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作者：Porter, Maria; Adams, Abi
作者单位：Michigan State University; University of Oxford; University of London; London School Economics & Political Science
摘要：Understanding the motivations behind intergenerational transfers is an important and active research area in economics. The existence and responsiveness of familial transfers have consequences for the design of intra and intergenerational redistributive programmes, particularly as such programmes may crowd out private transfers amongst altruistic family members. Yet, despite theoretical and empirical advances in this area, significant gaps in our knowledge remain. In this article, we advance t...
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作者：Blonigen, Bruce A.
作者单位：University of Oregon; National Bureau of Economic Research
摘要：Industrial policies (IPs) are commonly used by countries to promote targeted sectors but may have significant impacts on downstream sectors. Using a new hand-collected database of steel-sector IP use in major steel-producing countries, I find that IP use is quite harmful to downstream sectors. A 1 standard deviation increase in steel IP presence leads to a 1.2% decline in export competitiveness for the average downstream manufacturing sector in the first few years of its application, and a 6% ...
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作者：Algan, Yann; Cahuc, Pierre; Sangnier, Marc
作者单位：Institut d'Etudes Politiques Paris (Sciences Po); Institut Polytechnique de Paris; Ecole Polytechnique; ENSAE Paris; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS)
摘要：We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits and high taxes only when they are surrounded by trustworthy individuals. We provide empirical evidence for these behaviours and this twin peaks relation in the OECD countries.
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作者：Butler, Jeffrey V.
摘要：I present experimental evidence for a novel mechanism yielding inequality persistence. Just world beliefs research suggests that individuals believe they merit unequal treatment they experience. Merit depends on ability and effort so that disadvantage (advantage) may undermine (bolster) confidence in own relative ability. Because decisions determining economic success rely on such beliefs (e.g. competitiveness), inequality may self-perpetuate. In multiple experiments, I randomly assign unequal...
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作者：Jacobsen, Grant D.; Parker, Dominic P.
作者单位：University of Oregon; University of Wisconsin System; University of Wisconsin Madison
摘要：The current US oil and gas boom is injecting labour, capital and revenue into communities near reserves. Will these communities be cursed with lower long-run incomes in the wake of the boom? We study the oil boom-and-bust cycle of the 1970s and 1980s to gain insights. Using annual data on drilling to identify western boom-and-bust counties, we find substantial positive local employment and income effects during the boom. In the aftermath of the bust, however, we find that incomes per capita de...
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作者：Foellmi, Reto; Legge, Stefan; Schmid, Lukas
作者单位：University of St Gallen; Centre for Economic Policy Research - UK
摘要：Does information processing affect individual risk-taking behaviour? This article provides evidence that professional athletes suffer from a left-digit bias when dealing with signals about differences in performance. Using data from the highly competitive field of World Cup alpine skiing for the period of 1992-2014, we show that athletes misinterpret actual differences in race times by focusing on the leftmost digit, which results in increased risk-taking behaviour. For the estimation of causa...
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作者：Teles, Pedro; Uhlig, Harald; Valle e Azevedo, Joao
作者单位：Universidade Catolica Portuguesa; University of Chicago; National Bureau of Economic Research; Banco de Portugal; Universidade Nova de Lisboa
摘要：This article investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best. Second, the fit markedly improves, when correcting for variation in output growth and the opportunity cost of money, using elasticities implied by the theories of Baumol-Tobin and Miller-Orr. Finally, a subsample characterised by the adoption of infla...
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作者：Arnold, Jens Matthias; Javorcik, Beata; Lipscomb, Molly; Mattoo, Aaditya
作者单位：University of Oxford; Centre for Economic Policy Research - UK; Organisation for Economic Co-operation & Development (OECD); University of Oxford; University of Virginia; The World Bank
摘要：Conventional explanations for the post-1991 growth of India's manufacturing sector focus on goods trade liberalisation and industrial delicensing. We demonstrate the powerful contribution of a neglected factor: India's policy reforms in services. The link between these reforms and the productivity of manufacturing firms is examined using panel data for about 4,000 Indian firms for the period 1993-2005. We find that banking, telecommunications, insurance and transport reforms all had significan...
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作者：Chaney, Eric; Hornbeck, Richard
作者单位：Harvard University; University of Chicago
摘要：We investigate economic dynamics in the Malthusian era using the 1609 expulsion of Moriscos from Spain. Sharp population declines in former-Morisco districts were accompanied by decreased output and increased per capita output. While these short-run results are consistent with standard Malthusian predictions, Malthusian convergence was delayed up to 1786 in former-Morisco districts. Archival sources and historical accounts suggest extractive institutions and cultural differences may have contr...
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作者：Ettinger, David; Michelucci, Fabio
作者单位：Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Charles University Prague; Universite PSL; Universite Paris-Dauphine; Centre National de la Recherche Scientifique (CNRS); Institut de Recherche pour le Developpement (IRD); Laboratoire dEconomie de Dauphine LEDa; Universite de Montreal
摘要：We analyse a rationale for hiding information in open ascending auction formats. We focus on the incentives for a bidder to call a price higher than the highest standing one in order to prevent the remaining active bidders from aggregating more accurate information by observing the exact dropout values of the opponents who exit the auction. We show that the decision whether to allow jump bids or not can have a drastic impact on revenue and efficiency.
