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作者：Charles, Kerwin Kofi; Hurst, Erik; Notowidigdo, Matthew J.
作者单位：University of Chicago; National Bureau of Economic Research; University of Chicago; Northwestern University
摘要：We study how the recent housing boom and bust affected college enrollment during the 2000s. We exploit cross-city variation in local housing booms, which improved labor market opportunities for young men and women. We find that the boom lowered college enrollment, with effects concentrated at two-year colleges. The decline in enrollment during the boom was generally reversed during the bust; however, attainment remains persistently low for particular cohorts, suggesting that reduced educationa...
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作者：Blumenstock, Joshua; Callen, Michael; Ghani, Tarek
作者单位：University of California System; University of California Berkeley; University of California System; University of California San Diego; Washington University (WUSTL)
摘要：We report on an experiment examining why default options impact behavior. By randomly assigning employees to different varieties of a salary-linked savings account, we find that default enrollment increases participation by 40 percentage points-an effect equivalent to providing a 50 percent matching incentive. We then use a series of experimental interventions to differentiate between explanations for the default effect, which we conclude is driven largely by present-biased preferences and the...
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作者：Shrinivas, Aditya; Fafchamps, Marcel
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Stanford University
摘要：Mazzocco and Saini (2012) propose and implement a test of efficient risk sharing that allows for preference heterogeneity. They motivate their approach as yielding different results from those of a standard efficiency test with homogeneous preferences. We show that the standard efficiency test results are misreported in their paper and that the correctly reported results do not present as compelling a case for the importance of accounting for heterogeneous preferences.
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作者：Kuziemko, Ilyana; Washington, Ebonya
作者单位：Princeton University; National Bureau of Economic Research; Yale University
摘要：A long-standing debate in political economy is whether voters are driven primarily by economic self-interest or by less pecuniary motives like ethnocentrism. Using newly available data, we reexamine one of the largest partisan shifts in a modern democracy: Southern whites' exodus from the Democratic Party. We show that defection among racially conservative whites explains the entire decline from 1958 to 1980. Racial attitudes also predict whites' earlier partisan shifts. Relative to recent wor...
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作者：Altonji, Joseph G.; Mansfield, Richard K.
作者单位：Yale University; University of Colorado System; University of Colorado Boulder
摘要：We consider the classic problem of estimating group treatment effects when individuals sort based on observed and unobserved characteristics. Using a standard choice model, we show that controlling for group averages of observed individual characteristics potentially absorbs all the across-group variation in unobservable individual characteristics. We use this insight to bound the treatment effect variance of school systems and associated neighborhoods for various outcomes. Across multiple dat...
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作者：Deb, Rahul; Pai, Mallesh M.; Said, Maher
作者单位：University of Toronto; Rice University; New York University
摘要：Motivated by the question of how one should evaluate professional election forecasters, we study a novel dynamic mechanism design problem without transfers. A principal who wishes to hire only high-quality forecasters is faced with an agent of unknown quality. The agent privately observes signals about a publicly observable future event, and may strategically misrepresent information to inflate the principal's perception of his quality. We show that the optimal deterministic mechanism is simpl...
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作者：Powell, David; Seabury, Seth
作者单位：RAND Corporation; University of Southern California; University of Southern California
摘要：Medical care represents an important component of workers' compensation benefits with the potential to improve health and post-injury labor outcomes, but little is known about the relationship between medical care spending and the labor outcomes of injured workers. We exploit the 2003-2004 California workers' compensation reforms which reduced medical spending disproportionately for workers incurring low back injuries. We link administrative claims data to earnings records for injured workers ...
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作者：Chyn, Eric
作者单位：University of Virginia
摘要：This paper provides new evidence on the effects of moving out of disadvantaged neighborhoods on the long-run outcomes of children. I study public housing demolitions in Chicago, which forced low-income households to relocate to less disadvantaged neighborhoods using housing vouchers. Specifically, I compare young adult outcomes of displaced children to their peers who lived in nearby public housing that was not demolished. Displaced children are more likely to be employed and earn more in youn...
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作者：Antolin-Diaz, Juan; Rubio-Ramirez, Juan F.
作者单位：Emory University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta
摘要：We identify structural vector autoregressions using narrative sign restrictions. Narrative sign restrictions constrain the structural shocks and/or the historical decomposition around key historical events, ensuring that they agree with the established narrative account of these episodes. Using models of the oil market and monetary policy, we show that narrative sign restrictions tend to be highly informative. Even a single narrative sign restriction may dramatically sharpen and even change th...
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作者：Mazzocco, Maurizio; Saini, Shiv
作者单位：University of California System; University of California Los Angeles; Adobe Systems Inc.
