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作者：Halla, Martin; Wagner, Alexander F.; Zweimuller, Josef
作者单位：University of Innsbruck; Swiss Finance Institute (SFI); University of Zurich; University of Zurich
摘要：Does the presence of immigrants in one's neighborhood affect voting for far right-wing parties? We study the case of the Freedom Party of Austria (FPA-) that, under the leadership of Jorg Haider, increased its vote share from less than 5% in the early 1980s to 27% by the end of the 1990s and continued to attract more than 20% of voters in the 2013 national election. We find that the inflow of immigrants into a community has a significant impact on the increase in the community's voting share f...
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作者：Fuchs, Andreas; Gehring, Kai
作者单位：Ruprecht Karls University Heidelberg; Ruprecht Karls University Heidelberg; University of Zurich; University of Gottingen
摘要：Using data on 143 sovereigns provided by nine agencies based in six countries, we estimate the determinants of sovereign ratings to test whether agencies assign higher ratings to their respective home countries, as well as to economically, geopolitically, and culturally aligned countries. Our regression results show that the respective home country, culturally more similar countries, and countries to which home-country banks have a larger risk exposure receive higher ratings than justified by ...
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作者：d'Adda, Giovanna; Darai, Donja; Pavanini, Nicola; Weber, Roberto A.
作者单位：Polytechnic University of Milan; University of Zurich
摘要：We study whether leaders influence the unethical conduct of followers. To avoid selection issues present in natural environments, we use an experiment in which we create simple laboratory firms and assign leadership roles at random. In our first experiment, firms engage in competition and unethical behavior enhances firm earnings but produces a negative externality for all firms. We vary, by treatment, two instruments through which leaders can influence follower conduct-prominent statements to...
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作者：Ely, Jeffrey C.; Garrett, Daniel F.; Hinnosaar, Toomas
作者单位：Northwestern University; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite de Toulouse; Universite Toulouse 1 Capitole; Collegio Carlo Alberto
摘要：We consider optimal pricing policies for airlines when passengers are uncertain at the time of ticketing of their eventual willingness to pay for air travel. Auctions at the time of departure efficiently allocate space and a profit maximizing airline can capitalize on these gains by overbooking flights and repurchasing excess tickets from those passengers whose realized value is low. Nevertheless profit maximization entails distortions away from the efficient allocation. Under regularity condi...
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作者：Bradley, Jake; Postel-Vinay, Fabien; Turon, Helene
作者单位：University of Cambridge; University of London; University College London; University of Bristol
摘要：We develop and estimate a structural model that incorporates a sizeable public sector in a labor market with search frictions. The wage distribution and the employment rate in the public sector are taken as exogenous policy parameters. Overall wage distribution and employment rate are determined within the model, taking into account the private sector's endogenous response to public sector employment policies. Job turnover is sector specific and transitions between sectors depend on the worker...
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作者：Setty, Ofer
作者单位：Tel Aviv University
摘要：Unemployment accounts are mandatory individual savings accounts that can be used only during unemployment or retirement. Unlike unemployment insurance, unemployment accounts solve the moral hazard problem but provide no public insurance to workers. I study a hybrid system that borrows from concepts of both unemployment insurance and unemployment accounts, in which workers are mandated to save when employed and can withdraw from the account when unemployed. Once the account is exhausted, the un...
