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作者：Adhvaryu, Achyuta; Kala, Namrata; Nyshadham, Anant
作者单位：University of California System; University of California San Diego; National Bureau of Economic Research; University of California System; University of California San Diego; Massachusetts Institute of Technology (MIT); Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of Michigan System; University of Michigan
摘要：We estimate productivity gains of 13.5% from workplace soft skills training among Indian garment workers. Productivity gains are greater when trainees work on joint operations alongside other coworkers, consistent with gains being driven by improved teamwork and collaboration. Furthermore, untreated coworkers on the treated production lines also show increased productivity. These improvements in the teamwork substitute for managerial attention. Despite productivity gains and higher promotion p...
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作者：Jones, Charles I.
作者单位：Stanford University; National Bureau of Economic Research
摘要：As Romer and Weitzman emphasized in the 1990s, new ideas are often combinations of existing ideas, an insight absent from recent models. In Kortum's research around the same time, ideas are draws from a probability distribution, and Pareto distributions play a crucial role. Why are combinations missing, and do we really need such strong distributional assumptions to get exponential growth? This paper demonstrates that combinatorially growing draws from standard thin-tailed distributions lead t...
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作者：Jun, Sung Jae; Lee, Sokbae
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Columbia University; University of London; London School Economics & Political Science
摘要：This paper examines a commonly used measure of persuasion whose precise interpretation has been obscure in the literature. By using the potential outcome framework, we define the causal persuasion rate by a proper conditional probability of taking the action of interest with a persuasive message conditional on not taking the action without the message. We then formally study identification under empirically relevant data scenarios and show that the commonly adopted measure generally does not e...
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作者：Montero, Eduardo
作者单位：University of Chicago
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作者：Akcigit, Ufuk; Ates, Sina T.
作者单位：Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; University of Chicago; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We attempt to understand potential common forces behind rising market concentration and a slowdown in business dynamism in the US economy, through a micro-founded general equilibrium model of endogenous firm dynamics. The model captures the strategic behavior between competing firms, its effect on their innovation decisions, and the resulting best-versus-the-rest dynamics. We consider multiple potential mechanisms that can drive the observed changes and use the calibrated model to assess their...
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作者：Kjelsrud, Anders; Kotsadam, Andreas; Rogeberg, Ole
作者单位：Oslo Metropolitan University (OsloMet)
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作者：Ji, Yan; Teng, Songyuan; Townsend, Robert M.
作者单位：Hong Kong University of Science & Technology; Yale University; Massachusetts Institute of Technology (MIT)
摘要：We propose a model with local spatial markets and heterogeneous agents to understand and evaluate the geographic expansion of bank branches after banking deregulation in Thailand. The model features heterogeneity in financial frictions across regions, with the costs of accessing credit and deposits depending on the distance from the nearest branch. Disciplined by micro estimates of the effects of branch openings, the model reproduces salient regional and aggregate patterns concerning occupatio...
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作者：Fonseca, Raquel; Langot, Francois; Michaud, Pierre-Carl; Sopraseuth, Thepthida
作者单位：Universite de Montreal; University of Quebec; University of Quebec Montreal; Le Mans Universite; Paris School of Economics; Institut Universitaire de France; IZA Institute Labor Economics; Universite de Montreal; HEC Montreal; National Bureau of Economic Research; CY Cergy Paris Universite
摘要：Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures and health status. Considering other country-specific explanatory factors, US health prices are estimated to be 33% higher than those of European countries. This price differential explains more than 60% of the difference in health expenditures and more than half of the difference in health status between ...
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作者：Angeletos, George-Marios; Lian, Chen
作者单位：Northwestern University; National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：Our understanding of monetary policy is complicated by an indeterminacy problem: the same path for the nominal interest rate is consistent with multiple equilibrium paths for inflation and output. We offer a potential resolution by showing that small frictions in social memory and intertemporal coordination can remove this indeterminacy. Under our perturbations, the unique equilibrium is the same as that selected by the Taylor principle, but it no more relies on it; monetary policy is left to ...
