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作者：Bosker, Maarten; Garretsen, Harry; Marlet, Gerard; van Woerkens, Clemens
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Tinbergen Institute; University of Groningen; University of Cambridge
摘要：This paper provides evidence on the price and perception of rare natural disasters. We exploit a unique, spatially extremely detailed, dataset on predicted flood water levels in the Netherlands. This dataset, in combination with information on the universe of home sales over the period 1999-2011, allows us to identify people's willingness to pay to avoid flood risk using a border discontinuity design. We find that house prices are on average 1% lower in places that are at risk of flooding. Thi...
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作者：Anwar, Shamena; Bayer, Patrick; Hjalmarsson, Randi
作者单位：RAND Corporation; Duke University; University of Gothenburg; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要：This paper uses data from the Gothenburg District Court in Sweden and a research design that exploits the random assignment of politically appointed jurors (termed namndeman) to make three contributions to the literature on jury decision-making: (i) an assessment of whether systematic biases exist in the Swedish namndeman system, (ii) causal evidence on the impact of juror political party on verdicts, and (iii) an empirical examination of the role of peer effects in jury decision-making. The r...
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作者：Kamhoefer, Daniel A.; Schmitz, Hendrik; Westphal, Matthias
作者单位：University of Paderborn; University of Duisburg Essen; Leibniz Association; RWI - Leibniz Institut fur Wirtschaftsforschung
摘要：In this paper we estimate the effects of college education on cognitive abilities, health, and wages, exploiting exogenous variation in college availability. By means of semiparametric local instrumental variables techniques we estimate marginal treatment effects in an environment of essential heterogeneity. The results suggest positive average effects on cognitive abilities, wages, and physical health. Yet, there is heterogeneity in the effects, which points toward selection into gains. Altho...
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作者：Anderson, Siwan; Ray, Debraj
作者单位：Canadian Institute for Advanced Research (CIFAR); New York University; University of Warwick
摘要：That unmarried individuals die at a faster rate than married individuals at all ages is well documented. Unmarried women in developing countries face particularly severe vulnerabilities, so that excess mortality faced by the unmarried is more extreme for women in these regions compared to developed countries. We provide systematic estimates of the excess female mortality faced by older unmarried women in developing regions. We place these estimates in the context of the missing women phenomeno...
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作者：Andrade, Philippe; Cahn, Christophe; Fraisse, Henri; Mesonnier, Jean-Stephane
作者单位：European Central Bank; Bank of France
摘要：We exploit the Eurosystem's longer-term refinancing operations (LTROs) of 2011-2012 to assess whether a large provision of central bank liquidity to banks during a financial crisis has a positive impact on banks' credit supply to firms. We control for credit demand by examining firms that borrow from several banks, in addition to controlling for confounding factors at the level of banks. We find that the LTROs enhanced loan supply: according to our baseline estimate, banks borrowing 1 billion ...
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作者：Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel
作者单位：University of Lausanne; University of Zurich; Johannes Gutenberg University of Mainz
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作者：Michalopoulos, Stelios; Putterman, Louis; Weil, David N.
作者单位：Brown University
摘要：Does a person's historical lineage influence his or her current economic status? Motivated by a large literature in the social sciences stressing the effect of an early transition to agriculture on current economic performance at the country level, we examine the relative contemporary status of individuals as a function of how much their ancestors relied on agriculture during the preindustrial era. We focus on Africa, where-by combining anthropological records of groups with individuallevel su...
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作者：Minetti, Raoul; Murro, Pierluigi; Rotondi, Zeno; Zhu, Susan Chun
作者单位：Michigan State University; Universita LUMSA; UniCredit Group
摘要：Using a unique sample of small and medium-sized Italian firms, we investigate the effect of financial constraints on firms' participation in domestic and international supply chains. We find that firms more exposed to bank credit rationing and with weaker relationships with banks are more likely to participate in supply chains to overcome liquidity shortages. This benefit of supply chains is especially strong when firms establish long-term trading relationships and when they forge ties with la...
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作者：Jung, Philip; Kuhn, Moritz
作者单位：Dortmund University of Technology; University of Bonn
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作者：Bindler, Anna; Hjalmarsson, Randi
作者单位：University of Gothenburg
摘要：A large behavioral economics literature is concerned with cognitive biases in individual and group decisions, including sequential decisions. These studies often find a negative path-dependency consistent with mechanisms such as the gambler's fallacy or contrast effects. We provide the first test for such biases in group decision making using observational data. Specifically, we study more than 27,000 verdicts adjudicated sequentially by over 900 juries for high-stake criminal cases at London'...
