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作者：Faberman, R. Jason; Mueller, Andreas, I; Sahin, Aysegul; Topa, Giorgio
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of Texas System; University of Texas Austin; National Bureau of Economic Research; Centre for Economic Policy Research - UK; IZA Institute Labor Economics
摘要：We develop a unique survey that focuses on the job search behavior of individuals regardless of their labor force status and field it annually starting in 2013. We use our survey to study the relationship between search effort and outcomes for the employed and non-employed. Three important facts stand out: (1) on-the-job search is pervasive, and is more intense at the lower rungs of the job ladder; (2) the employed are at least three times more effective than the unemployed in job search; and ...
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作者：Casini, Alessandro
作者单位：University of Rome Tor Vergata
摘要：This comment includes a solution to a problem in Section 8 in Andrews (1991) and points out a method to generalize the mean-squared error (MSE) bounds appearing in Andrews (1988) and Andrews (1991).
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作者：Konig, Michael; Storesletten, Kjetil; Song, Zheng; Zilibotti, Fabrizio
作者单位：Vrije Universiteit Amsterdam; Centre for Economic Policy Research - UK; University of Minnesota System; University of Minnesota Twin Cities; Chinese University of Hong Kong; Yale University; National Bureau of Economic Research
摘要：We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of misallocation on TFP growth in emerging economies. We structurally estimate the stationary state of the dynamic model targeting moments of the empirical distribution of R&D and TFP growth in China during t...
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作者：Ball, Ian; Jackson, Matthew O.; Kattwinkel, Deniz
作者单位：Massachusetts Institute of Technology (MIT); Stanford University; University of London; University College London
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作者：Sviatschi, Maria Micaela
作者单位：Princeton University
摘要：This paper provides evidence that exposure to illegal labor markets during childhood leads to the formation of industry-specific human capital at an early age, putting children on a criminal life path. Using the timing of U.S. antidrug policies, I show that when the return to illegal activities increases in coca suitable areas in Peru, parents increase the use of child labor for coca farming, putting children on a criminal life path. Using administrative records, I show that affected children ...
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作者：Doval, Laura; Skreta, Vasiliki
作者单位：Columbia University; University of Texas System; University of Texas Austin; University of London; University College London
摘要：We develop a tool akin to the revelation principle for dynamic mechanism-selection games in which the designer can only commit to short-term mechanisms. We identify a canonical class of mechanisms rich enough to replicate the outcomes of any equilibrium in a mechanism-selection game between an uninformed designer and a privately informed agent. A cornerstone of our methodology is the idea that a mechanism should encode not only the rules that determine the allocation, but also the information ...
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作者：Bilal, Adrien; Engbom, Niklas; Mongey, Simon; Violante, Giovanni L.
作者单位：Center for Economic & Policy Research (CEPR); Harvard University; National Bureau of Economic Research; New York University; Center for Economic & Policy Research (CEPR); University of Chicago; Center for Economic & Policy Research (CEPR); Princeton University
摘要：This paper integrates the classic theory of firm boundaries, through span of control or taste for variety, into a model of the labor market with random matching and on-the-job search. Firms choose when to enter and exit, whether to create vacancies or destroy jobs in response to shocks, and Bertrand-compete to hire and retain workers. Tractability is obtained by proving that, under a parsimonious set of assumptions, all worker and firm decisions are characterized by their joint surplus, which ...
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作者：Bray, Robert L.
作者单位：Northwestern University
摘要：Rust (1997b) discovered a class of dynamic programs that can be solved in polynomial time with a randomized algorithm. For these dynamic programs, the optimal values of a polynomially large sample of states are sufficient statistics for the (near) optimal values everywhere, and the values of this random sample can be bootstrapped from the sample itself. However, I show that this class is limited, as it requires all but a vanishingly small fraction of state variables to behave arbitrarily simil...
