4期

最新文章

• Social Interactions and Crime Revisited: An Investigation Using Individual Offender Data in Dutch Neighborhoods AI翻译
  作者：Bernasco, Wim; de Graaff, Thomas; Rouwendal, Jan; Steenbeek, Wouter
  作者单位：Vrije Universiteit Amsterdam; Vrije Universiteit Amsterdam
  摘要：Using data on the age, sex, ethnicity, and criminal involvement of more than 14 million residents of all ages residing in approximately 4,000 Dutch neighborhoods, we test if an individual's criminal involvement is affected by the proportion of criminals living in his or her residential neighborhood. We develop a binomial discrete choice model for criminal involvement and estimate it on individual data. We control for both the endogeneity that may be related to unobserved neighborhood character...
• How Are You, My Dearest Mozart? Well-Being and Creativity of Three Famous Composers Based on Their Letters AI翻译
  作者：Borowiecki, Karol Jan
  作者单位：University of Southern Denmark
  摘要：The importance of creativity is being increasingly recognized by economists; however, the possibility that emotional factors determine creative processes is largely ignored. Building on 1,400 letters written by three famous music composers, I obtain well-being indices that span their lifetimes. The validity of this methodology is shown by linking the indices with biographical information and through estimation of the determinants of well-being. I then exploit the data and provide quantitative ...
• Recasting the Iron Rice Bowl: The Reform of China's State-Owned Enterprises AI翻译
  作者：Berkowitz, Daniel; Ma, Hong; Nishioka, Shuichiro
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Tsinghua University; West Virginia University
  摘要：Following the enactment of reforms in the mid-1990s, China's state-owned enterprises (SOEs) became more profitable. Using theoretical insights from Azmat, Manning, and Van Reenen (2012) and Karabarbounis and Neiman (2014) and econometric methods in De Loecker andWarzynski (2012), this paper finds that SOE restructuring was nevertheless limited. This is because SOE profitability gains in part reflect that they were under less political pressure to hire excess labor and also their cost of capita...
• Asymptotic Behavior of a t-Test Robust to Cluster Heterogeneity AI翻译
  作者：Carter, Andrew V.; Schnepel, Kevin T.; Steigerwald, Douglas G.
  作者单位：University of California System; University of California Santa Barbara; University of Sydney
  摘要：For a cluster-robust t-statistic under cluster heterogeneity we establish that the cluster-robust t-statistic has a gaussian asymptotic null distribution and develop the effective number of clusters, which scales down the actual number of clusters, as a guide to the behavior of the test statistic. The implications for hypothesis testing in applied work are that the number of clusters, rather than the number of observations, should be reported as the sample size, and the effective number of clu...
• Measuring the Stringency of Land Use Regulation: The Case of China's Building Height Limits AI翻译
  作者：Brueckner, Jan K.; Fu, Shihe; Gu, Yizhen; Zhang, Junfu
  作者单位：University of California System; University of California Irvine; Xiamen University; Jinan University; Clark University
  摘要：This paper develops a new approach for measuring the stringency of a major form of land use regulation, building height restrictions, and applies it to an extraordinary data set of land-lease transactions from China. Our theory shows that the elasticity of land price with respect to the floor area ratio (FAR), a building height indicator, is a measure of the regulation's stringency (the extent to which FAR is kept below the free-market level). Using a national sample, estimation allowing this ...