-
作者：Dobbie, Will; Goldsmith-Pinkham, Paul; Yang, Crystal S.
作者单位：Princeton University; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - New York; Harvard University
摘要：This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using a new data set linking bankruptcy filings to credit bureau records. Our empirical strategy uses the leniency of randomly assigned judges as an instrument for Chapter 13 protection. We find that Chapter 13 protection decreases an index measuring adverse financial events such as civil judgments and repossessions by 0.323 standard deviations and increases the probability of being a homeowner by 13.2 perc...
-
作者：Dao, Mai; Furceri, Davide; Loungani, Prakash
作者单位：International Monetary Fund
摘要：We present new evidence on the evolution of labor mobility in the United States over the past four decades. Building on the seminal methodology by Blanchard and Katz (1992), combined with multiple sources of regional population and migration data, we show that interstate mobility in response to relative labor demand conditions is not as high as previously established and has been weakening since the early 1990s. In addition, we find that mobility is countercyclical: net migration across region...
-
作者：Anderson, Michael L.
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：Spending on big-time college athletics is often justified on the grounds that athletic success attracts students and raises donations. We exploit data on bookmaker spreads to estimate the probability of winning each game for college football teams. We then condition on these probabilities using a propensity score design to estimate the effects of winning on donations, applications, and enrollment. The resulting estimates represent causal effects under the assumption that, conditional on bookma...
-
作者：Huber, Martin; Lechner, Michael; Mellace, Giovanni
作者单位：University of Fribourg; University of St Gallen; IZA Institute Labor Economics; University of Southern Denmark
摘要：Previous research found that less accommodating caseworkers are more successful in placing unemployed workers into employment. This paper explores the causal mechanisms behind this result using semi-parametric mediation analysis. Analyzing rich linked job seeker-caseworker data for Switzerland, we find that the positive employment effects of less accommodating caseworkers are not driven by a particularly effective mix of labor market programs but, rather, by other dimensions of the counseling ...
-
作者：Baker, Scott R.; Fradkin, Andrey
作者单位：Northwestern University; Massachusetts Institute of Technology (MIT)
摘要：Job search is a key choice variable in theories of labor markets but is difficult to measure directly. We develop a job search activity index based on Google search data, the Google Job Search Index (GJSI). We validate the GJSI with both survey- and web-based measures of job search. Unlike those measures, the GJSI is high frequency, geographically precise, and available in real time. We demonstrate the GJSI's utility by using it to study the effects of unemployment insurance policy changes bet...
-
作者：Carter, Susan Payne; Skimmyhorn, William
作者单位：United States Military Academy; United States Department of Defense; United States Army
摘要：We evaluate the effect that payday loan access has on credit and labor market outcomes of individuals in the U.S. Army. Using the conditional random assignment of service members to different locations, we employ three identification strategies: cross-sectional variation in state policies, within-term variation in payday lending access, and a difference-in-difference analysis using the national Military Lending Act. We find few adverse effects of payday loan access on service members when usin...
-
作者：Faggio, Giulia; Silva, Olmo; Strange, William C.
作者单位：City St Georges, University of London; University of London; London School Economics & Political Science; University of Toronto
摘要：Many prior treatments of agglomeration explicitly or implicitly assume that all industries agglomerate for the same reasons. This paper uses U.K. establishment-level coagglomeration data to document substantial heterogeneity across industries in the microfoundations of agglomeration economies. It finds robust evidence of organizational and adaptive agglomeration forces as discussed by Chinitz (1961), Vernon (1960), and Jacobs (1969). These forces interact with the traditional Marshallian (1890...
-
作者：Paiella, Monica; Pistaferri, Luigi
作者单位：Parthenope University Naples; Stanford University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要：We decompose the wealth effect on consumption into two components. First, we distinguish between exogenous and endogenous wealth changes. Second, we distinguish between anticipated and unanticipated exogenous changes. We estimate the impact of exogenous components using data from the 20082010 panel of the Italian Survey of Household Income and Wealth. The wealth effect is about 3 cents per (unexpected) euro increase in wealth and driven by house price changes. The consumption response to antic...
-
作者：Feenberg, Daniel; Ganguli, Ina; Gaule, Patrick; Gruber, Jonathan
作者单位：National Bureau of Economic Research; University of Massachusetts System; University of Massachusetts Amherst; Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; Massachusetts Institute of Technology (MIT)
摘要：When choices are made from ordered lists, individuals can exhibit biases toward selecting certain options as a result of the ordering. We examine this phenomenon in the context of consumer response to the ordering of economics papers in an e-mail announcement issued by the NBER. We show that despite the effectively random list placement, papers listed first each week are about 30% more likely to be viewed, downloaded, and subsequently cited. We suggest that a model of skimming behavior, where ...
-
作者：Jochmans, Koen
作者单位：Institut d'Etudes Politiques Paris (Sciences Po)
摘要：Empirical models for dyadic interactions between n agents often feature agent-specific parameters. Fixed-effect estimators of such models generally have bias of order n(-1), which is nonnegligible relative to their standard error. Therefore, confidence sets based on the asymptotic distribution have incorrect coverage. This paper looks at models with multiplicative unobservables and fixed effects. We derive moment conditions that are free of fixed effects and use them to set up estimators that ...
