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作者：Bernini, Andrea; Facchini, Giovanni; Tabellini, Marco; Testa, Cecilia
作者单位：University of Oxford; University of Nottingham; Harvard University
摘要：How did Southern whites respond to the 1965 Voting Rights Act (VRA)? Leveraging newly digitized data on county-level voter registration by race between 1956 and 1980 and exploiting predetermined variation in exposure to the federal intervention, we document that the VRA increases both Black and white political participation. Consistent with the VRA triggering white countermobilization, the surge in white registrations is concentrated in counties where African Americans represent a political th...
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作者：Antic, Nemanja; Chakraborty, Archishman; Harbaugh, Rick
作者单位：Northwestern University; Yeshiva University; Indiana University System; Indiana University Bloomington
摘要：Two players with common interests exchange information to make a decision. But they fear scrutiny. Their unencrypted communications will be observed by another agent with different interests who can object to their decision. We show how the players can implement their ideal decision rule using a back-and-forth conversation. Such a subversive conversation reveals enough information for the players to determine their best decision but not enough information for the observer to determine whether ...
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作者：Bartelme, Dominick; Costinot, Arnaud; Donaldson, Dave; Rodriguez-Clare, Andres
作者单位：Massachusetts Institute of Technology (MIT); University of California System; University of California Berkeley
摘要：The textbook case for industrial policy is well understood: sectors with relatively large external economies of scale should be subsidized at the expense of other sectors. Little is known, however, about the magnitude of the welfare gains from such interventions. We develop an empirical strategy that leverages commonly available trade data to estimate sector-level economies of scale and, in turn, to quantify the gains from optimal industrial policy in a general equilibrium environment. Our res...
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作者：Flinn, Christopher J.; Todd, Petra E.; Zhang, Weilong
作者单位：New York University; Collegio Carlo Alberto; University of Pennsylvania; National Bureau of Economic Research; IZA Institute Labor Economics; University of Cambridge
摘要：This paper examines the effects of the Big Five personality traits on labor market outcomes and gender wage gaps using a job search and bargaining model with parameters that vary at the individual level. The analysis, based on German panel data, reveals that both cognitive and noncognitive traits significantly influence wages and employment outcomes. Higher conscientiousness and emotional stability and lower agreeableness levels enhance earnings and job stability for both genders. Differences ...
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作者：Anderson, Axel; Rosen, Jeremy; Rust, John; Wong, Kin-Ping
作者单位：Georgetown University
摘要：Do the world's best tennis pros play Nash equilibrium mixed strategies? We answer this question using data on serve-direction choices (to the receiver's left, right, or body) from the Match Charting Project. Using a new approach, we test and reject a key implication of a mixed-strategy Nash equilibrium: that the probability of winning the service game is identical for all possible serve strategies. We calculate best-response serve strategies by dynamic programming (DP) and show that for most e...
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作者：Abramson, Boaz; Van Nieuwerburgh, Stijn
作者单位：Columbia University; Center for Economic & Policy Research (CEPR)
摘要：Rent guarantee insurance (RGI) provides tenants with insurance against nonpayment of rent. We introduce RGI in a quantitative equilibrium model of housing insecurity and show it increases welfare by improving risk sharing across idiosyncratic and aggregate states, reducing the need for large security deposits and reducing homelessness that imposes large costs on society. While unrestricted access to RGI is not financially viable because of moral hazard and adverse selection, restricting access...
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作者：Acemoglu, Daron; Loebbing, Jonas
作者单位：Massachusetts Institute of Technology (MIT); University of Munich
摘要：We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of intermediate complexity are performed by capital. Interior automation arises when low-skill wages are low and effective cost of capital in low-complexity tasks is high. Minimum wages make interior automation less likely. Higher capital productivity causes employ...
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作者：Rodriguez-Clare, Andres; Ulate, Mauricio; Vasquez, Jose P.
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - San Francisco; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK
摘要：We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show how this framework can generate changes in unemployment and labor participation that match those uncovered by the empirical literature studying the China shock. We find that the China shock leads to average welfare increases in most US states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall US gains by around t...
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作者：Mekonnen, Teddy; Murra-Anton, Zeky; Pakzad-Hurson, Bobak
作者单位：Brown University
摘要：We consider sequential search by an agent who cannot observe the quality of goods but can acquire information from a profit-maximizing principal with limited commitment power. The principal can charge higher prices for more informative signals, but high future prices discourage continued search, thereby reducing the principal's profits. A unique stationary equilibrium outcome exists: the principal (i) sells the agent only partial information, (ii) induces the socially efficient stopping rule, ...
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作者：Johnson, Matthew S.; Lavetti, Kurt; Lipsitz, Michael
作者单位：Duke University; University System of Ohio; Ohio State University; National Bureau of Economic Research
摘要：We analyze how the legal enforceability of noncompete agreements (NCAs) affects labor markets. Using newly constructed panel data, we find that higher NCA enforceability diminishes workers' earnings and job mobility, with larger effects among workers most likely to sign NCAs. These effects are far-reaching: increasing enforceability imposes externalities on workers across state borders, suggesting broad effects on labor market dynamism. We show that enforceability affects wages by reducing out...
