-
作者：Agranov, Marina; Elliott, Matt
作者单位：California Institute of Technology; University of Cambridge
摘要：In many matching markets, bargaining determines who matches with whom and on what terms. We experimentally investigate allocative efficiency and how subjects' payoffs depend on their matching opportunities in such markets. We consider three simple markets. There are no information asymmetries, subjects are patient, and a perfectly equitable outcome is both feasible and efficient. Efficient perfect equilibria of the corresponding bargaining game exist, but are increasingly complicated to sustai...
-
作者：Bar-Isaac, Heski; Deb, Joyee
作者单位：University of Toronto; Yale University
摘要：Reputation concerns can discipline agents and generate good outcomes. But what if outcomes are not always observed? Infrequent observation can strengthen reputation incentives and encourage effort. By exerting effort when outcomes are more likely observed, an agent can improve her reputation and gain by coasting on this reputation by shirking when the audience is less likely to be observing her actions. Opportunities to coast can in fact lead to greater overall effort than constant observation...
-
作者：Cohn, Alain; Marechal, Michel Andre; Schneider, Frederic; Weber, Roberto A.
作者单位：University of Michigan System; University of Michigan; University of Zurich; University of Cambridge
摘要：We study whether employment history provides information about a worker's work attitude, that is, the tendency to act cooperatively and reliably in the workplace. We conjecture that, holding all else equal, frequent job changes can indicate poor work attitude and that this information is transmitted through employment histories. We find support for this hypothesis across three studies that employ complementary laboratory, field, and survey experiments, as well as in labor market panel data. Fi...
-
作者：Pande, Rohini; Roy, Helena
作者单位：Yale University; Stanford University
摘要：Alfred Marshall and Mary Paley Marshall are often described as the first academic economist couple. Both studied at the University of Cambridge, where Paley became one of the first women to take the Tripos exam and the first female lecturer in economics, with Marshall's encouragement. But in later life, Marshall opposed granting Cambridge degrees to women and their participation in academic economics. This paper recounts Alfred Marshall's use of gender norms, born out of a separate spheres ide...
-
作者：Cavalcanti, Tiago; Santos, Marcelo
作者单位：University of Cambridge; Getulio Vargas Foundation; Insper
摘要：There is a large body of evidence showing that for many countries the structure of wages and pensions and the labor law legislation are different for public and private employees. Such differences affect the occupational choice of agents and might generate some type of misallocation. We develop a life-cycle model with endogenous occupational choice and heterogeneous agents to study the implications of an overpaid public sector. The model is estimated to be consistent with micro and macro evide...
-
作者：Garbinti, Bertrand; Goupille-Lebret, Jonathan; Piketty, Thomas
作者单位：European Central Bank; Bank of France; Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2; CNRS - Institute for Humanities & Social Sciences (INSHS); Paris School of Economics
摘要：Measuring and understanding the evolution of wealth inequality is a key challenge for researchers, policy makers, and the general public. This paper breaks new ground on this topic by presenting a new method to estimate and study wealth inequality. This method combines fiscal data with household surveys and national accounts in order to provide annual wealth distribution series, with detailed breakdowns by percentiles, age, and assets. Using the case of France as an illustration, we show that ...
-
作者：Nieddu, Marco; Pandolfi, Lorenzo
作者单位：University of Cagliari; University of Naples Federico II
摘要：This paper examines the impact of financial literacy on the individual propensity to invest in financial assets. In a laboratory experiment with a two-by-two design, we study how the certainty equivalent of a risky lottery changes when varying the lottery framing and the participants' financial literacy level. We find that presenting the lottery as a financial asset-whose payoffs need to be computed from a given return rate-rather than as a simple coin toss reduces the average value participan...
-
作者：Cacault, M. Paula; Hildebrand, Christian; Laurent-Lucchetti, Jeremy; Pellizzari, Michele
作者单位：Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; University of St Gallen; University of Geneva
摘要：Using a randomized experiment in a public Swiss university, we study the impact of online live streaming of lectures on student achievement and attendance. We find that (i) attending lectures via live streaming lowers achievement for low-ability students and increases achievement for high-ability ones; (ii) students use the live streaming technology only occasionally, apparently when random events make attending in class too costly, and (iii) offering live streaming reduces in-class attendance...
-
作者：Fischer, Martin; Karlsson, Martin; Nilsson, Therese; Schwarz, Nina
作者单位：Karolinska Institutet; University of Duisburg Essen; Lund University; Research Institute of Industrial Economics (IFN)
摘要：We evaluate the impact on earnings, pensions, and further labor market outcomes of two parallel educational reforms increasing instructional time in Swedish primary school. The reforms extended the annual term length and years of compulsory schooling by comparable amounts. We find striking differences in the effects of the two reforms: at 5% the returns to the term length extension were sizeable and benefited broad ranges of the population. The compulsory schooling extension had small (2%) alb...
-
作者：Le Lec, Fabrice; Tarroux, Benoit
作者单位：Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2; CNRS - Institute for Humanities & Social Sciences (INSHS)
摘要：This paper investigates experimentally how people value choice. Our experiments elicit subjects' valuations of various choice sets (or menus) that differ in size and composition. The comparison of these valuations allows us to assess subjects' preferences between sets and test a number of the theories of preferences over menus proposed in the literature. The results suggest that subjects are choice-averse: the value of a choice set is significantly and robustly lower than that of its preferred...
