-
作者：Huber, Martin; Lechner, Michael; Mellace, Giovanni
作者单位：University of Fribourg; University of St Gallen; IZA Institute Labor Economics; University of Southern Denmark
摘要：Previous research found that less accommodating caseworkers are more successful in placing unemployed workers into employment. This paper explores the causal mechanisms behind this result using semi-parametric mediation analysis. Analyzing rich linked job seeker-caseworker data for Switzerland, we find that the positive employment effects of less accommodating caseworkers are not driven by a particularly effective mix of labor market programs but, rather, by other dimensions of the counseling ...
-
作者：Baker, Scott R.; Fradkin, Andrey
作者单位：Northwestern University; Massachusetts Institute of Technology (MIT)
摘要：Job search is a key choice variable in theories of labor markets but is difficult to measure directly. We develop a job search activity index based on Google search data, the Google Job Search Index (GJSI). We validate the GJSI with both survey- and web-based measures of job search. Unlike those measures, the GJSI is high frequency, geographically precise, and available in real time. We demonstrate the GJSI's utility by using it to study the effects of unemployment insurance policy changes bet...
-
作者：Carter, Susan Payne; Skimmyhorn, William
作者单位：United States Military Academy; United States Department of Defense; United States Army
摘要：We evaluate the effect that payday loan access has on credit and labor market outcomes of individuals in the U.S. Army. Using the conditional random assignment of service members to different locations, we employ three identification strategies: cross-sectional variation in state policies, within-term variation in payday lending access, and a difference-in-difference analysis using the national Military Lending Act. We find few adverse effects of payday loan access on service members when usin...
-
作者：Faggio, Giulia; Silva, Olmo; Strange, William C.
作者单位：City St Georges, University of London; University of London; London School Economics & Political Science; University of Toronto
摘要：Many prior treatments of agglomeration explicitly or implicitly assume that all industries agglomerate for the same reasons. This paper uses U.K. establishment-level coagglomeration data to document substantial heterogeneity across industries in the microfoundations of agglomeration economies. It finds robust evidence of organizational and adaptive agglomeration forces as discussed by Chinitz (1961), Vernon (1960), and Jacobs (1969). These forces interact with the traditional Marshallian (1890...
-
作者：Paiella, Monica; Pistaferri, Luigi
作者单位：Parthenope University Naples; Stanford University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要：We decompose the wealth effect on consumption into two components. First, we distinguish between exogenous and endogenous wealth changes. Second, we distinguish between anticipated and unanticipated exogenous changes. We estimate the impact of exogenous components using data from the 20082010 panel of the Italian Survey of Household Income and Wealth. The wealth effect is about 3 cents per (unexpected) euro increase in wealth and driven by house price changes. The consumption response to antic...
-
作者：Feenberg, Daniel; Ganguli, Ina; Gaule, Patrick; Gruber, Jonathan
作者单位：National Bureau of Economic Research; University of Massachusetts System; University of Massachusetts Amherst; Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Massachusetts Institute of Technology (MIT)
摘要：When choices are made from ordered lists, individuals can exhibit biases toward selecting certain options as a result of the ordering. We examine this phenomenon in the context of consumer response to the ordering of economics papers in an e-mail announcement issued by the NBER. We show that despite the effectively random list placement, papers listed first each week are about 30% more likely to be viewed, downloaded, and subsequently cited. We suggest that a model of skimming behavior, where ...
-
作者：Jochmans, Koen
作者单位：Institut d'Etudes Politiques Paris (Sciences Po)
摘要：Empirical models for dyadic interactions between n agents often feature agent-specific parameters. Fixed-effect estimators of such models generally have bias of order n(-1), which is nonnegligible relative to their standard error. Therefore, confidence sets based on the asymptotic distribution have incorrect coverage. This paper looks at models with multiplicative unobservables and fixed effects. We derive moment conditions that are free of fixed effects and use them to set up estimators that ...
-
作者：Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; Raissi, Mehdi
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Dallas; University of Cambridge; University of Cambridge; University of Southern California; University of Cambridge; International Monetary Fund
摘要：This paper studies the relationship between public debt expansion and economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. We contribute theoretically by developing tests for threshold effects in the context of dynamic heterogeneous panel data models with cross-sectionally dependent errors. In the empirical application, using data on a sample of forty countries over the 1965-2010 period, we find no evidence for a universally applicable thresh...
-
作者：Helland, Eric; Yoon, Jungmo
作者单位：Claremont Colleges; Claremont Graduate University; Claremont McKenna College; Hanyang University
摘要：The English rule prescribes that the loser of a lawsuit pays the winner's litigation costs. Previous research on the English rule finds that plaintiffs win more often at trial, receive higher awards, and receive larger settlements. Theory predicts that the English rule discourages settlement by raising the threshold payment necessary for settlement. In this paper, we reexamine the Florida experiment with the English rule by placing bounds on the selection effects. We find that the mean and med...
-
作者：Chung, Andrea Park; Gaynor, Martin; Richards-Shubik, Seth
作者单位：Carnegie Mellon University; University of Bristol; National Bureau of Economic Research; Lehigh University
摘要：We study the effect of public subsidies from the Hill-Burton program on hospital capacity, organization of the hospital industry, and utilization. We estimate that the program accounted for a net increase of over 70,000 beds nationwide and that these effects lasted well beyond twenty years. We also show that differences in the number of hospital beds per capita between high- and low-income counties, rural and urban counties, and the South and the rest of the country fell substantially. We conc...
