蝌蚪网

The Effect of Access to College Assessments on Enrollment and Attainment

By George Bulman

蝌蚪网 Journal: Applied Economics, October 2015

This paper examines if students' college outcomes are sensitive to access to college admissions tests. I construct a dataset of every test center location and district policy in the United States linked to the universe of individual testing records and...

The Economic Crisis from a Neoclassical Perspective

[Symposium: Macroeconomics after the Financial Crisis]

By Lee E. Ohanian

Journal of Economic Perspectives, Fall 2010

This paper assesses the 2007-2009 recession using neoclassical business cycle theory. I find that the 2007-2009 U.S. recession differs substantially from other postwar U.S. recessions, and also from the 2008 recession in other countries, in that lower lab...

Performance Pay and Productivity

By Edward P. Lazear

蝌蚪网 Review, December 2000

Much of the theory in personnel economics relates to effects of monetary incentives on output, but the theory was untested because appropriate data were unavailable. A new data set for the Safelite Glass Corporation tests the predictions that average prod...

Violent Conflict and Behavior: A Field Experiment in Burundi

By Maarten J. Voors, Eleonora E. M. Nillesen, Philip Verwimp, Erwin H. Bulte, Robert Lensink, and Daan P. Van Soest

蝌蚪网 Review, April 2012

We use a series of field experiments in rural Burundi to examine the impact of exposure to conflict on social, risk, and time preferences. We find that conflict affects behavior: individuals exposed to violence display more altruistic behavior towards the...

A Search and Matching Approach to Labor Markets: Did the Natural Rate of Unemployment Rise?

[Symposium: Labor Markets and Unemployment]

By Mary C. Daly, Bart Hobijn, 础测艧别驳眉濒 舰补丑颈苍, and Robert G. Valletta

Journal of Economic Perspectives, Summer 2012

The U.S. unemployment rate has remained stubbornly high since the 2007-2009 recession, leading some observers to conclude that structural rather than cyclical factors are to blame. Relying on a standard job search and matching framework and empirical evid...

Soap Operas and Fertility: Evidence from Brazil

By Eliana La Ferrara, Alberto Chong, and Suzanne Duryea

蝌蚪网 Journal: Applied Economics, October 2012

We estimate the effect of television on fertility in Brazil, where soap operas portray small families. We exploit differences in the timing of entry into different markets of Globo, the main novela producer. Women living in areas covered by Globo have sig...

Corrigendum: Sex Selection and Gender Balance

By V. Bhaskar

蝌蚪网 Journal: Microeconomics, May 2011

Prize Structure and Information in Tournaments: Experimental Evidence

By Richard B. Freeman and Alexander M. Gelber

蝌蚪网 Journal: Applied Economics, January 2010

This paper examines behavior in a tournament in which we vary the tournament prize structure and the available information about participants' skill at the task of solving mazes. The number of solved mazes is lowest when payments are independent of per...

Holdout in the Assembly of Complements: A Problem for Market Design

By Scott Duke Kominers and E. Glen Weyl

蝌蚪网 Review, May 2012

Holdout problems prevent private (voluntary and self-financing) assembly of complementary goods—such as land or dispersed spectrum—from many self-interested sellers. While mechanisms that fully respect sellers' property rights cannot alleviate...

Credit Constraints and Self-Fulfilling Business Cycles

By Zheng Liu and Pengfei Wang

蝌蚪网 Journal: Macroeconomics, January 2014

We argue that credit constraints not only amplify fundamental shocks, they can also lead to self-fulfilling business cycles. We study a model with heterogeneous firms, in which imperfect contract enforcement implies that productive firms face binding c...

Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy

By Mark Gertler and Nobuhiro Kiyotaki

蝌蚪网 Review, July 2015

We develop an infinite horizon macroeconomic model of banking that allows for liquidity mismatch and bank runs. Whether a bank run equilibrium exists depends on bank balance sheets and an endogenous liquidation price for bank assets. While in normal times...

Report Cards: The Impact of Providing School and Child Test Scores on Educational Markets

By Tahir Andrabi, Jishnu Das, and Asim Ijaz Khwaja

蝌蚪网 Review, June 2017

We study the impact of providing school report cards with test scores on subsequent test scores, prices, and enrollment in markets with multiple public and private providers. A randomly selected half of our sample villages (markets) received report cards....

Understanding the Mechanisms through Which an Influential Early Childhood Program Boosted Adult Outcomes

By James Heckman, Rodrigo Pinto, and Peter Savelyev

蝌蚪网 Review, October 2013

A growing literature establishes that high quality early childhood interventions targeted toward disadvantaged children have substantial impacts on later life outcomes. Little is known about the mechanisms producing these impacts. This paper uses longi...

The Role of Labor Market Intermittency in Explaining Gender Wage Differentials

By Julie L. Hotchkiss and M. Melinda Pitts

蝌蚪网 Review, May 2007

Information Technology and Growth

By Dale W. Jorgenson and Kevin J. Stiroh

蝌蚪网 Review, May 1999

The Economic Cost of Global Fuel Subsidies

By Lucas W. Davis

蝌蚪网 Review, May 2014

By 2015, global oil consumption will reach 90 million barrels per day. In part, this high level of consumption reflects the fact that many countries provide subsidies for gasoline and diesel. This paper examines global fuel subsidies using the latest avai...

Sovereign Debt Booms in Monetary Unions

By Mark Aguiar, Manuel Amador, Emmanuel Farhi, and Gita Gopinath

蝌蚪网 Review, May 2014

We propose a continuous time model to investigate the impact of inflation credibility on sovereign debt dynamics. At every point in time, an impatient government decides fiscal surplus and inflation, without commitment. Inflation is costly, but reduces th...

Economic Interpretations of Intergenerational Correlations

[Symposium: Intergenerational Mobility]

By Nathan D. Grawe and Casey B. Mulligan

Journal of Economic Perspectives, Summer 2002

Since accurate prediction ultimately determines the usefulness of theory, our paper gives the reader a taste of some predictions derived from economic theory and some empirical successes and failures. We provide only a taste, because there are a great man...

Fat Tails and the Social Cost of Carbon

By Martin L. Weitzman

蝌蚪网 Review, May 2014

At high enough greenhouse gas concentrations, climate change might conceivably cause catastrophic damages with small but non-negligible probabilities. If the bad tail of climate damages is sufficiently fat, and if the coefficient of relative risk aversion...

The Arbitrage Principle in Financial Economics

[Symposium: Arbitrage]

By Hal R. Varian

Journal of Economic Perspectives, Fall 1987

The importance of arbitrage conditions in financial economics has been recognized since Modigliani and Miller's classic work on the financial structure of the firm. They showed that if a firm could change its market value by purely financial operations su...