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作者：Goos, Maarten; Manning, Alan; Salomons, Anna
作者单位：KU Leuven; University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; Utrecht University
摘要：This paper documents the pervasiveness of job polarization in 16 Western European countries over the period 1993-2010. It then develops and estimates a framework to explain job polarization using routine-biased technological change and offshoring. This model can explain much of both total job polarization and the split into within-industry and between-industry components.
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作者：Stephens, Melvin, Jr.; Yang, Dou-Yan
作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; Carnegie Mellon University
摘要：Causal estimates of the benefits of increased schooling using US state schooling laws as instruments typically rely on specifications which assume common trends across states in the factors affecting different birth cohorts. Differential changes across states during this period, such as relative school quality improvements, suggest that this assumption may fail to hold. Across a number of outcomes including wages, unemployment, and divorce, we find that statistically significant causal estimat...
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作者：Boersch-Supan, Axel; Haertl, Klaus; Ludwig, Alexander
作者单位：Max Planck Society; Max Planck Society; University of Cologne
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作者：Weitzman, Martin L.
作者单位：Harvard University
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作者：Woodford, Michael
作者单位：Columbia University
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作者：Dubois, Pierre; Griffith, Rachel; Nevo, Aviv
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; University of London; London School Economics & Political Science; Northwestern University
摘要：Food purchases differ substantially across countries. We use detailed household-level data from the United States, France, and the United Kingdom to (i) document these differences; (ii) estimate a demand system for food and nutrients; and (iii) simulate counterfactual choices if households faced prices and nutritional characteristics from other countries. We find that differences in prices and characteristics are important and can explain some difference (e. g., United States-France difference...
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作者：Coviello, Decio; Ichino, Andrea; Persico, Nicola
作者单位：Universite de Montreal; HEC Montreal; University of Bologna; European University Institute; Northwestern University
摘要：A single worker allocates her time among different projects which are progressively assigned. When the worker works on too many projects at the same time, the output rate decreases and completion time increases according to a law which we derive. We call this phenomenon task juggling and argue that it is pervasive in the workplace. We show that task juggling is a strategic substitute of worker effort. We then present a model where task juggling is the result of lobbying by clients, or coworker...
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作者：Bauer, Michael D.; Rudebusch, Glenn D.; Wu, Jing Cynthia
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; University of Chicago
摘要：Term premia implied by maximum likelihood estimates of affine term structure models are misleading because of small-sample bias. We show that accounting for this bias alters the conclusions about the trend, cycle, and macroeconomic determinants of the term premia estimated in Wright (2011). His term premium estimates are essentially acyclical, and often just parallel the secular trend in long-term interest rates. In contrast, bias-corrected term premia show pronounced countercyclical behavior,...
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作者：Albrecht, James; Gautier, Pieter A.; Vroman, Susan
作者单位：Georgetown University; Vrije Universiteit Amsterdam
摘要：In this paper, we demonstrate the efficiency of seller entry in a model of competing auctions in which we allow for both buyer and seller heterogeneity. This generalizes existing efficiency results in the competitive search literature by simultaneously allowing for nonrival (many-on-one) meetings and private information.
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作者：Duffy, John; Puzzello, Daniela
作者单位：University of California System; University of California Irvine; Indiana University System; Indiana University Bloomington
摘要：We study the Lagos and Wright (2005) model of monetary exchange in the laboratory. With a finite population of sufficiently patient agents, this model has a unique monetary equilibrium and a continuum of non-monetary gift exchange equilibria, some of which Pareto dominate the monetary equilibrium. We find that subjects avoid the gift exchange equilibria in favor of the monetary equilibrium. We also study versions of the model without money where all equilibria involve non-monetary gift exchang...
