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The academic and labor market returns of university professors

Braga, Michela; Paccagnella, Marco; Pellizzari, Michele - C.E.P.R. Discussion Papers - 2014

This paper estimates the impact of college teaching on students' academic achievement and labor market outcomes using administrative data from Bocconi University matched with Italian tax records. The estimation exploits the random allocation of students to teachers in a fixed sequence of...

Persistent link: https://www.econbiz.de/10011096107

One Size Fits All? The Effects of Teacher Cognitive and Non-Cognitive Abilities on Student Achievement

Grönqvist, Erik; Vlachos, Jonas - C.E.P.R. Discussion Papers - 2008

Teachers are increasingly being drawn from the lower parts of the general ability distribution, but it is not clear how this affects student achievement. We track the position of entering teachers in population-wide cognitive and non-cognitive ability distributions using school grades and draft...

Persistent link: https://www.econbiz.de/10005124413

Corporate Efficiency in Europe

Hanousek, Jan; Kocenda, Evzen; Shamshur, Anastasiya - C.E.P.R. Discussion Papers - 2015

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...

Persistent link: https://www.econbiz.de/10011213309

Do Local Elections in Non-Democracies Increase Accountability? Evidence from Rural China

Martinez-Bravo, Monica; Padró i Miquel, Gerard; Qian, Nancy - C.E.P.R. Discussion Papers - 2011

leader accountability, taking into account that there is an autocratic upper government. We exploit variation in the timing … accountability. …

Persistent link: https://www.econbiz.de/10009001062

Intergovernmental Grants as Signals and the Alignment Effect: Theory and Evidence

Bracco, Emanuele; Lockwood, Ben; Porcelli, Francesco; … - C.E.P.R. Discussion Papers - 2015

This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...

Persistent link: https://www.econbiz.de/10011165654

The Role of Central Banks in Financial Stability: How has it changed?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2012

The roles of central banks in the advanced economies have expanded and multiplied since the beginning of the crisis. The conventional monetary policy roles - setting interest rates in the pursuit of macroeconomic stability and acting as lender of last resort and market maker of last resort to...

Persistent link: https://www.econbiz.de/10011083725

Looking Beyond the Incumbent: The Effects of Exposing Corruption on Electoral Outcomes

Chong, Alberto; De La O, Ana; Karlan, Dean S.; … - C.E.P.R. Discussion Papers - 2012

parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … flows of information are necessary, they may be insufficient to improve political accountability, since voters may respond … that could allow increased access to information to promote government accountability. …

Persistent link: https://www.econbiz.de/10011084114

Central Banks: Powerful, Political and Unaccountable?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2014

Central banks’ economic and political importance has grown in advanced economies since the start of the Great Financial Crisis in 2007. An unwillingness or inability of governments to use countercyclical fiscal policy has made monetary policy the only stabilization tool in town. However, much...

Persistent link: https://www.econbiz.de/10011084413

Accountability and Decentralization in Government: An Incomplete Contracts Model

Seabright, Paul - C.E.P.R. Discussion Papers - 1994

. Centralization allows benefits from policy coordination but has costs in terms of diminished accountability, which can be precisely …

Persistent link: https://www.econbiz.de/10005792514

Rational Crowd-Pleasing and Democratic Accountability

Dewatripont, Mathias; Seabright, Paul - C.E.P.R. Discussion Papers - 2010

wasteful projects are often attributed to weak mechanisms of accountability, such as inadequate opportunities for voters to … wasteful spending may be a by-product of the accountability of politicians to their voters, not a symptom of its weakness or …

Persistent link: https://www.econbiz.de/10008468681