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作者：Kuhn, Peter; Shen, Kailing
作者单位：University of California System; University of California Santa Barbara; National Bureau of Economic Research; IZA Institute Labor Economics; Australian National University
摘要：When employers'explicit gender requests were unexpectedly removed from a Chinese job board overnight, pools of successful applicants became more integrated: women's (men's) share of callbacks to jobs that had requested men (women) rose by 61 (146) percent. The removal worked in this sense because it generated a large increase in gender-mismatched applications, and because those applications were treated surprisingly well by employers, suggesting that employ-ers' gender requests often represent...
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作者：Akbar, Prottoy; Couture, Victor; Duranton, Gilles; Storeygard, Adam
作者单位：Aalto University; University of British Columbia; University of Pennsylvania; Tufts University
摘要：We develop a methodology to estimate robust city-level vehicu-lar speed indices, exactly decomposable into uncongested speed and congestion. We apply it to 180 Indian cities using 57 million simulated trips measured by a web mapping service. We verify the reliability of our simulated trips using a number of alternative data sources, including data on actual trips. We find wide variation in speed across cities that is driven more by differences in uncon-gested speed than congestion. Denser and ...
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作者：Sraer, D. A. V. I. D.; Thesmar, D. A. V. I. D.
作者单位：National Bureau of Economic Research; University of California System; University of California Berkeley; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：We propose a method to estimate the effect of firm policies (e.g., bankruptcy laws) on allocative efficiency using (quasi -)experimen-tal evidence. Our approach takes general equilibrium effects into account and requires neither a structural estimation nor a precise assumption on how the experiment affects firms. Our aggregation formula relies on treatment effects of the policy on the distribution of output-to-capital ratios, which are easily estimated. We show this method is valid for a large...
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作者：Kashyap, Anil K.; Kovrijnykh, Natalia; Li, Jian; Pavlova, Anna
作者单位：National Bureau of Economic Research; University of Chicago; Center for Economic & Policy Research (CEPR); Arizona State University; Arizona State University-Tempe; Columbia University; University of London; London Business School
摘要：We propose a tractable model of asset management in which bench -marking arises endogenously, and analyze its welfare consequences. Fund managers' portfolios are not contractible and they incur pri-vate costs in running them. Incentive contracts for fund managers create a pecuniary externality through their effect on asset prices. Benchmarking inflates asset prices and creates crowded trades. The crowding reduces the effectiveness of benchmarking in incen-tive contracts for others, which fund ...
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作者：Antras, Pol; Redding, Stephen J.; Rossi-Hansberg, Esteban
作者单位：Harvard University; National Bureau of Economic Research; Princeton University; University of Chicago
摘要：We provide theory and evidence on the relationship between global-ization and pandemics. Business travel facilitates trade and travel leads to human interactions that transmit disease. Trade-motivated travel generates an epidemiological externality across countries. If infections lead to deaths, or reduce individual labor supply, we establish a general equilibrium social distancing effect, whereby increases in relative prices in unhealthy countries reduce travel to those countries. If agents i...
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作者：Patterson, Christina
作者单位：University of Chicago
摘要：This paper shows that the unequal incidence of recessions in the labor market amplifies aggregate shocks. Using administrative data from the United States, I document a positive covariance between workers' marginal propensities to consume (MPCs) and their elas-ticities of earnings to GDP, which is a key moment for a new class of heterogeneous-agent models. I define the matching multiplier as the increase in the multiplier stemming from this matching of high MPC workers to more cyclical jobs. I...
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作者：Ainsworth, Robert; Dehejia, Rajeev; Pop-Eleches, Cristian; Urquiola, Miguel
作者单位：State University System of Florida; University of Florida; New York University; National Bureau of Economic Research; Columbia University; Columbia University
摘要：Romanian households could choose schools with one standard devi-ation worth of additional value added. Why do households leave value added on the table? We study two possibilities: (i) informa-tion and (ii) preferences for other school traits. In an experiment, we inform randomly selected households about schools' value added. These households choose schools with up to 0.2 standard deviations of additional value added. We then estimate a discrete choice model and show that households have pref...
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作者：Boehm, Christoph E.; Levchenko, Andrei A.; Pandalai-Nayar, Nitya
作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research; University of Michigan System; University of Michigan
摘要：When countries change most favored nation (MFN) tariffs, part-ners that trade on MFN terms experience plausibly exogenous tariff changes. Using this variation, we estimate the trade elastic-ity at short and long horizons with local projections. We find that the elasticity of tariff-exclusive trade flows is-0.76 in the short run, and approximately-2 in the long run. Our long-run esti-mates are smaller than typical in the literature, and it takes 7 to10 years to converge to the long run, implyin...
