2006

最新文章

• Pareto-improving social security reform when financial markets are incomplete!? AI翻译
  作者：Krueger, Dirk; Kubler, Felix
  作者单位：Goethe University Frankfurt; National Bureau of Economic Research; University of Mannheim
  摘要：This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated, a system that endows retired households with claims to labor income enhances the sharing of aggregate risk between generations. Our quantitative analysis shows that, abstracting from the capital crowding-out effect, the introducti...
• The regulatory record of the Greenspan fed AI翻译
  作者：Calomiris, Charles W.
  作者单位：Columbia University; American Enterprise Institute for Public Policy Research; National Bureau of Economic Research
• Israel, the Palestinian factions, and the cycle of violence AI翻译
  作者：Jaeger, David A.; Paserman, M. Daniele
  作者单位：William & Mary; Hebrew University of Jerusalem
• A new method of estimating risk aversion AI翻译
  作者：Chetty, Raj
  作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
• Valuing consumer products by the time spent using them: An application to the Internet AI翻译
  作者：Goolsbee, Austan; Klenow, Peter J.
  作者单位：University of Chicago; National Bureau of Economic Research; Stanford University
• Are technology improvements contractionary? AI翻译
  作者：Basu, Susanto; Fernald, John G.; Kimball, Miles S.
  作者单位：Boston College; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - San Francisco; University of Michigan System; University of Michigan; National Bureau of Economic Research
  摘要：Yes. We construct a measure of aggregate technology change, controlling for aggregation effects, varying utilization of capital and labor, nonconstant returns, and imperfect competition. On impact, when technology improves, input use and nonresidential investment fall sharply. Output changes little. With a lag of several years, inputs and investment return to normal and output rises strongly. The standard one-sector real-business-cycle model is not consistent with this evidence. The evidence i...
• Quantitative aggregate economics AI翻译
  作者：Kydland, Finn E.
  作者单位：University of California System; University of California Santa Barbara
• Did unilateral divorce laws raise divorce rates? A reconciliation and new results AI翻译
  作者：Wolfers, Justin
  作者单位：University of Pennsylvania; National Bureau of Economic Research
• Paying not to go to the gym AI翻译
  作者：DellaVigna, Stefano; Malmendier, Ulrike
  作者单位：University of California System; University of California Berkeley; Stanford University; National Bureau of Economic Research
  摘要：How do consumers choose from a menu of contracts? We analyze a novel dataset from three U.S. health clubs with information on both the contractual choice and the day-to-day attendance decisions of 7,752 members over three years. The observed consumer behavior is difficult to reconcile with standard preferences and beliefs. First, members who choose a contract with a flat monthly fee of over $70 attend on average 4.3 times per month. They pay a price per expected visit of more than $17, even th...
• Stanley Engerman - Distinguished fellow 2005 AI翻译
  作者：[Anonymous]