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作者：Cherchye, Laurens; Chiappori, Pierre-Andre; De Rock, Bram; Ringdal, Charlotte; Vermeulen, Frederic
作者单位：KU Leuven; Columbia University; Universite Libre de Bruxelles
摘要：To understand the household decision-making process regarding food expenditures for children in poor households in Nairobi, we conduct an experiment with 424 married and monogamous couples. In the experiment, the spouses (individually and jointly) allocate money between themselves and nutritious meals for one of their children. We propose a novel and simple test to distinguish between cooperative/collective and non-cooperative decision behaviour. We find strong empirical support for the collec...
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作者：Erosa, Andres; Galvez-Iniesta, Ismael; Kredler, Matthias
作者单位：Universidad Carlos III de Madrid; Universitat de les Illes Balears
摘要：Evidence from Spanish administrative data suggests that the Great Recession had long-lasting effects on employment and wages, with heterogeneous impacts across different groups of male workers. To assess the long-run effects of recessions on males' careers, we develop a statistical model of cyclical fluctuations in the labour market. In the model, young workers are more likely to be employed in temporary jobs than older workers, increasing their likelihood of facing a job separation when a rec...
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作者：Guimaraes, Bernardo; Pessoa, Joao Paulo; Ponczek, Vladimir
作者单位：Getulio Vargas Foundation
摘要：The Pel & eacute; Act banned non-compete agreements in Brazilian football in 1998. We explore this policy change to study how non-competes affect the labour market. The Act changed the wage profile heterogeneously, reducing young players' wages and raising salaries for older ones. Turnover increased slightly. We develop and structurally estimate a model and show that changing the parameter capturing the non-compete friction leads to the changes observed in the data. From the estimation, we rec...
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作者：Bartling, Bjorn; Fehr, Ernst; Huffman, David; Netzer, Nick
作者单位：University of Zurich; Cornell University
摘要：Agreements are rarely fully enforceable, exposing trading parties to the risk of exploitation. In such cases, trust-defined as the belief in the trustworthiness of others-may be key to realising gains from trade. This paper asks whether trust substitutes for or complements contract enforcement. While intuition may suggest that trust matters more when enforcement is weak, our experiment, which exogenously varies both trust and enforcement, shows that it can matter more when enforcement is stron...
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作者：Bolt, Uta
作者单位：University of Bristol
摘要：This paper documents how cognitive skills develop beyond childhood. Using unique data from a British birth cohort followed since 1958, I link cognitive skills in childhood to cognitive skills at 50. I establish five facts from these data. First, childhood cognitive skills persist strongly into adulthood. Second, wages at 50 are better predicted by cognitive skills at 16 than by cognitive skills at 50. Third, higher education predicts higher cognitive skills and wages. Fourth, occupational choi...
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作者：Delgado-Vega, Alvaro; Shaver, Benjamin
作者单位：University of Chicago; Northwestern University
摘要：A principal designs a policy by weighing the goals she shares with an agent and those that divide them. The policy's success depends on the principal's unknown quality and the agent's decision to help. After the policy succeeds or fails, a committee awards a prize to the actor with the higher expected quality. In equilibrium, the agent helps to avoid blame for failure or share credit for success. The principal benefits from exploiting the agent's selection concerns to shift the policy in her f...
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作者：Citino, Luca; Russ, Kilian; Scrutinio, Vincenzo
作者单位：European Central Bank; Bank of Italy; University of Bologna; University of London; London School Economics & Political Science; IZA Institute Labor Economics
摘要：In this paper, we study the selection patterns of individuals who manage to have their lay-off delayed around an age at lay-off threshold entitling them to four additional months of unemployment insurance, that is, manipulators. Using administrative data from Italy and bunching techniques, we document substantial manipulation around the cut-off and show that manipulators are selected on their long-term non-employment risk, but not on their moral hazard cost. Finally, we develop a sufficient st...
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作者：Bisin, Alberto; Clementi, Gian Luca; Gottardi, Piero
作者单位：New York University; National Bureau of Economic Research; Universita Ca Foscari Venezia
摘要：We develop a general equilibrium model with production and incomplete markets. Firms optimally design their capital structure to cater to investors' hedging needs. Depending on the heterogeneity of such needs, equilibrium may feature either complete financial market segmentation or only partial segmentation. Firms respond to greater hedging needs by issuing more debt and allocating most of the proceeds to shareholders. How much more debt depends on the availability of competing risk-sharing in...
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作者：Gibson, Matthew D.
作者单位：Williams College; IZA Institute Labor Economics
摘要：Adam Smith alleged that employers often secretly combine to reduce labour earnings. This paper examines an important case of such behaviour: no-poaching agreements through which information-technology companies agreed not to compete for each other's workers. Exploiting the plausibly exogenous timing of a US Department of Justice investigation, I estimate the effects of these agreements using a difference-in-differences design. Data from Glassdoor permit the inclusion of rich employer- and job-...
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作者：Arduini, Tiziano; Bisin, Alberto; Ozgur, Onur; Patacchini, Eleonora
作者单位：New York University
摘要：We introduce the study of dynamic, forward-looking equilibrium choices in environments characterised by social interactions. Agents' preferences capture inter-temporal links-such as habits and addictions-as well as attitudes to conform to a social reference group. We characterise equilibrium behaviour as a system of linear non-stationary Markovian policy rules, for each individual and in each time period. We then derive conditions for the identification of the parameters of the dynamic social ...
