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作者：Steinmayr, Andreas
作者单位：University of Innsbruck
摘要：This paper investigates how different forms of exposure to refugees affect voting for Far Right parties. I study the state of Upper Austria where many municipalities hosted asylum seekers and also experienced a massive flow of refugees crossing into Germany in 2015. Exposure to refugees passing through border municipalities increased Far Right votes by about 1.5 percentage points, which suggests that mere exposure can increase Far Right support. Conversely, contact and sustained interactions b...
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作者：Stuart, Bryan A.; Taylor, Evan J.
作者单位：George Washington University; IZA Institute Labor Economics; University of Arizona
摘要：This paper estimates the effect of social connectedness on crime across U.S. cities from 1970 to 2009. Migration networks among African Americans from the South generated variation across destinations in the concentration of migrants from the same birth town. Using this novel source of variation, we find that social connectedness considerably reduces murders, rapes, robberies, assaults, burglaries, and motor vehicle thefts, with a 1 standard deviation increase in social connectedness reducing ...
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作者：Bloom, Nicholas; Manova, Kalina; Van Reenen, John; Sun, Stephen Teng; Yu, Zhihong
作者单位：Stanford University; University of London; University College London; University of London; London School Economics & Political Science; Massachusetts Institute of Technology (MIT); City University of Hong Kong; University of Nottingham
摘要：We study how management practices shape export performance using matched production-trade-management data for Chinese and American firms and a randomized control trial in India. Better-managed firms are more likely to export, sell more products to more destinations, and earn higher export revenues and profits. They export higher-quality products at higher prices and lower quality-adjusted prices. They import a wider range of inputs and inputs of higher quality and price, from more advanced cou...
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作者：Canay, Ivan A.; Santos, Andres; Shaikh, Azeem M.
作者单位：Northwestern University; University of California System; University of California Los Angeles; University of Chicago
摘要：This paper studies the wild bootstrap-based test proposed in Cameron, Gelbach, and Miller (2008). Existing analyses of its properties require that number of clusters is large. In an asymptotic framework in which the number of clusters is small, we provide conditions under which an unstudentized version of the test is valid. These conditions include homogeneity-like restrictions on the distribution of covariates. We further establish that a studentized version of the test may only overreject th...
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作者：Michaillat, Pascal; Saez, Emmanuel
作者单位：Brown University; University of California System; University of California Berkeley
摘要：At the zero lower bound, the New Keynesian model predicts that output and inflation collapse to implausibly low levels and that government spending and forward guidance have implausibly large effects. To resolve these anomalies, we introduce wealth into the utility function; the justification is that wealth is amarker of social status, and people value status. Since people partly save to accrue social status, the Euler equation is modified. As a result, when the marginal utility of wealth is s...
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作者：Russell, Lauren
作者单位：University of Pennsylvania
摘要：Nonprofit colleges and universities have merged across the United States citing economies of scale and scope. Yet whether these mergers raise prices has not been empirically assessed. Using a retrospective merger evaluation approach, I estimate that the average merger between 2000 and 2015 increased tuition and fees by 5% to 7% relative to nonmerging institutions in the same state and sector (public or nonprofit). Effects on net prices are estimated imprecisely, but the results are suggestive ...
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作者：Buggle, Johannes C.; Nafziger, Steven
作者单位：University of Lausanne; Williams College
摘要：This paper examines the long-run economic consequences of Russian serfdom. Employing data on the intensity of labor coercion just prior to emancipation in 1861, we document that a 25 percentage point increase in historical serfdom (1 SD) reduces household expenditure today by up to 17%. We then provide evidence on the persistence of this relationship by studying city populations over the period 1800 to 2002. Exploring mechanisms, our findings suggest that less urban agglomeration and slower in...
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作者：Atkinson, Anthony B.; Lakner, Christoph
作者单位：University of Oxford; University of London; London School Economics & Political Science; University of Oxford; The World Bank
摘要：This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This has contributed to the well-known increase in the top 1% share of total income, exacerbating rising inequality in capital incomes and earnings. We show that the trend in the association is U-shaped as the recent increase contrasts with a tendency toward a weakening association until the 1980s. The paper, using data derived from tax records, studies the asymmetries in t...
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作者：Homonoff, Tatiana; O'Brien, Rourke; Sussman, Abigail B.
作者单位：New York University; National Bureau of Economic Research; Yale University; University of Chicago
摘要：One in five consumer credit accounts incurs late fees each quarter. Evidence on the efficacy of regulations to improve behavior through enhanced disclosure of financial product attributes is mixed. We test a novel form of disclosure that provides borrowers with a personalized measure of their creditworthiness. In a field experiment with over 400,000 student loan borrowers, treatment group members received communications about the availability of their FICO Score. The intervention significantly...
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作者：Agarwal, Sumit; Chomsisengphet, Souphala; Yildirim, Yildiray; Zhang, Jian
作者单位：National University of Singapore; United States Department of the Treasury; Office of the Comptroller of the Currency; City University of New York (CUNY) System; University of Hong Kong
摘要：This study assesses a new mechanism, the deposit channel, in the transmission of interest rate shock to household consumption using an administrative panel data set of financial transactions for Turkey. Our empirical strategy exploits variation in consumers' adherence to the Islamic laws that forbid earning interest and employs a standard difference-in-difference design. Following an unanticipated announcement of interest rate hike, rate-sensitive consumers significantly reduce their overall s...
