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作者：Arellano-Bover, Jaime
作者单位：University of Rome Tor Vergata; IZA Institute Labor Economics
摘要：Using data on adults' cognitive skills from nineteen countries, this paper shows that labor market conditions during the education-to-work transition affected workers' long-term skill development. Workers who faced higher unemployment rates at ages 18 to 25 have lower skills at ages 36 to 59. Unemployment rates at ages 26 to 35 do not have such an effect. Skill inequality is affected: those with less educated parents experience most of the negative effects. Using German panel data on skills, I...
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作者：Dominguez, Patricio
作者单位：Pontificia Universidad Catolica de Chile
摘要：This paper analyzes crime as a function of the interaction between offenders and victims. I study robbery of bus drivers, a crime that remains common in cities throughout the world. Exploiting the timing of a Chilean public transportation reform and detailed administrative data, I show how victims' propensity to resist an attack can alter the level and nature of criminal activity. I also find a large decline in crime after the implementation of a technological innovation that eliminated cash t...
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作者：Fuster, Andreas; Perez-Truglia, Ricardo; Wiederholt, Mirko; Zafar, Basit
作者单位：Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; Swiss Finance Institute (SFI); University of California System; University of California Berkeley; Institut d'Etudes Politiques Paris (Sciences Po); University of Michigan System; University of Michigan
摘要：We use a survey experiment to generate direct evidence on how people acquire and process information. Participants can buy different information signals that could help them forecast future national home prices. We elicit their valuations and exogenously vary the cost of information. Participants put substantial value on their preferred signal and, when acquired, incorporate the signal in their beliefs. However, they disagree on which signal to buy. As a result, making information cheaper does...
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作者：Muller, Ulrich K.; Stock, James H.; Watson, Mark W.
作者单位：Princeton University; Harvard University; National Bureau of Economic Research
摘要：We develop a Bayesian latent factor model of the joint long-run evolution of GDP per capita for 113 countries over the 118 years from 1900 to 2017. We find considerable heterogeneity in rates of convergence, including rates for some countries that are so slow that they might not converge (or diverge) in century-long samples, and a sparse correlation pattern (convergence clubs) between countries. The joint Bayesian structure allows us to compute a joint predictive distribution for the output pa...
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作者：Hospido, Laura; Laeven, Luc; Lamo, Ana
作者单位：Banco de Espana; IZA Institute Labor Economics; European Central Bank; Centre for Economic Policy Research - UK
摘要：We examine gender differences in career progression and promotions using personnel data from the European Central Bank (ECB) during the period 2003-2017. A gender wage gap emerges within a few years of hiring, despite broadly similar entry conditions. We also find a gender promotion gap before 2010 when the ECB issued a public commitment to diversity. Following this change, the promotion gap disappears. Using data on promotion applications, we find a gender application bias, partly driven by p...
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作者：Toews, Gerhard; Vezina, Pierre-Louis
作者单位：New Economic School; University of London; King's College London
摘要：We show that giant and unpredictable oil and gas discoveries trigger FDI bonanzas. Across developing countries, we document a 56% increase in FDI in the two years following a giant discovery. These booms are driven by new projects in sectors such as manufacturing, retail, services, and construction. To assess the job creation effects of one such FDI bonanza in Mozambique, we combine concurrent waves of household surveys and firm censuses and estimate the local job multiplier of FDI. Our estima...
