2008

最新文章

• Tax expenditures for owner-occupied housing: Deductions for property taxes and mortgage interest and the exclusion of imputed rental income AI翻译
  作者：Poterba, James; Sinai, Todd
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of Pennsylvania
• The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India AI翻译
  作者：Aghion, Philippe; Burgess, Robin; Redding, Stephen J.; Zilibotti, Fabrizio
  作者单位：Harvard University; University of London; London School Economics & Political Science; University of Zurich
  摘要：We study whether the effects on registered manufacturing output of dismantling the License Raj-a system of central controls regulating entry and production activity in this sector-vary across Indian states with different labor market regulations. The effects are found to be unequal across Indian states with different labor market regulations. In particular, following delicensing, industries located in states with pro-employer labor market institutions grew more quickly than those in pro-worker...
• Is the 2007 US sub-prime financial crisis so different? An international historical comparison AI翻译
  作者：Reinhart, Carmen M.; Rogoff, Kenneth S.
  作者单位：University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland College Park; Harvard University
• Collective memory, cultural transmission, and investments AI翻译
  作者：Dessi, Roberta
  作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
• The Effect of Credit Constraints on the College Drop-Out Decision: A Direct Approach Using a New Panel Study AI翻译
  作者：Stinebrickner, Ralph; Stinebrickner, Todd
  作者单位：Western University (University of Western Ontario)
• Allowing the data to speak freely: The macroeconometrics of the cointegrated vector autoregression AI翻译
  作者：Hoover, Kevin D.; Johansen, Soren; Juselius, Katarina
  作者单位：Duke University; University of Copenhagen
• Bureaucrats or politicians? Comment AI翻译
  作者：Kojima, Fuhito
  作者单位：Harvard University
• The Response of Household Saving to the Large Shock of German Reunification AI翻译
  作者：Fuchs-Schundeln, Nicola
  作者单位：Harvard University
  摘要：German reunification was a large, unexpected shock for East Germans. Exploiting German reunification as a natural experiment, I analyze the validity of the life-cycle consumption model. I derive three stylized features concerning the saving behavior of East versus West Germans after reunification: (i) East Germans have higher saving rates than West Germans; (ii) this East-West gap is increasing in age at reunification; and (iii) for every cohort, this gap is declining oiler time. I show that a...
• Optimal Contracting with Endogenous Social Norms AI翻译
  作者：Fischer, Paul; Huddart, Steven
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
  摘要：Research in sociology and ethics suggests that individuals adhere to social norms of behavior established by their peers. Within an agency framework, we model endogenous social norms by assuming that each agent's cost of implementing an action depends on the social norm for that action, defined to be the average level of that action chosen by the agent's peer group. We show how endogenous social norms alter the effectiveness of monetary incentives, determine whether it is optimal to group agen...
• The Limited Influence of Unemployment on the Wage Bargain AI翻译
  作者：Hall, Robert E.; Milgrom, Paul R.
  作者单位：Stanford University; Stanford University