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作者：Lyons, Ronan C.; Shertzer, Allison; Gray, Rowena; Agorastos, David
作者单位：Trinity College Dublin; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; University of California System; University of California Merced
摘要：We construct the first annual market rent and home sales price series for American cities over the twentieth century using 2.7 million newspaper real estate listings. Our findings revise several stylized facts about U.S. housing markets. Real market rents did not fall during the postwar period in most cities and rose nationally by 60% from 1890 to 2006. We also document higher sales price growth between 1953 and 1987 relative to previous series. Real prices reached almost four times their 1890...
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作者：Testa, Patrick A.; Williams, Jhacova
作者单位：Tulane University; National Bureau of Economic Research; American University
摘要：Election results act as powerful signals, shaping social behavior in ways that can be dramatic and even violent. This article shows how racial violence in the post-Reconstruction U.S. South was tied to the local performance of the anti-Black Democratic Party in presidential elections. Using a regression discontinuity design based on close presidential vote shares, we find that Southern counties where Democrats lost the popular vote between 1880 and 1900 were nearly twice as likely to experienc...
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作者：Bau, Natalie; Khanna, Gaurav; Low, Corinne; Voena, Alessandra
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research; Centre for Economic Policy Research - UK; University of California System; University of California San Diego; University of Pennsylvania; Stanford University; Stanford University
摘要：This paper uses newly collected data on the allocation of dowry to examine its role in resolving intergenerational frictions around migration in India. Migration disrupts traditional elderly support structures, in which sons live near their parents and care for them in old age. We develop a model in which dowry can promote migration by allowing sons to make upfront transfers to their parents and ease constraints on income sharing. To test this hypothesis, we collect two new data sets that meas...
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作者：Andersen, Asger Lau; Huber, Kilian; Johannesen, Niels; Straub, Ludwig; Vestergaard, Emil Toft
作者单位：University of Copenhagen; Danish Finance Institute; University of Copenhagen; University of Chicago; National Bureau of Economic Research; University of Oxford; Harvard University
摘要：We develop a system of disaggregated economic accounts. The system breaks down national accounting positions into bilateral flows between consistently defined groups of consumers (consumer cells), groups of producers (producer cells), the government, and the rest of the world. We disaggregate the full circular flow of money, including consumer spending, labor compensation, firm profits, intermediates trade, foreign trade, and government transactions, while satisfying all national accounting id...
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作者：Coube, Maira; Fontes, Luiz Felipe; Rocha, Rudi
作者单位：Insper
摘要：Theory predicts that outsourcing public services to the private sector can reduce costs and improve efficiency but can also induce cost-cutting and compromise quality. We assess the Brazilian Organiza & ccedil;& otilde;es Sociais de Saude model (OSS), which outsources management of public hospital services to the private sector while the state remains the residual claimant. We show that this enhances hospital production and operational efficiency without adverse effects on hospital quality and...
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作者：Weidmann, Ben; Vecci, Joseph; Said, Farah; Bhalotra, Sonia; Adhvaryu, Achyuta; Nyshadham, Anant; Tamayo, Jorge; Deming, David
作者单位：University of London; University College London; University of London; London School Economics & Political Science; University of Gothenburg; Lahore University of Management Sciences; University of Warwick; Centre for Economic Policy Research - UK; IZA Institute Labor Economics; Leibniz Association; Ifo Institut; University of California System; National Bureau of Economic Research; University of California San Diego; University of Michigan System; National Bureau of Economic Research; University of Michigan; Harvard University; Harvard University; National Bureau of Economic Research
摘要：We introduce and validate a novel approach to identifying good managers. In a preregistered lab experiment, we causally identify managerial contributions by randomly assigning managers to teams and controlling for individual skill. We find that manager contributions are crucial for team success, and that people who self-select into management roles perform worse than randomly assigned managers. Managerial performance is strongly predicted by economic decision-making skill but not by demographi...
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作者：Almelhem, Ali; Iyigun, Murat; Kennedy, Austin; Rubin, Jared
作者单位：University of Colorado System; University of Colorado Boulder; Chapman University System; Chapman University
摘要：We trace the evolution of the language of science, religion, and political economy in the centuries leading to the British Industrial Revolution. Using textual analysis of 264,443 works printed in England between 1500 and 1900, we test whether British culture manifested a belief in progress associated with science and industry. Our analysis yields three main findings. First, there was a separation in the languages of science and religion beginning in the mid-eighteenth century. Second, volumes...
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作者：Gethin, Amory; Saez, Emmanuel
作者单位：The World Bank
摘要：This article uses labor force surveys from 160 countries to build a new microdatabase on hours worked covering 97% of the world population in cross section. We also construct time series spanning over 20 years in 86 countries. Hours worked per adult slightly decline with GDP per capita but are weakly correlated with development overall. Hours worked by the young (aged 15-19) and elderly (aged 60+) fall with development, driven entirely by growing school attendance and public pension coverage. ...
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作者：Sugaya, Takuo; Wolitzky, Alexander
作者单位：Stanford University; Massachusetts Institute of Technology (MIT)
摘要：Motivated by recent concerns surrounding the use of third-party pricing algorithms by competing firms, we study repeated Bertrand competition where market demand or the cost of serving the market is observed by an intermediary (or algorithm) that selectively discloses demand or cost information to maximize firms' collusive profit. We show that an upper censorship disclosure policy is optimal, which leads to price rigidity and supra-monopoly prices in some states. Improving the algorithm's accu...
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作者：Gehring, Kai; Schaudt, Paul
作者单位：University of Bern; Leibniz Association; Ifo Institut; KU Leuven
摘要：We provide quasi-experimental evidence of how an innovative market-based solution using remote-sensing technology can mitigate drought-induced conflict. Droughts are a major driver of conflict in Africa, particularly between transhumant pastoralists and sedentary farmers. Index-Based Livestock Insurance (IBLI), a program piloted in Kenya, provides automated, preemptive payouts to pastoralists affected by droughts. Combining variation in rainfall and the staggered rollout of IBLI in Kenya over ...
