American Economic Review

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Peer Effects in Program Participation
American Economic Review - Tập 104 Số 7 - Trang 2049-2074 - 2014
Gordon B. Dahl, Katrine Vellesen Løken, Magne Mogstad
We estimate peer effects in paid paternity leave in Norway using a regression discontinuity design. Coworkers and brothers are 11 and 15 percentage points, respectively, more likely to take paternity leave if their peer was exogenously induced to take up leave. The most likely mechanism is information transmission, including increased knowledge of how an employer will react. The estimated...... hiện toàn bộ
Do People Mean What They Say? Implications for Subjective Survey Data
American Economic Review - Tập 91 Số 2 - Trang 67-72 - 2001
Marianne Bertrand, Sendhil Mullainathan
Commitment and Conflict in Bilateral Bargaining
American Economic Review - Tập 98 Số 4 - Trang 1629-1635 - 2008
Tore Ellingsen, Topi Miettinen
Building on previous work by Schelling and Crawford, we study a model of bilateral bargaining in which negotiators can make binding commitments at a low positive cost c. Most of our results concern outcomes that survive iterated strict dominance. If commitment attempts never fail, there are three such outcomes. In two of them, all the surplus goes to one player. In the third, there is a h...... hiện toàn bộ
The Impact of the Massachusetts Health Care Reform on Health Care Use Among Children
American Economic Review - Tập 102 Số 3 - Trang 502-507 - 2012
Sarah Miller
In 2006 Massachusetts enacted a major health care reform aimed at achieving near-universal coverage in the state. While other studies have found that this reform substantially affected the use of health services in general, the impact of the reform on children is largely unexplored. Children are of special interest to policymakers because it is widely believed that better health in early ...... hiện toàn bộ
Estimation and Inference of Impulse Responses by Local Projections
American Economic Review - Tập 95 Số 1 - Trang 161-182 - 2005
Òscar Jordà
This paper introduces methods to compute impulse responses without specification and estimation of the underlying multivariate dynamic system. The central idea consists in estimating local projections at each period of interest rather than extrapolating into increasingly distant horizons from a given model, as it is done with vector autoregressions (VAR). The advantages of local projectio...... hiện toàn bộ
Bond Risk Premia
American Economic Review - Tập 95 Số 1 - Trang 138-160 - 2005
John H. Cochrane, Monika Piazzesi
We study time variation in expected excess bond returns. We run regressions of one-year excess returns on initial forward rates. We find that a single factor, a single tent-shaped linear combination of forward rates, predicts excess returns on one-to five-year maturity bonds with R2 up to 0.44. The return-forecasting factor is countercyclical and forecasts stock retur...... hiện toàn bộ
Stakes Matter in Ultimatum Games
American Economic Review - Tập 101 Số 7 - Trang 3427-3439 - 2011
Steffen Andersen, Seda Ertaç, Uri Gneezy, Moshe Hoffman, John A. List
One of the most robust findings in experimental economics is that individuals in one-shot ultimatum games reject unfair offers. Puzzlingly, rejections have been found robust to substantial increases in stakes. By using a novel experimental design that elicits frequent low offers and uses much larger stakes than in the literature, we are able to examine stakes' effects over ranges of data ...... hiện toàn bộ
The Rise of the Service Economy
American Economic Review - Tập 102 Số 6 - Trang 2540-2569 - 2012
Francisco Buera, Joseph P. Kaboski
This paper analyzes the role of specialized high-skilled labor in the disproportionate growth of the service sector. Empirically, the importance of skill-intensive services has risen during a period of increasing relative wages and quantities of high-skilled labor. We develop a theory in which demand shifts toward more skill-intensive output as productivity rises, increasing the importanc...... hiện toàn bộ
Regulation and the High Cost of Housing in California
American Economic Review - Tập 95 Số 2 - Trang 323-328 - 2005
John M. Quigley, Steven Raphael
Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits
American Economic Review - Tập 93 Số 4 - Trang 1152-1172 - 2003
Dario Focarelli, Fabio Panetta
The general conclusion of the empirical literature is that in-market consolidation generates adverse price changes, harming consumers. Previous studies, however, look only at the short-run pricing impact of consolidation, ignoring effects that take longer to materialize. Using a database that includes detailed information on the deposit rates of individual banks in local markets for diffe...... hiện toàn bộ
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