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作者：Butikofer, Aline; Dalla-Zuanna, Antonio; Salvanes, Kjell G.
作者单位：Norwegian School of Economics (NHH); European Central Bank; Bank of Italy; University of London; London School Economics & Political Science
摘要：This paper demonstrates that a large economic shock such as an oil boom increases intergenerational earnings mobility among directly affected men, mostly through increased bottom-up mobility, but not for women. Preexisting local differences in mobility or shifts in the earnings distributions do not drive these findings. Instead, changes in relative earnings paid to workers with different skills offer the best explanation. Moreover, we document that intergenerational mobility is significantly h...
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作者：Dahis, Ricardo; Schiavon, Laura; Scot, Thiago
作者单位：Monash University; Universidade Federal de Juiz de Fora; The World Bank
摘要：In the absence of strong incentives, public service delivery is crucially dependent on bureaucrat selection. Despite wide adoption by governments, it is unclear whether civil service examinations reliably select for job performance. We investigate this question focusing on state judges in Brazil. Exploring monthly data on judicial output and cross-court movement, we estimate that judges account for at least 23% of the observed variation in the number of cases disposed. With novel data on admis...
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作者：Blair, Peter Q.; Chung, Bobby W.
作者单位：Harvard University; National Bureau of Economic Research; State University System of Florida; University of South Florida
摘要：Among men, the Black-White wage gap is as large today as it was in 1950. We test whether this gap is due to asymmetric information using newly collected data on occupational licensing laws that ban workers with criminal records. We find evidence supporting this hypothesis. The licensing premiums for Black men are largest in licensed occupations that restrict felons, particularly in states with banthe-box laws and at small businesses. In these contexts where a worker's criminal history is diffi...
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作者：Bucheli, Jose R.; Fontenla, Matias
作者单位：University of Texas System; University of Texas El Paso; University of New Mexico
摘要：Mexican migration to the United States-one of the largest flows in human history-inverted in the late 2000s, and during the next decade more Mexicans returned home than those who migrated north. We exploit this historical reversal to estimate the effects of return migration on economic development in Mexico. We find that return migration leads to higher levels of development through improved income, labor, health, and educational outcomes. Our findings suggest that the benefits of migration ex...
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作者：Koh, Yumi; Li, Jing; Xu, Jianhuan
作者单位：University of Seoul; Singapore Management University
摘要：Using rapid expansion of the Beijing subway from 2000 to 2018, we analyze its impact on collaborative matches in innovations. We find that an hour reduction in travel time between a pair of locations in Beijing brought 14.85% to 37.69% increase in collaborated patents. Far-apart location pairs were more affected, and the local average causal response is approximately 34.92% to 82.29%. The effect is mainly driven by increased matches among highly productive innovators. The entry of new innovato...
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作者：Vihriaelae, Erkki
作者单位：Aalto University
摘要：I study how intra-household frictions and anchoring contribute to the credit card debt puzzle, the co-holding of high-cost debt, and low-yield liquid assets. First, I find couples co-hold 42% more as units than as individuals relative to income. Moreover, in a natural experiment, couples do not cooperate to reduce high-cost debt, suggesting that intra-household frictions contribute to co-holding. Second, I find individuals who regularly make credit card debt payments equal to or near the minim...
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作者：Shi, Zhentao; Su, Liangjun; Xie, Tian
作者单位：University System of Georgia; Georgia Institute of Technology; Chinese University of Hong Kong; Tsinghua University; Shanghai University of Finance & Economics
摘要：We propose & ell;( 2)-relaxation, which is a novel convex optimization problem, to tackle a forecast combination with many forecasts or a minimum variance portfolio with many assets. & ell;( 2)-relaxation minimizes the squared Euclidean norm of the weight vector subject to a set of relaxed linear inequalities to balance the bias and variance. It delivers optimality with approximately equal within-group weights when latent block equicorrelation patterns dominate the high-dimensional sample vari...
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作者：Domenech-Arumi, Gerard; Vannutelli, Silvia
作者单位：Universite Libre de Bruxelles; Northwestern University; National Bureau of Economic Research
摘要：wE exploit an unanticipated labor market reform to estimate the effects of procyclical changes in long-term unemployment assistance (UA). In July 2012, Spain raised the minimum age to receive unlimited- duration UA from 52 to 55. Using a difference-in-differences design, we document that shorter benefits caused (1) shorter unemployment duration, especially among younger workers; (2) higher labor force exit and other programs' take-up, especially among older workers; and (c) lower wages upon re...
