2015

最新文章

• A Seniority Arrangement for Sovereign Debt AI翻译
  作者：Chatterjee, Satyajit; Eyigungor, Burcu
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Philadelphia
  摘要：A sovereign's inability to commit to a course of action regarding future borrowing and default behavior makes long-term debt costly (the problem of debt dilution). One mechanism to mitigate this problem is the inclusion of a seniority clause in debt contracts. In the event of default, creditors are to be paid off in the order in which they lent (the absolute priority or first-in-time rule). In this paper, we propose a modification of the absolute priority rule suited to sovereign debts contrac...
• Fertility and Childlessness in the United States AI翻译
  作者：Baudin, Thomas; de la Croix, David; Gobbi, Paula E.
  作者单位：Universite Catholique Louvain; Universite Catholique Louvain; Fonds de la Recherche Scientifique - FNRS
  摘要：We develop a theory of fertility, distinguishing its intensive margin from its extensive margin. The deep parameters are identified using facts from the 1990 US Census: (i) fertility of mothers decreases with education; (ii) childlessness exhibits a U-shaped relationship with education; (iii) the relationship between marriage rates and education is hump-shaped for women and increasing for men. We estimate that 2.5 percent of women were childless because of poverty and 8.1 percent because of hi...
• Changes in Safety Net Use During the Great Recession AI翻译
  作者：Anderson, Patricia M.; Butcher, Kristin F.; Schanzenbach, Diane Whitmore
  作者单位：Dartmouth College; National Bureau of Economic Research; Wellesley College; Northwestern University
• An A for Effort AI翻译
  作者：Swinton, Omari H.
  作者单位：Howard University
• Religion and Innovation AI翻译
  作者：Benabou, Roland; Ticchi, Davide; Vindigni, Andrea
  作者单位：Princeton University; National Bureau of Economic Research; IZA Institute Labor Economics; IMT School for Advanced Studies Lucca
• Factoryless Goods Producing Firms AI翻译
  作者：Bernard, Andrew B.; Fort, Teresa C.
  作者单位：Centre for Economic Policy Research - UK; National Bureau of Economic Research
• Globalization and Growth AI翻译
  作者：Grossman, Gene M.; Helpman, Elhanan
  作者单位：Princeton University; Harvard University; Canadian Institute for Advanced Research (CIFAR)
• Why Do Firms Have Purpose? The Firm's Role as a Carrier of Identity and Reputation AI翻译
  作者：Henderson, Rebecca; Van den Steen, Eric
  作者单位：Harvard University
• Why Don't Present-Biased Agents Make Commitments? AI翻译
  作者：Laibson, David
  作者单位：Harvard University
• Recall Expectations and Duration Dependence AI翻译
  作者：Nekoei, Arash; Weber, Andrea
  作者单位：Stockholm University; University of Mannheim