蝌蚪网

Discrete Choice under Risk with Limited Consideration

By Levon Barseghyan, Francesca Molinari, and Matthew Thirkettle

蝌蚪网 Review, June 2021

This paper is concerned with learning decision-makers' preferences using data on observed choices from a finite set of risky alternatives. We propose a discrete choice model with unobserved heterogeneity in consideration sets and in standard risk aversion...

The Selection of Talent: Experimental and Structural Evidence from Ethiopia

By Girum Abebe, A. Stefano Caria, and Esteban Ortiz-Ospina

蝌蚪网 Review, June 2021

We study how search frictions in the labor market affect firms' ability to recruit talented workers. In a field experiment in Ethiopia, we show that an employer can attract more talented applicants by offering a small monetary incentive for making a job a...

Can Network Theory-Based Targeting Increase Technology Adoption?

By Lori Beaman, Ariel BenYishay, Jeremy Magruder, and Ahmed Mushfiq Mobarak

蝌蚪网 Review, June 2021

Can targeting information to network-central farmers induce more adoption of a new agricultural technology? By combining social network data and a field experiment in 200 villages in Malawi, we find that targeting central farmers is important to spur the ...

Closing the Gap: The Effect of Reducing Complexity and Uncertainty in College Pricing on the Choices of Low-Income Students

By Susan Dynarski, CJ Libassi, Katherine Michelmore, and Stephanie Owen

蝌蚪网 Review, June 2021

High-achieving, low-income students attend selective colleges at far lower rates than upper-income students with similar achievement. Behavioral biases, intensified by complexity and uncertainty in the admissions and aid process, may explain this gap. In ...

Digital Dystopia

By Jean Tirole

蝌蚪网 Review, June 2021

Autocratic regimes, democratic majorities, private platforms, and religious or professional organizations can achieve social control by managing the flow of information about individuals' behavior. Bundling the agents' political, organizational, or religi...

Submissions open for the 2021 TIAA Paul A. Samuelson Award

[News]

May 28, 2021

The submission deadline is September 10, 2021.

News Uncertainty in Brexit United Kingdom

By Renato Faccini and Edoardo Palombo

蝌蚪网 Review: Insights, June 2021

After the Brexit referendum, the behavior of the UK economy defied widespread expectations, as it did not exhibit a V-shaped recession but a slow decline in production. We show that this pattern of propagation arises when uncertainty is about future, rath...

Information Validates the Prior: A Theorem on Bayesian Updating and Applications

By Navin Kartik, Frances Xu Lee, and Wing Suen

蝌蚪网 Review: Insights, June 2021

We develop a result on expected posteriors for Bayesians with heterogenous priors, dubbed information validates the prior (IVP). Under familiar ordering requirements, Anne expects a (Blackwell) more informative experiment to bring Bob's posterior mean clo...

Leaning against the Wind and Crisis Risk

By Moritz Schularick, Lucas ter Steege, and Felix Ward

蝌蚪网 Review: Insights, June 2021

Can central banks defuse rising stability risks in financial booms by leaning against the wind with higher interest rates? This paper studies the state-dependent effects of monetary policy on financial crisis risk. Based on the near-universe of advanced e...

Antitrust Policies and Profitability in Nontradable Sectors

By Timothy Besley, Nicola Fontana, and Nicola Limodio

蝌蚪网 Review: Insights, June 2021

Firms in tradable sectors are more likely to be subject to external competition to limit market power, while nontradable firms are more dependent on domestic policies and institutions. This paper combines an antitrust index available for multiple countrie...

Endogenous Education and Long-Run Factor Shares

By Gene M. Grossman, Elhanan Helpman, Ezra Oberfield, and Thomas Sampson

蝌蚪网 Review: Insights, June 2021

We study the determinants of factor shares in a neoclassical environment with capital-skill complementarity and endogenous education. In this environment estimates of the elasticity of substitution between capital and labor that fail to account for human ...

Front Matter

蝌蚪网 Review: Insights, June 2021

Enforcing Wealth Taxes in the Developing World: Quasi-experimental Evidence from Colombia

By Juliana 尝辞苍诲辞帽辞-痴茅濒别锄 and Javier 脕惫颈濒补-惭补丑别肠丑补

蝌蚪网 Review: Insights, June 2021

This paper investigates the feasibility of wealth taxation in developing countries. It uses rich administrative data from Colombia and leverages a government-designed program for voluntary disclosures of hidden wealth as well as the threat of detection tr...

Unemployment Insurance Generosity and Aggregate Employment

By Christopher Boone, Arindrajit Dube, Lucas Goodman, and Ethan Kaplan

蝌蚪网 Journal: Economic Policy, May 2021

This paper examines the impact of unemployment insurance (UI ) on aggregate employment by exploiting cross-state variation in the maximum benefit duration during the Great Recession. Comparing adjacent counties located in neighboring states, there is no s...

An Experiment in Candidate Selection

By Katherine Casey, Abou Bakarr Kamara, and Niccol贸 F. Meriggi

蝌蚪网 Review, May 2021

Are ordinary citizens or political party leaders better positioned to select candidates? While the American primary system lets citizens choose, most democracies rely instead on party officials to appoint or nominate candidates. The consequences of these ...

Signaling Candidate Survey

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Signaling Employer Survey

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Boosting health coverage with better information

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Why do ACA insurance exchanges have such low take-up rates?

Welfare generosity and work

[Research Highlight]

May 28, 2021

How much does extending unemployment insurance affect employment?

On the Finding of an Equilibrium: Du虉ppe鈥揥eintraub and the Problem of Scientific Credit

By M. Ali Khan

Journal of Economic Literature, June 2021

In this review article, I read a book that revolves around two papers published in 1954, one by Lionel McKenzie, and the other by Kenneth Arrow and G茅rard Debreu鈥擳ill Du虉ppe and E. Roy Weintraub's Finding Equilibrium: Arrow, Debreu, McKenzie and...