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作者：Card, David; Dellavigna, Stefano; Funk, Patricia; Iriberri, Nagore
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Universita della Svizzera Italiana; University of Basque Country
摘要：We study the role of gender in the evaluation of economic research using submissions to four leading journals. We find that referee gender has no effect on the relative assessment of female- versus male-authored papers, suggesting that any differential biases of male referees are negligible. To determine whether referees as a whole impose different standards for female authors, we compare citations for female- and male-authored papers, holding constant referee evaluations and other characteris...
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作者：Jakobsen, Katrine; Jakobsen, Kristian; Kleven, Henrik; Zucman, Gabriel
作者单位：University of Copenhagen; Princeton University; National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark used to impose one of the world's highest marginal tax rates on wealth, but this tax was greatly reduced starting in 1989 and later abolished. Due to the specific design of the wealth tax, the 1989 reform provides a compelling quasi-experiment for understanding behavioral responses among the wealthiest segments of the population. We find clear reduced-form effects of wealth ta...
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作者：Baqaee, David Rezza; Farhi, Emmanuel
作者单位：University of California System; University of California Los Angeles; Harvard University
摘要：This paper develops a general theory of aggregation in inefficient economies. We provide nonparametric formulas for aggregating microeconomic shocks in economies with distortions such as taxes, markups, frictions to resource reallocation, financial frictions, and nominal rigidities. We allow for arbitrary elasticities of substitution, returns to scale, factor mobility, and input-output network linkages. We show how to separately measure changes in technical and allocative efficiency. We also s...
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作者：Fajgelbaum, Pablo D.; Goldberg, Pinelopi K.; Kennedy, Patrick J.; Khandelwal, Amit K.
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research; Yale University; The World Bank; University of California System; University of California Berkeley; Columbia University
摘要：After decades of supporting free trade, in 2018 the United States raised import tariffs and major trade partners retaliated. We analyze the short-run impact of this return to protectionism on the U.S. economy. Import and retaliatory tariffs caused large declines in imports and exports. Prices of imports targeted by tariffs did not fall, implying complete pass-through of tariffs to duty-inclusive prices. The resulting losses to U.S. consumers and firms that buy imports was $51 billion, or 0.27%...
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作者：Liang, Annie; Mu, Xiaosheng
摘要：We develop a model of social learning from complementary information: short-lived agents sequentially choose from a large set of flexibly correlated information sources for prediction of an unknown state, and information is passed down across periods. Will the community collectively acquire the best kinds of information? Long-run outcomes fall into one of two cases: (i) efficient information aggregation, where the community eventually learns as fast as possible; (ii) learning traps, where the ...
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作者：Caselli, Francesco; Koren, Miklos; Lisicky, Milan; Tenreyro, Silvana
作者单位：Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Central European University; HUN-REN; HUN-REN Centre for Economic & Regional Studies; Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Bank of England
摘要：A widely held view is that openness to international trade leads to higher income volatility, as trade increases specialization and hence exposure to sector-specific shocks. Contrary to this common wisdom, we argue that when country-wide shocks are important, openness to international trade can lower income volatility by reducing exposure to domestic shocks and allowing countries to diversify the sources of demand and supply across countries. Using a quantitative model of trade, we assess the ...
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作者：Eliason, Paul J.; Heebsh, Benjamin; Mcdevitt, Ryan C.; Roberts, James W.
作者单位：Brigham Young University; Duke University; Duke University; National Bureau of Economic Research
摘要：Many industries have become increasingly concentrated through mergers and acquisitions, which in health care may have important consequences for spending and outcomes. Using a rich panel of Medicare claims data for nearly one million dialysis patients, we advance the literature on the effects of mergers and acquisitions by studying the precise ways providers change their behavior following an acquisition. We base our empirical analysis on more than 1,200 acquisitions of independent dialysis fa...
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作者：Chodorow-Reich, Gabriel; Gopinath, Gita; Mishra, Prachi; Narayanan, Abhinav
作者单位：Harvard University; National Bureau of Economic Research; Reserve Bank of India
摘要：We analyze a unique episode in the history of monetary economics, the 2016 Indian demonetization. This policy made 86% of cash in circulation illegal tender overnight, with new notes gradually introduced over the next several months. We present a model of demonetization where agents hold cash both to satisfy a cash-in-advance constraint and for tax evasion purposes. We test the predictions of the model in the cross-section of Indian districts using several novel data sets including: the geogra...
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作者：Redding, Stephen J.; Weinstein, David E.
作者单位：Princeton University; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Columbia University
摘要：We develop an approach to measuring the cost of living for CES preferences that treats demand shocks as taste shocks that are equivalent to price shocks. In the presence of relative taste shocks, the Sato-Vartia price index is upward biased because an increase in the relative consumer taste for a variety lowers its taste-adjusted price and raises its expenditure share. By failing to allow for this association, the Sato-Vartia index underweights drops in taste-adjusted prices and overweights in...
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作者：Coibion, Olivier; Gorodnichenko, Yuriy; Ropele, Tiziano
作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research; University of California System; University of California Berkeley; European Central Bank; Bank of Italy
摘要：We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on firms' economic decisions. In the survey, a randomly chosen subset of firms is repeatedly treated with information about recent inflation whereas other firms are not. This information treatment generates exogenous variation in inflation expectations. We find that higher inflation expectations on the part of firms leads them to raise their prices, increase demand for credit, and r...
