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作者：Feigenbaum, James; Palmer, Maxwell; Schneer, Benjamin
作者单位：Boston University; National Bureau of Economic Research; Boston University; Harvard University
摘要：Does family history matter for policy making in democracies? Linking members of Congress (MCs) to the census, we observe countries of birth for members, their parents, and their grandparents, allowing us to measure ancestry for the politicians in office when U.S. immigration policy changed dramatically, from closing the border in the 1920s to reshaping admittance criteria in the 1960s. We find that legislators descended from immigrant parents or grandparents support more permissive immigration...
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作者：Miyauchi, Yuhei; Nakajima, Kentaro; Redding, Stephen J.
作者单位：Boston University; Hitotsubashi University; Stanford University; National Bureau of Economic Research; Centre for Economic Policy Research - UK
摘要：We develop a tractable quantitative framework for modeling the rich patterns of spatial mobility observed in smartphone data. We show that travel is frequently undertaken as part of a travel itinerary, defined as a journey starting and ending at home that can include more than one intermediate stop on a given day. We show that these travel itineraries provide microfoundations for consumption externalities and generate both complementarity and substitutability between locations. We show that th...
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作者：Vogel, Jonathan
作者单位：University of California System; University of California Los Angeles
摘要：What is the effect of the real minimum wage on wages and inequality? I develop a theory that nests the race between education and technology. The theory predicts that the effect of changes in minimum wages is initially small but grows over time. I present empirical evidence of these dynamic effects: the elasticity of real wages grows substantially over a three-year period. I show that minimum wages help rationalize a considerable decline in real wages of low-education workers in the 1980s and ...
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作者：Jiang, Zhengyang; Liu, Hongqi; Peng, Cameron; Yan, Hongjun
作者单位：Northwestern University; National Bureau of Economic Research; The Chinese University of Hong Kong, Shenzhen; The Chinese University of Hong Kong, Shenzhen; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK; DePaul University
摘要：We survey a large, representative sample of retail investors in China to elicit their memories of stock market investments and their return expectations. We merge these survey data with administrative transaction data to test a model in which investors selectively recall past experiences to form their beliefs. Our analysis uncovers new facts about investor memory and highlights similarity-based recall as a key mechanism of belief formation in financial markets. A rising market prompts investor...
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作者：Alsan, Marcella; Barnett, Arkey; Hull, Peter; Yang, Crystal S.
作者单位：University of Michigan System; University of Michigan; Brown University; Harvard University
摘要：A long-standing and influential view in U.S. correctional policy is that nothing works when it comes to rehabilitating incarcerated individuals. We revisit this hypothesis by studying an innovative law-enforcement-led program launched in the county jail of Flint, MI: Inmate Growth Naturally and Intentionally through Education (IGNITE). We develop an instrumental variables approach to estimate the effects of IGNITE exposure, leveraging quasi-random court delays that cause individuals to spend m...
