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作者：Saiz, Albert; Simonsohn, Uri
作者单位：Massachusetts Institute of Technology (MIT); University of Pennsylvania
摘要：The internet contains billions of documents. We show that document frequencies in large decentralized textual databases can capture the cross-sectional variation in the occurrence frequencies of social phenomena. We characterize the econometric conditions under which such proxying is likely. We also propose using recently-introduced internet search volume indexes as proxies for fundamental locational traits, and discuss their advantages and limitations. We then successfully proxy for a number ...
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作者：Bommier, Antoine
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：An axiomatic construction for life-cycle preferences accounting for the finiteness and the randomness of life duration is provided. We emphasize the role of intertemporal correlation aversion and explain why multiplicative preferences provide an interesting alternative to additive preferences, allowing risk aversion and intertemporal elasticity of substitution to be separated. Implications regarding the shape of the optimal consumption profiles are discussed.
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作者：Segal, Carmit
作者单位：University of Zurich
摘要：Using data on young men from the National Education Longitudinal Survey, this paper investigates the relationship between childhood misbehavior and later education and labor market outcomes. The main finding is that eighth-grade misbehavior is important for earnings over and above eighth-grade test scores. Moreover, controlling for educational attainment, childhood misbehavior is associated with earnings at all educational levels, whereas achievement test scores are related to earnings only fo...
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作者：Bowlus, Audra J.; Robin, Jean-Marc
作者单位：Western University (University of Western Ontario); Institut d'Etudes Politiques Paris (Sciences Po); University of London; University College London
摘要：We compare earnings inequality and mobility across the United States, Canada, France, Germany and the United Kingdom during the late 1990s. A flexible model of earnings dynamics that isolates positional mobility within a stable earnings distribution is estimated. Earnings trajectories are then simulated, and lifetime annuity value distributions are constructed. Earnings mobility and employment risk are found to be positively correlated with base-year inequality. Taken together they produce mor...
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作者：Krueger, Alan B.; Mueller, Andreas I.
作者单位：Princeton University; Columbia University
摘要：This paper provides new evidence on the time use of employed and unemployed individuals in 14 countries. We devote particular attention to characterizing and modeling job search intensity, measured by the amount of time devoted to searching for a new job. Job search intensity varies considerably across countries, and is higher in countries that have higher wage dispersion. We also examine the relationship between unemployment benefits and job search.
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作者：Chamley, Christophe
作者单位：Boston University; Paris School of Economics
摘要：After 2008, the US personal saving rate had its strongest postwar jump, from 2% to 5%, and the investment ratio its sharpest fall from its postwar average of 16% to its lowest level of 12%. The coordination of saving and investment is analyzed here in a theoretical model of general equilibrium with rational expectations and no forward market. Shocks affect preferences for future consumption. A paradox of thrift is proven that formalizes an argument in the General Theory of Keynes but the equil...
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作者：Hopkins, Ed
作者单位：University of Edinburgh
摘要：This paper considers a matching model of the labor market where workers, who have private information on their quality, signal to firms that also differ in quality. Signals allow assortative matching in which the highest-quality workers send the highest signals and are hired by the best firms. Matching is considered both when wages are rigid (nontransferable utility) and when they are fully flexible (transferable utility). In both cases, equilibrium strategies and payoffs depend on the distrib...
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作者：Manzini, Paola; Mariotti, Marco
作者单位：University of St Andrews
摘要：We propose a boundedly rational model of choice where agents categorize alternatives before choosing. The model explains some behavioral anomalies, and it is fully characterized by a property of choice data: a categorizer can never exhibit certain patterns of revealed preference reversals. This model offers clues on the problem of making welfare judgements in the presence of boundedly rational agents.
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作者：Carpenter, Jeffrey P.; Matthews, Peter Hans
作者单位：Middlebury College
摘要：The enforcement of social norms often requires that unaffected third parties sanction offenders. Given the renewed interest of economists in norms, the literature on third-party punishment is surprisingly thin. In this paper, we report the results of an experiment designed to replicate the anger-based punishment of directly affected second parties and evaluate two distinct explanations for third-party punishment: indignation and group reciprocity. We find evidence in favor of both, with the ca...
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作者：Durante, Ruben; Knight, Brian
作者单位：Institut d'Etudes Politiques Paris (Sciences Po); Brown University
摘要：This paper examines whether and how viewers respond to changes in partisan bias in media news. We use data from Italy, where the main private television network is owned by Silvio Berlusconi, the leader of the center-right coalition, and the public television corporation is largely controlled by the ruling coalition. We first document that after the 2001 national elections, when the control of the government moved from the center-left to the center-right, news content on public television shif...
