-
作者：Montalban, Jose
作者单位：Stockholm University
摘要：Using a unique reform in the Spanish financial aid program, I estimate the impact of need-based grants on student achievement and dropout decisions under different intensities of academic requirements. Utilising comprehensive administrative data from a large university, I exploit sharp discontinuities in the grant eligibility formula to identify the effect of aid on student outcomes. I find that aid eligibility has no effect on student outcomes when the academic requirements are comparable wit...
-
作者：Gennaro, Gloria; Ash, Elliott
-
作者：Guo, Naijia; Xia, Xiaoyu; Zhang, Junsen
作者单位：Chinese University of Hong Kong; University of Essex; Zhejiang University
摘要：We develop a co-residence model between young adults and the elderly as an application of the Shapley-Shubik-Becker bilateral matching framework. This model captures competition between adult children and between parents and parents-in-law. Using microdata from China, we estimate our model by using a network simulation method to fill in partially unobservable marriage links. We find that our model explains the child-side and parent-side competitions observed in the data better than two alterna...
-
作者：Kiessling, Lukas; Norris, Jonathan
作者单位：Max Planck Society; University of Strathclyde
摘要：This paper studies how peers in school affect students' mental health. Guided by a theoretical framework, we find that increasing students' relative ranks in their cohorts by one standard deviation improves their mental health by 6% of a standard deviation conditional on own ability. These effects are more pronounced for low-ability students, persistent for at least 14 years and carry over to economic long-run outcomes. Moreover, we document a pronounced asymmetry: Students who receive negativ...
-
作者：Hengel, Erin
作者单位：University of London; University College London
摘要：Female authors are under-represented in top economics journals. In this paper, I investigate whether higher writing standards contribute to the problem. I find that (i) female-authored papers are 1%-6% better written than equivalent papers by men; (ii) the gap widens during peer review; (iii) women improve their writing as they publish more papers (but men do not); (iv) female-authored papers take longer under review. Using a subjective expected utility framework, I argue that higher writing s...
-
作者：Coviello, Decio; Marino, Immacolata; Nannicini, Tommaso; Persico, Nicola
作者单位：Universite de Montreal; HEC Montreal; University of Naples Federico II; Bocconi University; Northwestern University
摘要：We study the effect of a persistent demand shock on corporate factor utilisation. Our identification strategy leverages a legislative change designed to permanently reduce spending in certain targeted municipalities. This change generates an arguably exogenous drop in the revenue of procurement firms, which differs depending on each firm's reliance for its revenue on procurement in the targeted municipalities. We find that firms responded to the demand shock by cutting capital rather than labo...
-
作者：Severnini, Edson
作者单位：Carnegie Mellon University; IZA Institute Labor Economics; National Bureau of Economic Research
摘要：This paper evaluates large-scale hydroelectric dams built in the United States during the twentieth century. Combining panel event-study designs and synthetic control methods, two results stand out. First, dams constructed pre-1950 spurred short-run local growth, in large part thanks to a 'cheap-local-power advantage', and resulted in remarkable long-run growth, more than doubling local population density after 50 years. Second, dams constructed post-1950 had only modest effects on growth. The...
-
作者：Benhabib, Jess; Bisin, Alberto; Fernholz, Ricardo T.
作者单位：New York University; Claremont Colleges; Claremont Graduate University; Claremont McKenna College
摘要：Recent empirical work has demonstrated a positive correlation between grandparent-child wealth rank, even after controlling for parent-child wealth rank, and a positive correlation between dynastic wealth ranks across almost six hundred years. We show that a simple heterogeneous agents model with idiosyncratic wealth returns generates a realistic wealth distribution, but fails to capture these long-run patterns of wealth mobility. An auto-correlated returns specification of this model also fai...
-
作者：Hagen, Johannes; Hallberg, Daniel; Lindquist, Gabriella Sjogren
作者单位：Jonkoping University; Uppsala University; Stockholm University
摘要：We study the effects of two exogenous modifications in the Swedish pension system application form nudging individuals towards a fixed-term payout. Meanwhile, the set of available options and the default option-life annuity-were unchanged during the period under study. We examine the effects on individuals' payout decisions and the spillover effects on labour supply and other pensions using a difference-in-difference framework and detailed administrative data on actual payout decisions and a w...
-
作者：Crafts, Nicholas; Mills, Terence C.
作者单位：University of Sussex; University of Warwick; Loughborough University
摘要：We investigate a structural model of demographic-economic interactions for England during 1570 to 1850. We estimate that the annual rate of population growth consistent with constant real wages was 0.4% before 1760 but 1.5% thereafter. We find that exogenous shocks increased population growth dramatically in the early decades of the Industrial Revolution. Simulations of our model show that if these demographic shocks had occurred before the Industrial Revolution the impact on real wages would ...
