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作者:Bai, Ying; Kung, James Kai-sing
作者单位:Hong Kong University of Science & Technology
摘要:We provide an account of how Protestantism promoted economic prosperity in Chinaa country in which Protestant missionaries penetrated far and wide during 1840-1920, but only a tiny fraction of the population had converted to Christianity. By exploiting the spatial variation in the missionaries' retreat due to the Boxer Uprising to identify the diffusion of Protestantism, we find that the conversion of an additional communicant per 10,000 people increases the overall urbanization rate by 18.8% ...
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作者:Einav, Liran; Levin, Jonathan
作者单位:Stanford University
摘要:Rising healthcare costs have sparked debate about the best way to provide high-quality affordable health insurance. We discuss the potential for regulated insurancemarkets to outperform single-payer public insurance. We use as an example the private Medicare plans that now provide insurance to almost a third of seniors in the United States. The evidence suggests that private plans can limit costs and potentially appeal to enrollees, and that well-designed risk adjustment can mitigate market fa...
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作者:Coviello, Decio; Ichino, Andrea; Persico, Nicola
作者单位:Universite de Montreal; HEC Montreal; European University Institute; University of Bologna; Northwestern University
摘要:Much work is carried out in short, interrupted segments. This phenomenon, which we label task juggling, has been overlooked by economists. We study the work schedules of some judges in Italy documenting that they do juggle tasks and that juggling causally lowers their productivity substantially. To measure the size of this effect, we show that although all these judges receive the same workload, those who juggle more trials at once instead of working sequentially on few of them at each unit of...
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作者:Vieider, Ferdinand M.; Lefebvre, Mathieu; Bouchouicha, Ranoua; Chmura, Thorsten; Hakimov, Rustamdjan; Krawczyk, Michal; Martinsson, Peter
作者单位:Institut Agro; Montpellier SupAgro; Centre National de la Recherche Scientifique (CNRS); Universite de Montpellier; University of Reading; University of Nottingham; University of Warsaw; University of Gothenburg
摘要:Attitudes towards risk and uncertainty have been indicated to be highly context-dependent, and to be sensitive to the measurement technique employed. We present data collected in controlled experiments with 2,939 subjects in 30 countries measuring risk and uncertainty attitudes through incentivized measures as well as survey questions. Our data show clearly that measures correlate not only within decision contexts or measurement methods, but also across contexts and methods. This points to the...
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作者:Choi, Syngjoo; Lee, Jihong
作者单位:University of London; University College London; Seoul National University (SNU)
摘要:We study experimentally the role of the network structure of pre-play communication in determination of outcome and behavior in a multiplayer coordination game with conflicting preferences. We explore the trade-off between the efficiency and equity of coordination outcomes and its link to the network structure of communication. Our results show substantial variations in both efficiency and equity of coordination outcomes across networks. While, as expected, increasing the length of communicati...
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作者:Erceg, Christopher; Linde, Jesper
作者单位:Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要:In this paper, we use a dynamic stochastic general equilibrium model to examine the effects of an expansion in government spending in a liquidity trap. If the liquidity trap is very prolonged, the spending multiplier can be much larger than in normal circumstances, and the budgetary costs minimal. However, given this fiscal free lunch, it is unclear why policymakers would want to limit the size of fiscal expansion. Our paper addresses this question in a model environment in which the duration ...
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作者:Cohn, Alain; Fehr, Ernst; Herrmann, Benedikt; Schneider, Frederic
作者单位:University of Zurich; University of Nottingham
摘要:Social comparison has potentially far reaching consequences in many economic domains. We conducted a field experiment to examine how social comparison affects workers' effort provision if their own wage or that of a co-worker is cut. Workers were assigned to groups of two, performed identical individual tasks, and received the same performance-independent hourly wage. Cutting both group members' wages caused a decrease in performance. But when only one group member's wage was cut, the affected...
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作者:Warren, Patrick L.; Wood, Daniel H.
作者单位:Clemson University
摘要:In a model of a competitive industry selling base goods and add-ons, we investigate the conditions under which citizen-consumers will support policies that eliminate behavioral inefficiencies induced by naive consumers. Unregulated competitive markets have two effects: they produce deadweight losses, and they redistribute income away from biased consumers. Both unbiased and naive consumers believe that they benefit from this redistribution (the naive consumers are wrong), so support for effici...
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作者:Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Scur, Daniela; Van Reenen, John
作者单位:Stanford University; University of Cambridge; Harvard University; University of Oxford; University of London; London School Economics & Political Science
摘要:Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent total factor productivity (TFP) differences across firms and countries. This review paper discusses what has been learned empirically and theoretically from the WMS and other recent work on management practices. Our preliminary results suggest that about a quarter of cross-country and ...
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作者:Netzer, Nick; Schmutzler, Armin
作者单位:University of Zurich
摘要:This paper explores the limitations of intention-based social preferences as an explanation of gift-exchange between a firm and a worker. In a framework with one self-interested and one reciprocal player, gift-giving never arises in equilibrium. Instead, any equilibrium in a large class of multistage games must involve mutually unkind behavior of both players. Besides gift-exchange, this class of games also includes moral hazard models and the rotten kid framework. Even though equilibrium beha...