-
作者：Voigtlaender, Nico
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：This paper presents a novel stylized fact and analyzes its contribution to the skill bias of technical change in U. S. manufacturing. The share of skilled labor embedded in intermediate inputs correlates strongly with the skill share employed in final production. This finding points toward an intersectoral technology-skill complementarity (ITSC). Together with input-output linkages, the observed complementarity delivers a multiplier that reinforces skill demand along the production chain. Redu...
-
作者：Xiao, Junji; Ju, Heng
作者单位：Fudan University; Shanghai University of Finance & Economics
摘要：This paper explores the effects of consumption-tax and fuel-tax adjustments in the Chinese automobile industry. Applying the model and simulation method of Berry, Levinson, and Pakes (1995), we conduct a comparative static analysis of equilibrium prices and sales, fuel consumption, and social welfare before and after tax adjustments. For the first time, we compare the progressivity of both taxes. Our empirical findings suggest that the fuel tax is effective in decreasing fuel consumption at th...
-
作者：Jiang, Wei; Nelson, Ashlyn Aiko; Vytlacil, Edward
作者单位：Columbia University; Indiana University System; Indiana University Bloomington; New York University
摘要：This paper presents an analysis of mortgage delinquency between 2004 and 2008 using a loan-level data set from a major national mortgage bank. Our analysis highlights two problems underlying the mortgage crisis: a reliance on mortgage brokers who tend to originate lower-quality loans and a prevalence of low-documentation loans-known in the industry as liar's loans''-that result in borrower information falsification. While over three-quarters of the difference in delinquency rates between bank ...
-
作者：Asphjell, Magne K.; Letterie, Wilko; Nilsen, Oivind A.; Pfann, Gerard A.
作者单位：Norwegian School of Economics (NHH); Maastricht University
摘要：Firms may adjust capital and labor sequentially or simultaneously. In this paper, we develop a structural model of interrelated factor demand subject to nonconvex adjustment costs and estimated by simulated method of moments. Based on Norwegian manufacturing industry plant-level data, parameter estimates reveal cost advantages for adjusting capital and making net changes in labor simultaneously. Factor demand models with fully specified interrelated adjustment costs structures perform best to ...
-
作者：Mansour, Hani; McKinnish, Terra
作者单位：University of Colorado System; University of Colorado Anschutz Medical Campus; University of Colorado Denver; Children's Hospital Colorado; IZA Institute Labor Economics; University of Colorado System; University of Colorado Boulder
摘要：In direct contrast to conventional wisdom and most economic models of marital age gaps, we present robust evidence that men and women who are married to differently aged spouses are negatively selected. Empirical results show lower cognitive ability, lower educational attainment, lower occupational wages, lower earnings, and less attractive appearance among those married to a differently aged spouse. These results, obtained using samples of first marriages and controlling for age of marriage, ...
-
作者：Dinkelman, Taryn; Claudia Martinez, A.
作者单位：Dartmouth College; Center for Economic & Policy Research (CEPR); Universidad de Chile
摘要：We investigate the impacts of providing low-income Chilean adolescents with information about how to finance higher education and ask whether providing parents with the same information magnifies the effects on schooling outcomes. We randomly assigned eighth graders and some parents to receive information about aid for higher education. Exposure to information raised college preparatory high school enrollment, primary school attendance, and financial aid knowledge, with gains concentrated amon...
-
作者：Hoderlein, Stefan; Stoye, Joerg
作者单位：Boston College; Cornell University
摘要：This paper explores the empirical content of the weak axiom of revealed preference (WARP) for repeated cross-sections. In a heterogeneous population, the fraction of consumers who violate WARP is not point identified but can be bounded. These bounds, as well as some nonparametric refinements, correspond to intuitive behavioral assumptions if there are two goods. With three or more goods, such intuitions break down, and plausible assumptions can have counterintuitive implications. We also provi...
-
作者：Gibson, John; McKenzie, David
作者单位：University of Waikato; The World Bank; Center for Economic & Policy Research (CEPR)
摘要：Seasonal migration programs are widely used around the world, yet there is little evidence as to their development impacts. A multiyear prospective evaluation of New Zealand's Recognised Seasonal Employer (RSE) seasonal worker program allows us to measure the impact of participating in this program on households in Tonga and Vanuatu. Using a propensity-score prescreened difference-in-differences analysis based on surveys fielded before, during, and after participation, we find that the RSE has...
-
作者：Wen, Jean-Francois; Gordon, Daniel V.
作者单位：University of Calgary; Universitetet i Stavanger
摘要：Do progressive marginal income tax rates discourage self-employment? We assume risk neutrality to construct an implicit surtax on stochastic income relative to steady income, arising from a convex tax schedule. It is computed as part of a structural probit model with earnings equations and a tax simulator. The tax convexity variable and the net-of-tax income difference between self-and paid employment have the predicted signs and high levels of statistical significance for the probability of s...
-
作者：Estevadeordal, Antoni; Taylor, Alan M.
