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作者：Caliendo, Lorenzo; Parro, Fernando; Opromolla, Luca David; Sforza, Alessandro
作者单位：Yale University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; North Carolina State University; University of Bologna
摘要：We build a multicountry dynamic general equilibrium model to study the economic effects of the 2004 enlargement of the European Union. In our model, trade is costly and households of different skills and nationalities face costly forward-looking migration decisions. We exploit the timing of migration policy changes to identify the changes in migration costs. We find that the changes in migration and trade policy resulted in aggregate welfare gains but with heterogeneous effects across skill gr...
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作者：Battaglini, Marco
作者单位：Cornell University
摘要：We propose a new model of legislative bargaining in which coalitions may have different values, reflecting the fact that the policies they can pursue are constrained by the identity of the coalition members. As the delay between offers goes to zero, the equilibrium allocation of the model converges to a generalized version of a Nash bargaining solution in which-in contrast to the standard solution-the winning coalition is endogenous and determined by the relative coalitional values. A form of ...
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作者：Golosov, Mikhail; Iovino, Luigi
作者单位：University of Chicago; Bocconi University
摘要：We study optimal provision of unemployment insurance in a model where agents privately observe arrival of job opportunities and government's ability to commit is imperfect. Imperfect commitment implies that full information revelation is generally suboptimal. Social welfare is convex in the probability with which agents reveal their private information. In the optimum, each agent is provided with incentives to either fully reveal his private information or not reveal it at all. The optimal con...
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作者：Garratt, Rodney J.; van Oordt, Maarten R. C.
作者单位：University of California System; University of California Santa Barbara; Bank of Canada
摘要：Privacy is a feature inherent to the use of cash. With steadily increasing market shares of digital payment platforms, privacy in payments may no longer be attainable in the future. We explore the potential welfare impacts of reductions in privacy in payments. In our framework, firms may use data collected through payments to price discriminate future consumers. A public good aspect arises because individuals do not internalize the full cost of failing to protect their privacy and reduce socia...
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作者：Huber, Kilian
作者单位：University of Chicago
摘要：The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship banks became bigger. In fact, opaque borrowers grew more slowly. The enlarged banks did not increase profits or efficiency but worked with riskier borrowers. Bank managers benefited through higher salaries and media attention. The results are based on newly d...
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作者：De Neve, Jan-Emmanuel; Imbert, Clement; Spinnewijn, Johannes; Tsankova, Teodora; Luts, Maarten
作者单位：University of Oxford; University of Warwick; University of London; London School Economics & Political Science; Tilburg University
摘要：We study the impact of simplification, deterrence, and tax morale on tax compliance. We ran four natural field experiments varying the communication of the tax administration with the universe of income taxpayers in Belgium throughout the tax process. A consistent picture emerges across experiments: (i) simplifying communication substantially increases compliance, (ii) deterrence messages have an additional positive effect, (iii) invoking tax morale is not effective and often backfires. A disc...
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作者：Zhang, Hanzhe
作者单位：Michigan State University
摘要：I build an investment-and-marriage model to provide a new explanation for the reversed college gender gap; that is, more women than men are going to college. The explanation is based on differential fecundity and an equilibrium marriage-market effect. The model also sheds light on gender-specific relationships between age at marriage and midlife personal income for American men and women and the evolving relationship between age at marriage and spousal income for American women.
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作者：Kinsler, Josh; Pavan, Ronni
作者单位：University System of Georgia; University of Georgia; University of Rochester
摘要：Using data from the Early Childhood Longitudinal Study-Kindergarten Class of 1999, we show that parental beliefs about a child's cognitive skill relative to children of the same age are distorted by a child's cognitive skill relative to children in the same school. Parents of children attending schools with low (high) average skills tend to believe their child is higher (lower) in the overall skill distribution than they actually are. Teacher evaluations of child skill also exhibit local disto...
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作者：Kong, Yunmi
作者单位：Rice University
摘要：This paper performs a structural analysis of sequential auctions with both synergy and affiliation across auctions. I propose a flexible yet tractable sequential auction model under the private value paradigm and establish its nonparametric identification, demonstrating an intuitive and general method for disentangling synergy from affiliation. After developing an estimation procedure closely tied to the identification steps, I apply it to data on adjacent oil and gas leases that are auctioned...
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作者：Heathcote, Jonathan; Tsujiyama, Hitoshi
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; Center for Economic & Policy Research (CEPR); Goethe University Frankfurt
摘要：We explore the optimal shape of the income tax and transfer schedule in an environment with distinct roles for public and private insurance. In a calibration to the United States, we find that the optimal system features marginal tax rates that increase in income. When we increase pressure on the government to raise revenue, the optimal marginal tax schedule becomes first flatter and then U-shaped, reconciling various findings in the literature. A power function parametric tax schedule outperf...
