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作者：Cortes, Guido Matias; Gallipoli, Giovanni
作者单位：University of Manchester; University of British Columbia
摘要：We estimate the costs of occupational mobility and quantify the relative importance of differences in task content as a component of total mobility costs. We use a novel approach based on a model of occupational choice that delivers a gravity equation linking worker flows to occupation characteristics and transition costs. Using data from the Current Population Survey and the Dictionary of Occupational Titles we find that task-specific costs account for no more than 15% of the total transition...
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作者：Aldashev, Gani; Jaimovich, Esteban; Verdier, Thierry
作者单位：Universite Libre de Bruxelles; University of Surrey; Paris School of Economics; Institut Polytechnique de Paris; Ecole des Ponts ParisTech; Pontificia Universidade Catolica do Rio de Janeiro
摘要：We build an occupational-choice general-equilibrium model with for-profit firms, nonprofit organizations, and endogenous private warm-glow donations. Lack of monitoring on the use of funds implies that an increase of funds of the nonprofit sector (because of a higher income in the for-profit sector, a stronger preference for giving, or an inflow of foreign aid) worsens the motivational composition and performance of the nonprofit sector. We also analyze the conditions under which donors (throu...
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作者：Bentolila, Samuel; Jansen, Marcel; Jimenez, Gabriel
作者单位：Autonomous University of Madrid; Banco de Espana
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作者：Feve, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite de Toulouse; Universite Toulouse 1 Capitole; European Central Bank; Bank of France
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作者：Levine, David I.; Beltramo, Theresa; Blalock, Garrick; Cotterman, Carolyn; Simons, Andrew M.
作者单位：University of California System; University of California Berkeley; Cornell University; University of California System; University of California Berkeley; Fordham University
摘要：Many consumers do not adopt products with health and wellbeing benefits apparently far greater than their costs. A sales offer combining a free trial, time payments, and the option of returning the product can overcome barriers such as liquidity constraints and poor information about benefits and usability. We tested this sales offer (and alternatives) in an experiment with a fuel-efficient charcoal stove in urban Uganda and a fuel-efficient wood stove in rural Uganda. Consistent with the impo...
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作者：Cicala, Steve; Fryer, Roland G.; Spenkuch, Jorg L.
作者单位：University of Chicago; Harvard University; Northwestern University
摘要：We propose a theory of social interactions based on self-selection and comparative advantage. In our model, students choose peer groups based on their comparative advantage within a social environment. The effect of moving a student into a different environment with higher-achieving peers depends on where in the ability distribution she falls and the shadow prices that clear the social market. We show that the model's key prediction-an individual's ordinal rank predicts her behavior and test s...
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作者：Bentolila, Samuel; Jansen, Marcel; Jimenez, Gabriel
作者单位：Autonomous University of Madrid; Banco de Espana
摘要：We study whether the solvency problems of Spain's weakest banks in the Great Recession have caused employment losses outside the financial sector. Our analysis focuses on the set of banks that were bailed out by the Spanish authorities. Data from the credit register of the Bank of Spain indicate that these banks curtailed lending well in advance of their bailout. We show the existence of a credit supply shock, controlling for unobserved heterogeneity through firm fixed effects, and assess its ...
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作者：Alvarez, Fernando; Lippi, Francesco; Paciello, Luigi
作者单位：University of Chicago; University of Sassari
摘要：We study economies where price stickiness arises due to the simultaneous presence of both menu and information costs. We identify the relative importance of these costs using firm's survey data and analyze the response of prices and output following a permanent unexpected monetary shock. For a given frequency of price adjustment, we find that the information friction significantly amplifies the real effect of the shock when the shock is small, or when it is not known by firms. Instead, when th...
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作者：Gumpert, Anna
作者单位：University of Munich
摘要：This paper studies the organization of knowledge in multinational firms. In the theory, knowledge is a costly input for firms that they can acquire at their headquarters or their production plants. Communication costs impede the access of the plants to headquarter knowledge. The model shows that multinational firms systematically acquire more knowledge at both their foreign and domestic plants than non-multinationals if their foreign plants face higher communication costs with headquarters tha...
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作者：Gelain, Paolo; Lansing, Kevin J.; Natvik, Gisle James
作者单位：European Central Bank; Norges Bank; Federal Reserve System - USA; Federal Reserve Bank - San Francisco; BI Norwegian Business School
摘要：How should a central bank act to stabilize the ratio of debt over gross domestic product (GDP)? We show how the persistent nature of household debt shapes the answer to this question. In environments where households repay mortgages gradually, surprise interest hikes only weakly influence household debt, and tend to increase debt-to-GDP in the short run while reducing it in the medium run. Interest rate rules with a positive weight on debt-to-GDP cause indeterminacy. Compared to inflation targ...
