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作者：Bingley, Paul; Cappellari, Lorenzo
作者单位：Catholic University of the Sacred Heart
摘要：We estimate sibling correlations and intergenerational transmission of life cycle earnings within a unified framework that nests previous models. Using data on the Danish population of father/first-son/second-son triads we find that intergenerational effects account for 72% of sibling correlations. This share is higher than in previous studies because we allow for heterogeneous intergenerational transmission between families. For the first time, we show significant U-shaped life cycle variatio...
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作者：Butikofer, Aline; Loken, Katrine V.; Salvanes, Kjell G.
作者单位：Norwegian School of Economics (NHH); University of Bergen
摘要：This paper studies the long-term and life cycle consequences of increasing access to mother and child health care centers in the first year of life. Access to these centers increased completed years of schooling by 0.15 years and earnings by 2%. These effects were stronger for children from a low socioeconomic background and contribute to a 10% reduction in the intergenerational persistence in educational attainment. Better nutrition within the first year of life is a likely mechanism. In part...
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作者：Cai, Xiqian; Lu, Yi; Pan, Jessica; Zhong, Songfa
作者单位：Xiamen University; Tsinghua University; National University of Singapore
摘要：We examine gender differences in the response to competitive pressure using data from the most competitive entrance exam-China's Gaokao. Compared to male students, females underperform on the competitive and high-stakes Gaokao, relative to their performance on the low-stakes mock examination. Moreover, women's performance suffers more than men's in response to negative performance shocks in an earlier exam on the same day. These effects are more pronounced for subgroups of students where the s...
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作者：Obstfeld, Maurice; Ostry, Jonathan D.; Qureshi, Mahvash S.
作者单位：National Bureau of Economic Research; University of California System; University of California Berkeley; Center for Economic & Policy Research (CEPR); International Monetary Fund
摘要：This paper examines the claim that exchange rate regimes are of little salience in the transmission of global financial conditions to domestic financial and macroeconomic conditions by focusing on a sample of about forty emerging market countries over 1986 to 2013. Our findings show that exchange rate regimes do matter. The transmission of global financial shocks to domestic credit and house price growth, as well as to banking sector leverage and domestic output, is magnified under fixed excha...
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作者：Handel, Benjamin R.; Kolstad, Jonathan T.; Spinnewijn, Johannes
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; University of London; London School Economics & Political Science; Center for Economic & Policy Research (CEPR)
摘要：Despite evidence that many consumers in health insurance markets are subject to information frictions, approaches used to evaluate these markets typically assume informed, active consumers. We develop a general framework to study insurance market equilibrium in the presence of choice frictions and evaluate key policy interventions. We identify sufficient relationships between the underlying distributions of consumer costs, surplus from risk protection, and choice frictions that determine the w...
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作者：Gorbachev, Olga; Luengo-Prado, Maria Jose
作者单位：University of Delaware
摘要：We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and low-interest assets that could be used to pay down this debt. Relative to individuals with no credit card debt but positive liquid assets, borrower-savers have very different perceptions of future credit access risk and use credit cards for precautionary motives. Moreover, changing perceptions about credit access ri...
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作者：Carr, Jillian B.; Packham, Analisa
作者单位：Purdue University System; Purdue University; University System of Ohio; Miami University
摘要：In this paper, we study the effects of the timing of nutritional aid disbursement on crime, using two main sources of variation: (a) a policy change in Illinois that substantially increased the number of SNAP distribution days and (b) an existing Indiana policy that issues SNAP benefits by last name. We find that staggering SNAP benefits leads to large reductions in crime and theft at grocery stores by 17.5% and 20.9%, respectively. Findings also show that theft decreases in the second and thi...
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作者：Campa, Pamela; Serafinelli, Michel
作者单位：Stockholm School of Economics; University of Essex
摘要：This paper investigates whether attitudes are affected by politico-economic regimes. We exploit the efforts of state socialist regimes to promote women's economic inclusion. Using the German partition after World War II, we show that women from East-Germany are more likely to place importance on career success compared to women from West-Germany. Further, the population at large in East Germany is less likely to hold traditional gender role attitudes. Examining possible mechanisms, we find tha...
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作者：Imbens, Guido; Wager, Stefan
作者单位：Stanford University
摘要：The increasing popularity of regression discontinuity methods for causal inference in observational studies has led to a proliferation of different estimating strategies, most of which involve first fitting nonparametric regression models on both sides of a treatment assignment boundary and then reporting plug-in estimates for the effect of interest. In applications, however, it is often difficult to tune the nonparametric regressions in a way that is well calibrated for the specific target of...
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作者：Clemens, Michael A.; Montenegro, Claudio E.; Pritchett, Lant
作者单位：Universidad de Chile; Deutsches Institut Entwicklungspolitik (DIE); Harvard University
摘要：Large international differences in the price of labor can be sustained by differences between workers or by natural and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad valorem equivalent of labor mobility barriers to the United States, with unique nationally representative microdata on both U.S. immigrant workers and workers in their 42 home countries. The average price equivalent of migration barriers in this setting for low-ski...
