蝌蚪网

Immigration Enforcement and Crime

By Paolo Pinotti

蝌蚪网 Review, May 2015

Immigration enforcement has ambiguous implications for the crime rate of undocumented immigrants. On the one hand, expulsions reduce the pool of immigrants at risk of committing crimes, on the other they lower the opportunity cost of crime for those who a...

Consumer Prices, the Consumer Price Index, and the Cost of Living

[Symposium: Measuring the CPI]

By Michael J. Boskin, Ellen L. Dulberger, Robert J. Gordon, Zvi Griliches, and Dale W. Jorgenson

Journal of Economic Perspectives, Winter 1998

After presenting major findings and recommendations, the CPI Commission reiterates the estimate of a 1.1 percentage point per annum upward bias. It rejects the contention that the BLS already makes substantial corrections for quality change; that quality ...

Noisy News in Business Cycles

By Mario Forni, Luca Gambetti, Marco Lippi, and Luca Sala

蝌蚪网 Journal: Macroeconomics, October 2017

We investigate the role of "noise" shocks as a source of business cycle fluctuations. To do so we set up a simple model of imperfect information and derive restrictions for identifying the noise shock in a VAR model. The novelty of our approach is that id...

Estimating the Impact of Microcredit on Those Who Take It Up: Evidence from a Randomized Experiment in Morocco

By Bruno 颁谤茅辫辞苍, Florencia Devoto, Esther Duflo, and William 笔补谤颈别苍迟茅

蝌蚪网 Journal: Applied Economics, January 2015

We report results from a randomized evaluation of a microcredit program introduced in rural areas of Morocco in 2006. Thirteen percent of the households in treatment villages took a loan, and none in control villages did. Among households identified as mo...

Economic Integration and Political Disintegration

By Alberto Alesina, Enrico Spolaore, and Romain Wacziarg

蝌蚪网 Review, December 2000

In a world of trade restrictions, large countries enjoy economic benefits, because political boundaries determine the size of the market. Under free trade and global markets even relatively small cultural, linguistic or ethnic groups can benefit from form...

The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown

By Niels Johannesen and Gabriel Zucman

蝌蚪网 Journal: Economic Policy, February 2014

During the financial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy. Exploiting a unique panel dataset, ou...

Equilibrium Fictions: A Cognitive Approach to Societal Rigidity

By Karla Hoff and Joseph E. Stiglitz

蝌蚪网 Review, May 2010

Telecommunications Infrastructure and Economic Development: A Simultaneous Approach

By Lars-Hendrik Roller and Leonard Waverman

蝌蚪网 Review, September 2001

In this paper we investigate how telecommunications infrastructure affects economic growth. We use evidence from 21 OECD countries over a 20-year period to examine the impacts that telecommunications developments may have had. We jointly estimate a microm...

Aggregation and the PPP Puzzle in a Sticky-Price Model

By Carlos Carvalho and Fernanda Nechio

蝌蚪网 Review, October 2011

We study the purchasing power parity (PPP) puzzle in a multisector, two-country, sticky-price model. Sectors differ in the extent of price stickiness, leading to heterogeneous sectoral real exchange rate dynamics. Deviations from PPP are more volatile and...

Hazardous Waste Cleanup, Neighborhood Gentrification, and Environmental Justice: Evidence from Restricted Access Census Block Data

By Shanti Gamper-Rabindran and Christopher Timmins

蝌蚪网 Review, May 2011

We test for residential sorting and changes in neighborhood characteristics in response to the cleanup of hazardous waste sites using restricted access fine-geographical-resolution block data. We examine changes between 1990 and 2000 in blocks within 5km ...

Inequality and Economic Growth: The Perspective of the New Growth Theories

By Philippe Aghion, Eve Caroli, and Cecilia Garcia-Penalosa

Journal of Economic Literature, December 1999

We analyze the relationship between inequality and economic growth from two directions. The first part of the survey examines the effect of inequality on growth, showing that when capital markets are imperfect, there is not necessarily a trade-off between...

Classroom Games: Trading in a Pit Market

By Charles A. Holt

Journal of Economic Perspectives, Winter 1996

This paper describes a classroom exercise that resembles trading in the 'pit' of some financial and futures markets. Playing cards are used to induce supply and demand functions. Instructions and helpful hints are provided. The exercise facilitates an und...

News Shocks and the Slope of the Term Structure of Interest Rates: Comment

By Danilo Cascaldi-Garcia

蝌蚪网 Review, October 2017

Kurmann and Otrok (2013) establish that the effects on economic activity from news on future productivity growth are similar to the effects from unexpected changes in the slope of the yield curve. This comment shows that these results become substantially...

Ten Little Treasures of Game Theory and Ten Intuitive Contradictions

By Jacob K. Goeree and Charles A. Holt

蝌蚪网 Review, December 2001

This paper reports laboratory data for games that are played only once. These games span the standard categories: static and dynamic games with complete and incomplete information. For each game, the treasure is a treatment in which behavior conforms nice...

Infrastructure Quality and the Subsidy Trap

By Shaun McRae

蝌蚪网 Review, January 2015

Electricity and water are often subsidized in developing countries to increase their affordability for low-income households. Ideally, such subsidies would create sufficient demand in poor neighborhoods to encourage private investment in their infrastruct...

Incentives and Prosocial Behavior

By Roland 叠茅苍补产辞耻 and Jean Tirole

蝌蚪网 Review, December 2006

We develop a theory of prosocial behavior that combines heterogeneity in individual altruism and greed with concerns for social reputation or self-respect. Rewards or punishments (whether material or image-related) create doubt about the true motive fo...

Heuristics and Heterogeneity in Health Insurance Exchanges: Evidence from the Massachusetts Connector

By Keith Marzilli Ericson and Amanda Starc

蝌蚪网 Review, May 2012

We examine heuristic decision rules in consumer choice on health insurance exchanges using data from the Massachusetts Connector. Consumers may have difficulty making optimal choices in a complex environment. The heuristic "choose the cheapest plan" is s...

Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment

By Gary E. Bolton and Axel Ockenfels

蝌蚪网 Review, December 2006

Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on US Electric Generation Efficiency

By Kira R. Fabrizio, Nancy L. Rose, and Catherine D. Wolfram

蝌蚪网 Review, September 2007

While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to marketoriented ...

Converging to American: Healthy Immigrant Effect in Children of Immigrants

By 惭贸苍颈肠补 骋补谤肠铆补-笔茅谤别锄

蝌蚪网 Review, May 2016

We analyze children of immigrants' healthy immigrant effect using parental year of arrival and region of birth. Using data from Integrated National Health Interview Survey 2008-2014, we evaluate children of immigrants' health status by using obesity rates...