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作者：Angelucci, Manuela; Bennett, Daniel
作者单位：University of Texas System; University of Texas Austin; University of Southern California; University of Southern California
摘要：This study evaluates the impact of depression treatment on economic behavior in Karnataka, India. We cross -randomize pharmacotherapy and livelihoods assistance among 1,000 depressed adults and evaluate impacts on depression severity, socioeconomic outcomes, and several potential pathways. When combined, the interventions reduce depression severity, with benefits that persist after treatment concludes. Pharmacotherapy alone has a weaker effect that is only marginally significant and dissipates...
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作者：Ellison, Martin; Lee, Sang Seok; O'Rourke, Kevin Hjortshoj
作者单位：University of Oxford; Ihsan Dogramaci Bilkent University; New York University; New York University Abu Dhabi
摘要：How did countries recover from the Great Depression? In this paper, we explore the argument that leaving the gold standard helped by boosting inflationary expectations, lowering real interest rates, and stimulating interest -sensitive expenditures. We do so for a sample of 27 countries, using modern nowcasting methods and a new dataset containing more than 230,000 monthly and quarterly observations for over 1,500 variables. In those cases where the departure from gold happened on well-defined ...
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作者：Cusumano, Carlo M.; Fabbri, Francesco; Pieroth, Ferdinand
作者单位：Yale University; Princeton University
摘要：Two homogeneous -good firms compete for a consumer's unitary demand. The consumer is rationally inattentive and pays entropy costs to process information about firms' offers. Compared to a collusion benchmark, competition produces two effects. As in standard models, competition puts downward pressure on prices. But, additionally, an attention effect arises: the consumer engages in trade more often. This alleviates the commitment problem that firms have when facing inattentive consumers and inc...
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作者：Castro-Pires, Henrique; Chade, Hector; Swinkels, Jeroen
作者单位：University of Surrey; Arizona State University; Arizona State University-Tempe; Northwestern University
摘要：While many real -world principal -agent problems have both moral hazard and adverse selection, existing tools largely analyze only one at a time. Do the insights from the separate analyses survive when the frictions are combined? We develop a simple method-decouplingto study both problems at once. When decoupling works, everything we know from the separate analyses carries over, but interesting interactions also arise. We provide simple tests for whether decoupling is valid. We develop and num...
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作者：De Ridder, Maarten
作者单位：University of London; London School Economics & Political Science
摘要：This paper offers a unified explanation for the slowdown of productivity growth, the decline in business dynamism, and the rise of market power. Using a quantitative framework, I show that the rise of intangible inputs, such as software, can explain these trends. Intangibles reduce marginal costs and raise fixed costs, which gives firms with high -intangible adoption a competitive advantage, in turn deterring other firms from entering. I structurally estimate the model on French and US micro d...
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作者：Kinnan, Cynthia; Samphantharak, Krislert; Townsend, Robert; Vera-cossio, Diego
作者单位：Tufts University; National Bureau of Economic Research; University of California System; University of California San Diego; Massachusetts Institute of Technology (MIT); Inter-American Development Bank
摘要：Firms in developing countries are embedded in supply chains and labor networks. These linkages may propagate or attenuate shocks. Using panel data from Thai villages, we document three facts: as households facing idiosyncratic shocks adjust their production, these shocks propagate to other households on both the production and consumption sides; propagation is greater via labor than supply chain links; and shocks in denser networks and to more central households propagate more, while access to...
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作者：Daruich, Diego; Fernandez, Raquel
作者单位：New York University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; IZA Institute Labor Economics
摘要：Universal basic income (UBI) is an increasingly popular policy proposal, but there is no evidence regarding its longer-term consequences. We find that UBI generates large welfare losses in a genshocks, and intergenerational linkages via skill formation and transfers. This conclusion is robust to various alternative ways of financing UBI. By using observationally equivalent models that eliminate different sources of endogenous dynamic linkages (equilibrium capital market and parental investment...
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作者：Kolsrud, Jonas; Landais, Camille; Reck, Daniel; Spinnewijn, Johannes
作者单位：Linnaeus University; University of London; London School Economics & Political Science; University System of Maryland; University of Maryland College Park
摘要：effects of pension reforms. Using Swedish administrative data, we show that on average, workers who retire earlier consume less while retired and experience larger drops in consumption around retirement. Interpreted via a theoretical model, these findings imply that reforms incentivizing later retirement incur a substantial consumption smoothing cost. Turning to other features of pension policy, we find that reforms that redistribute based on early-career labor supply would have opposite-signe...
