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作者：Boskovic, Branko; Kapoor, Sacha; Markiewicz, Agnieszka; Scholnick, Barry
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute; University of Alberta; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：Add ons are features or services that can enhance the functionality or quality of base goods. They are pervasive. Yet we know little about the behavior of add-on prices over the business cycle. We use 10 years of data from a nationwide Canadian retailer to investigate the local cyclicality of extended warranty prices, a classic add on. We find base prices are acyclical. Warranty prices are procyclical because local stores use warranties to make demand for durable goods less price-elastic. We s...
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作者：Janeba, Eckhard; Schulz, Karl
作者单位：University of Mannheim; University of St Gallen
摘要：We study the impact of unilateral economic disintegration, such as Brexit, on national and international policies. We introduce firm mobility and business-tax policies into a general-equilibrium trade model and analyze the effects of disintegration on tax policies of asymmetric countries. Although the disintegrating country taxes less, business taxes converge in the remaining economic area. We highlight important differences with existing two-country models. Moreover, we predict a realignment ...
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作者：Lee, Siha
作者单位：Hankuk University Foreign Studies; Hankuk University Foreign Studies
摘要：This article evaluates the insurance value of the Social Security Disability Insurance (SSDI) program among married households when wives face a trade-off between market hours and spousal care following their husbands' disability. Event study analyses show that wives' labor supply responses to their husbands' disability are small, and instead, a considerable amount of time is spent in spousal care. Using a dynamic structural model, I find that incorporating time loss due to spousal care increa...
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作者：Liang, Wenquan; Song, Ran; Timmins, Christopher
作者单位：Jinan University; National University of Singapore; University of Wisconsin System; University of Wisconsin Madison; National Bureau of Economic Research
摘要：Using an equilibrium sorting model and microdata from China, we evaluate the impacts of dual constraints on mobility and housing supply on workers' sorting behavior, quantifying the welfare and distributional consequences. Counterfactual simulations show that lowering migration costs associated with institutional restrictions and migrant-specific amenities would increase welfare and reduce inequality by moving workers from inland to coastal regions in China. These impacts depend on the housing...
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作者：Guner, Nezih; Kaya, Ezgi; Sanchez-Marcos, Virginia
作者单位：Cardiff University; Universidad de Cantabria
摘要：Some high-income countries have total fertility rates as low as one child. Using Spanish administrative data, we document that temporary contracts correlate with lower first birth rates. Also, women with children are less likely to work split-shift jobs with long breaks in the middle of the day. We build a life-cycle model where women decide on labor supply and fertility. We show that reforms eliminating duality or split-shift jobs raise women's labor participation, narrow the employment gap b...
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作者：Miescu, Mirela S.; Mumtaz, Haroon
作者单位：Lancaster University; University of London; Queen Mary University London
摘要：Are corporate earnings (CE) announcements important for economic activity? We address this question using a novel identification method that combines the valuable information from CE announcements with the heteroscedasticity of shocks experienced on these particular days. Our results demonstrate that CE announcements have a significant impact on the macroeconomy, exhibiting dynamics similar to traditional financial disruptions. We establish that CE announcements' shocks can be classified as fi...
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作者：Palma, Nuno; Silva, Andre C.
作者单位：University of Manchester; Universidade de Lisboa; Institute of Social Sciences, University of Lisbon (ICS-UL); Centre for Economic Policy Research - UK; Universidade Nova de Lisboa
摘要：We study the effect of the discovery of precious metals in America from 1500 to 1810 on international trade. Around 1500, there was a simultaneous discovery of precious metals and new trading routes. We construct a counterfactual of new routes but no precious metals. The discovery of precious metals increased the stock of precious metals more than 10-fold. We show that Euro-Asian trade at its peak increased up to 20 times compared with the counterfactual. Our simulations match the observed pri...
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作者：Donni, Olivier; El Badaoui, Eliane
作者单位：CY Cergy Paris Universite; CY Cergy Paris Universite
摘要：This article studies labor supply in the extended household (composed of two families living together). The extended household structure affects the incentives to work of household members for at least three reasons: economies of scale, cash transfers between the families living in the extended household, and easier childcare arrangements. We develop a structural model incorporating these components and taking into account the self-selection process into extended households. We then estimate t...
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作者：Gong, Grace Xun; Wright, Randall
作者单位：Zhejiang University
摘要：We study endogenous intermediation activity, the implied transaction pattern-direct trade, indirect trade, or both-and implications for efficiency. Related papers have agents exchanging indivisible goods or assets, capturing only extensive margins (trade frequency). To capture intensive margins, we incorporate divisibility representing quantity or quality. We characterize equilibrium, show how it depends on bargaining powers and costs, and how intensive margins matter-for example, middlemen wi...
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作者：Mei, Yuan
作者单位：Singapore Management University; Singapore Management University
摘要：I develop a general equilibrium framework to analyze the welfare consequences of product regulations and their international harmonization. In my model, raising product standards reduces a negative consumption externality, but also increases the marginal and fixed costs of production. When product standards are set noncooperatively, the effects of standards on other countries' wages and number of firms are not internalized, giving rise to an international inefficiency. The World Trade Organiza...
