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作者：Derenoncourt, Ellora; Kim, Chi Hyun; Kuhn, Moritz; Schularick, Moritz
作者单位：Princeton University; University of Bonn; University of Mannheim; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
摘要：The racial wealth gap is the largest of the economic disparities between Black and white Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most persistent. In this article, we construct the first continuous series on white-to-Black per capita wealth ratios from 1860 to 2020, drawing on historical census data, early state tax records, and historical waves of the Survey of Consumer Finances, among other sources. Incorporating these data into a parsimonious ...
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作者：Dix-Carneiro, Rafael; Pessoa, Joao Paulo; Reyes-Heroles, Ricardo; Traiberman, Sharon
作者单位：Duke University; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve System Board of Governors; New York University
摘要：We argue that modeling trade imbalances is crucial for understanding transitional dynamics in response to globalization shocks. We build and estimate a general equilibrium, multicountry, multisector model of trade with two key ingredients: (i) endogenous trade imbalances arising from households' consumption and saving decisions; (ii) labor market frictions across and within sectors. We use our model to perform several empirical exercises. We find that the China shock accounted for 28% of the d...
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作者：Donovan, Kevin; Lu, Will Jianyu; Schoellman, Todd
作者单位：Yale University; Central Bank of Chile; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
摘要：We provide new evidence on how labor market dynamics vary with development. We build a new data set consisting of harmonized microdata from rotating panel labor force surveys covering 80 million people from 49 countries. Labor market flows, such as the job-finding or employment exit rate, are higher in developing economies. These higher flows largely reflect a slippery job ladder: workers transition frequently to and from marginal employment without climbing to or persisting in better-paying j...
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作者：Finlay, Keith; Mueller-Smith, Michael; Street, Brittany
作者单位：University of Michigan System; University of Michigan; University of Missouri System; University of Missouri Columbia
摘要：Children's indirect exposure to the justice system through biological parents or coresident adults is both a marker of their own vulnerability and a measure of the justice system's expansive reach in society. Estimating the size of this population for the United States has historically been hampered by inadequate data resources, including the inability to observe nonincarceration events, follow children throughout their childhood, and measure adult nonbiological parent cohabitants. To overcome...
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作者：Adams-Prassl, Abi; Huttunen, Kristiina; Nix, Emily; Zhang, Ning
作者单位：University of Oxford; Aalto University; University of Southern California; Chinese University of Hong Kong
摘要：We link every police report in Finland to administrative data to identify violence between colleagues and the economic consequences for victims, perpetrators, and firms. This new approach to observe when one colleague attacks another overcomes previous data constraints limiting evidence on this phenomenon to self-reported surveys that do not identify perpetrators. We document large, persistent labor market effects of between-colleague violence on victims and perpetrators. Male perpetrators exp...
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作者：Cortes, Patricia; Pan, Jessica; Pilossoph, Laura; Reuben, Ernesto; Zafar, Basit
作者单位：Boston University; National Bureau of Economic Research; National University of Singapore; IZA Institute Labor Economics; Centre for Economic Policy Research - UK; Duke University; New York University; New York University Abu Dhabi; University of Michigan System; University of Michigan
摘要：This article investigates gender differences in the job search process in the field and lab. Our analysis is based on rich information on initial job offers and acceptances from undergraduates of Boston University's Questrom School of Business. We find (i) a clear gender difference in the timing of job offer acceptance, with women accepting jobs substantially earlier than men, and (ii) a sizable gender earnings gap in accepted offers, which narrows in favor of women over the course of the job ...
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作者：Agan, Amanda; Doleac, Jennifer L.; Harvey, Anna
作者单位：Rutgers University System; Rutgers University New Brunswick; National Bureau of Economic Research; Texas A&M University System; Texas A&M University College Station; New York University
摘要：Communities across the United States are reconsidering the public safety benefits of prosecuting nonviolent misdemeanor offenses, yet there is little empirical evidence to inform policy in this area. We report the first estimates of the causal effects of misdemeanor prosecution on defendants' subsequent criminal justice involvement. We leverage the as-if random assignment of nonviolent misdemeanor cases to assistant district attorneys (ADAs) who decide whether a case should be prosecuted in th...
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作者：Enke, Benjamin; Graeber, Thomas
作者单位：Harvard University
摘要：This article documents the economic relevance of measuring cognitive uncertainty: people's subjective uncertainty over their ex ante utility-maximizing decision. In a series of experiments on choice under risk, the formation of beliefs, and forecasts of economic variables, we show that cognitive uncertainty predicts various systematic biases in economic decisions. When people are cognitively uncertain-either endogenously or because the problem is designed to be complex-their decisions are heav...
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作者：Chatterjee, Shoumitro
作者单位：Johns Hopkins University
摘要：Market power of intermediaries contributes to the low incomes of farmers in India. I study the role of spatial competition between intermediaries in determining the prices that farmers receive in India by focusing on a law that restricts farmers to selling their goods to intermediaries in their own state. I show that the discontinuities in market power generated by the law translate into discontinuities in prices. Increasing spatial competition by one standard deviation causes prices received ...
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作者：Philippon, Thomas; Wang, Olivier
作者单位：New York University; Centre for Economic Policy Research - UK
摘要：We study time-consistent bank resolution mechanisms. The key constraint is that governments cannot avoid bailouts that are ex post efficient. Contrary to common wisdom, we show that the government may still avoid moral hazard and implement the first-best allocation by using the distribution of bailouts across banks to provide incentives. We analyze properties of credible tournament mechanisms that provide support to the best-performing banks and resolve the worst-performing ones. We extend our...
