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作者:Calderon, Alvaro; Fouka, Vasiliki; Tabellini, Marco
作者单位:Stanford University; Stanford University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); Harvard University; IZA Institute Labor Economics
摘要:Between 1940 and 1970, more than 4 million African Americans moved from the South to the North of the US, during the Second Great Migration. This same period witnessed the struggle and eventual success of the civil rights movement in ending institutionalized racial discrimination. This article shows that the Great Migration and support for civil rights are causally linked. Predicting Black inflows with a shift-share instrument, we find that the Great Migration raised support for the Democratic...
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作者:Cox, Gregory; Shi, Xiaoxia
作者单位:National University of Singapore; University of Wisconsin System; University of Wisconsin Madison
摘要:We propose a simple test for moment inequalities that has exact size in normal models with known variance and has uniformly asymptotically exact size under asymptotic normality. The test compares the quasi-likelihood ratio statistic to a chi-squared critical value, where the degree of freedom is the rank of the inequalities that are active in finite samples. The test requires no simulation and thus is computationally fast and especially suitable for constructing confidence sets for parameters ...
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作者:Kawai, Kei; Nakabayashi, Jun; Ortner, Juan; Chassang, Sylvain
作者单位:University of California System; University of California Berkeley; Kindai University (Kinki University); Boston University; Princeton University
摘要:Cartels participating in procurement auctions frequently use bid rotation or prioritize incumbents to allocate contracts. However, establishing a link between observed allocation patterns and firm conduct has been difficult: there are cost-based competitive explanations for such patterns. We show that by focusing on auctions in which the winning and losing bids are very close, it is possible to distinguish allocation patterns reflecting cost differences across firms from patterns reflecting no...
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作者:Favilukis, Jack; Mabille, Pierre; Van Nieuwerburgh, Stijn
作者单位:University of British Columbia; INSEAD Business School; Columbia University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要:Housing affordability is the main policy challenge for most large cities in the world. Zoning changes, rent control, housing vouchers, and tax credits are the main levers employed by policymakers. How effective are they at combatting the affordability crisis? We build a dynamic stochastic spatial equilibrium model to evaluate the effect of these policies on the well-being of its citizens. The model endogenizes house prices, rents, construction, labour supply, output, income, and wealth inequal...
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作者:Borella, Margherita; De Nardi, Mariacristina; Yang, Fang
作者单位:University of Turin; University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; Centre for Economic Policy Research - UK; National Bureau of Economic Research; Louisiana State University System; Louisiana State University
摘要:In the US, both taxes and old-age social security benefits depend on one's marital status and tend to reduce the labour supply of the secondary earner. To what extent are these provisions holding back the female labour supply? We estimate a rich dynamic life-cycle model of labour supply and savings for couples and singles using the Method of Simulated Moments for the 1945 and 1955 birth cohorts. Our model matches well the life-cycle profiles of labour market participation, hours, and savings f...