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作者：[Anonymous]
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作者：Yagan, Danny
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：This paper uses US local areas as a laboratory to test for long-term impacts of the Great Recession. In administrative longitudinal data, I estimate that exposure to a 1 percentage point larger 2007-9 local unemployment shock reduced 2015 working-age employment rates by over 0.3 percentage points. Rescaled, this long-term recession impact accounts for over half of the 2007-15 US age-adjusted employment decline. Impacts were larger among older and lower-earning individuals and typically involve...
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作者：Bryan, Gharad; Morten, Melanie
作者单位：University of London; London School Economics & Political Science; Stanford University; National Bureau of Economic Research
摘要：We estimate the aggregate productivity gains from reducing barriers to internal labor migration in Indonesia, accounting for worker selection and spatial differences in human capital. We distinguish between movement costs, which mean workers will move only if they expect higher wages, and amenity differences, which mean some locations must pay more to attract workers. We find modest but important aggregate impacts. We estimate a 22 percent increase in labor productivity from removing all barri...
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作者：Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay
作者单位：University of London; University College London; University of London; London School Economics & Political Science; Stanford University; Tel Aviv University
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作者：Berger, David; Vavra, Joseph
作者单位：Northwestern University; National Bureau of Economic Research; University of Chicago
摘要：The dispersion of many economic variables is countercyclical. What drives this fact? Greater dispersion could arise from greater volatility of shocks or from agents responding more to shocks of constant size. Without data separately measuring exogenous shocks and endogenous responses, a theoretical debate between these explanations has emerged. In this paper, we provide novel identification using price data in the open-economy environment: using confidential BLS microdata, we document a robust...
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作者：Che, Yeon-Koo; Tercieux, Olivier
作者单位：Columbia University; Paris School of Economics; Centre National de la Recherche Scientifique (CNRS)
摘要：We study efficient and stable mechanisms in matching markets when the number of agents is large and individuals' preferences and priorities are drawn randomly. When agents' preferences are uncorrelated, then both efficiency and stability can be achieved in an asymptotic sense via standard mechanisms such as deferred acceptance and top trading cycles. When agents' preferences are correlated over objects, however, these mechanisms are either inefficient or unstable, even in an asymptotic sense. ...
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作者：Maasoumi, Esfandiar; Wang, Le
作者单位：Emory University; University of Oklahoma System; University of Oklahoma - Norman
摘要：We advocate a different approach to measure the gender gap, summarizing each distribution by suitable evaluative functions and computing the difference between the evaluations. Unlike the conventional approach, ours does not assume rank invariance. We discuss the decision-theoretic framework behind different functions and introduce measures based on entropy functions. We further adopt quantile-copula approaches to account for selection into full-time employment and discuss how to take into acc...
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作者：Chassang, Sylvain; Ortner, Juan
作者单位：New York University; Boston University
摘要：We study the mechanics of cartel enforcement and its interaction with bidding constraints in the context of repeated procurement auctions. Under collusion, bidding constraints weaken cartels by limiting the scope of punishment. This yields a test of collusive behavior exploiting the counterintuitive prediction that introducing minimum prices can lower the winning-bid distribution. The model's predictions are borne out in Japanese procurement data, where we find evidence that minimum prices wea...
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作者：Lopez, Angel L.; Vives, Xavier
作者单位：Autonomous University of Barcelona; University of Navarra; IESE Business School
摘要：This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase (decrease) R&D and output for high (low) enough spillovers while they increase R&D but decrease output for intermediate levels of spillovers. There is scope for overlapping ownership to improve welfare and c...
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作者：Arellano, Cristina; Bai, Yan; Kehoe, Patrick J.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; University of Rochester; Stanford University
摘要：The US Great Recession featured a large decline in output and labor, tighter financial conditions, and a large increase in firm growth dispersion. We build a model in which increased volatility at the firm level generates a downturn and worsened credit conditions. The key idea is that hiring inputs is risky because financial frictions limit firms' ability to insure against shocks. An increase in volatility induces firms to reduce their inputs to reduce such risk. Our model can generate most of...
