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Room to grow

[Research Highlight]

July 16, 2020

Are social insurance mandates holding back entrepreneurs?

Does Mandating Social Insurance Affect Entrepreneurial Activity?

By Youssef Benzarti, Jarkko Harju, and Tuomas Matikka

蝌蚪网 Review: Insights, June 2020

This paper estimates the effect of relaxing the social insurance mandate on entrepreneurial activity using rich administrative data from Finland. We find that relaxing the social insurance mandate leads entrepreneurs to reduce their contributions by 16 pe...

Managing the national debt

[Page]

What type of bonds should governments issue?

Fenced Out: The Impact of Border Construction on US-Mexico Migration

By Benjamin Feigenberg

蝌蚪网 Journal: Applied Economics, July 2020

This paper estimates the impact of the US-Mexico border fence on US-Mexico migration by exploiting variation in the timing and location of US government investment in fence construction. Using Mexican survey data and data I collected on fence construction...

Building barriers

[Research Highlight]

July 15, 2020

Benjamin Feigenberg discusses the effectiveness of border walls on deterring migration.

2020 PCAOB-ERA Conference on Auditing and Capital Markets Call for Papers

[News]

July 20, 2020

Conference to be held virtually on October 29-30, 2020.

Front Matter

蝌蚪网 Journal: Microeconomics, August 2020

Imitation Perfection鈥擜 Simple Rule to Prevent Discrimination in Procurement

By Helene Mass, Nicolas Fugger, Vitali Gretschko, and Achim Wambach

蝌蚪网 Journal: Microeconomics, August 2020

Procurement regulation aimed at curbing discrimination requires equal treatment of sellers. However, Deb and Pai (2017) show that such regulation imposes virtually no restrictions on the ability to discriminate. We propose a simple rule鈥攊mitation perfec...

Pricing Network Effects: Competition

By Itay P. Fainmesser and Andrea Galeotti

蝌蚪网 Journal: Microeconomics, August 2020

We study the practice of influencer marketing in oligopoly markets and its effect on market efficiency. In our model, each consumer is influenced by choices of a subset of other consumers. Firms gather information on consumers' influence and price discrim...

Image versus Information: Changing Societal Norms and Optimal Privacy

By S. Nageeb Ali and Roland 叠茅苍补产辞耻

蝌蚪网 Journal: Microeconomics, August 2020

We analyze the costs and benefits of using social image to foster desirable behaviors. Each agent acts based on his intrinsic motivation, private assessment of the public good, and reputational concern for appearing prosocial. A Principal sets the general...

Revealed Preference Analysis with Normal Goods: Application to Cost-of-Living Indices

By Laurens Cherchye, Thomas Demuynck, Bram De Rock, and Khushboo Surana

蝌蚪网 Journal: Microeconomics, August 2020

We present a revealed preference methodology for nonparametric demand analysis under the assumption of normal goods. Our methodology is flexible in that it allows for imposing normality on any subset of goods. We show the usefulness of our methodology for...

Voting and Contributing When the Group Is Watching

By Emeric Henry and Charles Louis-Sidois

蝌蚪网 Journal: Microeconomics, August 2020

Members of groups and organizations often have to decide on rules that regulate their contributions to common tasks. They typically differ in their propensity to contribute and often care about the image they project; in particular, they want to be percei...

Matching in Networks with Bilateral Contracts: Corrigendum

By John William Hatfield, Ravi Jagadeesan, and Scott Duke Kominers

蝌蚪网 Journal: Microeconomics, August 2020

Hatfield and Kominers (2012) introduced a model of matching in networks with bilateral contracts and showed that stable outcomes exist in supply chains when firms' preferences over contracts are fully substitutable. Hatfield and Kominers (2012) also asser...

Land Reform and Productivity: A Quantitative Analysis with Micro Data

By Tasso Adamopoulos and Diego Restuccia

蝌蚪网 Journal: Macroeconomics, July 2020

We assess the effects of a major land policy change on farm size and agricultural productivity using a quantitative model and micro-level data. We study the 1988 land reform in the Philippines that imposed a ceiling on land holdings, redistributed above...

Balancing land reform and productivity

[Research Highlight]

July 24, 2020

The Philippines redistributed over 6 million hectares of land. But it came with some unintended costs.

Front Matter

蝌蚪网 Review, August 2020

Multidimensional Skills, Sorting, and Human Capital Accumulation

By Jeremy Lise and Fabien Postel-Vinay

蝌蚪网 Review, August 2020

We construct a structural model of on-the-job search in which workers differ in skills along several dimensions and sort themselves into jobs with heterogeneous skill requirements along those same dimensions. Skills are accumulated when used, and deprecia...

A Behavioral New Keynesian Model

By Xavier Gabaix

蝌蚪网 Review, August 2020

This paper analyzes how bounded rationality affects monetary and fiscal policy via an empirically relevant enrichment of the New Keynesian model. It models agents' partial myopia toward distant atypical events using a new microfounded "cognitive discounti...

Using Aggregated Relational Data to Feasibly Identify Network Structure without Network Data

By Emily Breza, Arun G. Chandrasekhar, Tyler H. McCormick, and Mengjie Pan

蝌蚪网 Review, August 2020

Social network data are often prohibitively expensive to collect, limiting empirical network research. We propose an inexpensive and feasible strategy for network elicitation using Aggregated Relational Data (ARD): responses to questions of the form "how ...

Long-Run Growth of Financial Data Technology

By Maryam Farboodi and Laura Veldkamp

蝌蚪网 Review, August 2020

"Big data" financial technology raises concerns about market inefficiency. A common concern is that the technology might induce traders to extract others' information, rather than to produce information themselves. We allow agents to choose how much they ...