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作者：Mui, Preston; Schoefer, Benjamin
作者单位：University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：We measure desired labour supply at the extensive (employment) margin in two representative surveys of the U.S. and German populations. We elicit reservation raises: the percent wage change that renders a given individual indifferent between employment and nonemployment. It is equal to her reservation wage divided by her actual, or potential, wage. The reservation raise distribution is the nonparametric aggregate labour supply curve. Locally, the curve exhibits large short-run elasticities abo...
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作者：Herkenhoff, Kyle; Phillips, Gordon; Cohen-Cole, Ethan
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作者：Colonnelli, Emanuele; Gormsen, Niels Joachim; McQuade, Tim
作者单位：University of Chicago; University of California System; University of California Berkeley
摘要：We study how perceptions of corporate responsibility influence policy preferences and the effectiveness of corporate communication when agents have imperfect memory recall. Using a new large-scale survey of U.S. citizens on their support for corporate bailouts, we first establish that the public demands corporations to behave better within society, a sentiment we label big business discontent. Using random variation in the order of survey sections and in the exposure to animated videos, we the...
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作者：Figlio, David; Giuliano, Paola; Marchingiglio, Riccardo; Ozek, Umut; Sapienza, Paola
作者单位：University of Rochester; National Bureau of Economic Research; University of California System; University of California Los Angeles; Analysis Group Inc.; RAND Corporation; Northwestern University
摘要：We study the effect of exposure to immigrants on the educational outcomes of U.S.-born students, using a unique dataset combining population-level birth and school records from Florida. This research question is complicated by the substantial school selection of U.S.-born students, especially among White and comparatively affluent students, in response to the presence of immigrant students in the school. We propose a new identification strategy, comparing sibling outcomes with the inclusion of...
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作者：Ashlagi, Itai; Monachou, Faidra; Nikzad, Afshin
作者单位：Stanford University; Yale University; University of Southern California
摘要：We study non-monetary markets where objects that arrive over time are allocated to unit-demand agents with private types, such as in the allocation of public housing or deceased-donor organs. An agent's value for an object is supermodular in her type and the object quality, and her payoff is her value minus her waiting cost. The social planner's objective is a weighted sum of allocative efficiency (i.e. the sum of values) and welfare (i.e. the sum of payoffs). We identify optimal mechanisms in...
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作者：Huneeus, Federico; Rogerson, Richard
作者单位：Duke University; Central Bank of Chile; Princeton University
摘要：Industrialization experiences differ substantially across countries. We use a benchmark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to three key findings. First, benchmark models of structural change robustly generate hump-shaped patterns for the evolution of the industrial sector. Second, heterogeneous patterns of catch-up in sectoral productivities across countries can ge...
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作者：Gete, Pedro; Zecchetto, Franco
作者单位：IE University
摘要：We show that mortgage recourse systems, by discouraging default, magnify the impact of nominal rigidities. They cause deeper and more persistent recessions. This mechanism can account for up to 31% of the recovery gap during the Great Recession between the U.S., mostly a non-recourse economy, and Spain, a recourse economy. General equilibrium effects explain most of the differences between mortgage systems. With recourse, highly indebted homeowners dramatically cut consumption in a crisis, and...
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作者：Jagadeesan, Ravi; Vocke, Karolina
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作者：Acemoglu, Daron; Tahbaz-Salehi, Alireza
作者单位：Massachusetts Institute of Technology (MIT); Northwestern University
摘要：This paper develops a model to study the macroeconomic implications of supply chain disruptions with three key ingredients: (i) a firm-level network of customized supplier-customer links that generate relationship-specific productivity gains; (ii) bargaining over these relationship-specific surpluses; and (iii) an extensive margin of adjustment, whereby firms decide to form or sever relations with suppliers and customers. We establish equilibrium existence and uniqueness, provide characterizat...
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作者：Calvo, Paula; Lindenlaub, Ilse; Reynoso, Ana
作者单位：Arizona State University; Arizona State University-Tempe; Yale University; University of Michigan System; University of Michigan
摘要：We develop a new equilibrium model in which households' labour supply choices form the link between sorting on the marriage market and sorting on the labour market. We first show that in theory, the nature of home production-whether partners' hours are complements or substitutes-shapes equilibrium labour supply as well as marriage and labour market sorting. We then estimate our model using German data to empirically assess the nature of home production, and find that spouses' home hours are co...
