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作者：Suesse, Marvin
作者单位：Trinity College Dublin
摘要：This article investigates the effect of prospective secessions on economic integration and growth by examining the break-up of the Soviet Union in the late 1980s and early 1990s. Firstly, I show theoretically how regional elites had an incentive to restrict domestic trade once secession from the Union became possible. Secondly, I show empirically that the increased likelihood of secessions by the Union's member republics strongly cut domestic trade. Thirdly, I show how this explains the severi...
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作者：DeVaro, Jed; Kim, Jin-Hyuk; Vikander, Nick
作者单位：University of Colorado System; University of Colorado Boulder; University of Copenhagen
摘要：CEOs are routinely compensated for aspects of firm performance that are beyond their control. This is puzzling from an agency perspective, which assumes performance pay should be efficient. Working within an agency framework, we provide a rational for this seemingly inefficient feature of CEO compensation by invoking the idea of informal agreements, specifically the theory of relational contracting. We derive observable implications to distinguish relational from formal contracting and, using ...
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作者：Myatt, David P.; Wallace, Chris
作者单位：University of London; London Business School; University of Leicester
摘要：Asymmetric price-setting multi-product suppliers have access to multiple sources of information about demand conditions, where the publicity of each source corresponds to the cross-industry correlation of signals received from it. A signal's influence on suppliers' prices is increasing in its publicity as well as in its precision. The emphasis on relatively public information is stronger for smaller suppliers who control narrower product portfolios. When information is endogenously acquired, s...
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作者：Rasul, Imran; Rogger, Daniel
作者单位：University of London; University College London; The World Bank
摘要：We study how the management practices bureaucrats operate under correlate with the quantity of public services delivered, using data from the Nigerian Civil Service. We have hand-coded independent engineering assessments of 4,700 project completion rates. We supplement this with a management survey in the bureaucracies responsible for these projects, building on Bloom and Van Reenen (). Management practices matter: increasing bureaucrats' autonomy is positively associated with completion rates...
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作者：Artuc, Erhan; Ozden, Caglar
作者单位：The World Bank
摘要：The paths of many migrants include multiple destinations and transit routes, yet this pattern is almost never reflected in empirical analyses. For example, 9% of recent immigrants to the US arrived from a transit country as opposed to the one they were born in. Among those arriving from many OECD countries, transit migration ratio exceeds 30%. To explain these patterns, we construct a dynamic model of global migration that allows transit migration opportunities to impact the attractiveness of ...
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作者：Parsons, Christopher; Vezina, Pierre-Louis
作者单位：University of Western Australia; University of London; King's College London
摘要：We exploit a unique event in human history, the exodus of the Vietnamese Boat People to the US, to provide evidence for the causal pro-trade effect of migrants. This episode represents an ideal natural experiment as the large immigration shock, the first wave of which comprised refugees exogenously allocated across the US, occurred over a 20-year period during which time the US imposed a complete trade embargo on Vietnam. Following the lifting of trade restrictions in 1994, US exports to Vietn...
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作者：Vosters, Kelly
作者单位：University of North Carolina; University of North Carolina Charlotte
摘要：Recent work by Gregory Clark and co-authors uses a new surnames approach to examine intergenerational mobility, finding much higher persistence rates than traditionally estimated. Clark proposes a model of social mobility to explain the diverging estimates, including the crucial but untested hypothesis that traditional estimates of intergenerational persistence are biased downward because they use only one measure (e.g. earnings) of underlying status. I test for evidence of this using an appro...
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作者：Schnepel, Kevin T.
作者单位：University of Sydney; IZA Institute Labor Economics
摘要：I estimate the impact of employment opportunities on recidivism among 1.7million offenders released from a California prison between 1993 and 2008. The institutional structure of the California criminal justice system as well as location, skill, and industry-specific job accession data provide a unique framework for identifying a causal effect of job availability on criminal behaviour. I find that increases in construction and manufacturing opportunities at the time of release are associated w...
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作者：Beach, Brian; Hanlon, W. Walker
作者单位：University of California System; University of California Los Angeles; William & Mary; National Bureau of Economic Research
摘要：Air pollution was severe in the nineteenth century, yet its health consequences are often overlooked due to a lack of pollution data. We offer a new approach for inferring local coal use levels based on local industrial structure and industry-specific coal use intensity. This allows us to provide the first estimates of the mortality effects of British industrial coal use in 1851-60. Exploiting wind patterns for identification, we find that a one standard deviation increase in coal use raised i...
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作者：Afzal, Uzma; d'Adda, Giovanna; Fafchamps, Marcel; Quinn, Simon; Said, Farah
作者单位：Lahore School of Economics; Stanford University; University of Oxford
摘要：We use a field experiment to test whether saving and borrowing satisfy demand for lump-sum accumulation from regular deposits. Inspired by ROSCAs, we offer different credit and saving contracts to subjects. We find that individuals often accept both credit and saving contract across experimental waves. This behaviour can be rationalised by assuming that individuals seek lump-sum payments and struggle to hold savings. Structural estimation of this model accounts for the behaviour of 75% of part...
