-
作者：Dohmen, Thomas; Falk, Armin; Golsteyn, Bart H. H.; Huffman, David; Sunde, Uwe
作者单位：University of Bonn; Maastricht University; Stockholm University; University of Oxford; University of Munich
摘要：This article investigates how risk attitudes change over the life course. We study the age trajectory of risk attitudes all the way from early adulthood until old age, in large representative panel data sets from the Netherlands and Germany. Age patterns are generally difficult to identify separately from cohort or calendar period effects. We achieve identification by replacing calendar period indicators with controls for the specific underlying factors that may change risk attitudes across pe...
-
作者：Helmers, Christian; Overman, Henry G.
作者单位：Santa Clara University; University of London; London School Economics & Political Science
摘要：We analyse the impact of the establishment of the Diamond Light Source synchrotron, a large basic scientific research facility in the UK, on the geographic distribution of related research. To account for the potentially endogenous location choice of the synchrotron, we rely on the availability of a runner-up' site. We use data on academic publications to trace the geographic distribution of related scientific inputs and outputs. Our results suggest that proximity to Diamond had a positive imp...
-
作者：Mandler, Michael
作者单位：University of London; Royal Holloway University London
摘要：When scientists choose research projects that have the highest expected value, an externality can appear. Slight variations on the existing work will be selected in preference to new lines of research that can, when followed up selectively, generate more expected value over time. New research enjoys two advantages: it is riskier and hence more likely to lead to high-value follow-up projects and it can generate more follow-up projects. Several cures for the externality are analysed: less commun...
-
作者：Myatt, David P.
作者单位：University of London; London Business School
摘要：The supporters of a mainstream candidate contemplate voting for a special-issue minority party (which risks opening the door to a disliked opponent) in order to influence mainstream policy. Protest voting reacts negatively to expectations about others' enthusiasm for the protest issue, more so if the candidate learns from the protest and responds endogenously. I find that electoral support for single-issue protest parties can be negatively related to the true underlying enthusiasm for their ca...
-
作者：Maloney, William F.; Caicedo, Felipe Valencia
作者单位：The World Bank; The World Bank; Universidad de los Andes (Colombia); Pompeu Fabra University
摘要：Using newly collected subnational data, this article establishes the within-country persistence of economic activity in the New World over the last half millennium, a period including the trauma of European colonisation, the drastic reduction of native populations and the imposition of potentially growth inhibiting institutions. High pre-colonial density areas tend to be denser today due to locational fundamentals and agglomeration effects: colonialists established settlements near existing na...
-
作者：Francesconi, Marco; Heckman, James J.
作者单位：University of Essex; University of Chicago
摘要：This article introduces the EJ Feature on Child Development by reviewing the literature and placing the contributions of the articles in the Feature in the context of a vibrant literature.
-
作者：van Ours, Jan C.; Vollaard, Ben
作者单位：Tilburg University; University of Melbourne; Center for Economic & Policy Research (CEPR); Leibniz Association; Ifo Institut; Tilburg University
摘要：We provide evidence for a beneficial welfare impact of a policy targeted at strengthening victim precaution. Regulation made application of the electronic engine immobiliser mandatory for all new cars sold within the European Union. We exploit the regulation as source of exogenous variation in use of the anti-theft device. The device reduced car theft by an estimated 40%, accounting for both the protective effect on cars with the device and the displacement effect on cars without the device. T...
-
作者：Canzoneri, Matthew; Collard, Fabrice; Dellas, Harris; Diba, Behzad
作者单位：Georgetown University; University of Bern
摘要：Standard business cycle models have difficulties generating large, state-dependent fiscal multipliers. Employing a model of costly financial intermediation based on Curdia-Woodford, we show that fiscal multipliers can be strongly state dependent: fiscal expansions during recessions may lead to multiplier values exceeding two, while similar expansions during economic booms would produce values falling short of unity. This pattern obtains if the spread (the financial friction) is more sensitive ...
-
作者：Chiappori, Pierre-Andre
作者单位：Columbia University
摘要：Comparing income levels across families with different composition is a central issue for most welfare indicators and policies. Currently, the dominant method relies on income-based equivalence scales, which raise a host of theoretical, empirical and normative difficulties. However, a new approach, based on the notion of indifference scales, avoids most of these problems, while leading to empirically tractable estimation methods. I submit that time has come to abandon the traditional view in f...
-
作者：Anderberg, Dan; Rainer, Helmut; Wadsworth, Jonathan; Wilson, Tanya
作者单位：University of London; Royal Holloway University London; University of Munich; Leibniz Association; Ifo Institut
摘要：Does rising unemployment really increase domestic violence as many commentators expect? The contribution of this article is to examine how changes in unemployment affect the incidence of domestic abuse. Theory predicts that male and female unemployment have opposite-signed effects on domestic abuse: an increase in male unemployment decreases the incidence of intimate partner violence, while an increase in female unemployment increases domestic abuse. Combining data on intimate partner violence...
