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作者：Bai, Jie; Barwick, Panle Jia; Cao, Shengmao; Li, Shanjun
作者单位：Harvard University; National Bureau of Economic Research; University of Wisconsin System; University of Wisconsin Madison; Centre for Economic Policy Research - UK; Northwestern University; Stanford University
摘要：This paper studies the impact of quid pro quo (technology for market access) in facilitating knowledge spillovers and quality upgrading in the Chinese automobile industry. The identification strategy exploits within-product quality variation across a rich set of quality dimensions. We find affiliated domestic automakers adopt more similar quality strengths of their joint venture partners, consistent with knowledge spillovers. Additional analysis suggests worker flows and supplier networks medi...
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作者：Gagliardone, Luca; Gertler, Mark; Lenzu, Simone; Tielens, Joris
作者单位：New York University; New York University; Federal Reserve System - USA; Federal Reserve Bank - New York; European Central Bank; National Bank of Belgium; KU Leuven
摘要：We develop a bottom-up approach to estimate the slope of the primitive form of the New Keynesian Phillips curve, which features marginal cost as the real activity variable. Using quarterly micro data on prices, costs, and output, we estimate dynamic pass-through regressions that identify the slope as a function of primitive parameters. We find a high slope for the cost-based Phillips curve, which contrasts with the low estimates of the conventional output gap-based formulation found in the lit...
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作者：Munoz, Pablo; Otero, Cristobal
作者单位：Universidad de Chile; Getulio Vargas Foundation; Columbia University
摘要：We study whether the quality of managers can affect public service provision in the context of public health. Using novel data from public hospitals in Chile, we show how the introduction of a competitive recruitment system and better pay for public hospital CEOs reduced hospital mortality by 8 percent. The effect is not explained by a change in patient composition. We find that the policy changed the pool of CEOs by displacing doctors with no management training in favor of CEOs who had studi...
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作者：Anenberg, Elliot; Scharlemann, Tess; van Straelen, Eileen
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We show that the strong negative effect of higher mortgage rates on cash-out refinancing reflects substitution into other borrowing products, not large changes in total new household borrowing. We exploit plausibly exogenous changes in interest rates due to unconventional monetary policy surprises to show that changes in cash-out and other borrowing are roughly offsetting. The elasticity of new household borrowing with respect to mortgage rates is low and varies little with the borrower's outs...
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作者：Munoz, Mathilde
作者单位：University of California System; University of California Berkeley; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research
摘要：This paper demonstrates that labor market regulations, such as minimum wages or payroll taxes, shape trade competition in labor-intensive activities. I exploit data from a large European trade program where firms from different countries supply labor services at the same location but face different payroll taxes and minimum wage rules. Country case studies and model-consistent gravity estimates show large trade responses to tax and regulatory reforms, with an elasticity of trade in services to...
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作者：Akbarpour, Mohammad; Malladi, Suraj; Saberi, Amin
作者单位：Stanford University; Stanford University
摘要：Identifying the optimal set of individuals to first receive information (seeds) in a social network to maximize expected diffusion is a widely studied question in many settings. Several studies propose network-centrality-based heuristics to select seeds likely to increase diffusion. Here, we show that, for the classic independent cascade model of diffusion, either seeding a few more individuals at random can prompt a larger diffusion than optimal seeding or optimal seeding itself results in li...
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作者：Choukhmane, Taha
作者单位：Massachusetts Institute of Technology (MIT)
摘要：Using data from over 100 US retirement plans and a representative UK panel, I document the impact of auto-enrollment (AE) on retirement savings at different horizons. I replicate the impact of AE on participation and contributions in the short run (at 12 months), but I show that these gains are attenuated over the medium run (at 36 months). At this longer horizon, the average savings increases are modest, though AE significantly lowers inequality in savings. To assess AE's lifetime impact, I e...
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作者：Bayer, Patrick; Casey, Marcus; Ben McCartney, W.; Orellana-Li, John; Zhang, Calvin
作者单位：Duke University; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Virginia; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; University of Oregon
摘要：We study neighborhood choice using a novel research design that contrasts the move rate of homeowners who receive a new different-race neighbor immediately next-door versus slightly farther away on the same block. This approach isolates a component of preferences directly attributable to neighbors' identities. Both Black and White homeowners are more likely to move after receiving a new different-race neighbor. Findings are robust to additional controls (e.g., income) and alternative research ...
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作者：Bornstein, Gideon; Peter, Alessandra
作者单位：University of Pennsylvania; National Bureau of Economic Research; New York University; Center for Economic & Policy Research (CEPR)
摘要：This paper studies the effect of nonlinear pricing on markups and misallocation. In a general equilibrium model in which firms are allowed to set a quantity-dependent pricing schedule, markup heterogeneity is not a sign of misallocation. Instead, we point to a new source of misallocation: high-taste consumers are allocated too much of each good, low-taste consumers too little. Using micro data from the retail sector, we show that nonlinear pricing is prevalent and quantify the model. Welfare l...
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作者：Deaner, Ben
作者单位：University of London; University College London
摘要：In additive instrumental variables models, the robustness to some failure of instrumental validity or additive separability depends on the strength of a priori restrictions on the structural relationship between outcomes and treatments. I provide theoretical analysis of the problem, discuss the implications for empirical practice, and demonstrate with a numerical study calibrated on real-world data. (JEL C26, G51, H24, J13)
