Review of Economics and Statistics

最新文章

• Valid Two-Step Identification-Robust Confidence Sets for GMM AI翻译
  作者：Andrews, Isaiah
  作者单位：Massachusetts Institute of Technology (MIT)
  摘要：In models with potentially weak identification, researchers often decide whether to report a robust confidence set based on an initial assessment of model identification. Two-step procedures of this sort can generate large coverage distortions for reported confidence sets, and existing procedures for controlling these distortions are quite limited. This paper introduces a generally applicable approach to detecting weak identification and constructing two-step confidence sets in GMM. This appro...
• Gender Stereotypes in the Classroom and Effects on Achievement AI翻译
  作者：Alan, Sule; Ertac, Seda; Mumcu, Ipek
  作者单位：University of Essex; Koc University
  摘要：We study the effect of elementary school teachers' beliefs about gender roles on student achievement. We exploit a natural experiment where teachers are prevented from self-selecting into schools, and, conditional on school, students are allocated to teachers randomly. We show that girls who are taught for longer than a year by teachers with traditional gender views have lower performance in objective math and verbal tests, and this effect is amplified with longer exposure to the same teacher....
• The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data AI翻译
  作者：De Neve, Jan-Emmanuel; Ward, George; De Keulenaer, Femke; Van Landeghem, Bert; Kavetsos, Georgios; Norton, Michael I.
  作者单位：University of Oxford; Massachusetts Institute of Technology (MIT); University of Sheffield; Maastricht University; IZA Institute Labor Economics; University of London; Queen Mary University London; Harvard University
  摘要：Are individuals more sensitive to losses than gains in terms of economic growth?We find that measures of subjective well-being are more than twice as sensitive to negative as compared to positive economic growth. We use Gallup World Poll data from over 150 countries, BRFSS data on 2.3 million U.S. respondents, and Eurobarometer data that cover multiple business cycles over four decades. This research provides a new perspective on the welfare cost of business cycles, with implications for growt...
• Measuring Uncertainty and Its Impact on the Economy AI翻译
  作者：Carriero, Andrea; Clark, Todd E.; Marcellino, Massimiliano
  作者单位：University of London; Queen Mary University London; Federal Reserve System - USA; Federal Reserve Bank - Cleveland; Bocconi University; Center for Economic & Policy Research (CEPR)
  摘要：We propose a new model for measuring uncertainty and its effects on the economy, based on a large vector autoregression with stochastic volatility driven by common factors representing macroeconomic and financial uncertainty. The uncertainty measures reflect changes in both the conditional mean and volatility of the variables, and their impact on the economy can be assessed within the same framework. Estimates with U.S. data show substantial commonality in uncertainty, with sizable effects of ...
• Why Do Previous Choices Matter for Hospital Demand? Decomposing Switching Costs from Unobserved Preferences AI翻译
  作者：Raval, Devesh; Rosenbaum, Ted
  摘要：Using data on women's choice of hospital for childbirth in Florida, we find that women return to the same hospital approximately 70% of the time. We separate explanations of switching costs and unobserved preference heterogeneity using a panel data fixed effects estimator and find that switching costs account for approximately 40% of the demand effects of a lagged dependent variable. The welfare effects of excluding a hospital from a payer's network are smaller in the short run but higher in t...
• Scraped Data and Sticky Prices AI翻译
  作者：Cavallo, Alberto
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
  摘要：I use daily prices collected from online retailers in five countries to study the impact of measurement bias on three common price stickiness statistics. Relative to previous results, I find that online prices have longer durations, with fewer price changes close to 0, and hazard functions that initially increase over time. I show that time-averaging and imputed prices in scanner and CPI data can fully explain the differences with the literature. I then report summary statistics for the durati...
• Approximating Exogenous Variation in R&D: Evidence from the Kentucky and North Carolina SBIR State Match Programs AI翻译
  作者：Lanahan, Lauren; Feldman, Maryann P.
  作者单位：University of Oregon; University of North Carolina; University of North Carolina Chapel Hill
  摘要：This paper exploits policy discontinuities at U.S. state borders to examine the effect of R&D investments on innovative projects. We examine the Small Business Innovation Research (SBIR) State Match program, which offers noncompetitive grants to federally awarded SBIR Phase I projects that are eligible to compete for Phase II. Results from SBIR activity (2002-2010) indicate heterogeneous treatment effects. Notably, the positive differential effects are moderated by firms within the science and...
• Endogenous Stratification in Randomized Experiments AI翻译
  作者：Abadie, Alberto; Chingos, Matthew M.; West, Martin R.
  作者单位：Massachusetts Institute of Technology (MIT); Urban Institute; Harvard University
  摘要：Policymakers are often interested in estimating how policy interventions affect the outcomes of those most in need of help. This concern has motivated the practice of disaggregating experimental results by groups constructed on the basis of an index of baseline characteristics that predicts the values of individual outcomes without the treatment. This paper shows that substantial biases may arise in practice if the index is estimated by regressing the outcome variable on baseline characteristi...
• Social Cohesion, Religious Beliefs, and the Effect of Protestantism on Suicide AI翻译
  作者：Becker, Sascha O.; Woessmann, Ludger
  作者单位：University of Warwick; Center for Economic & Policy Research (CEPR); Leibniz Association; Ifo Institut; IZA Institute Labor Economics; University of Munich; IZA Institute Labor Economics; Leibniz Association; Ifo Institut
  摘要：In an economic theory of suicide, we model social cohesion of the religious community and religious beliefs about afterlife as two mechanisms by which Protestantism increases suicide propensity. We build a unique microregional data set of 452 Prussian counties for 1816 to 1821 and 1869 to 1871, when religiousness was still pervasive. Exploiting the concentric dispersion of Protestantism around Wittenberg, our instrumental variable model finds that Protestantism had a substantial positive effec...
• The Economics of Attribute-Based Regulation: Theory and Evidence from Fuel Economy Standards AI翻译
  作者：Ito, Koichiro; Sallee, James M.
  作者单位：University of Chicago; National Bureau of Economic Research; University of California System; University of California Berkeley
  摘要：We study attribute-based regulations, under which regulatory compliance of a firm, product, or individual depends on a secondary attribute that is not the intended target of the regulation. We develop a theoretical model of the welfare consequences of attribute basing, including its distortionary costs and potential benefits. We then quantify these welfare consequences using quasi-experimental evidence from weight-based fuel economy regulations.We use bunching analysis to showthat vehicle weig...