The American Economic Review

最新文章

• Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show AI翻译
  作者：van Dolder, Dennie; van den Assem, Martijn J.; Camerer, Colin F.; Thaler, Richard H.
  作者单位：University of Nottingham; Vrije Universiteit Amsterdam; California Institute of Technology; University of Chicago
• The Virtues of Hesitation: Optimal Timing in a Non-Stationary World AI翻译
  作者：Khan, Urmee; Stinchcombe, Maxwell B.
  作者单位：University of California System; University of California Riverside; University of Texas System; University of Texas Austin
  摘要：In many economic, political, and social situations, circumstances change at random points in time, reacting is costly, and reactions appropriate to present circumstances may become inappropriate upon future changes, requiring further costly reaction. Waiting is informative if arrival of the next change has non-constant hazard rate. We identify two classes of situations: in the first, delayed reaction is optimal only when the hazard rate of further changes is decreasing; in the second, it is op...
• Market Externalities of Large Unemployment Insurance Extension Programs AI翻译
  作者：Lalive, Rafael; Landais, Camille; Zweimuller, Josef
  作者单位：University of Lausanne; University of Zurich; University of London; London School Economics & Political Science; University of Zurich; IZA Institute Labor Economics
  摘要：We provide evidence that unemployment insurance affects equilibrium conditions in the labor market, which creates significant market externalities. We provide a framework for identification of such equilibrium effects and implement it using the Regional Extension Benefit Program (REBP) in Austria which extended the duration of UI benefits for a large group of eligible workers in selected regions of Austria. We show that non-eligible workers in REBP regions have higher job finding rates, lower ...
• In the Name of the Son (and the Daughter): Intergenerational Mobility in the United States, 1850-1940 AI翻译
  作者：Olivetti, Claudia; Paserman, M. Daniele
  作者单位：Boston College; Boston University; National Bureau of Economic Research; Boston University
  摘要：This paper estimates historical intergenerational elasticities between fathers and children of both sexes in the United States using a novel empirical strategy. The key insight of our approach is that the information about socioeconomic status conveyed by first names can be used to create pseudo-links across generations. We find that both father-son and father-daughter elasticities were flat during the nineteenth century, increased sharply between 1900 and 1920, and declined slightly thereafte...
• Growth, Pollution, and Life Expectancy: China from 1991-2012 AI翻译
  作者：Ebenstein, Avraham; Fan, Maoyong; Greenstone, Michael; He, Guojun; Yin, Peng; Zhou, Maigeng
  作者单位：Hebrew University of Jerusalem; Ball State University; University of Chicago; Hong Kong University of Science & Technology; Chinese Center for Disease Control & Prevention; National Center for Chronic & Noncommunicable Disease Control & Prevention, Chinese Center for Disease Control & Prevention
• The Market for Training Services: A Demand Experiment with Bangladeshi Garment Factories AI翻译
  作者：Macchiavello, Rocco; Rabbani, Atonu; Woodruff, Christopher
  作者单位：University of Warwick; University of Dhaka
• Climate Clubs: Overcoming Free-riding in International Climate Policy AI翻译
  作者：Nordhaus, William
  作者单位：Yale University
  摘要：Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate policy. Based on economic theory and empirical modeling, it finds that without sanctions against non-participants there are no stable coalitions other than those with minimal abatement. By contrast, a regime with small t...
• Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation AI翻译
  作者：Philippon, Thomas
  作者单位：New York University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
  摘要：A quantitative investigation of financial intermediation in the United States over the past 130 years yields the following results: (i) the finance industry's share of gross domestic product (GDP) is high in the 1920s, low in the 1960s, and high again after 1980; (ii) most of these variations can be explained by corresponding changes in the quantity of intermediated assets (equity, household and corporate debt, liquidity); (iii) intermediation has constant returns to scale and an annual cost o...
• The Great Recession and Credit Trends across Income Groups AI翻译
  作者：Amromin, Gene; McGranahan, Leslie
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago
• Federal Crop Insurance and the Disincentive to Adapt to Extreme Heat AI翻译
  作者：Annan, Francis; Schlenker, Wolfram
  作者单位：Columbia University; Columbia University; Columbia University; National Bureau of Economic Research