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作者：Eckstein, Zvi; Keane, Michael; Lifshitz, Osnat
作者单位：Reichman University; University of New South Wales Sydney
摘要：Comparing the 1935 and 1975 U.S. birth cohorts, wages of married women grew twice as fast as for married men, and the wage gap between married and single women turned from negative to positive. The employment rate of married women also increased sharply, while that of other groups remained quite stable. To better understand these diverse patterns, we develop a life-cycle model incorporating individual and household decisions about education, employment, marriage/divorce, and fertility. The mod...
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作者：Bonhomme, Stephane; Lamadon, Thibaut; Manresa, Elena
作者单位：University of Chicago; New York University
摘要：We propose a framework to identify and estimate earnings distributions and worker composition on matched panel data, allowing for two-sided worker-firm unobserved heterogeneity and complementarities in earnings. We introduce two models: a static model that allows for nonlinear interactions between workers and firms, and a dynamic model that allows, in addition, for Markovian earnings dynamics and endogenous mobility. We show that this framework nests a number of structural models of wages and ...
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作者：Casella, Alessandra; Palfrey, Thomas
作者单位：Columbia University; Columbia University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); California Institute of Technology
摘要：We develop a framework to study the dynamics of vote trading over multiple binary issues. We prove that there always exists a stable allocation of votes that is reachable in a finite number of trades, for any number of voters and issues, any separable preference profile, and any restrictions on the coalitions that may form. If at every step all blocking trades are chosen with positive probability, convergence to a stable allocation occurs in finite time with probability 1. If coalitions are un...
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作者：Besley, Tim
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作者：Jochmans, Koen; Weidner, Martin
作者单位：University of Cambridge; University of London; University College London
摘要：This paper considers inference on fixed effects in a linear regression model estimated from network data. An important special case of our setup is the two-way regression model. This is a workhorse technique in the analysis of matched data sets, such as employer-employee or student-teacher panel data. We formalize how the structure of the network affects the accuracy with which the fixed effects can be estimated. This allows us to derive sufficient conditions on the network for consistent esti...
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作者：Kleiner, Andreas; Manelli, Alejandro
作者单位：Arizona State University; Arizona State University-Tempe
摘要：The main result in Daskalakis, Deckelbaum, and Tzamos (2017) establishes strong duality in the monopoly problem with an argument based on transportation theory. We provide a short, alternative proof using linear programming.
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作者：Chen, Songnian; Khan, Shakeeb; Tang, Xun
作者单位：Hong Kong University of Science & Technology; Rice University
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作者：Fleiner, Tamas; Jagadeesan, Ravi; Janko, Zsuzsanna; Teytelboym, Alexander
作者单位：Budapest University of Technology & Economics; HUN-REN; HUN-REN Centre for Economic & Regional Studies; Institute of Economics - HAS; Hungarian Academy of Sciences; Harvard University; Harvard University; University of Hamburg; Corvinus University Budapest; University of Oxford; University of Oxford
摘要：We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks. Our model incorporates distortionary frictions such as transaction taxes and commissions. When contracts are fully substitutable for firms, competitive equilibria exist and coincide with outcomes that satisfy a cooperative solution concept called trail stability. However, competitive equilibria are generally neither stable nor Pareto-efficient.
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作者：Braun, R. Anton; Kopecky, Karen A.; Koreshkova, Tatyana
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Atlanta; Concordia University - Canada; Universite de Montreal
摘要：Half of U.S. 50-year-olds will experience a nursing home stay before they die, and one in ten will incur out-of-pocket long-term care expenses in excess of $200,000. Surprisingly, only about 10% of individuals over age 62 have private long-term care insurance (LTCI) and LTCI takeup rates are low at all wealth levels. We analyze the contributions of Medicaid, administrative costs, and asymmetric information about nursing home entry risk to low LTCI takeup rates in a quantitative equilibrium con...
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作者：Trebbi, Francesco; Weese, Eric
作者单位：University of British Columbia; Canadian Institute for Advanced Research (CIFAR); National Bureau of Economic Research; Kobe University
摘要：Insurgency and guerrilla warfare impose enormous socio-economic costs and often persist for decades. The opacity of such forms of conflict is an obstacle to effective international humanitarian intervention and development programs. To shed light on the internal organization of otherwise unknown insurgent groups, this paper proposes two methodologies for the detection of unobserved coalitions of militants in conflict areas. These approaches are based on daily geocoded incident-level data on in...
