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作者：Smith, Matthew; Zidar, Owen; Zwick, Eric
作者单位：United States Department of the Treasury; Princeton University; National Bureau of Economic Research; University of Chicago
摘要：This article uses administrative tax data to estimate top wealth in the United States. We assemble new data that link people to their sources of capital income and develop new methods to estimate the degree of return heterogeneity within asset classes. Disaggregated fixed-income data reveal that rich individuals earn much more of their interest income in higher-yielding forms and have much greater exposure to credit risk. Consequently, in recent years, the interest rate on fixed income at the ...
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作者：Adao, Rodrigo; Carrillo, Paul; Costinot, Arnaud; Donaldson, Dave; Pomeranz, Dina
作者单位：University of Chicago; George Washington University; Massachusetts Institute of Technology (MIT); University of Zurich
摘要：The earnings of individuals depend on the demand for the factor services they supply. International trade may therefore affect earnings inequality because either (i) foreign consumers and firms demand domestic factor services in different proportions than domestic consumers and firms do, an export channel; or (ii) domestic consumers and firms change their demand for domestic factor services in response to the availability of foreign goods, an import channel. Building on this idea, we develop n...
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作者：Cai, Jing; Wang, Shing-Yi
作者单位：University System of Maryland; University of Maryland College Park; National Bureau of Economic Research; National Bureau of Economic Research
摘要：Using a randomized experiment with an automobile manufacturing firm in China, we measure the effects of letting workers evaluate their managers on worker and firm outcomes. In the treatment teams, workers evaluate their managers monthly. We find that providing feedback leads to significant reductions in worker turnover and increases in team-level productivity. In addition, workers report higher levels of happiness and well-being. The evidence suggests that these results are driven by learning ...
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作者：Hermo, Santiago; Paallysaho, Miika; Seim, David; Shapiro, Jesse M.
作者单位：Brown University; Stockholm University; Uppsala University; Centre for Economic Policy Research - UK; Harvard University; National Bureau of Economic Research
摘要：A large literature in cognitive science studies the puzzling Flynn effect of rising fluid intelligence (reasoning skill) in rich countries. We develop an economic model in which a cohort's mix of skills is determined by different skills' relative returns in the labor market and by the technology for producing skills. We estimate the model using administrative data from Sweden. Combining data from exams taken at military enlistment with earnings records from the tax register, we document an inc...
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作者：Acemoglu, Daron; De Feo, Giuseppe; De Luca, Giacomo; Russo, Gianluca
作者单位：Massachusetts Institute of Technology (MIT); University of Leicester; Free University of Bozen-Bolzano; Pompeu Fabra University
摘要：The recent ascent of right-wing populist movements in several countries has rekindled interest in understanding the causes of the rise of fascism in the interwar years. In this article, we argue that there was a strong link between the surge of support for the Socialist Party after World War I and the subsequent emergence of fascism in Italy. We first develop a source of variation in socialist support across Italian municipalities in the 1919 election based on war casualties from the area. We ...
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作者：Dustmann, Christian; Lindner, Attila; Schonberg, Uta; Umkehrer, Matthias; vom Berge, Philipp
作者单位：University of London; University College London; University of London; University College London; University of London; London School Economics & Political Science; University College London; Centre for Economic Policy Research - UK; HUN-REN; HUN-REN Centre for Economic & Regional Studies; University of London; University College London; IZA Institute Labor Economics
摘要：We investigate the wage, employment, and reallocation effects of the introduction of a nationwide minimum wage in Germany that affected 15% of all employees. Based on identification designs that exploit variation in exposure across individuals and local areas, we find that the minimum wage raised wages but did not lower employment. It also led to the reallocation of low-wage workers from smaller to larger, from lower- to higher-paying, and from less to more productive establishments. This work...
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作者：Akcigit, Ufuk; Grigsby, John; Nicholas, Tom; Stantcheva, Stefanie
作者单位：University of Chicago; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Northwestern University; Harvard University; Harvard University
摘要：This article studies the effect of corporate and personal taxes on innovation in the United States over the twentieth century. We build a panel of the universe of inventors who patented since 1920, and a historical state-level corporate tax database with corporate tax rates and tax base information, which we link to existing data on state-level personal income taxes and other economic outcomes. Our analysis focuses on the effect of personal and corporate income taxes on individual inventors (t...
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作者：Feigenberg, Benjamin; Miller, Conrad
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：During traffic stops, police search black and Hispanic motorists more than twice as often as white motorists, yet those searches are no more likely to yield contraband. We ask whether equalizing search rates by motorist race would reduce contraband yield. We use unique administrative data from Texas to isolate variation in search behavior across and within highway patrol troopers and find that search rates are unrelated to the proportion of searches that yield contraband. We find that troopers...
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作者：Gray-Lobe, Guthrie; Pathak, Parag A.; Walters, Christopher R.
作者单位：University of Chicago; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：We use admissions lotteries to estimate the effects of large-scale public preschool in Boston on college-going, college preparation, standardized test scores, and behavioral outcomes. Preschool enrollment boosts college attendance as well as SAT test taking and high school graduation. Preschool also decreases high school disciplinary measures including juvenile incarceration, but has no detectable effect on state achievement test scores. An analysis of subgroups shows that effects on college e...
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作者：Li, Xiaomin; Camerer, Colin F.
作者单位：California Institute of Technology
摘要：Bottom-up stimulus-driven visual salience is largely automatic, effortless, and independent of a person's top-down perceptual goals; it depends only on features of a visual stimulus. Algorithms have been carefully trained to predict stimulus-driven salience values for each pixel in any image. The economic question we address is whether these salience values help explain economic decisions. Our first experimental analysis shows that when people pick between sets of fruits that have artificially...
