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作者：Albrecht, James; Navarro, Lucas; Vroman, Susan
作者单位：Georgetown University
摘要：In this article, we build an equilibrium search and matching model of an economy with an informal sector. Our model extends Mortensen and Pissarides (1994) by allowing for ex ante worker heterogeneity with respect to formal-sector productivity. We use the model to analyse the effects of labour market policy on informal-sector and formal-sector output, on the division of the workforce into unemployment, informal-sector employment and formal-sector employment, and on wages. Finally, we examine t...
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作者：Bressoux, Pascal; Kramarz, Francis; Prost, Corinne
作者单位：Communaute Universite Grenoble Alpes; Universite Grenoble Alpes (UGA); Institut Polytechnique de Paris; ENSAE Paris
摘要：This article uses a feature of the French system in which some novice teachers start their jobs before receiving any training. Moreover, thanks to administrative mistakes in forecasting the number of teachers, trained and untrained novice teachers are similar in 1991. We show that they are assigned to similar classes. In addition, we show that the same sample can be used to estimate the causal effect of class size. Our findings are: (1) teachers' training substantially improves students' test ...
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作者：Blanchflower, David G.; Shadforth, Chris
作者单位：University of Stirling
摘要：We examine the impact on the UK economy of the flow of workers from ten East European countries after their accession to the European Union. We find evidence that those most susceptible to competition from these workers have seen weaker wage inflation. We document that the presence of these foreign workers has increased the fear of unemployment and helped to contain wage pressure. We argue that this inflow of workers has increased supply by more than it has raised demand and, thus, had the eff...
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作者：Shang, Jen; Croson, Rachel
作者单位：Indiana University System; Indiana University Bloomington; University of Texas System; University of Texas Dallas
摘要：We study the effect of social information on the voluntary provision of public goods. Competing theories predict that others' contributions might be either substitutes or complements to one's own. We demonstrate a positive social information effect on individual contributions, supporting theories of complementarities. We find the most influential level of social information is drawn from the 90th to 95th percentile of previous contributions. We furthermore find the effect to be significant for...
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作者：Nelson, Edward
作者单位：Federal Reserve System - USA; Federal Reserve Bank - St. Louis
摘要：The inflation targeting regime prevailing in the UK is not the result of a change in policy maker objectives. Analysis of UK policymakers' statements demonstrates that objectives have been essentially unchanged over five decades. Instead, the crucial underpinning of UK inflation targeting is an overhaul of doctrine. This overhaul involves changes in policymakers' views regarding key IS and Phillips curve parameters. They particularly have involved whether levels terms (of the real interest rat...
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作者：Tong, Jian
作者单位：University of Southampton
摘要：This article explains contemporaneous exit and entry in a new industry with a diffusion process across submarkets. It allows a re-interpretation of the shakeout process in some industries in a novel way. The industry is a collection of initially inactive independent submarkets; the timing of their activation is determined by an exogenous aggregate diffusion process. New submarket opening attracts new entry. However, the post-entry endogenous sunk investment requirement induced by innovations a...
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作者：Bhaskar, V.
作者单位：University of London; University College London
摘要：In cricket, the right to make an important strategic decision ( bat first or field first) is assigned via a coin toss. I use these 'randomised trials' to examine the consistency of choices made by teams with strictly opposed preferences and the effects of these choices upon the outcomes in the game. I find significant evidence of inconsistency, with teams often agreeing on who is to bat first. Estimated treatment effects show that choices are often poorly made and reduce the probability of the...
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作者：Cornand, C.; Heinemann, F.
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作者：Friebel, Guido; Giannetti, Mariassunta
作者单位：Goethe University Frankfurt; Stockholm School of Economics
摘要：We show that access to finance may affect firms through the labour market. Talented workers want to realise their ideas but also seek insurance against income risk. Large firms default less often than small firms but they investigate more thoroughly and reject more good ideas. With easier access to consumer credit, talented workers become less averse to the income risk of working in small firms. Thus, small firms gain an advantage on the labour market, their profit volatility increases and lar...
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作者：Lancaster, Tony
作者单位：Brown University
