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作者：Canova, Fabio; Matthes, Christian
作者单位：Indiana University System; Indiana University Bloomington; BI Norwegian Business School
摘要：We explain how to use the composite likelihood function to ameliorate estimation, computational and inferential problems in dynamic stochastic general equilibrium models. We combine the information present in different models or data sets to estimate the parameters common across models. We provide intuition for why the methodology works and alternative interpretations of the estimators we construct and of the statistics we employ. We present a number of situations where the methodology has the...
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作者：Abbink, Klaus; Dong, Lu; Huang, Lingbo
作者单位：Monash University; Nanjing Audit University
摘要：We study escalation and aggression in an experimental first-strike game in which two participants play multiple rounds of a money-earning task. In each round, both players can spend money to accumulate weapons. The player with more weapons can spend money to strike against the other player, which almost totally eliminates the victim's earnings potential and removes their capacity to strike. Weapons can serve as a means of deterrence. In four treatments, we find that deterrence is strengthened ...
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作者：Bartos, Vojtech; Bauer, Michal; Chytilova, Julie; Levely, Ian
作者单位：Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; University of Munich; Charles University Prague; University of London; King's College London
摘要：We test whether an environment of poverty affects time preferences through purely psychological channels. We measured discount rates among farmers in Uganda who made decisions about when to enjoy entertainment instead of working. To circumvent the role of economic constraints, we experimentally induced thoughts about poverty-related problems, using priming techniques. We find that thinking about poverty increases the preference to consume entertainment early and to delay work. Using monitoring...
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作者：Lindenlaub, Ilse; Prummer, Anja
作者单位：Yale University; University of London; Queen Mary University London
摘要：We develop a theory that links individuals' network structure to their productivity and earnings. While a higher degree leads to better access to information, more clustering leads to higher peer pressure. Both information and peer pressure affect effort in a model of team production, with each being beneficial in a different environment. We find that information is particularly valuable under high uncertainty, whereas peer pressure is more valuable in the opposite case. We apply our theory to...
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作者：Aaronson, Daniel; Dehejia, Rajeev; Jordan, Andrew; Pop-Eleches, Cristian; Samii, Cyrus; Schulze, Karl
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; New York University; University of Chicago; Columbia University; Princeton University
摘要：Using a compiled data set of 441 censuses and surveys from between 1787 and 2015, representing 103 countries and 51.4 million mothers, we find that: (i) the effect of fertility on labour supply is typically indistinguishable from zero at low levels of development and large and negative at higher levels of development, (ii) the negative gradient is stable across historical and contemporary data, and (iii) the results are robust to identification strategies, model specification. and data constru...
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作者：Galbiati, Roberto; Ouss, Aurelie; Philippe, Arnaud
作者单位：Centre National de la Recherche Scientifique (CNRS); University of Pennsylvania; University of Bristol; Centre National de la Recherche Scientifique (CNRS); Institut d'Etudes Politiques Paris (Sciences Po)
摘要：We study how local labour market conditions and information about job availability affect recidivism after incarceration. We exploit daily variations in the quality of the labour market at the time of release from prison. We combine individual-level administrative data on former inmates in France to county-level daily data on new job vacancies, and on newspaper coverage of job creation and destruction. Our analysis provides two new findings. First, media coverage of job creation reduces recidi...
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作者：Martellini, Paolo; Menzio, Guido; Visschers, Ludo
作者单位：New York University; National Bureau of Economic Research; University of Edinburgh
摘要：We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use a simple but rich search-theoretic model of the labour market in which the UE, EU and EE rates are all endogenous. Analytically, we show that an increase in the discount rate lowers the UE rate and, under some natural conditions, it lowers the EU rate. Quantitatively, we show that an increase in the discount rate from 4% to 10% generates a 3.5% decline in the UE rate and a 6% ...
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作者：Li, Wenchao; Yi, Junjian
作者单位：Tongji University; Peking University
摘要：We study the consequences of alphabetical author order in economics for job placements of economists, based on a context that enables a clean identification. Results using two different data sets both show that, relative to Chinese physicists and statisticians, Chinese economists with surname initials located later in the alphabet tend not to stay in the US and are more likely to work in China. Such effects of surname initials on job placements are clearly identified and represent a result of ...
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作者：Koch, Michael; Manuylov, Ilya; Smolka, Marcel
作者单位：Aarhus University; Leibniz Association; Ifo Institut
摘要：We study the microeconomic implications of robot adoption using a rich panel data set of Spanish manufacturing firms over a 27-year period (1990-2016). We provide causal evidence on two central questions: (1) Which firm characteristics prompt firms to adopt robots? (2) What is the impact of robots on adopting firms relative to non-adopting firms? To address these questions, we look at our data through the lens of recent attempts in the literature to formalise the implications of robot technolo...
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作者：Zumbuehl, Maria; Dohmen, Thomas; Pfann, Gerard
作者单位：Maastricht University; IZA Institute Labor Economics; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Leibniz Association; Ifo Institut; CPB Netherlands Bureau for Economic Policy; University of Bonn; Centre for Economic Policy Research - UK
摘要：We empirically investigate the link between parental involvement and shaping of the economic preferences, attitudes and personality traits of their children. We exploit information on the risk and trust attitudes, the Big Five personality traits and locus of control of parents and their children, as well as rich information about parental efforts in the upbringing of their children from the German Socio-Economic Panel Study (SOEP). Our results show that parents who are more involved in the upb...
