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作者：Piveteau, Paul; Smagghue, Gabriel
作者单位：Cornerstone Research; European Central Bank; Bank of France
摘要：We document that firms with low prices are more impacted by low-cost competition. To explain this pattern, we propose an empirical model of trade with random-coefficient demand and endogenous product quality. Unlike commonly used demand systems (e.g., constant elasticity of substitution, nested logit), this model generates rich substitution patterns and implies an 'escape-competition' effect: in response to low-cost competition, firms have an incentive to upgrade their product quality. The est...
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作者：Fiva, Jon H.; King, Max-Emil M.
作者单位：BI Norwegian Business School; BI Norwegian Business School
摘要：Women tend to experience a substantial decline in their labour income after their first child is born, while men do not. Do such 'child penalties' also exist in the political arena? Using comprehensive administrative data from Norway, we find that women are less likely than men to secure elected office after their first child is born. The effects already manifest from the nomination stage, where mothers receive less favourable rankings on party lists relative to comparable fathers. This paper ...
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作者：Horvath, Gergely
作者单位：Duke Kunshan University
摘要：We experimentally study effort provision and network formation in the linear-quadratic game characterised by positive externality and complementarity of effort choices among network neighbours. We compare experimental outcomes to the equilibrium and efficient allocations and study the impact of group size and linking costs. We find that individuals overprovide effort relative to the equilibrium level on the network they form. However, their payoffs are lower than the equilibrium payoffs becaus...
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作者：Priebe, Jan; Rink, Ute; Stemmler, Henry
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作者：Baley, Isaac; Ljungqvist, Lars; Sargent, Thomas J.
作者单位：Pompeu Fabra University; Centre de Recerca en Economia Internacional (CREI); Barcelona School of Economics; Centre for Economic Policy Research - UK; Stockholm School of Economics; New York University
摘要：Returns to labour mobility have too often escaped the attention they deserve as conduits of important forces in macro-labour models. These returns are shaped by calibrations of productivity processes that use theoretical perspectives and data sources from (i) labour economics and (ii) industrial organisation. By investigating earlier prominent studies, we conclude that the focus on firm size dynamics and shocks intermediated through neo-classical production functions in (ii) yields large retur...
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作者：Fisman, Raymond; Guriev, Sergei; Ioramashvili, Carolin; Plekhanov, Alexander
作者单位：Boston University; Boston University; Institut d'Etudes Politiques Paris (Sciences Po); University of Sussex; University of London; London School Economics & Political Science; European Bank of Reconstructon & Development
摘要：We empirically investigate the relationship between corruption and growth using a firm-level dataset that is unique in scale, covering almost 88,000 firms across 141 economies in 2006-20, with wide-ranging corruption experiences. The scale and detail of our data allow us to explore the corruption-growth relationship at a very local level, within industries in a relatively narrow geography. We report three empirical regularities. First, firms that make zero informal payments tend to grow slower...
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作者：Siena, Daniele; Zago, Riccardo
作者单位：Polytechnic University of Milan; Polytechnic University of Milan; European Central Bank; Bank of France
摘要：This paper shows that job polarisation-i.e., the disappearance of routine jobs-is changing the characteristics of the labour market. This has structural implications for the relationship between inflation and unemployment, the price Phillips curve. Using data from the European Monetary Union and exploiting the fact that job polarisation accelerates during recessions, we obtain two empirical results. First, countries experiencing a bigger shift in the occupational structure during a downturn ex...
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作者：Basak, Deepal
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Indiana University System; Indiana University Bloomington
摘要：We consider a bargaining game in which both sides are uncertain about their opponent's commitment, which leads to delay and welfare loss in equilibrium. We address the following question: does ex ante better public information about a player improve expected social welfare? We show that if the information cannot turn the bargaining table (turns the weak bargainer into a strong one and vice versa), more information does not help. More information about a weak bargainer has zero impact, whereas ...
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作者：Bianchi, Nicola; Giorcelli, Michela; Martino, Enrica Maria
作者单位：Northwestern University; Northwestern University; National Bureau of Economic Research; University of California System; University of California Los Angeles; Center for Economic & Policy Research (CEPR)
摘要：This paper studies how fiscal decentralisation affects labour supply. It explores a reform that increased the fiscal autonomy of Italian municipalities by replacing government transfers with revenues from a local property tax. Our identification leverages cross-municipal variation in the degree of decentralisation that stems from differences in the average age of buildings caused by World War II bombings. Decentralisation expanded municipal services, such as nursery schools, especially in area...
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作者：Parker, Susan W.; Vogl, Tom
作者单位：University System of Maryland; University of Maryland College Park; National Bureau of Economic Research; University of California System; University of California San Diego
摘要：Conditional cash transfer programmes have spread to over 60 countries in the past two decades, but little is known about their long-term effects. We estimate the lasting impact of childhood exposure to the Mexico's flagship programme Progresa by leveraging the age structure of benefits and geographic variation in early programme penetration nationwide. Childhood exposure improves women's outcomes in early adulthood with increases in educational attainment, geographic mobility, labour market pe...
