The American Economic Review

最新文章

• Heterogeneity in Risky Choice Behavior in a Broad Population AI翻译
  作者：von Gaudecker, Hans-Martin; van Soest, Arthur; Wengstrom, Erik
  作者单位：University of Mannheim; Tilburg University; Lund University; University of Copenhagen
  摘要：We analyze risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch respondents. Our econometric model incorporates four structural parameters that vary with observed and unobserved characteristics: utility curvature, loss aversion, preferences toward the timing of uncertainty resolution, and the propensity to choose randomly rather than on the basis of preferences. We find that all four parameters contribute to explaining choice behavior. The structu...
• The Effects of Rural Electrification on Employment: New Evidence from South Africa AI翻译
  作者：Dinkelman, Taryn
  作者单位：Princeton University; Princeton University
  摘要：This paper estimates the impact of electrification on employment growth by analyzing South Africa's mass roll-out of electricity to rural households. Using several new data sources and two different identification strategies (an instrumental variables strategy and a fixed effects approach), I find that electrification significantly raises female employment within five years. This new infrastructure appears to increase hours of work for men and women, while reducing female wages and increasing ...
• Estimating Marginal Returns to Education AI翻译
  作者：Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward J.
  作者单位：University of London; University College London; University of Chicago; University College Dublin; Yale University; Yale University
• Group Size and Incentives to Contribute: A Natural Experiment at Chinese Wikipedia AI翻译
  作者：Zhang, Xiaoquan (Michael); Zhu, Feng
  作者单位：Hong Kong University of Science & Technology; University of Southern California
• Real-Time Search in the Laboratory and the Market AI翻译
  作者：Brown, Meta; Flinn, Christopher J.; Schotter, Andrew
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; New York University
• Panic on the Streets of London: Police, Crime, and the July 2005 Terror Attacks AI翻译
  作者：Draca, Mirko; Machin, Stephen; Witt, Robert
  作者单位：University of London; London School Economics & Political Science; University of London; University College London; University of Surrey
• Did Household Consumption Become More Volatile? AI翻译
  作者：Gorbachev, Olga
  作者单位：University of Delaware
• House Prices, Home Equity-Based Borrowing, and the US Household Leverage Crisis AI翻译
  作者：Mian, Atif; Sufi, Amir
  作者单位：University of California System; University of California Berkeley; University of Chicago
• Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies AI翻译
  作者：Joskow, Paul L.
• Contracts as Reference Points-Experimental Evidence AI翻译
  作者：Fehr, Ernst; Hart, Oliver; Zehnder, Christian
  作者单位：University of Zurich; Harvard University; University of Lausanne
  摘要：Hart and John Moore (2008) introduce new behavioral assumptions that can explain long-term contracts and the employment relation. We examine experimentally their idea that contracts serve as reference points. The evidence confirms the prediction that there is a trade-off between rigidity and flexibility. Flexible contracts-which would dominate rigid contracts under standard assumptions-cause significant shading in ex post performance, while under rigid contracts much less shading occurs. The e...