-
作者：Miravete, Eugenio J.; Palacios-Huerta, Ignacio
作者单位：University of Texas System; University of Texas Austin; Center for Economic & Policy Research (CEPR); University of London; London School Economics & Political Science; Basque Foundation for Science
摘要：Understanding when and how individuals think about real-life problems is a central question in economics. This paper studies the role of inertia (inattention), state dependence, and learning. The empirical setting is a tariff experiment, when optional measured tariffs for local telephone calls were introduced unanticipatedly. We find that consumers tend to align their choices of tariff and telephone use levels correctly. Despite low potential savings, mistakes are not permanent, as individuals...
-
作者：Voigtlaender, Nico
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：This paper presents a novel stylized fact and analyzes its contribution to the skill bias of technical change in U. S. manufacturing. The share of skilled labor embedded in intermediate inputs correlates strongly with the skill share employed in final production. This finding points toward an intersectoral technology-skill complementarity (ITSC). Together with input-output linkages, the observed complementarity delivers a multiplier that reinforces skill demand along the production chain. Redu...
-
作者：Mansour, Hani; McKinnish, Terra
作者单位：University of Colorado System; University of Colorado Anschutz Medical Campus; University of Colorado Denver; Children's Hospital Colorado; IZA Institute Labor Economics; University of Colorado System; University of Colorado Boulder
摘要：In direct contrast to conventional wisdom and most economic models of marital age gaps, we present robust evidence that men and women who are married to differently aged spouses are negatively selected. Empirical results show lower cognitive ability, lower educational attainment, lower occupational wages, lower earnings, and less attractive appearance among those married to a differently aged spouse. These results, obtained using samples of first marriages and controlling for age of marriage, ...
-
作者：Wen, Jean-Francois; Gordon, Daniel V.
作者单位：University of Calgary; Universitetet i Stavanger
摘要：Do progressive marginal income tax rates discourage self-employment? We assume risk neutrality to construct an implicit surtax on stochastic income relative to steady income, arising from a convex tax schedule. It is computed as part of a structural probit model with earnings equations and a tax simulator. The tax convexity variable and the net-of-tax income difference between self-and paid employment have the predicted signs and high levels of statistical significance for the probability of s...
-
作者：Fruehwirth, Jane Cooley
作者单位：University of Cambridge
摘要：Empirical studies of peer effects rely on the assumption that peer spillovers can be measured through observables. However, in the education context, many theories of peer spillovers center around unobservables, such as ability, effort, or motivation. I show that when peer effects arise from unobservables, the typical empirical specifications will not measure these effects accurately, which may help explain differences in the magnitude and even sign of peer effect estimates across studies. I a...
