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作者：Dercon, Stefan; Porter, Catherine
作者单位：University of Oxford; Heriot Watt University
摘要：In 1984, the world was shocked at the scale of a famine in Ethiopia that caused over half a million deaths, making it one of the worst in recent history. The mortality impacts are clearly significant. But what of the survivors? This paper provides the first estimates of the long-term impact of the famine 20 years later, on the height of young adults aged 19-22 years who experienced this severe shock as infants during the crisis. An innovative feature of the analysis is that famine intensity is...
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作者：Schwartzstein, Joshua
作者单位：Dartmouth College
摘要：What do we notice and how does this affect what we learn and come to believe? I present a model of an agent who learns to make forecasts on the basis of readily available information, but is selective as to which information he attends to: he chooses whether to attend as a function of current beliefs about whether such information is predictive. If the agent does not attend to some piece of information, it cannot be recalled at a later date. He uses Bayes' rule to update his beliefs given atte...
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作者：Abramitzky, Ran; Sin, Isabelle
作者单位：Stanford University
摘要：We use book translations as a new measure of international idea flows and study the effects of Communism's collapse in Eastern Europe on these flows. Using novel data on 800,000 translations and difference-in-differences approaches, we show that while translations between Communist languages decreased by two thirds with the collapse, Western-to-Communist translations increased by a factor of 4 and quickly converged to Western levels. Convergence was more pronounced in the fields of applied and...
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作者：Kalemli-Ozcan, Sebnem; Sorensen, Bent; Volosovych, Vadym
作者单位：University System of Maryland; University of Maryland College Park; University of Houston System; University of Houston; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：We investigate the relationship between foreign direct ownership of firms and firm- and region-level output volatility using a novel panel data set for European countries. We document a positive, highly robust, relationship between firm-level foreign ownership and volatility of value added. This relationship holds cross-sectionally and in panels with firm fixed effects where the relationship captures within-firm variation over time. Considering domestic firms with assets in foreign countries, ...
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作者：van den Berg, Gerard J.; Lundborg, Petter; Nystedt, Paul; Rooth, Dan-Olof
作者单位：University of Mannheim; Lund University; Jonkoping University; Linnaeus University
摘要：We identify the ages that constitute sensitive (or critical) periods in children's development towards their adult health status, skills, and human capital. For this, we use data on families migrating into Sweden from countries that are poorer, with less healthy conditions. Late-life health is proxied by adult height and other adult outcomes. The relation between siblings' ages at migration and their adult outcomes allows us to estimate the causal effect of conditions at specific childhood age...
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作者：Nocke, Volker; Thanassoulis, John
作者单位：University of Mannheim; University of Warwick
摘要：We model the impact that credit constraints and market risk have on the vertical relationships between firms in the supply chain. Firms which might face credit constraints in future investments become endogenously risk averse when accumulating pledgable assets. In the short run, the optimal supply contract involves risk sharing, so inducing double marginalization. Credit constraints thus result in higher retail prices, and this is true whether the firm is debt or equity funded. Further, we off...
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作者：Duernecker, Georg
作者单位：University of Mannheim
摘要：Starting in the late 1970s, European unemployment began to increase while US unemployment remained constant. At the same time, capital-embodied technical change began to accelerate, and the United States adopted the new capital much faster than Europe. I argue that these two facts are related. The main idea is that if there is capital-embodied technical change, then the unemployment rate depends critically on how obsolete the installed capital stock is compared to the frontier. In particular, ...
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作者：Gneezy, U.; Rey-Biel, P.
作者单位：University of Amsterdam
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作者：Folke, Olle
作者单位：Columbia University; Research Institute of Industrial Economics (IFN)
摘要：In proportional representation (PR) systems, political power is typically shared across several political parties. Many parties are small and focused on specific policies, such as environmental policy and immigration. Do these small parties matter for policy? I provide the first systematic evidence for this by developing the first regression discontinuity design tailored specifically for PR systems. With this method, which can be applied in all countries with PR systems, I estimate the causal ...
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作者：Weber, Andrea; Zulehner, Christine
作者单位：University of Mannheim; Johannes Kepler University Linz
摘要：Abstract According to Becker's famous theory on discrimination (Gary Becker, , The Economics of Discrimination, University of Chicago Press), entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for this prediction by studying the survival of start-up firms in longitudinal matched employer-employee data. We find that firms...
