Economic Journal

最新文章

• INCOME AND POPULATION GROWTH AI翻译
  作者：Brueckner, Markus; Schwandt, Hannes
  作者单位：National University of Singapore; Princeton University
  摘要：Do populations grow as countries become richer? In this study we estimate the effects on population growth of shocks to national income that are plausibly exogenous and unlikely to be driven by technological change. For a panel of over 139 countries spanning the period 1960-2007, we interact changes in international oil prices with countries' average net-export shares of oil in GDP. Controlling for country and time fixed effects, we find that this measure of oil price induced income growth is ...
• Immigration and House Prices in the UK AI翻译
  作者：Sa, Filipa
  作者单位：University of London; King's College London; IZA Institute Labor Economics
  摘要：This article studies the effect of immigration on house prices in the UK. It finds that immigration has a negative effect on house prices and presents evidence that this negative effect is due to the mobility response of the native population. Natives respond to immigration by moving to different areas and those who leave are at the top of the wage distribution. This generates a negative income effect on housing demand and pushes down house prices. The negative effect of immigration on house p...
• Positively Gamma Discounting: Combining the Opinions of Experts on the Social Discount Rate AI翻译
  作者：Freeman, Mark C.; Groom, Ben
  作者单位：Loughborough University; University of London; London School Economics & Political Science
  摘要：The aggregated term structure of social discount rates that results from Weitzman's (2001) survey of expert opinion is shown to be highly sensitive to the nature of the responses. If variation reflects irreducible differences in ethical judgments, the term structure can decline rapidly. If variation occurred because respondents were forecasting future rates under uncertainty, the term structure is much flatter because additional experts provide new information. The former approach triples the ...
• UNVEILING THE ETHICS BEHIND INEQUALITY MEASUREMENT: DALTON'S CONTRIBUTION TO ECONOMICS AI翻译
  作者：Atkinson, Anthony B.; Brandolini, Andrea
  作者单位：University of Oxford; European Central Bank; Bank of Italy; University of London; London School Economics & Political Science
  摘要：This article assesses the importance of Dalton's 1920 paper in the Economic Journal for subsequent developments in income distribution analysis. Dalton, H. (1920). The measurement of the inequality of incomes', Economic Journal, vol. 30(119), pp. 348-61.
• THE MEASUREMENT OF THE INEQUALITY OF INCOME AI翻译
  作者：Dalton, Hugh
• REGRET THEORY: AN ALTERNATIVE THEORY OF RATIONAL CHOICE UNDER UNCERTAINTY AI翻译
  作者：Loomes, Graham; Sugden, Robert
  作者单位：University of Newcastle
• THE DISTRIBUTION OF EARNINGS AND OF INDIVIDUAL OUTPUT AI翻译
  作者：Roy, A. D.
• PRICE RESPONSE, ASYMMETRIC INFORMATION AND COMPETITION AI翻译
  作者：Sherman, Joshua; Weiss, Avi
  作者单位：University of Vienna; Bar Ilan University
  摘要：We compare predictions from a theoretical model based on the structure of the main outdoor retail market in Jerusalem with the results of an empirical analysis of price response to changes in cost. We find that firms without adjacent competition exhibit both upward and downward price rigidity, an outcome we ascribe to asymmetric information between the consumer and the firm. Given that previous studies have focused on downward price rigidities of firms with market power, our findings highlight...
• Do Highly Educated Women Choose Smaller Families? AI翻译
  作者：Hazan, Moshe; Zoabi, Hosny
  作者单位：Tel Aviv University; New Economic School
  摘要：We present evidence that the cross-sectional relationship between fertility and women's education in the US has recently become U-shaped. The number of hours women work has concurrently increased with their education. In our model, raising children and homemaking require parents' time, which could be substituted by services such as childcare and housekeeping. By substituting their own time for market services to raise children and run their households, highly educated women are able to have mo...
• Monetary Policy and the Transaction Role of Money in the US AI翻译
  作者：Kriwoluzky, Alexander; Stoltenberg, Christian A.
  作者单位：University of Bonn; University of Amsterdam; Tinbergen Institute
  摘要：The declining importance of money in transactions can explain the well-known fact that US interest rate policy was passive in the pre-Volcker period and active after 1982. We generalise a standard cashless new Keynesian model (Woodford, 2003) by incorporating an explicit transaction role for money. In the pre-Volcker period, we estimate that money did play an important role and determinacy required a passive interest rate policy. However, after 1982, money no longer played an important role in...