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作者：Toivanen, Otto; Vaananen, Lotta
作者单位：KU Leuven
摘要：A key input to inventive activity is human capital. Hence, it is important to understand the monetary incentives of inventors. We estimate the effect of patented inventions on individual earnings by linking data on U.S. patents and their inventors to Finnish employer-employee data. Returns are heterogeneous: inventors get a temporary reward of 3% of annual earnings for a patent grant and for highly cited patents a longer-lasting premium of 30% in earnings three years later. Similar medium-term...
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作者：Belot, Michele; Bhaskar, V.; van de Ven, Jeroen
作者单位：University of Oxford; University of London; University College London; University of Amsterdam
摘要：We investigate whether experimental subjects can predict behavior in a prisoner's dilemma played on a TV show. Subjects report probabilistic beliefs that a player cooperates, before and after the players communicate. Subjects correctly predict that women and players who make a voluntary promise are more likely to cooperate. They are able to distinguish truth from lies when a player is asked about her intentions by the host. Subjects are to some extent able to predict behavior; their beliefs ar...
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作者：Lugauer, Steven
作者单位：University of Notre Dame
摘要：I exploit the variation in demographic change across the United States to estimate the relationship between the age distribution in the population and the magnitude of cyclical output volatility. According to panel regression estimates, the relative supply of young workers, or youth share, has a statistically significant effect on the volatility of state-by-state GDP. Moreover, changes to the age distribution can account for up to 58% of the recent reduction in business cycle fluctuations, ind...
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作者：Chotikapanich, Duangkamon; Griffiths, William E.; Rao, D. S. Prasada; Valencia, Vicar
作者单位：Monash University; University of Melbourne; University of Queensland; Rochester Institute of Technology
摘要：Using a method-of-moments estimator, flexible three-parameter beta distributions are fitted to aggregate country-level income data to overcome an untenable assumption of previous studies that persons within each income group receive the same income. Regional and global income distributions are derived as weighted mixtures of country-specific distributions. Analytical expressions for Gini and Theil's measures of inequality at country, regional, and global levels are derived in terms of the para...
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作者：Rosenthal, Stuart S.; Strange, William C.
作者单位：Syracuse University; University of Toronto
摘要：Female entrepreneurs may be less networked than their male counterparts and so derive less benefit from agglomeration. They may also have greater domestic burdens and therefore have higher commuting costs. This paper develops a theoretical model showing that either of these forces can lead to the segregation of male- and female-owned businesses, with female entrepreneurs choosing locations farther from agglomerations and commuting shorter distances. Empirical analysis is consistent with these ...
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作者：Wang, Shing-Yi
作者单位：New York University
摘要：This paper provides new evidence on the impact of private property rights and employer-provided housing on entrepreneurship. I find an increase in self-employment following a reform in urban China that allowed state employees who were renting state-owned housing the opportunity to buy their homes at subsidized prices. I develop a model of job choice to test two mechanisms that might explain how the reform increased entrepreneurship. I find evidence that the reform reduced labor mobility costs ...
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作者：Hottenrott, Hanna; Peters, Bettina
作者单位：KU Leuven; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Zurich
摘要：This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of an ideal test (Hall, 2008). Firms were offered a hypothetical payment and asked to choose between alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing, but also to firms...
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作者：Manacorda, Marco
摘要：This paper uses administrative longitudinal microdata on junior high school students in Uruguay to measure the effect of grade failure on students' subsequent school outcomes. Exploiting the discontinuity induced by a rule establishing automatic grade failure for pupils with more than three failed subjects, I show that grade failure leads to substantial dropout and lower educational attainment even four to five years after grade failure occurred.
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作者：Brambilla, Irene; Porto, Guido; Tarozzi, Alessandro
作者单位：National University of La Plata; Pompeu Fabra University
摘要：In 2003, after claims of dumping, the United States imposed heavy tariffs on Vietnamese catfish, which led to a collapse of imports. We use panel data to explore household responses in the catfish-producing Mekong delta between 2002 and 2004 and find that income growth was significantly slower among households relatively more involved in catfish farming in 2002. This is explained by a relative decline in both catfish income and revenues from other miscellaneous farm activities. Labor supply di...
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作者：Evans, William N.; Moore, Timothy J.
作者单位：University of Notre Dame; University System of Maryland; University of Maryland College Park
摘要：We document a within-month mortality cycle where deaths decline before the first day of the month and spike after the first. This cycle is present across a wide variety of causes and demographic groups. A similar cycle exists for a range of economic activities, suggesting the mortality cycle may be due to short-term variation in levels of economic activity. We provide evidence that the within-month activity cycle is generated by liquidity. Our results suggest a causal pathway whereby liquidity...
