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作者：Jha, Saumitra; Shayo, Moses
作者单位：Stanford University; Stanford University; Hebrew University of Jerusalem; University of London; King's College London
摘要：Many studies document low rates of financial literacy and suboptimal levels of participation in financial markets. These issues are particularly acute among women. Does this reflect a self-reinforcing trap? If so, can a nudge to participate in financial markets generate knowledge, confidence and further increase informed participation? We conduct a large field experiment that enables and incentivises working-age men and women-a challenging group to reach with standard financial training progra...
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作者：Carias, Michelle Escobar; Johnston, David W.; Knott, Rachel; Sweeney, Rohan
作者单位：University of Melbourne; Monash University
摘要：Does temperature affect decision-making abilities and rationality? Using Indonesian data, we estimate how risky choices, impatience and rational choice violations vary with exposure to temperature. We show that hot weather temporarily increases rational choice violations and impatience, but does not affect risk-related decisions. These effects are primarily driven by nighttime rather than daytime temperatures. We provide suggestive evidence that the mechanism behind these effects is decreased ...
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作者：Lemos, Renata; Muralidharan, Karthik; Scur, Daniela
作者单位：The World Bank; Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; University of California System; University of California San Diego; National Bureau of Economic Research; Cornell University
摘要：This paper uses new data to study school management and productivity in India. We report five main results. First, management quality in public schools is low, and similar to 2 standard deviations below high-income countries with comparable data. Second, private schools have higher management quality, driven by much stronger people management. Third, people management quality is correlated with independent measures of teaching practice, as well as school productivity measured by student value ...
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作者：Gola, Pawel
作者单位：University of Edinburgh
摘要：Models of self-selection predict that occupations with flat wage schedules attract workers of lower average ability. However, in certain prominent occupations such as academia and the civil service, wages are flat yet the average skill level is high. In this paper, I examine whether social status concerns can explain this puzzle. I find that within-occupation status allows flat wage occupations to attract predominantly high-skilled workers, but only at the cost of attracting few workers overal...
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作者：Dur, Robert; Non, Arjan; Prottung, Paul; Ricci, Benedetta
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute; Erasmus University Rotterdam; Leibniz Association; Ifo Institut; IZA Institute Labor Economics; Boston Consulting Group (BCG)
摘要：In many public policy areas, randomised policy experiments can greatly contribute to our knowledge of the effects of policies and can thus help to improve public policy. However, policy experiments are not very common. This paper studies whether a lack of appreciation for policy experiments among voters may be the reason for this. Collecting survey data representative of the Dutch electorate, we find clear evidence contradicting this view. Voters strongly support policy experimentation and par...
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作者：Braun, Christine
作者单位：University of Warwick
摘要：I document a substantial rise in the proportion of job seekers who are classified as out of the labour force in the United States since 1980. I propose an adjusted unemployment rate to account for these searchers; the adjustment increases the unemployment rate by 5.2 percentage points, rids the unemployment rate of its downward trend and decreases volatility by 50%. I also construct a measure of total search effort in the economy, including employed job seekers. Finally, estimates of the Phill...
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作者：Holmen, M.
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作者：He, Simin; Kucinskas, Simas
作者单位：Shanghai University of Finance & Economics; Humboldt University of Berlin
摘要：We experimentally study how people form expectations about correlated variables. Subjects forecast a time-series variable A. In treatment Baseline, subjects only observe past values of A. In treatment Correlated, they additionally observe a correlated variable B; A is equally predictable and has the same univariate properties in both treatments. Subjects are significantly less accurate and underreact more in Correlated, inconsistent with Bayesian learning. A structural-model estimation indicat...
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作者：Condorelli, Daniele; Padilla, Jorge
作者单位：University of Warwick
摘要：We present a theory of monopoly protection by means of entry in adjacent markets that have a common customer base (i.e., envelopment). A firm dominant in its market enters a data-rich secondary market and engages in predatory pricing and privacy-policy tying. We define the latter as conditioning service provision to the subscription of a privacy policy that allows bundling of user data across all sources. Acquiring data from the secondary market confers an advantage in the data-intensive prima...
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作者：Panunzi, Fausto; Pavoni, Nicola; Tabellini, Guido
作者单位：Bocconi University; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut
摘要：We study how voters' preferences between a safe incumbent and a risky opponent change in the aftermath of a negative aggregate shock. With reference-dependent preferences, economically disappointed voters become risk lovers, and are hence attracted by the more risky candidate. Survey data from the German Socio-Economic Panel are consistent with our assumptions and theoretical predictions on voters' behaviour.
