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作者：Diallo, Boubacar; Koch, Wilfried
作者单位：Qatar University; University of Quebec; University of Quebec Montreal
摘要：This paper investigates the relationship between economic growth and bank concentration. We introduce imperfect competition within the banking system according to the Schumpeterian growth paradigm, and we theoretically and empirically show that the effects of bank concentration on economic growth depend on the proximity to the world technology frontier. The theory predicts that when a country reaches a sufficient level of financial development, bank concentration has a negative effect on devel...
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作者：Mitra, Sandip; Mookherjee, Dilip; Torero, Maximo; Visaria, Sujata
作者单位：Indian Statistical Institute; Indian Statistical Institute Kolkata; Boston University; The World Bank; Hong Kong University of Science & Technology
摘要：West Bengal potato farmers cannot directly access wholesale markets and do not knowwholesale prices. Local middlemen earn large margins; pass-through from wholesale to farmgate prices is negligible. When we informed farmers in randomly chosen villages about wholesale prices, average farmgate sales and prices were unaffected, but pass-through to farmgate prices increased. These results can be explained by a model where farmers bargain ex post with village middlemen, with the outside option of s...
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作者：Perez-Truglia, Ricardo
作者单位：University of California System; University of California Los Angeles
摘要：We propose that individuals are more politically active in more like-minded social environments. To test this hypothesis, we combine administrative data from the Federal Election Commission and the U.S. Postal Service. We identify 45,000 individuals who contributed to Barack Obama's 2008 presidential campaign and changed residences either before or after the 2012 election cycle.We examine whether living in an area with a higher share of Democrats causes higher contributions to Obama. We find t...
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作者：Stahl, Dale O.
作者单位：University of Texas System; University of Texas Austin
摘要：Can a toolbox of simple heuristic rules help explain lottery choices relative to expected utility theory (EUT)? While a mixture model of EUT plus heuristic rules will obviously fit data better than EUT only, given the small sample sizes, there is a danger of overfitting. Therefore, instead of goodness-of-fit measures, we focus on forecasting performance. Using two data sets of binary lottery choices and reasonable holdout subsets for testing forecasting performance, we find that the EUT-only m...
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作者：Billings, Stephen B.; Brunner, Eric J.; Ross, Stephen L.
作者单位：University of Colorado System; University of Colorado Boulder; University of Connecticut
摘要：We examine the housing market and residential mobility changes that occur soon after a Title 1 school fails to achieve adequate yearly progress (AYP) in Charlotte, North Carolina. Students within attendance zones of failing schools are given priority in lotteries for oversubscribed schools, potentially increasing the attractiveness of living in a failing school attendance zone. We find that housing prices, home buyer income, and the probability of attending a nonassigned school increase in the...
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作者：Feenstra, Robert C.; Luck, Philip; Obstfeld, Maurice; Russ, Katheryn N.
作者单位：University of California System; University of California Davis; National Bureau of Economic Research; University of Colorado System; University of Colorado Denver; University of California System; University of California Berkeley; Center for Economic & Policy Research (CEPR)
摘要：How big is the elasticity of substitution between goods from different countriesthe Armington elasticity? Estimates of the macroelasticity between home and imported goods are often smaller than the microelasticity between foreign sources of imports. Using new, highly disaggregate U.S. production data matched to imports and simulated data from a Melitz-style model with nested CES preferences, we explore estimation techniques for the two elasticities. For between two-thirds and three-quarters of...
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作者：Frandsen, Brigham R.; Lefgren, Lars J.
作者单位：Brigham Young University
摘要：We introduce a test of the rank invariance or rank similarity assumption common in treatment effects and instrumental variables models. The test probes the implication that the conditional distribution of ranks should be identical across treatment states using a regression-based test statistic. We apply the test to data from the Tennessee STAR class-size reduction experiment and show that systematic slippages in rank can be important statistically and economically.
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作者：Dobbie, Will; Goldsmith-Pinkham, Paul; Yang, Crystal S.
作者单位：Princeton University; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - New York; Harvard University
摘要：This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using a new data set linking bankruptcy filings to credit bureau records. Our empirical strategy uses the leniency of randomly assigned judges as an instrument for Chapter 13 protection. We find that Chapter 13 protection decreases an index measuring adverse financial events such as civil judgments and repossessions by 0.323 standard deviations and increases the probability of being a homeowner by 13.2 perc...
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作者：Dao, Mai; Furceri, Davide; Loungani, Prakash
作者单位：International Monetary Fund
摘要：We present new evidence on the evolution of labor mobility in the United States over the past four decades. Building on the seminal methodology by Blanchard and Katz (1992), combined with multiple sources of regional population and migration data, we show that interstate mobility in response to relative labor demand conditions is not as high as previously established and has been weakening since the early 1990s. In addition, we find that mobility is countercyclical: net migration across region...
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作者：Anderson, Michael L.
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：Spending on big-time college athletics is often justified on the grounds that athletic success attracts students and raises donations. We exploit data on bookmaker spreads to estimate the probability of winning each game for college football teams. We then condition on these probabilities using a propensity score design to estimate the effects of winning on donations, applications, and enrollment. The resulting estimates represent causal effects under the assumption that, conditional on bookma...
