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作者：Molina, Teresa
作者单位：University of Hawaii System; University of Hawaii Manoa
摘要：This paper explores how labor market conditions drive gender differences in the human capital decisions of men and women. Specifically, I investigate how male and female schooling decisions respond to an exogenous change in cognitive ability. Using data from Mexico, I begin by documenting that in utero exposure to thermal inversions, which exacerbate air pollution, leads to lower cognitive ability in adulthood for both men and women. I then explore how male and female schooling decisions respo...
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作者：Garbinti, Bertrand; Goupille-Lebret, Jonathan; Piketty, Thomas
作者单位：European Central Bank; Bank of France; Institut Polytechnique de Paris; ENSAE Paris; Ecole Normale Superieure de Lyon (ENS de LYON); Centre National de la Recherche Scientifique (CNRS); Paris School of Economics
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作者：Malmendier, Ulrike
作者单位：University of California System; University of California Berkeley
摘要：Personal experiences of economic outcomes, from global financial crises to individual-level job losses, can shape individual beliefs, risk attitudes, and choices for years to come. A growing literature on experience effects shows that individuals act as if past outcomes that they experienced were overly likely to occur again, even if they are fully informed about the actual likelihood. This reaction to past experiences is long-lasting though it decays over time as individuals accumulate new ex...
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作者：Berlingieri, Giuseppe; Pisch, Frank; Steinwender, Claudia
作者单位：ESSEC Business School; University of St Gallen
摘要：We study how the technological importance of inputs-measured by cost shares-is related to the decision to make or buy that input. Using detailed French international trade data and an instrumental variable approach based on self-constructed input-output tables, we show that multinationals vertically integrate technologically important inputs. A stylized incomplete contracting model with both ex-ante and ex-post inefficiencies explains why: Technologically more important inputs are made when tr...
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作者：Amberg, Niklas; Jacobson, Tor; von Schedvin, Erik
作者单位：Sveriges Riksbank; Stockholm School of Economics
摘要：We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade credit. Using a comprehensive panel data set on product-level transaction prices and firm characteristics, we relate trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices increase significantly more on products sold by firms issuing more trade credit, in response to higher opportunity costs of liquidity and counter...
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作者：Dillon, Andrew; Friedman, Jed; Serneels, Pieter
作者单位：Northwestern University; The World Bank; University of East Anglia
摘要：Agricultural and other physically demanding sectors are important sources of growth in developing countries, but prevalent diseases such as malaria can adversely impact the productivity and labor supply of workers. We estimate the impact of malaria infection on worker earnings, labor supply, daily productivity, and task selection by using a phased-in design where we randomize the study week in which piece-rate workers at a large sugarcane plantation in Nigeria are offered malaria testing and t...
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作者：Hidir, Sinem; Vellodi, Nikhil
作者单位：University of Warwick; Princeton University; Paris School of Economics
摘要：We study a bilateral trade setting in which a buyer has private valuations over a multi-product seller's inventory. We introduce the notion of an incentive-compatible market segmentation (IC-MS)-a market segmentation compatible with the buyer's incentives to voluntarily reveal their preferences. Our main result is a characterization of the buyer-optimal IC-MS. It is partially revealing, comprised primarily of pooling segments wide enough to keep prices low but narrow enough to ensure trade ove...
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作者：Strack, Philipp; Viefers, Paul
作者单位：Yale University
摘要：Regret and its anticipation affect a wide range of decisions. Job-seekers reject offers while waiting for an offer to match their best past offer; investors hold on to badly performing stocks; and managers throw good money after bad projects. We analyze behavior of a decision maker with regret preferences in a dynamic context and show that regret agents have a disposition to gamble until they receive a payoff matching the best past offer. Results from a lab experiment confirm that many subject...
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作者：Saporta-Eksten, Itay; Shurtz, Ity; Weisburd, Sarit
作者单位：Tel Aviv University; Ben-Gurion University of the Negev
摘要：We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted payments from husbands to their (nonworking) wives, thereby substantially reducing the implied tax on the husband's employment while keeping overall household wealth constant. Using administrative social security data, we estimate extensive-margin labor s...
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作者：Ujhelyi, Gergely; Chatterjee, Somdeep; Szabo, Andrea
作者单位：University of Houston System; University of Houston; Indian Institute of Management (IIM System); Indian Institute of Management Lucknow
摘要：Who are protest voters and do they affect elections? We study this question using the introduction of a pure protest option (None Of The Above (NOTA)) on Indian ballots. Using structural estimation, we find that in elections without NOTA, most protest voters simply abstain. Protest voters who turn out scatter their votes among many candidates and consequently have little impact on election results. From a policy perspective, NOTA may be an effective tool to increase political participation, an...
