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作者：van Dolder, Dennie; van den Assem, Martijn J.; Camerer, Colin F.; Thaler, Richard H.
作者单位：University of Nottingham; Vrije Universiteit Amsterdam; California Institute of Technology; University of Chicago
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作者：Khan, Urmee; Stinchcombe, Maxwell B.
作者单位：University of California System; University of California Riverside; University of Texas System; University of Texas Austin
摘要：In many economic, political, and social situations, circumstances change at random points in time, reacting is costly, and reactions appropriate to present circumstances may become inappropriate upon future changes, requiring further costly reaction. Waiting is informative if arrival of the next change has non-constant hazard rate. We identify two classes of situations: in the first, delayed reaction is optimal only when the hazard rate of further changes is decreasing; in the second, it is op...
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作者：Lalive, Rafael; Landais, Camille; Zweimuller, Josef
作者单位：University of Lausanne; University of Zurich; University of London; London School Economics & Political Science; University of Zurich; IZA Institute Labor Economics
摘要：We provide evidence that unemployment insurance affects equilibrium conditions in the labor market, which creates significant market externalities. We provide a framework for identification of such equilibrium effects and implement it using the Regional Extension Benefit Program (REBP) in Austria which extended the duration of UI benefits for a large group of eligible workers in selected regions of Austria. We show that non-eligible workers in REBP regions have higher job finding rates, lower ...
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作者：Olivetti, Claudia; Paserman, M. Daniele
作者单位：Boston College; Boston University; National Bureau of Economic Research; Boston University
摘要：This paper estimates historical intergenerational elasticities between fathers and children of both sexes in the United States using a novel empirical strategy. The key insight of our approach is that the information about socioeconomic status conveyed by first names can be used to create pseudo-links across generations. We find that both father-son and father-daughter elasticities were flat during the nineteenth century, increased sharply between 1900 and 1920, and declined slightly thereafte...
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作者：Ebenstein, Avraham; Fan, Maoyong; Greenstone, Michael; He, Guojun; Yin, Peng; Zhou, Maigeng
作者单位：Hebrew University of Jerusalem; Ball State University; University of Chicago; Hong Kong University of Science & Technology; Chinese Center for Disease Control & Prevention; National Center for Chronic & Noncommunicable Disease Control & Prevention, Chinese Center for Disease Control & Prevention
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作者：Macchiavello, Rocco; Rabbani, Atonu; Woodruff, Christopher
作者单位：University of Warwick; University of Dhaka
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作者：Nordhaus, William
作者单位：Yale University
摘要：Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate policy. Based on economic theory and empirical modeling, it finds that without sanctions against non-participants there are no stable coalitions other than those with minimal abatement. By contrast, a regime with small t...
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作者：Philippon, Thomas
作者单位：New York University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要：A quantitative investigation of financial intermediation in the United States over the past 130 years yields the following results: (i) the finance industry's share of gross domestic product (GDP) is high in the 1920s, low in the 1960s, and high again after 1980; (ii) most of these variations can be explained by corresponding changes in the quantity of intermediated assets (equity, household and corporate debt, liquidity); (iii) intermediation has constant returns to scale and an annual cost o...
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作者：Amromin, Gene; McGranahan, Leslie
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago
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作者：Annan, Francis; Schlenker, Wolfram
作者单位：Columbia University; Columbia University; Columbia University; National Bureau of Economic Research
