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作者：Aizer, Anna; Eli, Shari; Ferrie, Joseph; Lleras-Muney, Adriana
作者单位：Brown University; National Bureau of Economic Research; University of Toronto; Northwestern University; University of California System; University of California Los Angeles
摘要：We estimate the long-run impact - of cash transfers to poor families on children's longevity, educational attainment, nutritional slams, and income in adulthood. To do so, we collected individual-level administrative records of applicants to the Mothers' Pension program the first government-sponsored welfare program in the United States (1911-1935) and matched them to census, WWII, and death records. Male children of accepted applicants lived one year longer than those of rejected mothers. The...
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作者：Carvalho, Leandro S.; Meier, Stephan; Wang, Stephanie W.
作者单位：University of Southern California; Columbia University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：We study the effect of financial resources on decision-making. Low-income US households are randomly assigned to receive an online survey before or after payday. The survey collects measures of cognitive function and administers risk and intertemporal choice tasks. The study design generates variation in cash, checking and savings balances, and expenditures. Before-payday participants behave as if they are more present-biased when making intertemporal choices about monetary rewards but not whe...
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作者：Bidder, Rhys; Dew-Becker, Ian
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; Northwestern University
摘要：We study an investor who is unsure of the dynamics of the economy. Not only are parameters unknown, but the investor does not even know what order model to estimate. She estimates her consumption process nonparametrically-allowing potentially - infinite-order dynamics-and prices assets using a pessimistic model that minimizes lifetime utility subject to a constraint on statistical plausibility. The equilibrium is exactly solvable and the pricing model always includes long-run risks. With risk ...
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作者：Abaluck, Jason; Gruber, Jonathan
作者单位：National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：We study choice over prescription insurance plans by the elderly using government administrative data to evaluate how these choices evolve over time. We find large foregone savings from not choosing the lowest cost plan that has grown over time. We develop a structural framework to decompose the changes in foregone welfare from inconsistent choices into choice set changes and choice function changes from a fixed choice set. We find that foregone welfare increases over time due primarily to cha...
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作者：Los, Bart; Timmer, Marcel P.; de Vries, Gaaitzen J.
作者单位：University of Groningen
摘要：In a recent contribution to the AER, Koopman, Wang, and Wei (2014) proposed a decomposition of a country's gross exports into value-added components and double-counted terms. It is motivated by complex manipulation of basic accounting identities. In this comment we provide an alternative framework based on hypothetical extraction. This parsimonious approach provides a clear definition of domestic value added in exports and has a natural extension into decompositions of bilateral export flows.
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作者：Brunnermeier, Markus K.; Garicano, Luis; Lane, Philip R.; Pagano, Marco; Reis, Ricardo; Santos, Tano; Thesmar, David; Van Nieuwerburgh, Stijn; Vayanos, Dimitri
作者单位：Princeton University
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作者：Heyes, Anthony; List, John A.
作者单位：University of Ottawa; University of Chicago
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作者：Laeven, Luc; Popov, Alexander
作者单位：European Central Bank; European Central Bank
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作者：McGoldrick, KimMarie; Schuhmann, Peter W.
作者单位：University of Richmond; University of North Carolina; University of North Carolina Wilmington
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作者：Reinhart, Carmen M.; Reinhart, Vincent; Trebesch, Christoph
作者单位：Harvard University; American Enterprise Institute for Public Policy Research; University of Munich
