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作者：von Wachter, Till; Bender, Stefan
作者单位：Columbia University
摘要：We examine administrative data on young German workers and their employers to study the long-term effects of an early career job loss. To account for nonrandom sorting of workers into firms with different turnover rates and,for selective job mobility, we use changes over time in firm- and age-specific labor demand as an instrument for displacement. We find that wage losses of young job losers are initially 15 percent, but drop to zero within five years. Only workers leaving very large establis...
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作者：Chetty, Raj
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
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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...
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作者：Kydland, Finn E.
作者单位：University of California System; University of California Santa Barbara
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作者：Wolfers, Justin
作者单位：University of Pennsylvania; National Bureau of Economic Research
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作者：Bolton, Gary E.; Ockenfels, Axel
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Cologne
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作者：Chen, Kaiji; Imrohoroglu, Ayse; Imrohoroglu, Selahattin
作者单位：University of Oslo; University of Southern California
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作者：Ramey, Valerie A.; Vine, Daniel J.
作者单位：University of California System; University of California San Diego; Federal Reserve System - USA
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作者：Chaudhuri, Shubham; Goldberg, Pinelopi K.; Jia, Panle
作者单位：The World Bank; Yale University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：Under the Agreement on Trade-Related Intellectual Property Rights, the World Trade Organization members are required to enforce product patents for pharmaceuticals. In this paper we empirically investigate the welfare effects of this requirement on developing countries using data for the fuoroquinolones subsegment of the systemic anti-bacterials segment of the Indian pharmaceuticals market. Our results suggest that concerns about the potential adverse welfare effects of TRIPS may have some bas...
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作者：Perez-Gonzalez, Francisco
作者单位：Columbia University
摘要：I use data from chief executive officer (CEO) successions to examine the impact of inherited control on firms' performance. I find that firms where incoming CEOs are related to the departing CEO, to a founder, or to a large shareholder by either blood or marriage underperform in terms of operating profitability and market-to-book ratios, relative to firms that promote unrelated CEOs. Consistent with wasteful nepotism, lower performance is prominent in firms that appoint family CEOs who did not...
