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作者：Heckman, James J.; Sattinger, Michael
作者单位：University of Chicago; State University of New York (SUNY) System; University at Albany, SUNY
摘要：This article summarises the lasting contribution of Roy's (1950) fundamental paper. Roy, A.D (1950). The distribution of earnings and of individual output', Economic Journal, vol. 60(239), pp. 489-505.
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作者：Choi, Sekyu; Janiak, Alexandre; Villena-Roldan, Benjamin
作者单位：Autonomous University of Barcelona; Barcelona School of Economics; Universidad de Chile
摘要：We estimate life-cycle transition probabilities among employment, unemployment and inactivity for US workers. We assess the importance of each worker flow to account for participation and unemployment rates over the life cycle. We find that inactivity exit and entry matter but the empirically relevant margins defy conventional wisdom: high youth unemployment is due to high employment exit probabilities, while low labour force entry probabilities substantially account for low participation and ...
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作者：Collins, J. Michael; Urban, Carly
作者单位：University of Wisconsin System; University of Wisconsin Madison; Montana State University System; Montana State University Bozeman
摘要：Scholars have studied the use of mediation - a third party to facilitate the settlement of a dispute - in a variety of settings. The theoretical literature asserts that mediated negotiation weakly dominates unmediated negotiation, increasing the flow of information between the principal and the agent. This study tests these predictions using a mandatory mediation policy for mortgage contracts in default. Difference-in-differences estimates from three metropolitan statistical areas before and a...
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作者：Egger, Peter; Merlo, Valeria; Ruf, Martin; Wamser, Georg
作者单位：University of Nottingham; Centre for Economic Policy Research - UK; University of Oxford; Eberhard Karls University of Tubingen; Leibniz Association; Ifo Institut; Leibniz Association; Ifo Institut; Eberhard Karls University of Tubingen
摘要：Until 2009, the UK operated a system of worldwide taxation. Under this system, taxation of foreign income was deferred until repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend payments and keeping earnings abroad. In 2009, the UK switched to a system under which all foreign-earned income is exempted from taxation. We evaluate the effects of this reform on foreign affiliates of UK multinationals. Using an identification ap...
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作者：Hanushek, Eric A.
作者单位：Stanford University
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作者：Yi, Junjian; Heckman, James J.; Zhang, Junsen; Conti, Gabriella
作者单位：National University of Singapore; University of Chicago; Chinese University of Hong Kong; University of London; University College London
摘要：In response to health shocks, parents make compensatory and reinforcing investments in different dimensions of human capital across children. Using household data on Chinese child twins whose average age is 11, we find that, compared with the twin sibling who did not suffer from negative early health shocks at age 0-3, the other twin sibling who did received 305 yuan more health investment, but received 182 yuan less educational investment. Overall, the family acts as a net equaliser in respon...
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作者：Armstrong, Mark
作者单位：University of Oxford; University of Oxford
摘要：Many scholarly journals charge high prices to libraries, exclude the wider public altogether, and generate excessive profits. Open access regulation can mitigate these problems when authors are required to publish in journals which offer free and immediate access by readers, or make freely available a substitute to the published article. The former policy is likely to lead to publication fees, making authors less inclined to publish and less willing to publish in selective journals. The latter...
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作者：Clark, Gregory; Cummins, Neil
作者单位：University of California System; University of California Davis; University of London; London School Economics & Political Science
摘要：This article uses a panel of 18,869 people with rare surnames whose wealth is observed at death in England and Wales 1858-2012 to measure the intergenerational elasticity of wealth over five generations. We show, using rare surnames to track families, that wealth is much more persistent than standard one generation estimates would suggest. There is still a significant correlation between the wealth of families five generations apart. We show that this finding can be reconciled with standard es...
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作者：Latham, Oliver
作者单位：University of Cambridge
摘要：Do media organisations turn on unpopular governments and, if so, why? I model a demand-side and supply-side explanation and derive testable implications that can be used to differentiate between them. I take these predictions to the data by examining whether British newspapers give more coverage to investigations into government members of parliament when the government is behind in the polls. Instrumenting for poll leads with plausibly-exogenous macroeconomic variables I find that a 1 SD incr...
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作者：Hu, Luojia; Schlosser, Analia
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; Tel Aviv University
摘要：We study the impacts of prenatal sex selection on girls' well-being in India. We show that high sex ratios at birth reflect the practice of prenatal sex selection and apply a triple difference strategy to examine whether changes in health outcomes of girls relative to boys within states and over time are systematically associated with changes in sex-ratios at birth. We find that an increase in prenatal sex selection leads to a reduction in girls' malnutrition, in particular, underweight and wa...
