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作者：Delavande, Adeline; Zafar, Basit
作者单位：University of Technology Sydney; Universidade Nova de Lisboa; Arizona State University; Arizona State University-Tempe; National Bureau of Economic Research
摘要：We investigate the determinants of students' university choice in Pakistan, with a focus on monetary returns, nonpecuniary factors enjoyed at school, and financial constraints. To mitigate the identification problem concerning the separation of preferences, expectations, and market constraints, we use rich data on subjective expectations, with direct measures of financial constraints, to estimate a life-cycle model of school choice jointly with school-specific expectations of dropping out. We ...
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作者：Bowles, Samuel; Choi, Jung-Kyoo
作者单位：The Santa Fe Institute; Kyungpook National University (KNU)
摘要：Familiar explanations of why hunter-gatherers first took up farming-superior labor productivity, population pressure, or adverse climate-receive little support from recent evidence. Farming would be an unlikely choice without possession-based private property, which appears to have existed among rare groups of sedentary hunter-gatherers who became the first farmers. Our model shows that among them, farming could have benefited first adopters because private possession was more readily establis...
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作者：Dworczak, Piotr; Martini, Giorgio
作者单位：Northwestern University; Stanford University
摘要：We propose a price-theoretic approach to Bayesian persuasion by establishing an analogy between the sender's problem and finding Walrasian equilibria of a persuasion economy. The sender, who acts as a consumer, purchases posterior beliefs at their prices using the prior distribution as her endowment. A single firm has the technology to garble the state. Welfare theorems provide a verification tool for optimality of a persuasion scheme and characterize the structure of prices that support the o...
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作者：Bollinger, Christopher R.; Hirsch, Barry T.; Hokayem, Charles M.; Ziliak, James P.
作者单位：University of Kentucky; University System of Georgia; Georgia State University; IZA Institute Labor Economics
摘要：Earnings nonresponse in household surveys is widespread, yet there is limited knowledge of how nonresponse biases earnings measures. We examine the consequences of nonresponse on earnings gaps and inequality using Current Population Survey individual records linked to administrative earnings data. The common assumption that earnings are missing at random is rejected. Nonresponse across the earnings distribution is U-shaped, highest in the left and right tails. Inequality measures differ betwee...
