蝌蚪网

2023 in Featured Charts

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Economists addressed issues related to immigration, social identity, infrastructure costs, and more.

Estimating the Distaste for Price Gouging with Incentivized Consumer Reports

By Justin Holz, Rafael 闯颈尘茅苍别锄-顿耻谤谩苍, and Eduardo 尝补驳耻苍补-惭耻虉驳驳别苍产耻谤驳

蝌蚪网 Journal: Applied Economics, January 2024

Thirty-four states prohibit price increases during emergencies, and individuals take costly actions to report violators. We measure experimentally the willingness to pay to report sellers who increase prices of personal protective equipment. Over 75 perce...

蝌蚪网STAT: 2024 Annual Meeting

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Sessions for 蝌蚪网 Committee on Economic Statistics, 2024 ASSA meetings

Front Matter

蝌蚪网 Review, January 2024

Market Power and Innovation in the Intangible Economy

By Maarten De Ridder

蝌蚪网 Review, January 2024

This paper offers a unified explanation for the slowdown of productivity growth, the decline in business dynamism, and the rise of market power. Using a quantitative framework, I show that the rise of intangible inputs, such as software, can explain these...

The Economic Impact of Depression Treatment in India: Evidence from Community-Based Provision of Pharmacotherapy

By Manuela Angelucci and Daniel Bennett

蝌蚪网 Review, January 2024

This study evaluates the impact of depression treatment on economic behavior in Karnataka, India. We cross-randomize pharmacotherapy and livelihoods assistance among 1,000 depressed adults and evaluate impacts on depression severity, socioeconomic outcome...

Disentangling Moral Hazard and Adverse Selection

By Henrique Castro-Pires, Hector Chade, and Jeroen Swinkels

蝌蚪网 Review, January 2024

While many real-world principal-agent problems have both moral hazard and adverse selection, existing tools largely analyze only one at a time. Do the insights from the separate analyses survive when the frictions are combined? We develop a simple method�...

Propagation and Insurance in Village Networks

By Cynthia Kinnan, Krislert Samphantharak, Robert Townsend, and Diego Vera-Cossio

蝌蚪网 Review, January 2024

Firms in developing countries are embedded in supply chains and labor networks. These linkages may propagate or attenuate shocks. Using panel data from Thai villages, we document three facts: as households facing idiosyncratic shocks adjust their producti...

Universal Basic Income: A Dynamic Assessment

By Diego Daruich and Raquel 贵别谤苍谩苍诲别锄

蝌蚪网 Review, January 2024

Universal basic income (UBI) is an increasingly popular policy proposal, but there is no evidence regarding its longer-term consequences. We find that UBI generates large welfare losses in a general equilibrium model with imperfect capital markets, labor ...

Retirement Consumption and Pension Design

By Jonas Kolsrud, Camille Landais, Daniel Reck, and Johannes Spinnewijn

蝌蚪网 Review, January 2024

This paper analyzes consumption to evaluate the distributional effects of pension reforms. Using Swedish administrative data, we show that on average, workers who retire earlier consume less while retired and experience larger drops in consumption around ...

The Ends of 27 Big Depressions

By Martin Ellison, Sang Seok Lee, and Kevin Hjortsh酶j O'Rourke

蝌蚪网 Review, January 2024

How did countries recover from the Great Depression? In this paper, we explore the argument that leaving the gold standard helped by boosting inflationary expectations, lowering real interest rates, and stimulating interest-sensitive expenditures. We do s...

Competing to Commit: Markets with Rational Inattention

By Carlo M. Cusumano, Francesco Fabbri, and Ferdinand Pieroth

蝌蚪网 Review, January 2024

Two homogeneous-good firms compete for a consumer's unitary demand. The consumer is rationally inattentive and pays entropy costs to process information about firms' offers. Compared to a collusion benchmark, competition produces two effects. As in standa...

Front Matter

蝌蚪网 Journal: Macroeconomics, January 2024

Wage Rigidity and Employment Outcomes: Evidence from Administrative Data

By Gabriel Ehrlich and Joshua Montes

蝌蚪网 Journal: Macroeconomics, January 2024

This paper examines the relationship between downward nominal wage rigidity and employment outcomes using linked employer-employee data. Wage rigidity prevents 27.1 percent of counterfactual wage cuts, with a standard deviation of 19.2 percent across esta...

Government Borrowing and Crowding Out

By Yasin K眉r艧at 脰苍诲别谤, Sara Restrepo-Tamayo, Maria Alejandra Ruiz-Sanchez, and Mauricio Villamizar-Villegas

蝌蚪网 Journal: Macroeconomics, January 2024

We investigate the impact of fiscal expansions on firm investment by exploiting firms with multiple banking relationships. Further, we conduct a localized approach and compare the lending behavior of banks that barely met and missed the criteria of being ...

Innovation-Led Transitions in Energy Supply

By Derek Lemoine

蝌蚪网 Journal: Macroeconomics, January 2024

Generalizing models of directed technical change, I show that complementarities between innovations and factors of production (here, energy resources) can drive transitions away from a dominant sector. In a calibrated numerical implementation, the economy...

Homeownership and Portfolio Choice over the Generations

By Gonzalo Paz-Pardo

蝌蚪网 Journal: Macroeconomics, January 2024

Earnings are riskier and more unequal for households born in the 1960s and 1980s than for those born in the 1940s. Despite improvements in financial conditions, younger generations are less likely to be living in their own homes than older generations at ...

A Congestion Theory of Unemployment Fluctuations

By Yusuf Mercan, Benjamin Schoefer, and Petr 厂别诲濒谩膷别办

蝌蚪网 Journal: Macroeconomics, January 2024

We propose a theory of unemployment fluctuations in which new hires and incumbent workers are imperfect substitutes. Hence, attempts to hire away the unemployed during recessions diminish the marginal product of new hires, discouraging job creation. This ...

The Impact of Extending Employment Protection to Agency Workers on Firms

By Alejandro Micco and Pablo 惭耻帽辞锄

蝌蚪网 Journal: Macroeconomics, January 2024

We study the impact of a reform that extended employment protection to temporary agency workers. Using a difference-in-difference research design, we show that plants more exposed to the regulation experienced a decrease in revenues and total employment, ...

Firms' Precautionary Savings and Employment during a Credit Crisis

By Davide Melcangi

蝌蚪网 Journal: Macroeconomics, January 2024

Can the macroeconomic effects of credit supply shocks be large even when a small share of firms is credit constrained? I use UK firm-level accounting data to discipline a heterogeneous-firm model where the interaction between real and financial frictions ...