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作者：Landais, Camille; Nekoei, Arash; Nilsson, Peter; Seim, David; Spinnewijn, Johannes
作者单位：University of London; London School Economics & Political Science; Stockholm University; Stockholm University
摘要：This paper studies whether adverse selection can rationalize a universal mandate for unemployment insurance (UI). Building on a unique feature of the unemployment policy in Sweden, where workers can opt for supplemental UI coverage above a minimum mandate, we provide the first direct evidence for adverse selection in UI and derive its implications for UI design. We find that the unemployment risk is more than twice as high for workers who buy supplemental coverage. Exploiting variation in risk...
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作者：Biais, Bruno; Hombert, Johan; Weill, Pierre-Olivier
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Hautes Etudes Commerciales (HEC) Paris; University of California System; University of California Los Angeles; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要：Incentive problems make securities' payoffs imperfectly pledge able , limiting agents' ability to issue liabilities. We analyze the equilibrium consequences of such endogenous incompleteness in a dynamic exchange economy. Because markets are endogenously incomplete , agents have different intertemporal marginal rates of substitution , so that they value assets differently. Consequently , agents hold different portfolios. This leads to endogenous markets segmentation , which we characterize wit...
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作者：Breza, Emily; Kaur, Supreet; Shamdasani, Yogita
作者单位：Harvard University; University of California System; University of California Berkeley; National University of Singapore
摘要：This paper measures excess labor supply in equilibrium. We induce hiring shocks which employ 24 percent of the labor force in external month-long jobs-in Indian local labor markets. In peak months, wages increase instantaneously and local aggregate employment declines. In lean months, consistent with severe labor rationing, wages and aggregate employment are unchanged, with positive employment spillovers on remaining workers, indicating that over a quarter of labor supply is rationed. At least...
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作者：Abramitzky, Ran; Boustan, Leah; Jacome, Elisa; Perez, Santiago
作者单位：Stanford University; National Bureau of Economic Research; Princeton University; University of California System; University of California Davis
摘要：Using millions of father-son pairs spanning more than 100 years of US history, we find that children of immigrants from nearly every sending country have higher rates of upward mobility than children of the US-born. Immigrants' advantage is similar historically and today despite dramatic shifts in sending countries and US immigration policy. Immigrants achieve this advantage in part by choosing to settle in locations that offer better prospects for their children.
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作者：Serra-Garcia, Marta; Gneezy, Uri
作者单位：University of California System; University of California San Diego; Leibniz Association; Ifo Institut
摘要：Mistakes and overconfidence in detecting lies could help lies spread. Participants in our experiments observe videos in which senders either tell the truth or lie, and are incentivized to distinguish between them. We find that participants fail to detect lies, but are overconfident about their ability to do so. We use these findings to study the determinants of sharing and its effect on lie detection, finding that even when incentivized to share truthful videos, participants are more likely to...
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作者：Waldinger, Daniel
作者单位：New York University
摘要：Public housing benefits are rationed through wait lists. Theoretical work on public housing allocation has debated how much choice applicants should have over units, identifying a possible trade-off between efficiency and redistribution. This paper empirically establishes the existence and economic importance of this trade-off using wait list data from Cambridge, Massachusetts. I estimate a model of public housing preferences in a setting where heterogeneous apartments are rationed through wai...
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作者：Tirole, Jean
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：Autocratic regimes, democratic majorities, private platforms, and religious or professional organizations can achieve social control by managing the flow of information about individuals' behavior. Bundling the agents' political, organizational, or religious attitudes with information about their prosocial conduct makes them care about behaviors that they otherwise would not. The incorporation of the individuals' social graph in their social score further promotes soft control but destroys the...
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作者：Adermon, Adrian; Lindahl, Mikael; Palme, Marten
作者单位：University of Gothenburg; Leibniz Association; Ifo Institut; IZA Institute Labor Economics; Stockholm University
摘要：We estimate long-run intergenerational persistence in human capital using information on outcomes for the extended family: the dynasty. A dataset including the entire Swedish population, linking four generations, allows us to identify parents' siblings and cousins, their spouses, and spouses' siblings. Using various human capital measures, we show that traditional parent-child estimates underestimate long-run intergenerational persistence by at least one-third. By adding outcomes for more dist...
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作者：Gerard, Francois; Naritomi, Joana
作者单位：University of London; Queen Mary University London; University of London; London School Economics & Political Science
摘要：We study the spending profile of workers who experience both a positive transitory income shock (lump-sum severance pay) and a negative permanent income shock (layoff). Using de-identified expenditure and employment data from Brazil, we show that workers increase spending at layoff by 35 percent despite experiencing a 14 percent long-term loss. We find high sensitivity of spending to cash-on-hand across consumption categories and for several sources of variation, including predictable income d...
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作者：Bernheim, B. Douglas; Braghieri, Luca; Martinez-Marquina, Alejandro; Zuckerman, David
作者单位：Stanford University
摘要：We propose and develop a dynamic theory of endogenous preference formation in which people adopt worldviews that shape their judgments about their experiences. The framework highlights the role of mindset flexibility, a trait that determines the relative weights the decision-maker places on her current and anticipated worldviews when evaluating future outcomes. The theory generates rich behavioral dynamics, thereby illuminating a wide range of applications and providing potential explanations ...
