-
作者：Acemoglu, Daron; Restrepo, Pascual
作者单位：Massachusetts Institute of Technology (MIT); Boston University
摘要：We study the effects of industrial robots on US labor markets. We show theoretically that robots may reduce employment and wages and that their local impacts can be estimated using variation in exposure to robots-defined from industry-level advances in robotics and local industry employment. We estimate robust negative effects of robots on employment and wages across commuting zones. We also show that areas most exposed to robots after 1990 do not exhibit any differential trends before then, a...
-
作者：Andreoni, James; Aydin, Deniz; Barton, Blake; Bernheim, B. Douglas; Naecker, Jeffrey
作者单位：University of California System; University of California San Diego; Washington University (WUSTL); Stanford University; Wesleyan University
摘要：In settings with uncertainty, tension exists between ex ante and ex post notions of fairness. Subjects in an experiment most commonly select the ex ante fair alternative ex ante and switch to the ex post fair alternative ex post. One potential explanation embraces consequentialism and construes reversals as time inconsistent. Another abandons consequentialism in favor of deontological (rule-based) ethics and thereby avoids the implication that revisions imply inconsistency. We test these expla...
-
作者：Ashraf, Nava; Bau, Natalie; Nunn, Nathan; Voena, Alessandra
作者单位：University of London; London School Economics & Political Science; University of California System; University of California Los Angeles; Centre for Economic Policy Research - UK; Canadian Institute for Advanced Research (CIFAR); Harvard University; National Bureau of Economic Research; University of Chicago
摘要：We document an important consequence of bride price, a payment made by the groom to the bride's family at marriage. Revisiting Indonesia's school construction program, we find that among ethnic groups without the custom, it had no effect on girls' schooling. Among ethnic groups with the custom, it had large positive effects. We show (theoretically and empirically) that this is because a daughter's education, by increasing the amount of money parents receive at marriage, generates an additional...
-
作者：Persson, Petra
作者单位：Stanford University; National Bureau of Economic Research
摘要：Social insurance is often linked to marriage. Existing evidence suggests small marital responses to financial incentives and stems from settings where benefits are realized in the near future. I analyze how linking survivors insurance to marriage affects the marriage market. Exploiting Sweden's elimination of survivors insurance, I demonstrate that severing this link (1) affected entry into marriage up to 50 years before expected payout, (2) raised the divorce rate by 10%, and (3) raised the a...
-
作者：Acemoglu, Daron; Cheema, Ali; Khwaja, Asim, I; Robinson, James A.
作者单位：Massachusetts Institute of Technology (MIT); Lahore University of Management Sciences; Harvard University
摘要：This paper investigates whether information about improved public services can help build trust in state institutions and move people away from nonstate actors. We find that (truthful) information about reduced delays in state courts in rural Pakistan leads to citizens reporting higher likelihood of using them and to greater allocations to the state in high-stakes lab games. We also find negative indirect effects on nonstate actors and show that these changes are a response to improved beliefs...
-
作者：Campbell, John Y.; Pflueger, Carolin; Viceira, Luis M.
作者单位：Harvard University; National Bureau of Economic Research; University of Chicago; Harvard University
摘要：Our new model of consumption-based habit generates time-varying risk premia on bonds and stocks from log-linear, homoskedastic macroeconomic dynamics. Consumers' first-order condition for the real risk-free bond generates an exactly log-linear consumption Euler equation, commonly assumed in New Keynesian models. We estimate that the correlation between inflation and the output gap switched from negative to positive in 2001. Higher inflation lowers real bond returns, and higher output raises st...
-
作者：Akbarpour, Mohammad; Li, Shengwu; Gharan, Shayan Oveis
作者单位：Stanford University; Harvard University; University of Washington; University of Washington Seattle
摘要：We introduce a simple model of dynamic matching in networked markets, where agents arrive and depart stochastically and the composition of the trade network depends endogenously on the matching algorithm. If the planner can identify agents who are about to depart, then waiting to thicken the market substantially reduces the fraction of unmatched agents. If not, then matching agents greedily is close to optimal. We specify conditions under which local algorithms that choose the right time to ma...
-
作者：Ciscato, Edoardo; Galichon, Alfred; Gousse, Marion
作者单位：KU Leuven; New York University; Laval University
摘要：In this paper, we extend Gary Becker's empirical analysis of the marriage market to same-sex couples. We build an equilibrium model of the same-sex marriage market that allows for straightforward identification of the gains of marriage. We estimate the model with 2008-12 American Community Survey data on California and find that positive assortative mating is weaker for same-sex couples than for different-sex couples with respect to age and race. Positive assortative mating on education is str...
-
作者：Krasnokutskaya, Elena; Song, Kyungchul; Tang, Xun
作者单位：Johns Hopkins University; University of British Columbia; Rice University
摘要：In online procurement markets, projects are often allocated through a mechanism that allows buyers to take into account a seller's nonprice characteristics as well as his bid. We design a methodology to recover primitives of the environment in the presence of unobserved seller heterogeneity while accommodating two important features of such markets: buyer-specific choice sets and the high turnover of sellers. We apply our method to data from an online market for programming services, to assess...
-
作者：Halac, Marina; Yared, Pierre
作者单位：Yale University; Center for Economic & Policy Research (CEPR); Columbia University; National Bureau of Economic Research
摘要：A principal faces an agent who is better informed but biased toward higher actions. She can verify the agent's information and specify his permissible actions. We show that if the verification cost is small enough, a threshold with an escape clause (TEC) is optimal: the agent either chooses an action below a threshold or requests verification and the efficient action above the threshold. For higher costs, however, the principal may require verification only for intermediate actions, dividing t...
