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作者：Jager, Simon; Schoefer, Benjamin; Young, Samuel; Zweimuller, Josef
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of California System; University of California Berkeley; University of Zurich
摘要：Nonemployment is often posited as a worker's outside option in wage setting models such as bargaining and wage posting. The value of nonemployment is therefore a key determinant of wages. We measure the wage effect of changes in the value of nonemployment among initially employed workers. Our quasi-experimental variation in the value of nonemployment arises from four large reforms of unemployment insurance (UI) benefit levels in Austria. We document that wages are insensitive to UI benefit cha...
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作者：Young, Alwyn
作者单位：University of London; London School Economics & Political Science
摘要：I follow R. A. Fisher's The Design of Experiments (1935), using randomization statistical inference to test the null hypothesis of no treatment effects in a comprehensive sample of 53 experimental papers drawn from the journals of the American Economic Association. In the average paper, randomization tests of the significance of individual treatment effects find 13% to 22% fewer significant results than are found using authors' methods. In joint tests of multiple treatment effects appearing to...
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作者：Burchardi, Konrad B.; Gulesci, Selim; Lerva, Benedetta; Sulaiman, Munshi
作者单位：Stockholm University; Bocconi University; Bocconi University; Stockholm University; Bangladesh Rural Advancement Committee BRAC; BRAC University
摘要：Agricultural productivity is particularly low in developing countries. Output-sharing rules that make farmers less-than-full residual claimants are seen as a potentially important driver of low agricultural productivity. We report results from a field experiment designed to estimate and understand the effects of sharecropping contracts on agricultural input choices, risk-taking, and output. The experiment induced variation in the terms of sharecropping contracts. After agreeing to pay 50% of t...
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作者：Adao, Rodrigo; Kolesar, Michal; Morales, Eduardo
作者单位：University of Chicago; Princeton University
摘要：We study inference in shift-share regression designs, such as when a regional outcome is regressed on a weighted average of sectoral shocks, using regional sector shares as weights. We conduct a placebo exercise in which we estimate the effect of a shift-share regressor constructed with randomly generated sectoral shocks on actual labor market outcomes across U.S. commuting zones. Tests based on commonly used standard errors with 5% nominal significance level reject the null of no effect in up...
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作者：Cantoni, Davide; Yang, David Y.; Yuchtman, Noam; Zhang, Y. Jane
作者单位：University of Munich; Leibniz Association; Ifo Institut; Harvard University; University of London; London School Economics & Political Science; National Bureau of Economic Research; Hong Kong University of Science & Technology
摘要：Social scientists have long viewed the decision to protest as strategic, with an individual's participation a function of their beliefs about others' turnout. We conduct a framed field experiment that recalibrates individuals' beliefs about others' protest participation, in the context of Hong Kong's ongoing antiauthoritarian movement. We elicit subjects' planned participation in an upcoming protest and their prior beliefs about others' participation, in an incentivized manner. One day before ...
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作者：Chan, David C.; Dickstein, Michael J.
作者单位：Stanford University; National Bureau of Economic Research; New York University
摘要：In setting prices for physician services, Medicare solicits input from a committee that evaluates proposals from industry. The committee itself comprises members from industry; we investigate whether this arrangement leads to regulatory capture with prices biased toward industry interests. We find that increasing a measure of affiliation between the committee and proposers by one standard deviation increases prices by 10%. We then evaluate whether employing a biased committee as an intermediar...
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作者：Liu, Ernest
作者单位：Princeton University
摘要：Many developing economies adopt industrial policies favoring selected sectors. Is there an economic logic to this type of intervention? I analyze industrial policy when economic sectors form a production network via input-output linkages. Market imperfections generate distortionary effects that compound through backward demand linkages, causing upstream sectors to become the sink for imperfections and have the greatest size distortions. My key finding is that the distortion in sectoral size is...
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作者：Smith, Matthew; Yagan, Danny; Zidar, Owen; Zwick, Eric
作者单位：United States Department of the Treasury; University of California System; University of California Berkeley; National Bureau of Economic Research; Princeton University; University of Chicago
摘要：How important is human capital at the top of the U.S. income distribution? A primary source of top income is private pass-through business profit, which can include entrepreneurial labor income for tax reasons. This article asks whether top pass-through profit mostly reflects human capital, defined as all inalienable factors embodied in business owners, rather than financial capital. Tax data linking 11 million firms to their owners show that top pass-through profit accrues to working-age owne...
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作者：Rogerson, Richard; Wallenius, Johanna
作者单位：Princeton University; Stockholm School of Economics
摘要：Using the Consumption Activities Mail Survey (CAMS) module in the HRS, we document how individual time allocations change when one or more household members transitions from full-time work to not working. We find that the ratio of home production to leisure time is approximately constant for both family members. Using a model of household labor supply to understand the implications of this finding, we conclude that the elasticity of substitution between the leisure of the two members is quite ...
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作者：Hassan, Tarek A.; Mano, Rui C.
作者单位：Boston University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); International Monetary Fund
摘要：Separate literatures study violations of uncovered interest parity (UIP) using regression-based and portfolio-based methods. We propose a decomposition of these violations into a cross-currency, a between-time-and-currency, and a cross-time component that allows us to analytically relate regression-based and portfolio-based facts and to estimate the joint restrictions they put on models of currency returns. Subject to standard assumptions on investors' information sets, we find that the forwar...
