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作者：Giroud, Xavier
作者单位：Massachusetts Institute of Technology (MIT)
摘要：Proximity to plants makes it easier for headquarters to monitor and acquire information about plants. In this article, I estimate the effects of headquarters' proximity to plants on plant-level investment and productivity. Using the introduction of new airline routes as a source of exogenous variation in proximity, I find that new airline routes that reduce the travel time between headquarters and plants lead to an increase in plant-level investment of 8% to 9% and an increase in plants' total...
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作者：Ben-David, Itzhak; Graham, John R.; Harvey, Campbell R.
作者单位：University System of Ohio; Ohio State University; National Bureau of Economic Research; Duke University
摘要：Using a unique 10-year panel that includes more than 13,300 expected stock market return probability distributions, we find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are within the executives' 80% confidence intervals only 36% of the time. We show that executives reduce the lower bound of the forecast confidence interval during times of high market uncertainty; however, ex post miscalibration is worst during periods of high...
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作者：Carvalho, Jean-Paul
作者单位：University of California System; University of California Irvine
摘要：Veiling among Muslim women is modeled as a commitment mechanism that limits temptation to deviate from religious norms of behavior. The analysis suggests that veiling is a strategy for integration, enabling women to take up outside economic opportunities while preserving their reputation within the community. This accounts for puzzling features of the new veiling movement since the 1970s. Veiling also has surprising effects on the intergenerational transmission of values. Compulsory veiling la...
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作者：Acemoglu, Daron; Egorov, Georgy; Sonin, Konstantin
作者单位：Massachusetts Institute of Technology (MIT); Canadian Institute for Advanced Research (CIFAR); Northwestern University; New Economic School
摘要：When voters fear that politicians may be influenced or corrupted by the rich elite, signals of integrity are valuable. As a consequence, an honest politician seeking reelection chooses populist policies-that is, policies to the left of the median voter-as a way of signaling that he is not beholden to the interests of the right. Politicians that are influenced by right-wing special interests respond by choosing moderate or even left-of-center policies. This populist bias of policy is greater wh...
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作者：Kuziemko, Ilyana
作者单位：National Bureau of Economic Research
摘要：Over the past 30 years, many states have abolished parole boards, which traditionally have had the discretion to release inmates before the expiration of their full sentence, in favor of fixed-sentence regimes in which the original sentence is binding. However, if prison time lowers recidivism risk and if parole boards can accurately estimate inmates' recidivism risk, then relative to a fixed-sentence regime, parole can provide allocative-efficiency benefits (costly prison space is allocated t...
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作者：Hastings, Justine S.; Shapiro, Jesse M.
作者单位：Brown University; National Bureau of Economic Research; University of Chicago
摘要：We formulate a test of the fungibility of money based on parallel shifts in the prices of different quality grades of a commodity. We embed the test in a discrete-choice model of product quality choice and estimate the model using panel microdata on gasoline purchases. We find that when gasoline prices rise, consumers substitute to lower octane gasoline, to an extent that cannot be explained by income effects. Across a wide range of specifications, we consistently reject the null hypothesis th...
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作者：Bloom, Nicholas; Eifert, Benn; Mahajan, Aprajit; McKenzie, David; Roberts, John
作者单位：Stanford University; National Bureau of Economic Research; The World Bank
摘要：A long-standing question is whether differences in management practices across firms can explain differences in productivity, especially in developing countries where these spreads appear particularly large. To investigate this, we ran a management field experiment on large Indian textile firms. We provided free consulting on management practices to randomly chosen treatment plants and compared their performance to a set of control plants. We find that adopting these management practices raise...
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作者：Walker, W. Reed
作者单位：University of California System; University of California Berkeley
摘要：This article uses linked worker-firm data in the United States to estimate the transitional costs associated with reallocating workers from newly regulated industries to other sectors of the economy in the context of new environmental regulations. The focus on workers rather than industries as the unit of analysis allows me to examine previously unobserved economic outcomes such as nonemployment and long-run earnings losses from job transitions, both of which are critical to understanding the ...
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作者：Crepon, Bruno; Duflo, Esther; Gurgand, Marc; Rathelot, Roland; Zamora, Philippe
作者单位：Institut Polytechnique de Paris; ENSAE Paris; Massachusetts Institute of Technology (MIT); Paris School of Economics
摘要：This article reports the results from a randomized experiment designed to evaluate the direct and indirect (displacement) impacts of job placement assistance on the labor market outcomes of young, educated job seekers in France. We use a two-step design. In the first step, the proportions of job seekers to be assigned to treatment (0%, 25%, 50%, 75%, or 100%) were randomly drawn for each of the 235 labor markets (e.g., cities) participating in the experiment. Then, in each labor market, eligib...
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作者：Kojima, Fuhito; Pathak, Parag A.; Roth, Alvin E.
作者单位：Stanford University; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：Accommodating couples has been a long-standing issue in the design of centralized labor market clearinghouses for doctors and psychologists, because couples view pairs of jobs as complements. A stable matching may not exist when couples are present. This article's main result is that a stable matching exists when there are relatively few couples and preference lists are sufficiently short relative to market size. We also discuss incentives in markets with couples. We relate these theoretical r...
