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作者：Hall, Robert E.; Mueller, Andreas I.
作者单位：Stanford University; National Bureau of Economic Research; National Bureau of Economic Research; Columbia University; IZA Institute Labor Economics
摘要：We use a rich new body of data on the experiences of unemployed job seekers to determine the sources of wage dispersion and to create a search model consistent with the acceptance decisions the job seekers made. We identify the distributions of four key variables: offered wages, offered nonwage job values, job seekers' nonwork alternatives, and job seekers' personal productivities. We find that, conditional on personal productivity, the standard deviation of offered log wages is moderate, at 0...
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作者：Guren, Adam M.
作者单位：Boston University
摘要：House prices exhibit substantially more momentum, positive autocorrelation in price changes, than existing theories can explain. I introduce an amplification mechanism to reconcile this discrepancy. Sellers do not set a unilaterally high or low list price because they face a concave demand curve: increasing the price of an above-average-priced house rapidly reduces its sale probability, but cutting the price of a below-average-priced house only slightly improves its sale probability. The resul...
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作者：Bruhn, Miriam; Karlan, Dean; Schoar, Antoinette
作者单位：The World Bank; IZA Institute Labor Economics; Northwestern University; Innovations for Poverty Action (IPA); National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：A randomized control trial with 432 small and medium enterprises in Mexico shows positive impact of access to 1 year of management consulting services on total factor productivity and return on assets. Owners also had an increase in entrepreneurial spirit (an index that measures entrepreneurial confidence and goal setting). Using Mexican social security data, we find a persistent large increase (about 50 percent) in the number of employees and total wage bill even 5 years after the program. We...
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作者：Lim, Claire S. H.; Yurukoglu, Ali
作者单位：Cornell University; Stanford University
摘要：This paper quantitatively assesses time inconsistency, moral hazard, and political ideology in monopoly regulation of electricity distribution. We specify and estimate a dynamic model of utility regulation featuring investment and moral hazard. We find underinvestment in electricity distribution capital aiming to reduce power outages and use the estimated model to quantify the value of regulatory commitment in inducing greater investment. Furthermore, more conservative political environments g...
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作者：Chaney, Thomas
作者单位：Institut d'Etudes Politiques Paris (Sciences Po)
摘要：The gravity equation in international trade states that bilateral exports are proportional to economic size and inversely proportional to geographic distance. While the role of size is well understood, that of distance remains mysterious. I offer an explanation for the role of distance: If (i) the distribution of firm sizes is Pareto, (ii) the average squared distance of a firm's exports is an increasing power function of its size, and (iii) a parameter restriction holds, then the distance ela...
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作者：Alan, Sule; Ertac, Seda
作者单位：University of Essex; Koc University
摘要：We evaluate the impact of a randomized educational intervention on children's intertemporal choices. The intervention aims to improve the ability to imagine future selves and encourages forward-looking behavior using a structured curriculum delivered by children's own trained teachers. We find that treated students make more patient intertemporal decisions in incentivized experimental tasks. The results persist almost 3 years after the intervention, replicate well in a different sample, and ar...
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作者：Desmet, Klaus; Krisztian Nagy, David; Rossi-Hansberg, Esteban
作者单位：Southern Methodist University; Centre de Recerca en Economia Internacional (CREI); Princeton University
摘要：We develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced-growth path and propose a methodology to analyze equilibria with different levels of migration frictions. Different migration scenarios change local market size, innovation incentives, and the evolution of technology. We bring the model to the data for the whole world economy at a 1 degrees x 1 degrees geographic resolution. We then use the model to quantify the gains from relaxing m...
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作者：Dur, Umut; Kominers, Scott Duke; Pathak, Parag A.; Sonmez, Tayfun
作者单位：North Carolina State University; Harvard University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); Boston College
摘要：We show that in the presence of admissions reserves, the effect of the precedence order (i.e., the order in which different types of seats are filled) is comparable to the effect of adjusting reserve sizes. Either lowering the precedence of reserve seats at a school or increasing the school's reserve size weakly increases reserve-group assignment at that school. Using data from Boston Public Schools, we show that reserve and precedence adjustments have similar quantitative effects. Transparenc...
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作者：Bailey, Michael; Cao, Ruiqing; Kuchler, Theresa; Stroebel, Johannes
作者单位：Facebook Inc; Harvard University; New York University; National Bureau of Economic Research; New York University; Centre for Economic Policy Research - UK
摘要：We show how data from online social networking services can help researchers better understand the effects of social interactions on economic decision making. We combine anonymized data from Facebook, the largest online social network, with housing transaction data and explore both the structure and the effects of social networks. Individuals whose geographically distant friends experienced larger recent house price increases are more likely to transition from renting to owning. They also buy ...
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作者：Cornelissen, Thomas; Dustmann, Christian; Raute, Anna; Schonberg, Uta
作者单位：University of York - UK; University of London; University College London; University of London; Queen Mary University London; University of London; University College London
摘要：We examine heterogeneous treatment effects of a universal child care program in Germany by exploiting variation in attendance caused by a reform that led to a large expansion staggered across municipalities. Drawing on novel administrative data from the full population of compulsory school entry examinations, we find that children with lower (observed and unobserved) gains are more likely to select into child care than children with higher gains. Children from disadvantaged backgrounds are les...
