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作者：Hjort, Jonas; Li, Xuan; Sarsons, Heather
作者单位：University of London; University College London; Centre for Economic Policy Research - UK; University of Oslo; Hong Kong University of Science & Technology; University of British Columbia; National Bureau of Economic Research
摘要：Many employers link wages at establishments outside of the home region to the level at headquarters. We show this using new data on 1,200 multinationals' establishments across the world and linked employee-level data on their establishments in Brazil. Headquarters wage changes arising from minimum wage and exchange rate shocks are partially transmitted to workers employed in the same position abroad. Wage change transmission appears to be direct and results from firm-wide wage-setting procedur...
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作者：Aghion, Philippe
作者单位：INSEAD Business School; University of London; London School Economics & Political Science
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作者：Macambira, Danil Agafiev; Geruso, Michael; Lollo, Anthony; Ndumele, Chima D.; Wallace, Jacob
作者单位：Yale University; University of Texas System; University of Texas Austin
摘要：This paper examines the effects of privatizing social health insurance. We exploit a natural experiment in Medicaid, wherein nearly 100,000 enrollees were randomly assigned between a publicly operated fee-for-service system and private managed care. Managed care reduced costs by 5.6 percent via cost-effective substitutions among prescription drugs and via lower prices for outpatient services. We present evidence that pharmacy utilization management was the key mechanism reducing overuse and en...
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作者：Aman-Rana, Shan; Minaudier, Clement
作者单位：West Virginia University
摘要：Digitization reforms have been hailed as an effective way of strengthening state capacity. However, digitization can also fundamentally reshape the organization of bureaucracies. Using a unique administrative dataset on agricultural taxation and surveys of local bureaucrats from Punjab, Pakistan, we show that digitization reforms can have unintended consequences for state capacity. We exploit the staggered rollout of the digitization of land records in Punjab to show that digitization had a ne...
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作者：Cohen, Shani; Li, Shengwu
作者单位：Hebrew University of Jerusalem; Harvard University
摘要：We propose an extensive-form solution concept, with players who neglect information from hypothetical events but make inferences from observed events. Our concept modifies cursed equilibrium (Eyster and Rabin 2005) and allows that players can be cursed about endogenous information. (JEL C73, D44, D71, D81, D83, D91)
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作者：Choi, Jay Pil; Jeon, Doh-Shin; Whinston, Michael D.
作者单位：Michigan State University; Communaute d'universites et etablissements de Toulouse (Comue); Universite Toulouse 1 Capitole; Toulouse School of Economics; Massachusetts Institute of Technology (MIT)
摘要：We develop a leverage theory of tying in markets with network effects. When a monopolist in one market cannot perfectly extract surplus from consumers, tying can be a mechanism through which unexploited consumer surplus is used as a demand-side leverage to create a quasi-installed base advantage in another market characterized by network effects. Our mechanism does not require any precommitment to tying; rather, tying emerges as a best response that lowers the quality of tied-market rivals. W...
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作者：Zenou, Yves; Zhou, Junjie
作者单位：Monash University; Tsinghua University
摘要：We develop a simple multilayer network model in which agents allocate effort across layers with heterogeneous structures, subject to an aggregate effort constraint. Incentives are shaped by agents' network positions within each layer, and equilibrium behavior reflects both within-and cross-layer interactions. We analyze how shocks propagate through the network and characterize optimal targeting interventions. Our results show that effective policy design must account for effort allocation acro...
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作者：Benson, Alan; Li, Danielle; Shue, Kelly
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Yale University
摘要：We show that subjective assessments of employee potential contribute to gender gaps in promotion and pay. Using data on 29,809 management-track employees from a large retail chain, we find that women receive substantially lower potential ratings despite receiving higher performance ratings. Differences in potential ratings account for approximately half of the gender promotion gap. Women's lower potential ratings do not reflect accurate forecasts of future performance: Women subsequently outpe...
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作者：Fornaro, Luca; Romei, Federica
作者单位：Centre de Recerca en Economia Internacional (CREI); Barcelona School of Economics; Pompeu Fabra University; Centre for Economic Policy Research - UK; University of Oxford
摘要：We study optimal monetary policy during times of global scarcity of tradable goods. The optimal monetary response entails a surge in inflation, which helps rebalance production toward the tradable sector. While the inflation costs are fully borne domestically, however, the gains in terms of higher supply of tradable goods partly spill over to the rest of the world. National central banks may thus fall into a coordination trap and implement an excessively tight monetary policy causing an unnece...
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作者：Monte, Ferdinando; Porcher, Charly; Rossi-Hansberg, Esteban
作者单位：Georgetown University; Georgetown University; University of Chicago
摘要：Relative to remote work, working downtown facilitates valuable interactions with other in-office workers but entails commuting costs. The resulting coordination mechanism can lead to multiple stationary equilibria with varying levels of remote work. Temporary reductions in commuters, as in the COVID-19 pandemic, can lead to persistently large fractions of remote workers. Cell phone-based mobility data for the United States shows commuting trips in the largest cities, which are more likely to e...
