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作者：Auclert, Adrien; Bardoczy, Bence; Rognlie, Matthew
作者单位：National Bureau of Economic Research; Stanford University; Northwestern University
摘要：We show that New Keynesian models with frictionless labor supply face a challenge: given standard parameters, they cannot simultaneously match plausible estimates of marginal propensities to consume (MPCs), marginal propensities to earn (MPEs), and fiscal multipliers. A HANK model with sticky wages provides a solution to this trilemma.
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作者：Conti, Annamaria; Guzman, Jorge A. A.
作者单位：IE University; Columbia University
摘要：We investigate underlying sources of the US entrepreneurial ecosystem's advantage compared to other innovative economies by assessing the benefits that Israeli startups derive from migrating to the United States. Addressing positive sorting into migration, we show that migrants raise larger funding amounts and are more likely to have a U.S. trademark and be acquired than nonmigrants. Migrants also achieve a higher acquisition value. However, their patent output is not larger. We conclude that ...
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作者：Kowalski, Amanda E.
作者单位：University of Michigan System; University of Michigan
摘要：A headline result from the Oregon Health Insurance Experiment is that emergency room (ER) utilization increased. A seemingly contradictory result from the Massachusetts health reform is that ER utilization decreased. I reconcile both results by identifying treatment effect heterogeneity within the Oregon experiment and extrapolating it to Massachusetts. Even though Oregon compliers increased their ER utilization, they were adversely selected relative to Oregon never takers, who would have decr...
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作者：Abeberese, Ama Baafra; Barnwal, Prabhat; Chaurey, Ritam; Mukherjee, Priya
作者单位：Wellesley College; Michigan State University; Johns Hopkins University; University of Wisconsin System; University of Wisconsin Madison
摘要：While recent work suggests democracy does cause growth, the channels through which this effect occurs remain unclear. Exploiting quasi-random variation in the timing of district-level political regime changes induced by the collapse of President Suharto's government, we study the microlevel drivers of the democracy-growth relationship. Using Indonesian firm-level data, we find that democratization leads to an increase in firm productivity, a critical determinant of economic growth. Furthermore...
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作者：Bai, Ying; Jia, Ruixue
作者单位：Chinese University of Hong Kong; University of California System; University of California San Diego; University of London; London School Economics & Political Science
摘要：We study how political hierarchy shapes regional development in China, using variations driven by regime changes during the 1000-2000 C.E. period. We find that changes in the status of the provincial capital led to the rise and decline of different prefectures as measured by population and urbanization. Two other novel findings stand out: (1) the economic advantages of the provincial capitals did not persist if they lost their political status, and (2) political hierarchy shaped economic devel...
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作者：Guo, Audrey
作者单位：Santa Clara University
摘要：This paper investigates the extent to which state-level differences in business taxes influence the location decisions of multiestablishment firms. Each state in the United States administers their own unemployment insurance program, and cross-state variation leads to significant tax differences across state lines. This decentralized administration creates opposing employment incentives on the intensive and extensive margins depending on the economic conditions. Studying the locations of multi...
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作者：Advani, Arun; Elming, William; Shaw, Jonathan
作者单位：University of Warwick
摘要：We study the effects of audits on long run compliance behavior using a random audit program covering more than 53,000 tax returns. We find that audits raise reported tax liabilities for five years after audit, effects are longer-lasting for more stable sources of income, and only individuals found to have made errors respond to audit. A total of 60%-65% of revenue from audit comes from the change in reporting behavior. Extending the standard model of rational tax evasion, we show that these re...
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作者：Mann, Katja; Puettmann, Lukas
作者单位：Copenhagen Business School
摘要：We provide a new measure of automation based on patents and study its employment effects. Classifying all U.S. patents granted between 1976 and 2014 as automation or nonautomation patents, we document a strong rise in the number and share of automation patents. We link patents to their industries of use and to commuting zones. To estimate the effect of automation, we use an instrumental variables strategy that relies on innovations developed independently from U.S. labor market trends. We find...
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作者：Koelle, Felix; Wenner, Lukas
作者单位：University of Cologne
摘要：We investigate dynamically inconsistent time preferences across contexts with and without interpersonal trade-offs. In a longitudinal experiment, participants make a series of intertemporal allocation decisions of real-effort tasks between themselves and another person. Our results reveal that agents are present-biased when making choices that affect only themselves but not when choosing on behalf of others. Despite this asymmetry, we find no evidence for time-inconsistent generosity, that is,...
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作者：Carreri, Maria; Teso, Edoardo
作者单位：University of California System; University of California San Diego; Northwestern University
摘要：We study if U.S. members of Congress who experienced an economic recession during early adulthood vote differently on redistribution-specific bills. We find that politicians who experienced a recession hold more conservative positions on redistribution, even compared to members of the same party. In light of recent empirical evidence showing that voters become more supportive of redistribution following a recession, our findings suggest that macroeconomic shocks might have a polarizing effect:...
