data, 1 show that Blacks who reside in southern counties that experienced a relatively higher number of historical lynchings have lower voter registration rates today. This relationship holds after accounting for a variety of historical and contemporary characteristics of counties. There exists evidence of t...
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作者：Laouenan, Morgane; Rathelot, Roland
作者单位：Centre National de la Recherche Scientifique (CNRS); University of Warwick; Centre for Economic Policy Research - UK
摘要：We use data from Airbnb to identify the mechanisms underlying discrimination against ethnic minority hosts. Within the same neighborhood, hosts from minority groups charge 3.2 percent less for comparable listings. Since ratings provide guests with increasingly rich information about a listing's quality, we can measure the contribution of statistical discrimination, building upon Altonji and Pierret (2001). We find that statistical discrimination can account for the whole ethnic price gap: ethn...
