Adjustment Costs and Factor Demand: New Evidence from Firms’ Real Estate
AbstractWe study corporate real estate frictions and their effect on firm dynamics and labour demand. We build and simulate a general equilibrium model with heterogeneous firms that predicts the...
View ArticleSibling Spillovers
AbstractIt is notoriously difficult to identify peer effects within the family. Using administrative data on children from both Florida and Denmark, the paper examines the effects of having a disabled...
View ArticleThe Effect of Fertility on Mothers’ Labor Supply over the Last Two Centuries
AbstractUsing a compiled data set of 441 censuses and surveys from between 1787 and 2015, representing 103 countries and 51.4 million mothers, we find that: (i) the effect of fertility on labour supply...
View ArticlePseudo-wealth and Consumption Fluctuations
AbstractThis paper provides an explanation for situations in which the fundamental state variables describing the economy do not change, but aggregate consumption experiences significant changes. We...
View ArticleWealth in Spain 1900–2017 A Country of Two Lands
AbstractThis study reconstructs Spain’s national wealth from 1900 to 2017. By combining new sources with existing accounts, we estimate the wealth of both private and government sectors and use a new...
View ArticleCorrigendum to: China's Sex Ratio and Crime: Behavioural Change or Financial...
Originally published in Economic Journal, 129 Issue 618 (February), 790–820. https://doi.org/10.1111/ecoj.12561
View ArticlePrices of Peers: Identifying Endogenous Price Effects in the Housing Market
AbstractThe paper identifies neighbourhood price spillovers in the housing market. Although this concept has attracted some theoretical research and is strongly supported by practitioners, it has...
View ArticleLabour Share and Productivity Dynamics
AbstractWe pose technology shocks where the innovation is biased towards more recently installed plants. On one extreme, the shock is like a neutral technological shock, while on the other end it...
View ArticleDigging Into the Channels of Bunching: Evidence from the Uruguayan Income Tax
AbstractBased on detailed administrative tax records, we implement a bunching design to explore how individual taxpayers respond to personal income taxation in Uruguay. We estimate a very modest...
View ArticleBureaucrat Allocation in the Public Sector: Evidence from the World Bank
AbstractThe allocation of bureaucrats across tasks constitutes a pivotal instrument for achieving an organisation’s objectives. In this paper, I measure the performance of World Bank bureaucrats by...
View ArticleInfant Mortality and the Repeal of Federal Prohibition
AbstractUsing new data on county-level variation in alcohol prohibition from 1933 to 1939, we investigate whether the repeal of federal prohibition increased infant mortality, both in counties and...
View ArticleCasting Doubt: Image Concerns and the Communication of Social Impact
AbstractWe investigate strategic communication about the social impact of costly prosocial actions. A ‘sender’ with noisy information about impact sends a cheap-talk message to a ‘receiver’, upon which...
View ArticleOptimal Taxation of Families: Mirrlees Meets Becker
AbstractThis paper studies optimal taxation of families—a combination of an income tax schedule and child tax credits. Child-rearing requires both goods and parental time, which distinctly impact the...
View ArticleMultilateral Contracting with Manipulation
AbstractWe study multi-lateral risk sharing when the state of nature is unverifiable, so that contracts are conditioned on a state-dependent signal (e.g., net earnings in a financial report). A subset...
View ArticlePolitical Activism and the Provision of Dynamic Incentives: Growing the Pie...
AbstractThis paper studies the determination of income taxes in a dynamic setting with human capital accumulation. The goal is to understand the factors that support an outcome without complete...
View ArticleUncertainty, Wages and the Business Cycle
AbstractWe show that limited wage flexibility in economic downturns generates strong and state-dependent amplification of uncertainty shocks. It also explains the cyclical behaviour of empirical...
View ArticleLending Cycles and Real Outcomes: Costs of Political Misalignment
AbstractWe document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending...
View ArticleTime Preferences Across Language Groups: Evidence on Intertemporal Choices...
AbstractDifferences in patience across language groups have recently received increased attention in the literature. We provide evidence on this issue by measuring time preferences of French and German...
View ArticleDifferences Attract: An Experimental Study of Focusing in Economic Choice
AbstractSeveral behavioural models of choice assume that decision makers place more weight on attributes where options differ more, an assumption we test in a set of experiments. We find that subjects...
View ArticleCorrigendum to: Alphabetical Author Order, Intellectual Collaboration and...
Originally published in The Economic Journal, Volume 131, Issue 635, April 2021, Pages 1250–1268, https://doi.org/10.1093/ej/ueaa049.
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