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作者：Picchio, Matteo; Suetens, Sigrid; van Ours, Jan C.
作者单位：Marche Polytechnic University; IZA Institute Labor Economics; Tilburg University; Center for Economic & Policy Research (CEPR); Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Melbourne; Tinbergen Institute
摘要：Our article investigates how winning a substantial lottery prize affects labour supply. Analysing data from Dutch State Lottery winners, we find that winning a lottery prize reduces labour earnings in the year of the winning, as well as in the years after the winning. This suggests that winning a lottery prize makes one work fewer hours. The effects are small but statistically significant. We do not find a significant effect of lottery prizes on the probability of being employed.
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作者：Jessoe, Katrina; Manning, Dale T.; Taylor, J. Edward
作者单位：University of California System; University of California Davis; Colorado State University System; Colorado State University Fort Collins
摘要：This article evaluates the effects of annual fluctuations in weather on employment in rural Mexico to gain insight into the potential labour market implications of climate change. Using a 28-year panel on individual employment, we find that years with a high occurrence of heat lead to a reduction in local employment, particularly for wage work and non-farm labour. Extreme heat also increases migration domestically from rural to urban areas and internationally to the US. A medium emissions scen...
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作者：Piffer, Michele; Podstawski, Maximilian
作者单位：Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Free University of Berlin
摘要：We propose an instrument to identify uncertainty shocks in a proxy structural vector autoregressive model (SVAR). The instrument equals the variations in the price of gold around events associated with unexpected changes in uncertainty. These variations correlate with uncertainty shocks because gold is perceived as a safe haven asset. To control for news-related effects associated with the events we identify uncertainty and news shocks jointly, developing a set-identified proxy SVAR. We find t...
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作者：Repetto, Luca
作者单位：Uppsala University
摘要：I exploit a reform that required Italian municipalities to disclose their balance sheets before elections to study whether having more informed voters affects the political budget cycle. Municipal investment in the year before elections is 28.5% higher than in electoral years, and the reform reduced this pre-electoral spending increase by one third. I then study the role of local newspapers in disseminating municipal financial information to voters and find that the effect of the reform is twi...
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作者：Angelucci, Manuela; De Giorgi, Giacomo; Rasul, Imran
作者单位：University of Michigan System; University of Michigan; ICREA; Barcelona School of Economics; Autonomous University of Barcelona; University of London; University College London
摘要：This article examines a novel motive for resource pooling in family networks in rural economies: to relax credit constraints and facilitate investment in non-collateraliseable assets for which credit market imperfections are most binding. We thus complement established literatures examining risk-sharing motives for resource transfers within family networks, as well as motives based on kinship tax obligations. We do so exploiting the Progresa programme data, in which family networks can be iden...
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作者：Guimaraes, Bernardo; Machado, Caio
作者单位：Getulio Vargas Foundation; Pontificia Universidad Catolica de Chile
摘要：This article studies stimulus policies in a simple macroeconomic model featuring a dynamic coordination problem that arises from demand externalities and fixed costs of investment. In times of low economic activity, firms face low demand and hence have lower incentives for investing, which reinforces their low-demand expectations. In a benchmark case with no shocks, the economy might get trapped in a low-output regime and a social planner would be particularly keen to incentivise investment at...
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作者：Harris, Matthew C.; Kohn, Jennifer L.
作者单位：University of Tennessee System; University of Tennessee Knoxville; Drew University
摘要：We propose that health in prior periods, termed reference health, is theoretically and empirically relevant to the demand for medical care. To address non-normality in the distributions of medical care spending, consumption, and health, we use a conditional density estimator nested in a finite mixture framework. We find that reference health can help explain the variation in spending among individuals with the same contemporaneous health, particularly in the top tail of the spending distributi...
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作者：Bhalotra, Sonia; Clots-Figueras, Irma; Iyer, Lakshmi
作者单位：University of Essex; Universidad Carlos III de Madrid; University of Notre Dame
摘要：We investigate whether the event of women being competitively elected as state legislators encourages subsequent political participation among women. Using a regression discontinuity design on Indian constituency level data, we find that female incumbents are more likely than male incumbents to re-contest and that there is a decline in the entry of new women candidates. This decline is most pronounced in states with entrenched gender bias and in male-headed parties, suggesting an intensificati...
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作者：Frederiksen, Anders; Kato, Takao
作者单位：Copenhagen Business School; IZA Institute Labor Economics; Colgate University; Columbia University; Rutgers University System; Rutgers University New Brunswick
摘要：Using Danish registry data covering the population of Danish workers, we provide new and robust evidence with external validity on the importance of the breadth of human capital for top management appointments, and support/enrich the human capital theory of corporate leadership by Gibbons and Waldman and Lazear. Our analysis allows for both internal promotion and external recruitment as means to achieve top management appointments, and yields additional findings: the breath of human capital is...
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作者：Affeldt, Pauline; Filistrucchi, Lapo; Klein, Tobias J.
作者单位：Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Technical University of Berlin; Tilburg University; University of Florence
