-
作者：Solis, Alex
作者单位：Uppsala University
摘要：Does access to credit explain the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question based on the causal effects of two college loan programs in Chile that are available to students scoring above a threshold on the national college admission test, enabling a regression discontinuity design. I find that credit access leads to a 100 percent increase in immediate college enrollment and a 50 percent increase in the probab...
-
作者：Hortacsu, Ali
作者单位：University of Chicago
-
作者：Acemoglu, Daron; Robinson, James A.; Verdier, Thierry
作者单位：Massachusetts Institute of Technology (MIT); University of Chicago; Paris School of Economics; Institut Polytechnique de Paris; Ecole des Ponts ParisTech; Pontificia Universidade Catolica do Rio de Janeiro
摘要：We present a model of technologically interconnected countries that benefit and potentially contribute to advances in the world technology frontier. Greater inequality between successful and unsuccessful entrepreneurs increases entrepreneurial effort and a country's contribution to that frontier. Under plausible assumptions, the world equilibrium is asymmetric, involving different economic institutions and technology levels for different countries. Some countries become technology leaders and ...
-
作者：Oreopoulos, Philip; Brown, Robert S.; Lavecchia, Adam M.
作者单位：University of Toronto; National Bureau of Economic Research; Canadian Institute for Advanced Research (CIFAR); University of Ottawa
摘要：Pathways to Education is a comprehensive support program developed to improve academic outcomes of high school students from very poor social-economic backgrounds. The program includes proactive mentoring, daily tutoring, and group activities, combined with intermediate and long-term incentives to reinforce a minimum degree of mandatory participation; it began in 2001 for entering grade 9 students living in Regent Park, the largest public housing project in Toronto. It expanded in 2007 to incl...
-
作者：Ashlagi, Itai; Kanoria, Yash; Leshno, Jacob D.
作者单位：Stanford University; Columbia University
摘要：We study competition in matching markets with random heterogeneous preferences and an unequal number of agents on either side. First, we show that even the slightest imbalance yields an essentially unique stable matching. Second, we give a tight description of stable outcomes, showing that matching markets are extremely competitive. Each agent on the short side of the market is matched with one of his top choices, and each agent on the long side either is unmatched or does almost no better tha...
-
作者：Cohen, Lauren; Coval, Joshua; Malloy, Christopher
作者单位：Harvard University; National Bureau of Economic Research
-
作者：Myerson, Roger
作者单位：University of Chicago
-
作者：Vishny, Robert; Zingales, Luigi
作者单位：University of Chicago
-
作者：Chen, Yan; Kesten, Onur
作者单位：University of Michigan System; University of Michigan; Tsinghua University; Carnegie Mellon University
摘要：Each year approximately 10 million high school seniors in China compete for 6 million seats through a centralized college admissions system. Within the last decade, many provinces have transitioned from a sequential to a parallel mechanism to make their admissions decisions. In this study, we characterize a parametric family of application-rejection assignment mechanisms, including the sequential, deferred acceptance, and parallel mechanisms in a nested framework. We show that all of the provi...
-
作者：Jimenez, Gabriel; Ongena, Steven; Peydro, Jose-Luis; Saurina, Jesus
作者单位：Banco de Espana; University of Zurich; Swiss Finance Institute (SFI); Centre for Economic Policy Research - UK; Pompeu Fabra University; ICREA; Centre de Recerca en Economia Internacional (CREI); Imperial College London
摘要：To study the impact of macroprudential policy on credit supply cycles and real effects, we analyze dynamic provisioning. Introduced in Spain in 2000, revised four times, and tested in its countercyclicality during the crisis, it affected banks differentially. We find that dynamic provisioning smooths credit supply cycles and, in had times, supports firm performance. A 1 percentage point increase in capital buffers extends credit to firms by 9 percentage points, increasing firm employment (6 pe...
