Economic Journal

最新文章

• The Role of Language in Shaping International Migration AI翻译
  作者：Adsera, Alicia; Pytlikova, Mariola
  作者单位：Princeton University; Technical University of Ostrava
  摘要：This article examines the importance of language in international migration from multiple angles by studying the role of linguistic proximity, widely spoken languages, linguistic enclaves and language-based immigration policy requirements. To this aim we collect a unique data set on immigration flows and stocks in 30 OECD destinations from all world countries over the period 1980-2010 and construct a set of linguistic proximity measures. Migration rates increase with linguistic proximity and w...
• Convergence and Modernisation AI翻译
  作者：Barro, Robert J.
  作者单位：Harvard University
  摘要：In a country panel since 1960, the estimated annual convergence rate for GDP is 1.7%, conditional on time-varying explanatory variables. With country fixed effects, the estimated convergence rate is misleadingly high. With data starting in 1870, country fixed effects are reasonable and the estimated convergence rate is 2.6%. Combining the two estimates suggests conditional convergence close to the iron-law' rate of 2%. With post-1960 data, estimation without country fixed effects reveals posit...
• KNOWLEDGE SPILLOVERS, INNOVATION AND GROWTH AI翻译
  作者：Aghion, Philippe; Jaravel, Xavier
  作者单位：Harvard University; Harvard University
• The Effect of Education on Criminal Convictions and Incarceration: Causal Evidence from Micro-data AI翻译
  作者：Hjalmarsson, Randi; Holmlund, Helena; Lindquist, Matthew J.
  作者单位：University of Gothenburg; University of London; Queen Mary University London; Stockholm University
  摘要：This article studies the causal effect of educational attainment on conviction and incarceration using Sweden's compulsory schooling reform as an instrument for years of schooling and a 70% sample from Sweden's Multigenerational Register matched with more than 30years of administrative crime records. We find a significant negative effect of schooling on male convictions and incarceration; one additional year of schooling decreases the likelihood of conviction by 6.7% and incarceration by 15.5%...
• The Economic Costs of Organised Crime: Evidence from Southern Italy AI翻译
  作者：Pinotti, Paolo
  作者单位：Bocconi University
  摘要：I examine the post-war economic development of two regions in southern Italy exposed to mafia activity after the 1970s and apply synthetic control methods to estimate their economic performance in the absence of organised crime. The comparison of actual and counterfactual development shows that the presence of mafia lowers GDP per capita by 16%. Evidence from electricity consumption and growth accounting suggests that lower GDP reflects a net loss of economic activity, due to the substitution ...
• FIRMS' RENTS, WORKERS' BARGAINING POWER AND THE UNION WAGE PREMIUM AI翻译
  作者：Breda, Thomas
  作者单位：Centre National de la Recherche Scientifique (CNRS); Paris School of Economics; University of London; London School Economics & Political Science
  摘要：This article identifies the wage premium associated with firm-level union recognition in France. An average premium of 2% is found despite the fact that most workers are already covered by industry-level agreements. To explore the origin of the premium, I construct a simple bargaining model from which I derive three predictions, which are tested empirically using matched employer-employee data. The main prediction is that if intra-firm bargaining is behind the union wage premium, the latter in...
• CHOOSING THE FORM OF GOVERNMENT: THEORY AND EVIDENCE FROM BRAZIL AI翻译
  作者：Nakaguma, Marcos Yamada
  作者单位：Universidade de Sao Paulo
  摘要：This article proposes a model to study the main factors that influence the preferences of different population groups between presidential and parliamentary systems. Ceteris paribus, the poor groups in the population tend to prefer a presidential system relatively more than the rich, as the lower quality of their local accountability institutions (e.g. local media and judicial courts) makes them more vulnerable to the expropriation of rents by their legislators. The model is able to account fo...
• Equity Recourse Notes: Creating Counter-cyclical Bank Capital AI翻译
  作者：Bulow, Jeremy; Klemperer, Paul
  作者单位：Stanford University; University of Oxford
  摘要：We propose a new form of hybrid capital for banks, Equity Recourse Notes (ERNs), which (i) ameliorate booms and busts by creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times; (ii) help solve the too-big-to-fail problem; and (iii) reduce the regulatory system's reliance on accounting measures of capital. ERNs avoid the flaws of existing contingent convertible bonds (cocos) - in particular, they convert more credibly. Future required increas...
• The Rise in Life Expectancy and Economic Growth in the 20th Century AI翻译
  作者：Hansen, Casper Worm; Lonstrup, Lars
  作者单位：University of Copenhagen; University of Southern Denmark
  摘要：This research exploits conditional exogenous variation in mortality from the diffusion of modern medicine to study the effect of growth in life expectancy on the growth in GDP per capita. The empirical analysis establishes that countries that obtained higher growth rates of life expectancy due to this shock to mortality in the mid-twentieth century experienced lower growth rates of GDP per capita in the second half of the twentieth century. In addition, a negative relationship between initial ...
• REGRET THEORY: A BOLD ALTERNATIVE TO THE ALTERNATIVES AI翻译
  作者：Bleichrodt, Han; Wakker, Peter P.
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
  摘要：In their famous 1982 paper in this Journal, Loomes and Sugden introduced regret theory. Now, more than 30years later, the case for the historical importance of this contribution can be made. Loomes, G. and Sugden, R. (1982). Regret theory: an alternative theory of rational choice under uncertainty', Economic Journal, vol. 92(368), pp. 805-24.