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作者：Jones, Benjamin F.
作者单位：Northwestern University; National Bureau of Economic Research
摘要：This paper reconsiders the traditional approach to human capital measurement in the study of cross-country income differences. Within a broader class of neoclassical human capital aggregators, traditional accounting is found to be a theoretical lower bound on human capital differences across economies. Implementing a generalized accounting empirically illustrates the possibility that capital variation may now account (even fully) for the large income variation between rich and poor countries. ...
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作者：Young, Alwyn
作者单位：University of London; London School Economics & Political Science
摘要：If workers self-select into industries based upon their relative productivity in different tasks, and comparative advantage is aligned with absolute advantage, then the average efficacy of a sector's workforce will be negatively correlated with its employment share. This might explain the difference in the reported productivity growth of contracting goods and expanding services. Instrumenting with defense expenditures, I find the elasticity of worker efficacy with respect to employment shares ...
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作者：Benjamin, Daniel J.; Heffetz, Ori; Kimball, Miles S.; Rees-Jones, Alex
作者单位：Cornell University; National Bureau of Economic Research; Cornell University; University of Michigan System; University of Michigan; University of Pennsylvania
摘要：We survey 561 students from US medical schools shortly after they submit choice rankings over residencies to the National Resident Matching Program. We elicit (i) these choice rankings, (ii) anticipated subjective well-being (SWB) rankings, and (iii) expected features of the residencies (such as prestige). We find substantial differences between choice and anticipated-SWB rankings in the implied trade-offs between residency features. In our data, evaluative SWB measures (life satisfaction and ...
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作者：de Clippel, Geoffroy; Eliaz, Kfir; Knight, Brian
作者单位：Brown University; Tel Aviv University; University of Michigan System; University of Michigan
摘要：A key feature of arbitration is the possibility for conflicting parties to participate in the selection of the arbitrator, the individual who will rule the case. We analyze this problem of the selection of arbitrators from the perspective of implementation theory. In particular, - theoretical analyses document problems with veto-rank-a simultaneous procedure commonly used in practice-and develop a new sequential procedure-shortlisting-with better properties. Experimental results are consistent...
