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作者：Adsera, Alicia; Ferrer, Ana M.
作者单位：Princeton University; Princeton University; IZA Institute Labor Economics; University of Waterloo
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作者：Altonji, Joseph G.; Kahn, Lisa B.; Speer, Jamin D.
作者单位：Yale University; Yale University; Yale University
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作者：Rosenzweig, Mark R.; Udry, Christopher
作者单位：Yale University
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作者：Iversen, Jens; Soderstrom, Ulf
作者单位：Sveriges Riksbank
摘要：In an article published in the American Economic Review, Jon Steinsson (2008) argues that two sticky price models driven by real shocks can explain the observed persistence, volatility, and hump-shaped impulse response function of the real exchange rate. This comment shows, first, that correcting an error in one of Steinsson's models leads to substantially lower persistence and volatility of the real exchange rate; second, that Steinsson's models cannot match real exchange rate volatility rela...
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作者：Kalouptsidi, Myrto
作者单位：Princeton University
摘要：This paper explores the nature of fluctuations in world bulk shipping by quantifying the impact of time to build and demand uncertainty on investment and prices. We examine the impact of both construction lags and their lengthening in periods of high investment activity, by constructing a dynamic model of ship entry and exit. A rich dataset of secondhand ship sales allows for a new estimation strategy: resale prices provide direct information on value functions and allow their nonparametric es...
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作者：Kostol, Andreas Ravndal; Mogstad, Magne
作者单位：Statistics Norway; University of Bergen; University of London; University College London; Statistics Norway
摘要：Using a local randomized experiment that arises from a sharp discontinuity in Disability Insurance (DI) policy in Norway, we provide transparent and credible identification of how financial incentives induce DI recipients to return to work. We find that many DI recipients have considerable capacity to work that can be effectively induced by providing financial work incentives. We further show that providing work incentives to DI recipients may both increase their disposable income and reduce p...
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作者：Chetty, Raj; Friedman, John N.; Rockoff, Jonah E.
作者单位：Harvard University; Harvard University; Columbia University
摘要：Are teachers' impacts on students' test scores (value-added) a good measure of their quality? This question has sparked debate partly because of a lack of evidence on whether high value-added (VA) teachers improve students' long-term outcomes. Using school district and tax records for more than one million children, we find that students assigned to high-VA teachers are more likely to attend college, earn higher salaries, and are less likely to have children as teenagers. Replacing a teacher w...
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作者：Bilir, L. Kamran
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：Do intellectual property rights influence multinationals' manufacturing location decisions? My theoretical model indicates that countries with strong patent laws attract multinational activity, but only in sectors with relatively long product life cycles. By contrast, firms with short life-cycle technologies are insensitive, because offshore imitation is less likely to succeed before obsolescence. I document strong empirical regularities consistent with the model using a panel dataset on the g...
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作者：Eisfeldt, Andrea L.; Papanikolaou, Dimitris
作者单位：University of California System; University of California Los Angeles; Northwestern University
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作者：Krajbich, Ian; Oud, Bastiaan; Fehr, Ernst
作者单位：University System of Ohio; Ohio State University; University of Zurich
