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作者：Tincani, Michela M.
作者单位：University of London; University College London; London School Economics & Political Science; University of London; University College London
摘要：I examine how disruptions to students' environments propagate to their classmates to understand mechanisms behind classroom peer interactions. I combine Chilean administrative and survey data with housing-damage measures from one of history's strongest earthquakes. Damage to a student's home lowered achievement and raised self-reported study effort cost. Classmates' average damage induced schools to reallocate resources toward student support and increased achievement. In contrast, dispersion ...
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作者：Sargent, Thomas J.
作者单位：New York University
摘要：This sequel to Lucas and Sargent (1978) tells how equilibrium Markov processes underlie much applied dynamic economics today. It recalls how Robert E. Lucas Jr. saw Keynesian and rational expectations revolutions as interconnected transformations of economic theories and econometric practices. It describes rules that Lucas used to guide and constrain his research by restricting himself to equilibrium Markov processes and to conserving quantitative successes achieved by previous researchers, in...
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作者：Waldfogel, Joel
作者单位：University of Minnesota System; National Bureau of Economic Research; University of Minnesota Twin Cities; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：Women have traditionally participated in intellectual property creation at depressed rates relative to men. Book authorship is now an exception: women now publish more than half of new books. Adding new products can have significant welfare benefits, particularly when product quality is unpredictable. Growth in female-authored books has delivered substantial increases in the female-authored shares of consumption, book awards, and other measures of success, indicating that the additional female...
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作者：Bailey, Michael; Johnston, Drew; Koenen, Martin; Kuchler, Theresa; Russel, Dominic; Stroebel, Johannes
作者单位：Harvard University; New York University; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut
摘要：We use Facebook data to study Syrian migrants' social integration in Germany, establishing five findings: (1) Migrants' social integration varies across regions, driven by causal, place-based effects. (2) This spatial variation reflects how frequently Germans befriend neighbors and how likely they are to befriend migrants versus other Germans. Using a mover's design, we show that both factors are shaped more by local institutions and policies than by persistent native characteristics. (3) Inte...
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作者：Baylis, Patrick; Boomhower, Judson
作者单位：University of British Columbia; University of California System; University of California San Diego; National Bureau of Economic Research
摘要：Despite escalating losses in climate-related disasters, adoption of protective technologies and behaviors is limited by risk misperception, externalities, and insurance market frictions. One response to these market failures is to mandate these investments. We measure the effect of California's wildfire building codes on own and neighboring structure survival using comprehensive data on US homes exposed to wildfires since 2000. Differences across jurisdictions and vintages reveal remarkable re...
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作者：Cotton, Christopher S.; Hickman, Brent R.; List, John A.; Price, Joseph; Roy, Sutanuka
作者单位：Queens University - Canada; Washington University (WUSTL); University of Chicago; National Bureau of Economic Research; Brigham Young University; Australian National University
摘要：Using field experimental data (study time tracking and randomized incentives), we identify a structural model of learning. Student effort is influenced by external costs/benefits and unobserved heterogeneity: motivation (willingness to study) and productivity (conversion rate of time into skill). We estimate academic labor supply elasticities and skill technology. Productivity and motivation are uncorrelated. Low productivity, not low motivation, is the stronger predictor of academic struggles...
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作者：Fagereng, Andreas; Gomez, Matthieu; Gouin-Bonenfant, Emilien; Holm, Martin; Moll, Benjamin; Natvik, Gisle
作者单位：BI Norwegian Business School; Columbia University; University of Oslo; University of London; London School Economics & Political Science
摘要：Asset valuations across many asset classes have increased substantially over the past several decades. While these rising valuations had important effects on the distribution of wealth, little is known regarding their redistributive effects in terms of welfare. To make progress on this question, we develop a sufficient statistic for the money-metric welfare gain of deviations in asset valuations. This welfare gain depends on the present value of an individual's net asset sales rather than asse...
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作者：von Wangenheim, Jonas
作者单位：University of Bonn
摘要：Consumer data increasingly enable online marketplaces to identify buyers' preferences and provide individualized product information. Buyers, however, fully learn their product value only after contracting, when the product is delivered. I characterize the impact of such ex ante information on buyer surplus and seller surplus, when the seller sets prices and refund conditions in response to the ex ante information. I show that efficient trade and an arbitrary split of the surplus can be achiev...
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作者：Green, David A.; Sand, Ben M.; Snoddy, Iain G.; Tschopp, Jeanne
作者单位：University of British Columbia; University of York - UK; University of Bern
摘要：We provide new estimates of spillover effects of unions on nonunion wages. We work with a search and bargaining model, endogenizing union formation and including firm responses to unionization threats. Unions affect nonunion wages through a standard threat channel (firms raise wages to fend off unionization) and a bargaining channel (union jobs are part of worker outside options). Model estimates imply that deunionization accounts for a third of the decline in the US mean wage between 1980 and...
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作者：Armstrong, Timothy B.; Weidner, Martin; Zeleneev, Andrei
作者单位：University of Southern California; University of Oxford; University of London; University College London
摘要：We consider estimation and inference for a regression coefficient in panels with interactive fixed effects (i.e., a factor structure). We show that previously developed estimators and confidence intervals (CIs) are heavily biased and size distorted when some of the factors are weak. Combining the theory of minimax linear estimation with a nuclear norm bound on the error of an initial estimate of the interactive effects, we propose estimators with improved rates of convergence and uniformly val...
