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作者：Berlingieri, Giuseppe; Marcolin, Luca; Ornelas, Emanuel
作者单位：ESSEC Business School; University of London; London School Economics & Political Science; Organisation for Economic Co-operation & Development (OECD); Getulio Vargas Foundation; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut
摘要：Service inputs significantly influence export costs and firm internationalisation. A new dataset on French firms' participation in global value chains reveals that experienced exporters are more likely to source services at destination and within their group. We rationalise these facts in a model where firms are initially uncertain about their export profitability and learn it while selling abroad. The effect is amplified in uncertain markets and in the presence of frictions to domestic sourci...
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作者：Moeller, Marc; Beccuti, Juan
作者单位：University of Bern
摘要：In a common-value environment with multi-stage competition, losing a stage conveys positive news about a rival's estimation of a contested prize, capable of balancing the discouraging effect of falling behind. We show that, due to players' learning from stage outcomes, aggregate incentives under private information are often greater than under public information and may even exceed the static competition benchmark. Moreover, laggards can become more motivated than leaders, giving rise to long-...
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作者：Mansfield, Richard K.
作者单位：University of Colorado System; University of Colorado Boulder
摘要：This paper examines how spatial frictions that differ among heterogeneous workers and establishments shape the geographic and demographic incidence of alternative local labour demand shocks, with implications for the appropriate level of government at which to fund local economic initiatives. Longitudinal Employer-Household Dynamics data featuring millions of job transitions facilitate estimation of a rich two-sided labour market assignment model. The model generates simulated forecasts of man...
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作者：Berman, Nicolas; Rotunno, Lorenzo; Ziparo, Roberta
作者单位：Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Centre for Economic Policy Research - UK; International Monetary Fund; Aix-Marseille Universite
摘要：How to allocate limited resources among children is a crucial household decision, especially in developing countries where it can have strong implications for children and family survival. We provide the first large-scale study linking variations in parental income in the early life of children to subsequent child health and parental investments across siblings in developing countries, using data from multiple waves of the Demographic and Health Surveys spanning fifty-four countries. Variation...
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作者：Montebruno, Piero; Silva, Olmo; Szumilo, Nikodem
作者单位：University of London; London School Economics & Political Science; University of London; University College London
摘要：We study the impact of borrower protection on mortgage and housing demand using variation in the likelihood that houses are repossessed coming from heterogeneity in preferences of local judges. We develop a framework that provides conditions to identify the impact of repossession risk on housing and credit demand, holding supply fixed. Empirically, we exploit exogenous variation in risk created by boundaries of court catchment areas. We find that a one-standard-deviation decrease in borrower p...
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作者：Gneezy, Uri; Serra-Garcia, Marta
作者单位：University of California System; University of California San Diego; Leibniz Association; Ifo Institut
摘要：Is truth believed to be more persuasive than falsehood? This paper explores this question using a series of experiments. First, a survey experiment reveals that participants consistently believe that the persuasive power of truthful messages exceeds that of lies. Second, two laboratory experiments, in which senders record truthful and false video messages about news events, show that senders mistakenly believe that their truthful messages will be more believable. Even when incentivised to lie,...
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作者：Clay, Karen; Schmick, Ethan
作者单位：Carnegie Mellon University; National Bureau of Economic Research; Marquette University
摘要：This paper investigates the long-run impacts of an early-life agricultural shock on Black and White sons in the US South. The boll weevil, one of the most destructive agricultural pests in American history, decreased cotton production and resulted in substantial changes to the Southern economy. The impact of this shock on children who were born before and after its arrival is not a priori obvious; it could be positive or negative depending on whether children born after the shock experienced b...
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作者：[Anonymous]
摘要：This paper develops a framework to integrate demographic change into climate policy analysis. We build an overlapping-generations climate-economy model with a rich demographic structure, allowing population growth and survival probabilities to vary over time. These features endogenously determine the age composition of society and shape aggregate preferences. A central result of our framework is an aggregation result: despite the heterogeneity across cohorts, the planner's problem can be recas...
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作者：De Falco, Adriano; Reichlin, Yannick
作者单位：University of Bologna; Bocconi University
摘要：We analyse whether financing higher education through student loans or grants affects the college major choices of students in Chile where either type of financing is allocated based on a standardised test. Students who are marginally eligible for grants are more likely to enrol in high-paying fields such as science, technology, engineering and mathematics. Complementing the reduced-form results, we estimate a discrete choice model on data for narrowly defined higher education programmes. The ...
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作者：Robbett, Andrea; Matthews, Peter Hans
作者单位：Middlebury College; Aalto University
摘要：How do partisan social norms influence stated factual beliefs about politics? We report the results of two online experiments, conducted on the eve of the 2024 US election, in which participants evaluated factual political statements. In a motivating experiment, we first elicit social norms over reported beliefs and find that Democrats and Republicans identify divergent partisan norms over factual statements. In our main experiment, we find that these norms influence stated beliefs: learning a...
