-
作者：Carrillo-Tudela, Carlos; Visschers, Ludo
作者单位：University of Essex; Centre for Economic Policy Research - UK; IZA Institute Labor Economics; University of Edinburgh; Universidad Carlos III de Madrid
摘要：This paper studies the extent to which the cyclicality of occupational mobility shapes that of aggregate unemployment and its duration distribution. We document the relation between workers' occupational mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop a multisector business cycle model with heterogenous agents. The model is quantitatively consistent with several important features of the US labor market: procyclical gross and coun...
-
作者：Citanna, Alex; Gottlieb, Daniel; Siconolfi, Paolo; Zhang, Xingtan
作者单位：New York University; New York University Abu Dhabi; University of London; London School Economics & Political Science; Columbia University; University of Colorado System; University of Colorado Boulder
-
作者：Frahm, Gabriel; Hartmann, Lorenz
作者单位：Helmut Schmidt University; University of Basel
-
作者：Dilme, Francesc; Garrett, Daniel F.
作者单位：University of Bonn; University of Essex
摘要：Work on relational employment agreements often predicts low payments or termination for poor performance. The possibility of saving can, however, limit the effectiveness of monetary incentives in motivating an employee with diminishing marginal utility for consumption. We study the role of savings and their observability in optimal relational contracts. We focus on the case where players are not too patient, and hence the constant first-best effort cannot be implemented. If savings are hidden,...
-
作者：Forneron, Jean-Jacques
作者单位：Boston University
摘要：This paper proposes a Sieve Simulated Method of Moments (Sieve-SMM) estimator for the parameters and the distribution of the shocks in nonlinear dynamic models where the likelihood and the moments are not tractable. An important concern with SMM, which matches sample with simulated moments, is that a parametric distribution is required. However, economic quantities that depend on this distribution, such as welfare and asset prices, can be sensitive to misspecification. The Sieve-SMM estimator ...
-
作者：Gomez, Matthieu
作者单位：Columbia University
摘要：What drives the dynamics of top wealth inequality? To answer this question, I propose an accounting framework that decomposes the growth of the share of aggregate wealth owned by a top percentile into three terms: a within term, which is the average wealth growth of individuals initially in the top percentile relative to the economy; a between term, which accounts for individuals entering and exiting the top percentile due to changes in their relative wealth rankings; and a demography term, wh...
-
作者：Lagakos, David; Mobarak, Ahmed Mushfiq; Waugh, Michael E.
作者单位：Boston University; National Bureau of Economic Research; Yale University; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
摘要：This paper studies the welfare effects of encouraging rural-urban migration in the developing world. To do so, we build and analyze a dynamic general-equilibrium model of migration that features a rich set of migration motives. We estimate the model to replicate the results of a field experiment that subsidized seasonal migration in rural Bangladesh, leading to significant increases in migration and consumption. We show that the welfare gains from migration subsidies come from providing better...
-
作者：Cullen, Zoe B.; Pakzad-Hurson, Bobak
作者单位：Harvard University; National Bureau of Economic Research; Brown University
摘要：The discourse around pay transparency has focused on partial equilibrium effects: how workers rectify pay inequities through informed renegotiation. We investigate how employers respond in equilibrium. We study a model of bargaining under two-sided incomplete information. Our model predicts that transparency reduces the individual bargaining power of workers, leading to lower average wages. A key insight is that employers credibly refuse to pay high wages to any one worker to avoid costly rene...
-
作者：Bierbrauer, Felix J. J.; Boyer, Pierre C. C.; Hansen, Emanuel
作者单位：University of Cologne; Institut Polytechnique de Paris; Ecole Polytechnique; ENSAE Paris; University of Munich
摘要：We develop a new approach for the identification of Pareto-improving tax reforms. This approach yields necessary and sufficient conditions for the existence of Pareto-improving reform directions. A main insight is that Two brackets are enough: When the system cannot be improved by altering tax rates in one or two income brackets, then there is no continuous reform direction that is Pareto-improving. We also show how to check whether a given tax reform is Pareto-improving. We use these tools to...
-
作者：Barahona, Nano; Otero, Cristobal; Otero, Sebastian
作者单位：University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：We study a regulation in Chile that mandates warning labels on products whose sugar or caloric concentration exceeds certain thresholds. We show that consumers substitute from labeled to unlabeled products-a pattern mostly driven by products that consumers mistakenly believe to be healthy. On the supply side, we find substantial reformulation of products and bunching at the thresholds. We develop and estimate an equilibrium model of demand for food and firms' pricing and nutritional choices. W...
